The combination of FUD + Bad News is crushing the market
$ETH flash dump to $2000, almost the same price as $ETH in downtrend in May 2021 ($1800)
MM Jump was investigated and had to sell off about $200 million worth of ETH, but I think this number is not big enough to make a 20% flash dump like that. But everyone was panic-sold. Gas on the#Ethereumchain is currently 700 gwei, a swap order costs about $200.
For me, this is truly a black swan event this season. Uptrend but price drops even more than downtrend. Too harsh. Many tokens like $PIXEL have also split by 10 from the top
Pinnacle of technology #ZK , pinnacle of Jewish technology
Can't believe Tac Lo has the next bottom, calculated nearly /6 from the top.
Is this the final bottom of $STRK ?
Swinging L2 this season is truly breathless. Swing a little $MANTA is now lying down breathing evenly.
But even with $ETH ETF, DENCUN and all, they can't save $ETH's ecosystem this season.
Looking back, only the $ETH Beta guys still have a way to live like $PENDLE, $ENS and $PEPE..
Restaking things like $ALT is really difficult to breathe.
Well, now that we've come this far, there's no need to cry and be sad, waiting for the day $ETH ATH will bring back its children. #Layer2 #bitcoin Contact admin via ZA.?NO (O.33/ 88..8/ 35..50) to join the free crypto group to catch the upcoming strong increase.
Just this morning, $BTC slapped the holder's face again - Moa opened her eyes this morning and it felt real Yomost
Resistance in any area becomes fragile and it feels like every time you touch it, it will break.
Are you guys okay? Do you still believe in the altcoin xnxx cycle and $BTC over 100k? Or completely discouraged
Holder is right about a lot of pain, bro. The psychological threshold of pain and fear has been compressed to the point of being too much to bear.
After 2 green W candles, it hit the red candle,.... I was speechless.
Thank you guys - Oxygen weekend :)) #binance #bitcoin Contact admin via ZA.?NO (O.33/ 88..8/ 35..50) to join the free crypto group to catch the upcoming strong increase.
Today's Bitcoin Mining Difficulty Index is 90.67T. The higher this index, the more difficult it is to mine a "block" of $BTC . This is also the new peak of this index in the journey of creating Bitcoin blocks over the years.
Where is the old peak? What was the market like at that time?
The old peak of this index was 88,104T in the period April 26 - May 8 this year. At this time $BTC from $64,000 has dropped below $57,000 (-10.9%)
and ended this period at the price range of $60,800.
Similarly, $ETH also decreased from $3100, sometimes falling below $2820 (-9.1%) and returning to the ~$3000 price range.
In general, in the period April 26 - May 8,#altcoinand BTC prices will create a V-shaped model.
The next Bitcoin Mining Difficulty index change time is August 15, estimated to decrease to 85% (Coinwarz) #binance #bitcoin
There is information somewhere that this season there will be no #Altcoin season and only#Bitcoinwill increase? making altcoin holders quite confused
- Most of us participating in the market buy altcoins and only a very few buy BTC so what we care about is when will altcoins increase strongly?
- At this time, the market share is still focused on BTC, so even though $BTC recently returned to the 70k mark, most altcoin prices are the same as at the beginning of the year, even many altcoins returned to the price of the year. Last time, new altcoins continuously searched for the bottom
- This period I think of the second half of 2020 of the previous cycle when initially the market share was still focused on BTC and pushed BTC.D up to 73%, then BTC.D started to break and we had altcoin season at the beginning of 2021
- Last season BTC.D increased up to 73% because at that time there were fewer altcoins and less Trends, so a lot of money flow focused on BTC.
- This season, there have been many Trends popping up, so it is very unlikely for BTC to rise that high, but if BTC.D increases at some point, it will fall sooner or later.
- The important thing is whether we can wait patiently or not, or if we lose our load in the middle of the road, or allocate capital inappropriately, so we have to sell altcoins at the bottom price to make ends meet, many painful lessons that many people learned last season. I encountered this problem, before Uptrend I ran out of money
- I personally still believe in cyclicality and still believe that money flow will be transferred from BTC to altcoins and to other systems and altcoin season will occur. #btc #binance #Write2Win Contact admin via Za?.no (O.33/ 88..8/ 35..50) to join the free crypto group to catch the upcoming strong increase.
⭐ This season, system $SOL must say that there is a very strong comeback phase when money flows continuously here and has attracted the attention of the whole market in recent times.
