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Bitcoin Has “Room to Fall” Amid Rising Open Interest: CoinGlass  BitcoinFuturesprice crash Rising open interest presents "unusual" situation as the Bitcoin price declines. Bitcoin may still have “more room to fall” as open interest has continued to rise amid recent price action, according to crypto analysis platform CoinGlass. In an August 16th X post, CoinGlass highlighted that the total open interest (OI) for Bitcoin futures, representing the number of contracts that have yet to be settled, reached $29 billion and has been rising throughout the week. This uptick in OI contrasts with the 5% decline observed from Bitcoin’s spot price over the past two days, a situation the platform described as “a bit unusual,” as the OI has not yet adjusted to reflect the price drop. An increase in open interest means that both long and short positions are increasing,” CoinGlass noted. Consequently, this adds more leverage to the market, which can amplify price movements in either direction. Open Interest Figures Mirror Last Week’s Crash Significantly, a similar setup triggered the dramatic 20% drop in the Bitcoin price on August 5th as leverage was flushed out. Something CoinGlass highlighted as a case that Bitcoin could see further downside in the near term. The firm commented: Additionally, CoinGlass data reveals that funding rates are currently negative. Negative funding rates occur when the price of the futures contract is trading below the spot price of the underlying asset. The end of the week also brings a significant crypto options expiry event, with approximately 24,000 Bitcoin contracts set to expire today, carrying a notional value of $1.4 billion, according to Deribit data. Despite the size of this event, these expiries typically have a limited impact on spot markets. Instead, the buildup of large leveraged positions tends to have a greater influence, particularly when those positions get flushed out, leading to heightened price volatility.

Donald Trump's Financial Disclosures Revealed

$REQ took support at 0.08$ and continues its uptrend with a huge volume. Looks like we'll cross our next target of 0.25$ way earlier than expected. Hope $BTC stays green. Keep an eye on this one! We've seen 370% gains in the last bullrun.

Today's Crypto Fear and Greed Index is 25 (yesterday was 27)

Trump’s Pussy (TRUMPPUS) Solana Memecoin to Explode 18,000% Before Exchange Listings, While Shiba...

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🔔 Square Creators, To ensure fair competition for all, please be aware that the following methods to solicit votes are NOT PERMITTED: ⤵️ 🔹 Unofficial and Fake Giveaways (Except Crypto Quiz Box) on Binance Square - No running giveaways in the comments section. - If you are not running a Crypto Quiz Box, you MUST clearly state that Binance Square is the entity giving out rewards for users who complete daily voting. - Posts must not be misleading to your community. Headlines, videos, and posts with false claims of giveaways will result in disqualification of the creator. 🔹 Usage of BOTs and Batch Accounts 🔹 Tampering with Binance Program Code Using Software ❌ Any creator found using these methods will be disqualified. ❌ For more details 👉 Binance Square Creator Awards 2024 Thank you for your cooperation and commitment to maintaining a fair and transparent environment. [Click Here to Vote for Favorite one and Claim the Reward officialy by Binance mentioned in Qouted Post](https://www.binance.com/en/square/profile/tradingheights)

$BAKE M15 Falling Wedge Breakout. Additional bullish confluence. Bullish NT. Need to sustain trading above EMA200. VAH strength test imminent.

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$3 Million PEPE Gamble Sparks Speculation of Incoming Price Surge 🐸🐸🐸 💰 A massive $3 million investment in PEPE has caught the attention of the crypto community, fueling speculation about a potential price surge. This bold move suggests confidence in the meme coin's future, with many wondering if this could trigger a new rally. 📈 As interest in PEPE grows, all eyes are on the market to see if this gamble will pay off with significant gains. #PEPE #Write2Earn! #MarketDownturn #BinanceTurns7 #BTC☀ $BTC {spot}(BTCUSDT) $ETH {spot}(ETHUSDT) $PEPE

