#USSpotEtf US Spot Ethereum Exchange Traded Funds (ETFs) End 9-Day Out-Streak! Here Are the Details #ETHđ„đ„đ„đ„
Spot Ethereum exchange-traded funds (ETFs) in the US saw net inflows of $5.84 million on Wednesday.
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Spot Ethereum exchange-traded funds (ETFs) in the U.S. ended a nine-day outtrend with net inflows of $5.84 million on Wednesday.
$ETH
Spot Ethereum ETFs See $5.8 Million Inflows, Breaking Nine-Day Outflow Streak
Data from SoSoValue reveals that the Grayscale Ethereum Trust (ETHE) experienced a daily net outflow of $3.81 million, but this was more than offset by inflows into other funds.
#ETFGrowth
Specifically, there was an inflow of $8.4 million into BlackRockâs spot Ethereum fund and $1.26 million into Fidelityâs FETH fund.
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Despite the recent inflows, nine spot Ethereum ETFs recorded $151.57 million in trading volume on Wednesday, a significant difference compared to the approximately $900 million in volume seen in late July when these ETFs were first launched.
Overall, these funds have faced total net outflows of $475.48 million since their inception
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In contrast, US spot Bitcoin ETFs continued to experience net outflows, with $105.19 million withdrawn on Wednesday.
The biggest outflows came from Ark and 21Sharesâ ARKB, which withdrew $59.27 million. Fidelityâs FBTC and VanEckâs Bitcoin fund also reported outflows of $10.37 million and $10.07 million, respectively.
$BTC
Other funds, including Bitwiseâs BITB, Grayscaleâs mini Bitcoin fund, and the larger Grayscale Bitcoin Trust (GBTC), collectively reported net outflows of around $8 million.
Interestingly, BlackRockâs IBIT, the largest spot Bitcoin ETF by net assets, and five other Bitcoin ETFs reported no flows during the day.
Despite these outflows, spot Bitcoin ETFs had a total trading volume of $2.18 billion on Wednesday, compared with $1.2 billion the day before.$ETH
ICP Price Records A Consolidated Price Action
The Internet Computer has formed a descending triangle pattern in the 1D time frame and has continued to trade within it since mid-June. Moreover, this altcoin has repeatedly failed to break out of its resistance trendline. This suggests a decline in the buying pressure.
After recording a correction of 15.24% during the past month, the ICP coin price has jumped 1.36% within the past day with a trading volume of $75.074 Million. Further, with a jump of 2.01% over the past week, this crypto token has secured 23rd position with a market cap of $3.76 Billion.
Internet Computer Market Sentiments
The technical indicator RSI has displayed a strong bullish reversal below the mid-point. Further, the average trendline has recorded a bullish convergence in the 1D time frame. This highlights increased price action for the altcoin in the market.
However, the MACD has recorded a constant decline in the green histogram with a constant flatline in its averages. This indicates a mixed sentiment for the altcoin this week.
Will ICP Price Rise Back Up?
Suppose, the bulls regain momentum, in that case, the Internet Computer price will retest its resistance level of $8.825. Maintaining the price at that level will set the stage for this crypto token to head toward its upper resistance level of $11.30 during the upcoming weeks.
On the flip side, if the bears continue to dominate the crypto market, the ICP coin price will plunge toward its crucial support trendline of $6.625 in the coming time.$ICP
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BICO/USDT Testing Critical Levels Amid Consolidation
$BICO
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The #BICO/USDT pair on Binance's 4-hour chart is showing signs of a possible reversal after bouncing from the recent low at $0.2187. The price is currently trading at $0.2347, just below the 200-period moving average (MA), which is at $0.2498. The alignment below the 200-MA suggests a bearish trend in the longer timeframe. However, the Volume Weighted Average Price (VWAP) is at $0.2298, indicating that the price has been consolidating around this level.
The Relative Strength Index (RSI) is at 41.79, reflecting a neutral momentum but not yet oversold, indicating there could be room for upward movement. The Moving Average Convergence Divergence (MACD) is showing a potential bullish crossover, with the MACD line at 0.0004 above the signal line at -0.0079, suggesting the possibility of a bullish reversal if the momentum continues to build.
On the 4-hour published chart, the price action is seen approaching a key resistance zone around $0.2431. A breakout above this resistance could pave the way for a further rise towards the next significant resistance level around $0.26. Conversely, if the price fails to break through and retreats, the support at $0.2187 could be retested. The narrowing Bollinger Bands indicate decreasing volatility, suggesting a potential breakout in either direction.
Disclaimer: The information provided in this analysis is for educational purposes only and should not be considered financial advice. Cryptocurrency investments are volatile and carry a high risk. Always perform your own research before making any investment decisions.