- The price of sol turns the Pump back and money flows to the SOL system when many projects come here to build
- The trading volume on sol's Dex every day is approximately $2 billion, even higher than the $ETH system
- Typical top memes attract a large number of users to Sol such as: $WIF, $BONK, $BOME... it will not be surprising when in the near future there will continue to be more memes from $SOL listed on#Binance
- This cycle of#memesis even more prevalent when every system must have at least a few#memesso that fomo and#Binancealso continuously list memes
- Recently, when the market was quiet,#memewas one of the few systems with a strong recovery
- Wherever the cash flow is, we will be there and I'm still researching hidden gems at #Solana #bitcoin
#ZK Nice cap price, the market always gives us a chance.
People often talk about projects like#Strk#Manta#ARBevery day.. let's see how far it can still probe the bottom but suddenly I see very few people mentioning ZK, a genuine Layer2 product born late.
ZK model now has all the elements to become Layer 2 with the most XX capabilities from the present time among the Layer2 quartet.
When ZK's valuation was around 3 billion, almost everyone was out of money and had no money left to buy, so they weren't in trouble. #ZK currently has no liquidity, so the price list is low so the devs can collect coins at a low price. cheap... In addition, #ZK se is the biggest capital among Layer2 from many large typical funds like A16z... #binance #bitcoin
#FED is always like that. This was a meeting with quite a few important facts, but the FED achieved its goal of creating a springboard for the upcoming interest rate cut.
Insights: - The FED does not make decisions but says it based on the inflation situation, that is, if CPI on August 14 is good. The whole market will implicitly understand and activate the psychological effect when there is CPI news - Decrease or maintain in September? How many interest rate cuts this year still depend on CPI and unemployment %? - High interest rates have pushed the economy and public debt to alarming levels, the FED is not optimistic about the economy in the near future.
=> The FED is dove, but the market will remain nervous for another 2 weeks before the CPI on August 14. US stocks have not reacted yet, but BTC has decreased slightly.
The next meeting is in 48 days. We know that these numbers will replace the FED's decision on interest rates for T9. This is a sensitive period for the market, closely monitor the CPI and unemployment %.
I will monitor the price reaction further today and have a more detailed analysis article later on the current context. #Write2Win #binance Contact admin via ZA?.NO (O.33/ 88..8/ 35..50) to join the free crypto group to catch the upcoming strong increase.
$STRK Both love and hate, and many lingering questions?
Everyone knows#STRKis a leading player in the Layer 2 segment and uses ZK technology. #STRKlisted at the end of the rising wave in March 2024, so when it first launched, the valuation was quite high, and with new technology, ZK received a lot of attention and investment from the majority of the community. In addition, strk is invested and supported by vitalik and#STRKis invested by many large funds with a huge amount of raised capital => That's why I say#STRKis loved by many people.
I still hate the present because so many people bought#STRKearly and swung to the top above, but the current price is constantly searching for the bottom, so now when mentioning #STRK, everywhere I see people cursing sml.
As for me, I'm also addicted to this#STRKand continue to be in love with it, like today I'm still DCA.
Regarding #STRK, with the use of new technology and a completely new language, Cairo, it takes more time to build the ecosystem.. So we can't accept that #STRK's hst doesn't have anything yet? It's exactly like the newly released Layer 1s like#SUi#Sei #APT, at first it was like an empty field.. So we need to give it time to build and perfect the ecosystem.
Currently, there are many projects with better prices and better prices than strk, such as #ZK, so you can choose more freely.
Currently, any item that drops a lot but gets a lot of attention and is scolded a lot is trash. But later on, if the item increases a lot in the Uptrend, then we will really know which item is fake and which one is a diamond!
Are there any brothers who are faithful to #STRK✈️ ? #bitcoin #binance Contact admin via ZA?.NO (O.33/ 88..8/ 35..50) to join the free crypto group to catch the upcoming strong increase.
The whale went to market again, DWF Labs withdrew 117,563 $PENDLE (424K USD) from Binance.
In the past 6 days HashKey and DWF Labs have both withdrawn $PENDLE from Binance.
HashKey withdrew 583,070 $PENDLE .22M) from Binance. This is said to be HashKey's 3rd PENDLE transaction. #bitcoin #binance Contact admin via ZA?.NO (O.33/ 88..8/ 35..50) to join the free crypto group to catch the upcoming strong increase.