I don't understand why the prices of Shiba Inus and Dogecoin are falling today

ANOTHER INDICATOR THAT WILL HELP YOU IN A NEUTRAL MARKET A lot of indicator out there but this one WORKS the best! Identification of price reversals, confirmation for continuation of a trend, etc. are some of the focal points of every indicator. This indicator works best with identifying on possibly both the stop hunts and profit taking of traders. Here's how to do it. First, identify whether the market is experiencing its fear/greed for the first 2 days of the week, Monday & Tuesday. Next, take 2-5 alts and check whether they're closest to their support or resistance. Finally, add these 2 information to formulate your bias for the week. An example would be, in a greedy market most likely it would consume the interest of traders for an uptrend rally. Hence, adding the 2-5 alts closest to their supports, you'll gain a bullish bias. Even when they feel like they're falling off, as long as you can confirm that they have the potential to bounce, you can go for it. Tendencies are the focal point for this type of indicator. Stay wise, trade cautiously. {future}(BTCUSDT) {future}(ETHUSDT) {future}(BNBUSDT)

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Bitcoin Funding Rates Plummet on Binance as Short Positions Dominate Market BinanceBitcoinfunding Funding rates on Binance have long been a barometer for market sentiment Bitcoin funding rates on Binance, the world’s largest cryptocurrency exchange by trading volume, have dropped to their lowest levels of the year, reflecting a marked shift in market sentiment. According to CryptoQuant on-chain analyst EgyHash, the funding rates for Bitcoin on Binance have been negative for three consecutive days, a trend last seen in October 2023. The negative turn suggests that short positions—bets that the price of Bitcoin will fall—are now outpacing long positions, indicating growing bearishness among traders. Funding Rates on Binance Signal Market Sentiment Funding rates on Binance have long been a barometer for market sentiment, reflecting the balance between short and long positions. When funding rates become negative, it means traders holding short positions are required to pay those holding long positions, signaling higher demand for short positions. EgyHash’s data reveals that the current funding rates have reached their most negative point of the year, underscoring the dominance of short positions in the perpetual futures market. The broader market sentiment is also turning cautious, as reflected by the average Bitcoin funding rate across all exchanges, which has also turned negative. A report from 10x Research on August 16 highlighted a lack of institutional interest in Bitcoin at current price levels. The report pointed to the seven-day minting ratio, a key stablecoin metric that tracks Bitcoin buyer activity, as evidence that institutions are hesitant to engage with the market. However, despite the negative funding rates and waning institutional interest, there are still signs of optimism. On August 15, spot Bitcoin exchange-traded funds (ETFs) saw inflows of $11.11 million, despite declining interest in the Grayscale Bitcoin Trust (GBTC). According to Sosovalue data, the total net asset value of spot Bitcoin ETFs has risen to $51.99 billion

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#TOTAL MARKET CAP ANALYSIS The total cryptocurrency market cap is consolidating within a bull flag pattern. It is currently trading below the Ichimoku Cloud, which is acting as a resistance barrier above the current price action. A breakout above the Ichimoku Cloud and the pattern's resistance trendline would provide strong bullish confirmation. Conversely, if the market cap breaks below the support trendline, the pattern will be invalidated.

Crypto Mining and Data Centers Take up 2% of Electricity, Tax Policy May Help: IMF Crypto MiningIMFTax Increasing the electricity tax by 85% could force the industry to become more environmentally responsible. The International Monetary Fund (IMF) reports that crypto mining and data centres together account for 2% of global electricity. This figure is expected to rise to 3.5% within the next three years, raising concerns about the environmental impact of these energy-intensive industries. Increasing the electricity tax by 85% could in turn force the industry to become more environmentally responsible, proposes the IMF. Cryptocurrency mining being particularly energy-hungry, policymakers are starting to consider strategies to limit carbon footprint. One strategy is the potential use of targeted taxation to steer the industry toward reducing emissions. The IMF proposes taxing miners will incentivise them to reduce their electricity consumption. Cryptocurrency mining relies on high-powered computing equipment that consumes vast amounts of electricity. The IMF said to put this into perspective, a single Bitcoin transaction uses roughly the same amount of electricity as the average person in countries like Ghana or Pakistan consumes in three years. This energy demand has put pressure on governments and organizations to seek ways to curb the industry’s environmental impact, especially as global energy consumption is closely linked to rising greenhouse gas emissions. In a blog post, the IMF proposes a direct tax of $0.047 per kilowatt hour as a possible solution to encourage the crypto-mining industry to align with global emission reduction goals. This tax would target miners directly, incentivizing them to either reduce their electricity consumption or adopt cleaner, more sustainable energy sources. IMF Says Levy Could Generate $5.2B in Annual Revenue According to the IMF, implementing tax could help the crypto industry become more environmentally responsible while contributing to broader climate goals.