#6thTrade #MarketSentimentToday #BICO #Market_Update
#IMX/USDT ANALYSIS
IMX is currently consolidating within a descending channel, with price action attempting to break through the resistance trendline. The 100-day moving average is positioned just above the channel, acting as an additional resistance level.
A decisive breakout from the channel, coupled with a move above the 100MA, would serve as strong bullish confirmation. Traders should monitor this closely, as a successful breakout could signal a shift in momentum.
#Write2Earn! #Write2Earn #write2earn
PROTECT YOUR CAPITAL
If you can do just that, consider it a victory.
The market is toughâchallenging, unpredictable, and often ruthless. Itâs a battlefield where only the resilient survive.
[vote for me](https://app.binance.com/uni-qr/cpro/CryptoMystique?l=en&r=146259817&uc=app_square_share_link&us=copylink)
At times, it may feel overwhelming, but if you manage to enter and exit a trade without losing your initial investment, you've already won a significant battle.
Think of your capital as your ammunition in this war. Holding onto it means youâre ready to strike again when the time is right. Whatever you do, make sure you donât deplete your resources. Losing everything is the biggest mistake you can makeâalways keep some reserves for the next opportunity.
#LowestCPI2021 #BinanceBlockchainWeek #CryptoMarketMoves #TelegramCEO
REALISTIC APPROACH TO EVERY MARKET SCENARIO
If you're looking for realistic approaches in the market to be more profitable. You're in the right place.
Do this.
First, take a deep breath, calm yourself and take time to understand what went wrong with your trades. Next, acknowledge that these errors are normal and what's not normal is if you remain stuck in doing the same error again and again. Hence, the best practices is to think of possibilities that you can think of in order to prepare for both best and worst case scenarios.
Let's take #LSK as an example.
In the event LSK gets rejected and breaks down further from the support that's holding it. There's a high possibility that it will go in between the key levels 0.49 & 0.77. Therefore, the best action to take with this available information and probabilities is to prepare long positions every once in a while on those key levels. The daily-monthly RSI for LSK is still below 50. If you take into factor these information, you can see that LSK is heavily undervalued. As the possibility of the RSI hitting 20-30, this will potentially be met with high demands of those who are waiting at the bottom.
This viewpoint makes the 'worst-case scenario' to no longer be the worst-case scenario anymore.
Stay wise, trade cautiously.
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$VET $KSM $LSK
It took me 4 years in the crypto world to learn these lessons, but you can grasp them in just 3 minutes:
8% Control: No matter the market, 8% of people will control all 21 million Bitcoin.
[vote for me](https://app.binance.com/uni-qr/cpro/CryptoMystique?l=en&r=146259817&uc=app_square_share_link&us=copylink)
Mastering the Essentials: Financial, capital, and risk management are 100 times more crucial than just focusing on technical analysis or crypto research.
Passive Income Opportunities: There are many ways to profit in the crypto market without being an active trader.
Over the past 15 years, #Bitcoin has averaged a yearly increase of over 100%. So why do so few people profit? The 'get rich quick' mentality is rampant. If you can't dedicate at least 4 hours a day to crypto, stick to Bitcoin and ETHâallocate 9% in $BTC and 10% in $ETH.
Trust Wisely: Blind trust can lead to disappointment and mistakes. Learn independently and take full responsibility for your decisionsâthis is how true experience and growth are achieved!
The ultimate goal of investing is to improve your quality of life. If crypto helps you achieve that, pursue it. If not, it may be time to reconsider.
Crypto in the Financial World: What began as a tech innovation is now intertwined with macroeconomic factors and mainstream financial markets.
Some may warn against buying Bitcoin, but remember, once something becomes mainstream, the opportunity could pass you by. Act now before itâs too late!
Invest wisely, make choices that matter, and let crypto guide you toward a brighter future.
#DOGSONBINANCE #TelegramCEO #BinanceBlockchainWeek #LowestCPI2021 #BlackRockETHOptions
Optimism Price Fails To Breach Its Important Resistance Level
Despite recording a jump of approximately 4% in the past day, the OP price has dropped 1.39% over the past week and 14.59% during the past month. Further, it has recorded a Year-to-Date (YTD) return of -59.93%. This indicates a long-term bearish sentiment in the crypto space.
The Relative Strength Index (RSI) continues hovering close to its mid-point in the 1D time frame. Conversely, the EMA 50-day acts as a resistance. This highlights a mixed price sentiment for the altcoin in the cryptocurrency market.
If the market regains momentum, the OP price will head toward its upper resistance level of $2.025 during the upcoming weeks. On the flip side, if the bulls fail to gain power, the Optimism price will retest its low of $1.060. $OP
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#FOOTBALL/USDT Famous Football Star's X Account Hacked, Altcoin Advertised! An Investor Made 4,330x Profit in 3 Minutes!