#FOMC Yesterday was quite good when the Fed took a softer, less hawkish tone!
However, the FED did not confirm that it would lower interest rates but still said that it would observe more - the market realized that they had been too foolish when they bet with 99% certainty that the FED would lower interest rates in September.
This led to the correction of the stock index and $BTC - especially after the FED chairman's statement:
" The only thing we are sure of is that nothing is certain. There will be more data from now on, but we are not relying on a single piece of data but looking at the total data over the past year ."
So if the FED wants to start cutting interest rates in September, the unemployment index in the next 2 months must increase - or CPI and PCE inflation will decrease sharply as expected. #bitcoin #binance Contact admin via ZA?.NO (O.33/ 88..8/ 35..50) to join the free crypto group to catch the upcoming strong increase.
$BTC tested and retested the 72k resistance area for 5 months, from March until now, tested once a month, But you know, like any barrier, the more you test it, the weaker it gets
The more an object is hit, the more it breaks. This resistance has been hit 5 times, the viscosity is already weak and loose, now if it is hit again it will break, there is nothing to stop the price from running straight up anymore.
To coincide with the timing of interest reduction in September, this August will begin the 6th test of a very strong breach, opening the next rising wave of BTC after a series of 5 months of sideways. #Altcoinsprobably still need to endure more time, the DOM buff for BTC will complete the rising wave, but $SOL will follow BTC strongly.
When SOL ETF has a trading date set like $ETH before, the price will level off, but now $BTC it will go wherever it goes. #bitcoin #binance Contact admin via ZA?.NO (O.33/ 88..8/ 35..50) to join the free crypto group to catch the upcoming strong increase.
Many people look at the US and DJI interest rate charts to predict recession but forget that they forget the nature of current interest rates and in different previous periods!
1995-2000 was the period of internet stock speculation boom! - The paper shopping balloon swelled!
Interest rates remain high while the market is still rising, people are still rushing to invest in junk stocks and ghost companies.
2001-2007 was the period when the housing bubble burst
At that time, despite the sharp increase in interest rates from 2004 to 2006, people still rushed to invest in junk real estate, promoting the entire market to grow!
---> The most special feature of these two periods is that everyone invested money in very high-risk assets despite rising interest rates!
---> The government increased interest rates to cool down speculation
Look at the present
We are in a very high interest rate environment but investment loan activity is stagnant - all the big guys and many investors are still on the defensive - most of the growth in the markets comes from from top safe segments
---> The government increased interest rates this time to attract money and suppress inflation
---> This is the reason why I personally believe that in the short term of the next 2 years we will not see a recession, but will most likely be a crazy bull phase of the financial market #bitcoin #binance
Update TVL between Chains during the end of July ⚡️ #Scrollis the yet-to-be-launched Layer 2 Token with the largest growth in TVL during this July period with an increase of 93%. The reason for the sudden increase in Scroll comes from users moving Farming Airdrop assets from Blast to look for new opportunities.
The old Layer 1 group is still dominated by#Solanawith an increase of 22%. In addition, Avalanche also recorded an increase during the month with 28.83%. Ethereum and BSC still do not have anything outstanding or any games to pull user assets when experiencing negative growth
The Layer 2 team that launched the Token is being led by #Arbitrum with an increase of 16.06%. Because Incentives programs are published for protocols in the system #bitcoin #binance Contact admin via ZA?.NO (O.33/ 88..8/ 35..50) to join the free crypto group to catch the upcoming strong increase.
- From March to April until now, Mr. $BTC has always been punched and broken by sellers that are several tens - hundreds of millions of dollars thick, especially in the $70-72k area.
- Then he once again groped his way up with the force of accumulating millions of dollars continuously for many weeks, but when he met his old lover again, the price of 70k was punched down to more than 4k. At least the selling force has been completely absorbed.
- And it seemed like the joy was about to return, then after only 2-3 days, the resale wall was rebuilt at 70k with an amount no different from the last time, about 48m$. It became a disaster for Mr. $BTC at this point! #bitcoin #binance Contact admin via ZA?.NO (O.33/ 88..8/ 35..50) to join the free crypto group to catch the upcoming strong increase.
In general, the market has only 2 types of projects
One is a project to build top technology, calling for tens of hundreds of millions of dollars with the promise of changing the market
Second, the project is built on a certain chain and then attached to a narrative and has KOLs stand out as leaders.