Shiba Inu price prediction – Here’s where SHIB traders should be careful now!

Outflows Hit $15M in US ETH Spot ETF on August 16

🌍 Pandemic Alert: Markets and $BTC on the Brink of a Major Shift! 🚨🚨 Global uncertainty is brewing, and the markets are on high alert. Our analysis signals a crucial 40-day window that could define the financial landscape. If the WHO issues a global pandemic alert, especially for monkeypox, we could be on the verge of a market crash lasting 7 to 10 months, erasing gains and sending shockwaves across the board. We've been raising the alarm, and the risk is intensifying with each passing day. 👈 Bitcoin isn't exempt from this potential storm. A global pandemic alert could hit $BTC hard, pushing it down 📉 to test its key support levels. This could be a pivotal moment — if the alert is issued, brace for a significant downturn in both traditional and crypto markets. 💥 But there's a glimmer of hope. If we get through this period without an alert, September might bring a powerful breakout in the altcoin market, with spot holders eyeing potential gains of 2x to 5x. 🚀 The next few weeks are crucial — will we face a crash or witness a crypto bull run? Stay sharp and ready for whatever the market throws your way! 💪 #MarketShift #BinanceTournament #CryptoAlert #Write2Earn! #MarketDownturn $BTC {spot}(BTCUSDT)

However, the 2024 ruling demonstrated a significant shift in the court’s earliest approach. This time, the court recognized cryptocurrency’s validity as a form of payment and enforced the payment of the agreed-upon salary in EcoWatt tokens without requiring conversion to fiat. The court’s decision was grounded in Article 912 of the UAE Civil Transactions Law, which states that wages are a worker’s right against the employer and that the employer must pay wages on due dates. The court ruled, “As the respondent did not provide evidence of payment in EcoWatt tokens, the court orders the respondent to pay the claimant the value of her wages in EcoWatt tokens.” The court’s decision is expected to encourage further integration of digital currencies in everyday financial transactions in the UAE, potentially paving the way for broader adoption of cryptocurrencies in various sectors. With over 3,000 cryptocurrency companies operating in the UAE and employing tens of thousands of people, this ruling provides employees a much-needed layer of protection. {future}(BTCUSDT)

Franklin Templeton Files for Crypto Index ETF With the U.S SEC

who else is up building DePIN on a Friday night? 👋

🚀 𝗘𝗹𝗼𝗻 𝗠𝘂𝘀𝗸 𝗥𝗲𝗮𝗰𝘁𝘀 𝘁𝗼 𝗜𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻:"𝐓𝐡𝐞𝐲 𝐩𝐫𝐢𝐧𝐭 𝐦𝐨𝐫𝐞 𝐦𝐨𝐧𝐞𝐲!" Elon Musk, a prominent figure and vocal supporter of Donald Trump in the US elections, has taken to X to express his concerns about the Biden administration's handling of inflation. According to Musk, the government's overspending and excessive money printing are driving inflation to new heights. He emphasized the need for responsible spending, stating, "Inflation rises when the government spends more than it should. They print money to cover the gap. To tackle inflation, it's crucial to cut unnecessary expenses. Your taxes should be spent wisely, not wasted..." While economists debate whether the US will face a recession or a financial crisis, Musk's comments have ignited a firestorm, especially among those aligned with the Democratic Party, who argue that inflation has already dropped to around 3%. 💥 Forgotten Bitcoin? Musk, who once shook the crypto world with his influential tweets about Bitcoin and Dogecoin, has since made a dramatic shift. Although he once supported Bitcoin payments for Tesla, Musk later reversed course, citing environmental concerns related to fossil fuel-based Bitcoin mining. Recently, X, the platform Musk owns, even removed the Bitcoin emoji, with no explanation provided. Interestingly, during his recent "Space" broadcast on X, where Trump was a key topic, Musk didn't mention Bitcoin at all, despite its significance in Trump's election promises. Could this signal a broader shift in Musk's stance on cryptocurrency? The crypto community is left wondering. #MarketDownturn #BinanceTurns7 #Write2Earn! #LowestCPI2021 #SahmRule $BTC $ETH $BNB {spot}(BNBUSDT) {spot}(ETHUSDT) {spot}(BTCUSDT)

Nigerian Man Loses $400K Memecoin Fortune to FOMO.

