The market situation remains positive, as we see each time a currency rise by more than 70%. However, the dominance rate is still high. The market is expected to continue the positive trend until Trump's inauguration on January 20, 2025. The market may witness a violent correction at that time…
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“Although the price of Bitcoin has reached $89,000, we have not seen a great response from some projects. On the other hand, we have seen currencies with a large market value rising, and this is very normal and normal movement. Bitcoin will stabilize, and altcoins will see excellent upside one by one
After this wave, the abnormals of prospects will come from everywhere driven by greed and greed without experience or professional rehabilitation, their only concern is quick profit... They only come because they have read posts on Facebook saying that the currency market is up....
Ethereum in the face of a huge wave of whales The chart above indicates a huge influx of 82,000 Ethereum to derivatives trading platforms, an amount that makes us wonder: Are big whales preparing to hit the market with a vel of volatility? Or are they just testing the power of the heart of small investors? A quick look at the drawing reveals that the flow of this large amount of Ethereum into derivatives platforms cannot be easily ignored. According to history, these large flows are often preceded by fluctuations in the price of Ethereum, and specifically, complex corrections and possibly downs on small time frames, that is, their effect will be limited to only two or five hours. Focus on the word usually, because it may also be a test as we said to the hearts of investors only. What does this mean for investors? The effect of these huge flows is usually increased selling pressure, as some believe that adults are preparing to monetize their assets or exploit volatility to earn quick profits. These repeated patterns tell us to be careful but without panic, and be ready but without fear, to go down until you buy from deeper areas.
Guys, the upward momentum has decreased a little while ago or let's say, the upward momentum declined for the market, and this is because the market movement tonight was all due to the American elections, there is a moral link between Trump's victory and the digital currency market. Two hours ago, Trump was superior to Kamala Hars by a very vast margin of 100 seats, because the elections began to show its initial results with the states supporting Trump by a large percentage. Now, two hours later, the results of the elections from the states supporting Kamala Hars began to appear, and therefore the difference has shrunk and only 20 seats, and this was precisely was the reason for the increase in the market momentum two hours ago and its decline now while it is The announcement of the results from the states supporting Kamala Hars, and this we noticed not only in the market, but even in Trump's mean coin MIGA, where two hours ago it was high by 40 percent now decreased by 20 percent, making it currently high by only 10 percent, and this decline, whether for the market or for Trump's mean currency, is caused exclusively by the psychological war that traders and the moral connection between the market rise and Trump's victory, and you have to know very well, my loved ones, that this link, or this theory that investors currently believe, which says that Trump wins the market will rise, all because whales have been promoting this idea for months in American society, and Trump was part of the play where he always commented positively on digital currencies in his speeches, and whales have a good reason to enter this idea into the investors' mindset, because they do not want an event like the American election event to go without riding its way in attracting new investors, to the market, by consolidating the idea that if Trump wins will explode the market, and therefore this will motivate many to enter, and the financing of whales went further than this, you may have noticed that during the past period there are dozens of major Arab media channels, including Al-Jazeera and Al-Arabiya who published reports on digital currencies and Bitcoin, and even in Western media channels this was, and in any country In any language you will find media channels published during the past period about Bitcoin, as as a definition or as a report or important thing is that they talked about digital currencies, and as a journalist I know that nothing is published unless it is a funder or part of the trends of that channel, this is all included in the financing promotional campaign for whales, in order to take advantage of this big event, which is the election, and link it to the crypto market, and this in turn will make us wonder, if we knew that whales are the ones who finance the promotion of this idea. So we know that they really want to raise the market, and the market will not rise except with the entry of new investors, novice traders, and new fish, young people, this is the law of the market driven by fish and whales, fish lose and whales, there must be fish in order for liquidity to be discharged on them, if we know this, we are sure of something, that if Trump really wins, there will be a momentum that we do not know how much its level, size and momentum, but the second thing is that the whales dump only on the new entrants. #Kamala_Harris #donaldtrump
So the interpretation of this decline in the market is understandable and simple:
Open interest reached its peak at $23.9 billion, reflecting significant activity in open contracts, and indicates a rise in interest in Bitcoin trading in that period.
As the price fell, open interest fell to $21.8 billion, indicating that some traders are leaving their positions with losses and damages, either to avoid risk further or due to a change in their vision.
And all this is because of the whales, which sold out until they strike open benefits and the fish come out of their positions at a loss, and even more so change their market view and the fluctuation of general feelings to negative, so that they ultimately benefit.
Are you wondering what whales are coming out? Or do they sell in the previous period?
Are you wondering what whales are coming out? Or do they sell in the previous period?
It is this indicator of the open interest index, which drools the whales in the futures market. When open interest is high (as shown in green), it means that there is a large amount of open contracts (puy positions) in the market. Whales monitor these levels because they know that large price movements will lead to liquidations of these contracts, in the opposite direction. For example, if the open interest is high in the buying trend, whales may suddenly try to push the price down, causing the liquidation of positions to buy. This leads to a large selling wave that may further fall the price, allowing whales to buy at lower levels.