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The liquidations continue 8 out of ten longs have now been liquidated I would assume many have now lost money market manipulation is a real thing the exchanges don't care they get lots of money from all the liquidations "facts" #Write2Erarn

The liquidations continue

8 out of ten longs have now been liquidated

I would assume many have now lost money

market manipulation is a real thing the exchanges don't care they get lots of money from all the liquidations "facts"

#Write2Erarn

Aviso legal: Se incluyen opiniones de terceros. Esto no representa asesoría financiera. Lee los TyC.
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Bitcoin price crash alert: Analyst predicts ETF-driven plunge, time to sell? Bitcoin [BTC] long-term holders (LTH), understood to be the cohort holding the asset for at least six months, become a widely-discussed topic during a bull market. This is because they target this phase for profit-taking after quietly accumulating during the bear market. LTH selling to increase in the days to come? An on-chain analyst and verified author at Crypto Quant drew market’s attention towards a likelihood of LTH increasing their deposits to exchanges in the days ahead, fueling speculation and anxiety. The forecast was linked to the sharp drop in inflows to Blackrock’s IBIT spot ETF, the second-largest in terms of overall holdings, and the one which led the wave of inflows over the past two months. Indeed, daily inflows into the $15 billion-strong Bitcoin investment fund have been on a downhill after peaking earlier in the month, according to AMBCrypto’s analysis of SoSo Value data. On the 22nd of March, just about $18.89 million in Bitcoins was purchased, compared to nearly $45 million on the 12th of March. Explaining the scenario, the researcher stated that most of the transactions between the LTH and BlackRock have happened over-the-counter (OTC) in the last two months. This meant that despite a sharp drop in their holdings, LTH didn’t have to deposit their coins to exchanges, unlike the previous bull cycles. However, decreasing inflows to BlackRock suggested that demand was weakening. The researcher noted, “If this is just temporary, then there may not be any issues. However, if it persists, there is a possibility that long-term holders may start depositing Bitcoin into exchanges in the same way as before. If that happens, the likelihood of price dumping increases.” #Write2Erarn
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Analyst Names Key Reason Behind Disastrous Grayscale's Outflows Mar 23 BTCUSD +1.30% LINKUSD +0.66% BTCTUSD +1.22% BTCUSDC +1.51% On March 21, Grayscale's Grayscale Bitcoin Trust (GBTC) recorded another $359 million worth of outflows. GBTC's massive outflows have been the main bearish narrative as of recently. Who's behind the massive outflows? ETF analyst Eric Balchunas believes that the massive uptick in outflows could be related to bankruptcies due to their sheer "size and consistency." Even though there is some speculation about retail investors potentially jumping ship due to declining Bitcoin prices, Balchunas has noted that outflows would have been smaller and more random in such a case. Retail-driven outflows, for instance, were observed in February, according to the analyst. Balchunas has added that the worst might be already over, and retail is extremely unlikely to match these outflows alone. "Takeaway: the worst is prob close to being over. Once it is, only retail will be left and flows should look more like the Feb trickle," he added. A bearish signal? Speaking of the waning inflows recorded by the likes of BlackRock and Fidelity, the expert has acknowledged that they are "low" for their standards. However, it is also important to put things into perspective: last week, for instance, their ETFs experienced "outrageously" high inflows. Earlier this week, Singapore-based cryptocurrency trading firm QCP Capital opined that a net negative for Bitcoin ETF would be a significant bearish signal. Yet, it is worth mentioning that other ETFs are still seeing minor inflows. The largest cryptocurrency is currently struggling to gain a footing above the $66,000 level. #Write2Earn
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Tue, March 19, 2024 Solana (SOL) made a huge comeback in 2023 and into 2024. Most of this hype is on the back of new meme coins, which have caused more investors to buy SOL and swap it for the many meme coins. A few meme coins in particular have become the leaders, particularly Bonk (BONK) and dogwifhat (WIF). However, a new set of meme coins is potentially threatening the incumbents' spots as the top Solana meme coins. Don't Miss: Bitcoin To $100,000? Here’s what gold bug Peter Schiff said could happen on Anthony Pompliano’s podcast. If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019, here’s how much you’d have today. In the past week, a handful of new tokens were launched via a new system called a token presale. The process involves sending tokens to a wallet address, which will then send back new tokens based on the total amount of interest. In this case, users sent SOL to a wallet in exchange for a share of Book of Meme (BOME) tokens. BOME attracted $4 million in initial investment from the presale, a good portion of which belonged to the founder and some of its close peers. However, the token soon skyrocketed from an initial price of $0.00005 on March 14 to a high of $0.0286 on March 16. In total, this equates to a gain of over 57,000%. At its peak, the token had a market cap of over $1.5 billion. To put this into perspective, a $1,000 investment in BOME at launch would have been worth over $570,000 at its peak. One of the largest investors, sundayfunday.sol, is a close friend of the founder. The wallet invested $72,000 in the meme coin and took profits in the order of several million dollars when the position was worth over $30 million. The extreme price appreciation turned some heads. While meme coins have been known to appreciate tens of thousands of percent in a few days, this case raised concerns, specifically as it relates to Binance. #BOME #Write2Erarn
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Ethereum Foundation Under Investigation by 'State Authority' The Ethereum Foundation – the Swiss non-profit organization at the heart of the Ethereum ecosystem – is under investigation by an unnamed "state authority," according to the group's website's. The scope of the investigation and its focus was unknown at press time. According to the GitHub commit dated Feb. 26, 2024, "we have received a voluntary enquiry from a state authority that included a requirement for confidentiality." The Ethereum Foundation did not return a request for comment The investigation comes during a time of change for Ethereum's technology. Ethereum is the second-largest blockchain by market cap after Bitcoin, launching in 2015 following an initial coin offering for the chain's native ETH token. Earlier this month, the chain underwent a major technical upgrade, dubbed Dencun, designed to bring down transaction costs for users of Ethereum-based layer-2 platforms. Meanwhile, in the U.S., investors await an outcome on the prospects of an Ether ETF, which faces a final deadline in late May for some applications. Previously, the Ethereum Foundation's website contained the following disclosure: "The Ethereum Foundation (Stiftung Ethereum) has never been contacted by any agency anywhere in the world in a way which requires that contact not to be disclosed. Stiftung Ethereum will publicly disclose any sort of inquiry from government agencies that falls outside the scope of regular business operations" That footer was removed in the Feb 26, GitHub commit along with the website's warrant canary, according to the changelog. A warrant canary is usually some form of text or visual warning (like a colorful bird, in the case of the Ethereum Foundation), which some companies include on their websites to indicate they've never been served with a secret government subpoena or document request An attorney familiar with the situation said a Swiss regulator may have served a document request to the Ethereum Foundation and may be working with the U.S. Securities and Exchange Commission (SEC)
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