Dubai Court Rules in Favor of Salaries Payment in Crypto DubaiUAE Dubai Court has ruled that cryptocurrency can be legally recognized as a valid form of salary payment. In a groundbreaking decision, the Dubai Court of First Instance has ruled that crypto can be legally recognized as a valid form of salary payment under employment contracts. This ruling, which emerged from case number 1739 of 2024, marks a significant shift in the United Arab Emirates’ legal stance on digital currencies. Legal professionals, including Irina Heaver, a partner at UAE law firm NeosLegal, have praised the ruling as a “progressive approach” that aligns with the evolving nature of financial transactions in the Web3 economy. Employment Dispute Open Door for Crypto Recognition The legal battle that led to this landmark ruling centered around an employment dispute where the plaintiff, an employee, claimed unpaid wages, wrongful termination compensation, and other benefits. The employment contract specified a monthly salary to be paid partly in fiat currency and partly in 5,250 EcoWatt tokens, a form of cryptocurrency. Over six months, the employer failed to pay the cryptocurrency portion of the salary, prompting the employee to file a lawsuit. In its 2024 ruling, the Dubai Court of First Instance sided with the employee, recognizing the validity of the cryptocurrency payment as outlined in the employment contract. The court ordered the employer to fulfill the contractual obligation to pay the salary in EcoWatt tokens without requiring the conversion of the payment into fiat currency. This decision marks a significant departure from the court’s earlier stance in a similar case in 2023, where the claim for cryptocurrency wages was denied due to the lack of a straightforward method for valuing the tokens. She further noted that the ruling is a crucial acknowledgment of how value is created and shared in the Web3 space, where it is common for employees to be compensated in a combination of fiat and project tokens. Dubai Officially Ruled Crypto as a Means of Value

Exodus reports $10 million net loss in first quarterly filing since launching on NYSE American | The

Circle's USDC Issuance and Redemption Remain Steady

IF YOU'RE WORRIED ABOUT BTC PRICE ACTION, READ THIS 🚨 🔻 BTC's Downtrend: - Since topping at $74K in March, BTC has been on a downtrend. - Alts are down 50%-80% from their Q1 highs. 📉 Historical BTC Price Action: - 2016: BTC went sideways for 161 days after halving. - 2020: BTC went sideways for 175 days after halving. - 2024: BTC has been going sideways for 119 days so far. But, there are bullish signs many aren't noticing! 👇 📈 BTC Supply is Shrinking: - Since July, ETFs and accumulation addresses have bought 450,000 BTC. - Bitcoin supply on exchanges is at its lowest level in 6 years. - Bitcoin long-term holders' accumulation is at its highest level in 15 months. - 45% of BTC supply hasn't moved in 6 months. 🚨 Upcoming Supply Crunch Indicators: - MicroStrategy is buying $2B worth of BTC. - Marathon is buying $300M worth of BTC. - BlackRock and other financial institutions are continuously accumulating. 💡 What About Demand? - Demand will pick up by Q4 with major events: - FED rate cuts begin. - Global QE starts, avoiding a global recession risk. - Russia’s international trade with crypto begins. - FASB rule implementation will allow $3T+ of corporate cash to be invested into BTC. 🚀 All these factors could lead to a parabolic run for BTC! I gathered this information to guide you. Your vote means a lot! #LowestCPI2021 #bitcoinhalvingn