Real Madrid's world-famous football player Kylian Mbappe's X account was hacked. The hacker advertised the altcoin called MBAPPE through the X account. #Xverse
#CryptoMarketMoves
Real Madrid's world-famous football player Kylian Mbappe's X account was hacked. The hacker advertised the altcoin called MBAPPE through the X account.
The posts about the MBAPPE token from French football star Mbappe's X account quickly created a huge buzz. Although these posts were deleted in a short time, the price of the MBAPPE token rose to tens of millions of dollars in minutes. However, it fell to almost zero at the same speed.
$BNB
Lookonchain noted that an investor purchased MBAPPE for 0.2 SOL (worth around $29) and sold it 3 minutes later, making a profit of $200,000.
âThis guy hit the lottery ticket and ended up winning the 4,330x jackpot!
This guy spent 0.2 SOL ($29) to buy MBAPPE and sold it 3 minutes later for 866.13 SOL ($125k), making a 4,330x return.
$USDC
This investor, who traded 251 MEMEcoins in the past month, invested small amounts such as 0.1 SOL, 0.2 SOL or 0.3 SOL in each memecoin, making a total profit of $126.7 thousand with a 35.46% profit rate!
$SOL
Not everyone was as lucky as this investor. Another investor spent over $1 million worth of 7,000 SOL to buy MBAPPE. However, after the MBAPPE price dropped to zero, he was left with only $9,000 worth of tokens. This investor lost over $1 million in just one hour.
Someone created a new wallet and spent 7,156 SOL (worth $1.03M) to buy MBAPPE in a single transaction. However, their tokens are only worth $9.2K.
This person lost over $1 million in just 1 hour!â
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ImmutableX Price On The Verge Of A Major Breakout?
After recording a drop of over 5% during the past, the IMX price has successfully regained momentum and added 3.48% in the past day. Further, with a jump of 19.83% over the past week, it has secured the 33rd position in the global crypto list with a market cap of $2.344 billion.
The Simple Moving Average (SMA) constantly acts as a support to the IMX price chart in the 1D time frame. However, the MACD shows a constant green histogram with a constant flatline. This suggests an increase in the buying pressure within the crypto market.
If the bulls break out of the resistance trendline, the ImmutableX price will prepare to test its upper resistance level of $1.925. Conversely, if the bears regain power, this altcoin will plunge toward its crucial support level of $1 in the coming time.$IMX
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Arthur Hayes continues to wait for bullish for Bitcoin: âMoney printing machine will workâ
Arthur Hayes continues to wait for bullish for Bitcoin: âMoney printing machine will workâ
Stating that he has been waiting for a rise in cryptocurrencies for a long time on his blog page, Arthur Hayes stated that he is behind this idea and that he expects serious increases in cryptocurrencies, especially Bitcoin, especially with the Fed's interest rate cuts. "I expect a huge rise in those who have a limited number of supplies like Bitcoin," Hayes said.
Arthur Hayes, former CEO of BitMEX, who reads the articles of the crypto world with curiosity, stated that the expectation of rise in cryptocurrencies continues. In his latest blog post, Hayes, who talked about his consecutive summer and winter holidays in the northern and southern hemispheres, combined the diet here with cryptocurrency comments.
âThe difference between sugar and real food...â
Stating that he sometimes buys densely sugar-laden chocolate foods because he needs quick energy during the winter vacation, Hayes compared the Fed's experience to "the intense feeling of hunger that comes after the feeling of fullness after taking sugar".
âIn my opinion, the price of money is like the candies I eat... It gives a short-term feeling of fullness. Your instant glucose needs are being met. However, the amount of money is real food. They are dishes that are burned for a long time and slowly. Reducing interest rates creates a positive effect for investors in the short term. Like sugar... Real food, on the other hand, will be central banks' balance sheet expansion, that is, injecting liquidity into the market through money printing. This is what the economy really needs in the long runâ
Kudos to Traders: Outstanding Execution with High Risk-Reward Payoff!
#DUSKUSDT $DUSK
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The trade turned out to be a fantastic win, boasting a Risk-Reward Ratio of 2.5 , which means the potential profit was more than three times the amount at riskâa very favorable setup! The market moved exactly as anticipated, hitting the take-profit target of 0.2362. After reaching this point, there was a bit of a pullback to 0.221, suggesting a pause and some consolidation after the strong upward move. This outcome really highlights how effective the trade setup was and shows just how important good risk management is for profitable trades. Kudos to everyone who executed their strategy so well!
#6thTrade #BinanceBlockchainWeek #MarketSentimentToday
Quai Network, a programmable proof-of-work layer-1 blockchain, has secured $5 million in a strategic funding round with participation from Cogitent Ventures, MH Ventures, TPC Ventures, Giga Chad Ventures, and DexCheck Ventures. This brings the total funds raised to $15 million, following a previous $10 million round from Polychain Capital and Alumni Ventures.
