Here we go ✅🚀 $DOT $NEAR $GALA #Altcoinseason2024 #crypto | rtruszk en Binance Square

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Alcista

Here we go ✅🚀
$DOT $NEAR $GALA 
#Altcoinseason2024 #crypto  

Aviso legal: Se incluyen opiniones de terceros. Esto no representa una asesoría financiera. Puede haber contenido patrocinado. Lee los TyC.

DOT

8,359

-3.18%

NEAR

6,21

-6.26%

GALA

0,04429

-2.42%

321

0

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All Bitcoin ETFs vs. all Gold ETFs. The answer is simple. 😀 #BTC #Bitcoin

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The graphic below illustrates how a single cryptocurrency, for which a spot ETF was recently launched, has surpassed gold in BlackRock, which has had a spot ETF for 20 years. Do you think investors are ignoring this data? Ask yourself whether cryptocurrencies can be a real competitor to gold. $DOT $ENA $HBAR #altcoins #crypto

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Let’s take a look at the funding rate, which represents the cost of borrowing capital on leverage when betting on price increases. The funding rate has been partially reset, as shown on the chart. The greed, reflected in the previously high funding rate, has been neutralized. At the same time, we see open interest increasing. In the short term, this is a bullish signal. $DOT $NEAR $ENA #Altcoinseason2024 #altcoins #crypto #Xrp🔥

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The volatility in the cryptocurrency market is largely driven by leverage. Let’s take a look at BTC open interest. Following the recent massive liquidations, BTC open interest is climbing higher and higher. The liquidations are now a thing of the past, and open interest has been rebuilt. Currently, there are over $70 billion in open positions on BTC alone. The more leverage in play, the greater the market volatility. $BTC #Bitcoin #BTC

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The image shows the dominance of altcoins. After two years of a downtrend, we are witnessing the first breakout from this pattern. A quick retest followed, and we are now at a level suggesting a potential rebound. While it’s too early to celebrate, we believe the capital flow looks promising, and sooner or later, we may see a significant upward move. $DOT $NEAR $ENA #Altcoinseason2024 #altcoins #crypto

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