Cardano Sees Massive 150% Volume Surge, Yet ADA Price Stalls With 4% Decline

⚠️ Breaking Updates Regarding  $TON $NOT $SOL (please vote for me go to my profile and vote 🙏) Toncoin, priced at $6.65, has experienced a 0.66% decline in the past day. Its market capitalization stands at around $16.76 billion, with a trading volume of $536.38 million, a decrease of 23.11% compared to the previous day recently touched a support level near $6.40, which is vital for maintaining stability. Another support level was seen around $6.50. On the resistance side, the price peaked at $6.80 before encountering selling pressure, with another resistance level at $6.70. Notcoin is currently valued at $0.0109, which was down by 2.084 percentage points over the last 24 hours. The market capitalization is approximately $1.12 billion, a stark decline of 50.96% from the previous day. The price recently fell to a significant support level around $0.0106, which could play a crucial role in future price stability. Another support level is at $0.0107, where the price briefly stabilized. Resistance was encountered at $0.0112, with another resistance level around $0.0110. The current trend shows a clear decline from the resistance at $0.0112, with the price hovering near support levels. Solana has shown a positive trend with its current price at $144.79, representing a 1.70% increase over the past day. The market cap is approximately $67.59 billion, and the 24-hour trading volume is $3.10 billion, up by 12.19%. Key support levels are at $142.12, where the price found support before rebounding, and around $136, which marks the lower end of recent price dips. Resistance is observed at $145, which is the current price level, and at $146, which has been the peak where previous levels faced selling pressure. Moving past a psychological level of $145 can signal optimistic developments, and prices moving above $146 may be ideal for the bulls. Please Vote for me We are Not even in top 30 🙏 #BTC☀ #MtGoxJulyRepayments #Write2Earn! #BinanceLaunchpoolTON #NOT🔥🔥🔥

$TFUEL Theta Fuel is showing positive signs at the edge of a falling wedge pattern👀 A breakout from this pattern could trigger an 80-100% bullish move in the midterm📈 Watch for increased volume and a clear break above the wedge resistance for entry points📝

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As follows: ⚠️Notcoin, a cryptocurrency, may gain value in the market due to various factors such as:$NOT 🌏⤴️🪙 {spot}(NOTUSDT) 1. Increased adoption and usage 🚀 2. Improved technology and scalability 💻 3. Strong community support and development 👥 4. Positive regulatory environment 📊 5. Market trends and sentiment 📈 However, Notcoin may not be delisted from exchanges due to: 1. Compliance with regulatory requirements 🤝 2. Sufficient liquidity and trading volume 💸 3. Meeting exchange listing criteria 📝 4. Absence of any severe security vulnerabilities or issues 🔒 5. Continuous development and maintenance of the project 🔧 Exchanges typically delist cryptocurrencies due to: 1. Low trading volume or liquidity 💔 2. Security concerns or vulnerabilities ⚠️ 3. Regulatory non-compliance 🚫 4. Project abandonment or inactivity 👋 5. Scams or fraudulent activities 🚨 If Notcoin addresses these concerns and maintains a healthy ecosystem, it may continue to be listed on exchanges while gaining value in the market 📈.

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Let out your emotions. Fill in lots of comments! 😍😭😡

Let out your emotions. Fill in lots of comments! 😍😭😡

Polymarket Users Bet $5 Million on Trump's X Space with Elon Musk 🎙️ 💸 Polymarket users have wagered a whopping $5 million on what former President Donald Trump would say during his X Space chat with Elon Musk. This unique betting market reflects the intense interest in the discussion and the potential impact of Trump’s words. 🔮 The bets range from predicting specific phrases to guessing the overall tone of the conversation, highlighting the excitement and speculation surrounding the event. #MarketDownturn #BlackRockETHOptions #BinanceTurns7 #Write2Earn! #BTC☀ $BTC {spot}(BTCUSDT) $ETH {spot}(ETHUSDT) $BNB {spot}(BNBUSDT)

🚨 Inu (SHIB) has been stuck in a trading range 📊, leaving investors and traders feeling uneasy 😬. $SHIB 🌏⤴️🪙 {spot}(SHIBUSDT) The price of SHIB has been hovering around $0.0000134 💸, with the 200-day and 100-day exponential moving averages (EMAs) coinciding with resistance levels at $0.00001813 and $0.00001597, respectively 📈. Traders are being cautious and waiting for a clear directional move 🤔, resulting in relatively low trading volume 📊. This uncertainty has led to a stalemate, with SHIB unable to break out of its trading range 🔒. However, analysts predict that SHIB will eventually break out of this range 🔓, targeting a price of $0.000072323 🚀. They recommend placing buy orders around $0.000018343 to capitalize 💸. Additionally, the inadvertent burning of 2 billion SHIB tokens 🔥 has reduced the circulating supply, which could boost demand and price pressure 💪. This reduction in supply, combined with the predicted breakout, could potentially lead to an increase in SHIB's value 🚀.

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This week on Harmony: 🤖 No need for X's AI subscription- go pay-per-use with ONE Bot! 📢 Mintbes Validator recaps the latest TGI 🔥 Round 22: $618K burned, $23.9M total. 📈 @stse on 100M users for Hamster Kombat & social capital.