Guy number 1 then dissed guy number 2: f*ck, shitcoin lures chickens, spits, pumps....who the heck is playing?
On the contrary, guy number 2 turned around and cursed: he's all crazy about prices, sets high prices, and brings out flashy technology just to attract chickens like me.
In the end, each guy played $BTC , $ETH and a few lazy guys made money, while the other two guys were still drunk and cursing at the market. #binance #bitcoin Contact admin via ZA?.NO (O.33/ 88..8/ 35..50) to join the free crypto group to catch the upcoming strong increase.
1.#HamsterKombatreleases white paper with 60% of total supply reserved for #Airdrop;
2.#Harrissurpasses#Trumpin election odds in swing states;
3.#Bahamasenacts Digital Asset DARE Act of 2024;
4. US#SECpublishes information page dedicated to investors affected by #Terraform;
5.#Circlewas valued at about $5 billion pre-IPO;
6. US SEC accuses#bitcloutfounder of running a crypto asset fraud scheme;
7. US plans to partially increase#Bitcoinreserves as a reserve asset over the next 10 to 15 years;
8. Trump Campaign Raised $21 Million During#Bitcoin2024Conference;
9.#WSJadvises using #Bitcoin❗ as a strategic reserve asset contradicts the “escape the shackles of government” argument. #bitcoin #binance Contact admin via ZA?.NO (O.33/ 88..8/ 35..50) to join the free crypto group to catch the upcoming strong increase.
At the end of the month, according to me, H4 is still on the Increase trendline and is showing signs of being tested and pushed up. I have an opinion on 65,300, it pushed up and it returned here to pick up everyone who followed and also collected 1k in price this morning.
If D1 is broken through the 65,300 range, closing the candle here will create a normal pattern of 2 peaks at D1, it is very easy to have another collapse to 63k to fill the gap.
Tomorrow we close the W candle. I see that according to the W frame today, there is still a possibility of turning back to the 70,000 area to scan for liquidity one more time and then go back to look for a Gap to scan for liquidation. In the long term, in the next few weeks, there is a high possibility of reaching 63k. At the very least, it can sink harder, just keep going longer for now #bitcoin #binance #ETH Contact admin via ZA?.NO (O.33/ 88..8/ 35..50) to join the free crypto group to catch the upcoming strong increase.
🧗♂️ From homeless to millionaire, from 2.5 million dollars to 300 million dollars after 2 years! 💪
In 2022, in the midst of the NFT market downturn, @LucaNetz took a bold step when deciding to acquire @pudgypenguins for 750 ETH (~$2.5 million) amid community skepticism about Reviving a defunct NFT collection.
However, just 2 years later under Netz's leadership, the capitalization of the Pudgy Penguins collection reached $300 million (an increase of 120 times compared to the initial capital). 🚀
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🛣️ Pudgy's development journey is no less arduous:
- July 2021: Pudgy Penguins was created by ColeThereum but is constantly accused of allegations related to the founder.
- December 2021: Lil Pudgy created for Pudgy Penguins NFT airdrop
- April 2022: Acquired by Luca Netz to revive Pudgy
- May 2023: Raise $9 million from 1kx to build IP
- September 2023: Pudgy Toys for sale in Walmart
- December 2023: Pudgy World game launched on zkSync
- May 2024: Plan to release mobile game on Mythos Chain
- June 2024: Acquired Frame, developed its own layer-2 Abstract Chain
- July 2024: Raise capital of 11 million USD from Founders Fund to create layer-2 Abstract
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Pudgy Penguins has moved in the right direction from generating royalty revenue to creating real value and establishing strategic partnerships. #binance #bitcoin Contact admin via ZA?.NO (O.33/ 88..8/ 35..50) to join the free crypto group to catch the upcoming strong increase.
#Altcoin has been bottoming, Sell The News $ETH will end soon because
1. After the launch of Bitcoin ETFs on January 11, 2024, Bitcoin was reduced by Sell The News by more than 20%, but Sell The News was only in just 12 days. After that, $BTC began to grow strongly from a bottom of 38,555$ to an all-time high of 73,777$ in just 51 days (up more than 91% from the bottom, up 60% compared to the news release date of January 11).
2. In my opinion, the ETH ETF Sell The News has been going on since May 24, 2024, when the SEC first approved ETH ETFs, causing ETH to drop nearly 30% over the course of 46 days , causing Altcoins to drop even more sharply than the Sell The News Bitcoin ETF in January. #Write2Win #binance