The EVM-compatible network recently launched its Mainnet-compatible Devnet, which precedes its fourth testnet and introduces workshares, UTXO transactions, and dynamic sharding. The new capital will be used to accelerate network development, expand the team, and boost ecosystem growth.
Quai Network aims to address scalability and security challenges in multi-chain systems, supporting up to 50,000 transactions per second. The Devnet provides developers with necessary tooling and infrastructure, reinforcing Quai's position as a leader in decentralized ecosystems.
$KDA /USDT
**Identifying Key Support and Resistance Levels in Trading**
In trading, recognizing key support and resistance levels is essential for making informed decisions. Support levels represent the price point at which an asset tends to stop falling, as buying interest outweighs selling pressure. Conversely, resistance levels are where the assetâs price typically struggles to rise further, as selling interest overtakes buying.
Identifying these levels requires careful analysis of historical price data. Support and resistance are not just static lines; they evolve with the market. Traders often use tools like trend lines, moving averages, and Fibonacci retracements to pinpoint these levels. When an asset's price approaches a known support level, it may present a buying opportunity, anticipating a bounce. Similarly, when nearing resistance, it could signal a selling opportunity.
However, breakouts can occur, where prices breach these levels, signaling a potential trend reversal or continuation. Recognizing the strength of these levels and understanding the broader market context is crucial for effective trading strategies. By mastering the identification of support and resistance, traders can better manage risk and optimize their entries and exits in the market.#TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #PowellAtJacksonHole
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#AvalancheHub Avalanche (AVAX) President Talks Ethereum (ETH) and ETFs! "It's Only a Matter of Time!"
John Wu, president and CEO of Avalanche ( AVAX ) developer Ava Labs, said he is very optimistic about Ethereum (ETH) and the ETF.
$ETH
Spot Ethereum ETFs have fared worse than expected since their launch. JP Morgan said in a report that spot ETH ETFs have failed to meet expectations against Bitcoin, seeing $500 million in outflows.
It's Only a Matter of Time! #ETHETFsApproved
While ETH ETFs have disappointed compared to expectations, John Wu, president and CEO of Avalanche ( AVAX ) developer Ava Labs, said he is very optimistic about Ethereum (ETH) and its ETFs.
Speaking to Bloomberg TV, Ava Labs CEO said Ethereum ETFs will eventually succeed.
Stating that Ethereum ETFs will achieve success over time due to the competitive nature of the decentralized finance (DeFi) sector, Wu compared ETH and BTC ETFs. #ETFvsBTC
Wu stated that Bitcoin and Ethereum are not actually rivals, and that BTC's only rival is gold.
âI donât think anyone predicted that the Ethereum ETF would be as successful as the Bitcoin ETF, but in reality, Bitcoin only has one competitor, and thatâs gold.
The essence of Ethereum is about creating utility and use cases.
#ETFNewsUpdate
Ethereum actually has a lot of altcoin competitors, from Avalanche to Solana and a bunch of other altcoin competitors. At this point, Ethereum ETFs will do well over time because ETH is in a competitive environment.â
Spot Ethereum ETFs were approved by the SEC in May and began trading in late July.
Ethereum, which has gained 3% in the last 24 hours, continues to be traded at $2,550 at the time of writing.
*This is not investment advice. it latest News Updates. #TipForExclusiveInsights
đ #Dogecoin Rockets 118% in Bullish Whale Activity
As Monday saw a 6% drop in the price of Dogecoin (DOGE), a new wave of bullish activity emerged on the chain of the popular meme cryptocurrency. According to data from IntoTheBlock, the net flow of DOGE into the wallets of large holders increased by more than 118% over the past day - from 67.85 million to 148.36 million tokens, which is equivalent to $14.84 million.
The metric shows how the positions of whales and investors with more than 0.1% of the supply of Dogecoin are changing. Basically, spikes in netflow mean that large players are building their positions, while declines indicate that positions are being reduced or sold.
For example, we can see how the growth in the netflow of large DOGE holders preceded a spike in the price of the popular meme cryptocurrency as, in the last 24 hours, its quotations went up by over 1.5%. Currently, the price of Dogecoin is $0.1 per DOGE.
However, digging deeper, we can see that the real reason behind the rise is not the increase in inflows, but rather the decrease in outflows. During the period under review, outflows of DOGE from the wallets of large holders decreased by 45.9% to 111.41 million tokens.
Interestingly, the inflows also decreased, but only by 5.13%, and they still remained at 259.77 million #DOGE .
Whether this is the beginning of something bigger on the bullish side for Dogecoin remains to be seen.
However, some disturbance of calm in the quotes of the largest and most popular meme cryptocurrency is definitely worth waiting for now. This is due to the fact that the increase in on-chain activity is often a harbinger of trouble on the price chart.
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