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#MarketSentimentToday Bitcoin to Maintain $67,000? Watch This Level Bitcoin fell below $70,000 again last week. In the previous day, BTC fell 0.1% to $69,204. On-chain data shows that the leading cryptocurrency is retesting a key support level and may shortly continue its upward trend. Nearly 2 Million Bitcoin Addresses Bought At This Price Popular crypto commentator Ali Martinez highlighted on X that Bitcoin has found substantial support around its current price levels. Based on IntoTheBlock statistics, this assessment considers the quantity of coins bought at the current price. This graphic shows Bitcoin supply distribution by price range. The chart's dots show the strength of resistance and support zones and the volume of coins bought around each price range. The market intelligence organization said that 1.97 million addresses acquired 965,000 BTC between $67,353 and $69,383. Martinez says the high purchasing activity in this pricing zone has created a major support area. The crypto expert wrote on X about BTC's price range's strength and relevance. Martinez said Bitcoin must maintain the $67,353–$69,383 support zone to “sustain its upward momentum.” Nearly 2 million investors with their cost basis around this support region might double down and purchase additional BTC, which could strengthen the support. BTC might drop below $65,000 if this crucial support area collapses. $1.57 Billion BTC Withdrawn From Centralized Exchanges An on-chain improvement might help maintain Bitcoin above the support threshold. In another X article, Ali Martinez noted rising investor confidence. The crypto researcher said large quantities of BTC left centralized exchanges last week. Glassnode reports 22,647 BTC (almost $1.57 billion) exchanged from crypto exchanges in the last week. The large crypto capital drain from trading platforms shows a change in investor opinion and strategy. It may also indicate new accumulation, with investors unwilling to trust centralized exchanges with their freshly acquired assets. #BTC $BTC {spot}(BTCUSDT)

#MarketSentimentToday

Bitcoin to Maintain $67,000? Watch This Level



Bitcoin fell below $70,000 again last week. In the previous day, BTC fell 0.1% to $69,204.


On-chain data shows that the leading cryptocurrency is retesting a key support level and may shortly continue its upward trend.




Nearly 2 Million Bitcoin Addresses Bought At This Price
Popular crypto commentator Ali Martinez highlighted on X that Bitcoin has found substantial support around its current price levels. Based on IntoTheBlock statistics, this assessment considers the quantity of coins bought at the current price.


This graphic shows Bitcoin supply distribution by price range. The chart's dots show the strength of resistance and support zones and the volume of coins bought around each price range.


The market intelligence organization said that 1.97 million addresses acquired 965,000 BTC between $67,353 and $69,383. Martinez says the high purchasing activity in this pricing zone has created a major support area.


The crypto expert wrote on X about BTC's price range's strength and relevance. Martinez said Bitcoin must maintain the $67,353–$69,383 support zone to “sustain its upward momentum.”


Nearly 2 million investors with their cost basis around this support region might double down and purchase additional BTC, which could strengthen the support. BTC might drop below $65,000 if this crucial support area collapses.


$1.57 Billion BTC Withdrawn From Centralized Exchanges
An on-chain improvement might help maintain Bitcoin above the support threshold. In another X article, Ali Martinez noted rising investor confidence.


The crypto researcher said large quantities of BTC left centralized exchanges last week. Glassnode reports 22,647 BTC (almost $1.57 billion) exchanged from crypto exchanges in the last week.


The large crypto capital drain from trading platforms shows a change in investor opinion and strategy. It may also indicate new accumulation, with investors unwilling to trust centralized exchanges with their freshly acquired assets.

#BTC $BTC

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.
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XRP Whales Withdraw $28 Million from Binance: Bullish Sign? On-chain data reveals XRP whales have made substantial exits from Binance, which may boost the asset's price. XRP Whales Transacted in the Last 24 Hours Whale Alert reports many huge XRP transactions within the previous day. All of these transfers have been whale-sized. Whales are massive investors that may swiftly transfer significant sums around the market, affecting asset prices. The recent 24 hours' actions by these holders might be worth knowing about, even if they don't affect the cryptocurrency. They can at least give insights about these huge investors' emotions. Depending on the whale's aim, this transfer may have implications. Address information may occasionally hint to it, but it's typically hard to tell. Details about this XRP whale transfer are below. The transmitting address was a Binance wallet, whereas the recipient was an unknown wallet. Unknown wallets are independent of centralized platforms and may represent investors' addresses. Coins going from exchanges to unknown wallets are exchange outflows. By withdrawing their coins from these central institutions, investors may retain them for longer, which might boost the price. Binance was engaged in the second whale deal today, another exchange outflow. Binance gave it 30,406,274 XRP ($15 million). Naturally, these two whale outflows may boost cryptocurrencies. But the third and oldest trade of the day wasn't bullish. It was an exchange influx, the opposite transaction. An investor deposited 30,320,000 XRP ($15 million) on Bitstamp. Coin holders send their coins to exchanges to access their services, including selling. Thus, exchange inflows may hurt prices. This enormous influx only cancels out one of the outflows, therefore a net quantity of the asset left exchanges a day ago. #BTC #XRP $XRP
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Reasons Why These Industry Insiders Think Bitcoin's Major Revolution Is About To Happen There has been a lot of analysis and conjecture among traders and investors due to Bitcoin's price being below $70,000 over the last several months. Notable crypto leaders such as Adam Back and Samson Mow have shared their thoughts, providing a bright prognosis for Bitcoin's worth, while the crypto community struggles with the cryptocurrency's dismal performance. Despite Bitcoin's current price stagnation, Jan3 CEO and Bitcoin enthusiast Samson Mow has openly predicted a tremendous jump in Bitcoin's price. Adam Back, a prominent figure in the cryptocurrency sphere with historical ties to Satoshi Nakamoto, the enigmatic creator of Bitcoin, has proposed that the current suppression in Bitcoin prices could be explained by certain market participants desperately seeking liquidity, echoing Mow's optimism. Supporting this view is evidence of active basis trading using Bitcoin as collateral instead of BTC ETFs. Further evidence of underlying demand that might impact market prices is the persistence of buying activity via CME futures. Mow echoed Back's view by pointing out the new traders' increased short position, which he thinks can't continue. According to him, a dramatic price rise might be triggered by large liquidations caused by these short positions. Mow used the analogy of a "compressed coil" to characterize the present price of Bitcoin, saying that it is about to shoot upwards, suggesting a powerful comeback that may shake up the market's temporary stagnation. In a larger sense, the cryptocurrency market is exhibiting cautious fluctuations; for example, Bitcoin's price increased by 0.9% last week, but it has continued to consolidate below the $70,000 level. The cryptocurrency markets, and Bitcoin in particular, are feeling the effects of the shifting investment climate brought about by rate cuts by central banks throughout the globe, such as the European Central Bank and the Bank of Canada. #BTC #bitcoin $BTC
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An astounding 70,000% increase in the burn rate of Shiba Inus (SHIBs): Is It Going to Set Off That Much-Delayed Price Explosion? Surprisingly, the Shiba Inu (SHIB) burn rate has seen a 'astronomical' spike, increasing by more than 68,000% in only one day. The cryptocurrency world is quite interested in this increase since it was recorded by Shibburn, a website that tracks the burning of SHIB tokens. The most recent statistics from Shibburn show that the Shiba Inu community as a whole has been responsible for a dramatic increase in SHIB burns. An astounding 68,316% increase in the burn rate occurred yesterday, when seven wallet addresses burned 7.6 million SHIB tokens. Particularly noteworthy were three transactions originating from these addresses; one wallet, '0x60,' burned around 4.3 million SHIB. This wallet, which processed the biggest single transaction, also had another massive burn, increasing its day total to be over 5 million Shiba Inu. Notably, the second wallet, '0xc6,' also burned 1.5 million SHIB tokens barely an hour earlier, although a lesser quantity than the first. The total amount of Shiba Inu withdrawn from circulation has reached about 410.7 trillion due to the significant rise of burnt tokens; the current circulating supply is 589.2 trillion. There will be little short-term impact on the market price of Shiba Inus, but the long-term goal is to increase prices owing to scarcity caused by their persistent removal from circulation. Market price for SHIB has not kept pace with the excitement in burn metrics, even though there has been a lot of burn activity. The price of SHIB has dropped 0.5% in the last 24 hours, reaching $0.00002325. This decline is a continuation of the general trend of declining prices; SHIB has dropped almost 6% in the last week. The chief social media marketer for the SHIB team, Lucie, discussed the possibility of a SHIB-based exchange-traded fund (ETF) on Elon Musk's X platform earlier today, amid these market actions. #SHIB $SHIB
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💰💰💰This Market Cycle Will Reach $250 for XRP XRP's price might reach three digits, according to a crypto expert. Analyst also said when this price goal would be reached. Crypto expert in an X article predicted that XRP would hit $250 by 2025, marking the bull run's market peak. He predicted that Bitcoin and Ethereum would reach $250,000 and $25,000 in 2025, their market tops. Steingraber has given various reasons why he thinks XRP may soar. He mentioned an XRP ETF as a possible cause of price spikes. He noted that XRP ETF fund issuers would funnel their assets into an institutional liquidity center, giving the crypto coin more use. He thinks an XRP ETF would increase demand for the crypto asset, raising its price during a supply shock. Steingraber also thinks the SEC's case against Ripple has suppressed XRP's price till now. He previously said that XRP's price wasn't rising because fresh money wasn't coming into its ecosystem and that the crypto currency will likely see new money after the SEC's action against Ripple. After the litigation, Steingraber and others predict XRP's price might reach three digits. Crypto expert expected XRP will surge beyond $100 after the case. Even more enthusiastic than Steingraber, the expert predicted XRP reaching $10,000 following the litigation. A crypto expert anticipated XRP will hit three digits, rising 28,900% to $154. Meanwhile, XRP Hits $7.5 Crypto expert says XRP should rise to $7.5 before reaching Steingraber's predictions. He wrote on X that “$7.5 is target number 1.” Egrag explained how this $7.5 move would likely happen. He is certain XRP will break the white triangle and reach $1.5. He expects XRP to reach $7.5 from there. He cautioned that the Fib 1.618 zone around $7.5 is “critical” and likely see a lot of profit-taking, hinting that XRP might collapse dramatically if it hits such heights. If XRP closes above Fib 1.618 weekly, it will be “mid-double digits near Fib 2.414 & 2.618”. #BTC #XRP #Ripple $XRP
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