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⛔⛔ How safe is Binance futures⛔⛔

#Write2Earn! #BinanceFutureTrading #RISK_MANAGE

Investing in Binance Futures, like any form of trading, carries a significant level of risk. Here are some factors to consider:

I) Market Volatility: Cryptocurrency markets are highly volatile, which means prices can swing dramatically in short periods. This volatility can result in substantial gains but also significant losses.

II) Leverage Risk: Binance Futures allows for high leverage, which can amplify both gains and losses. While leverage can increase potential returns, it also increases the potential for significant losses, possibly beyond your initial investment.

III) Regulatory Risks: The regulatory environment for cryptocurrencies is constantly evolving. Regulatory changes can impact the value of cryptocurrencies and the operations of platforms like Binance.

IV) Platform Risk: The security of the platform is crucial. While Binance has robust security measures, no platform is entirely immune to hacks or other security breaches.

V) Knowledge and Experience: Trading futures requires a solid understanding of the market and trading strategies. It's crucial to have a good grasp of how futures contracts work and the associated risks before investing.

It's essential to do thorough research, understand the risks, and consider your risk tolerance before investing in Binance Futures or any similar financial product. Consulting with a financial advisor is also a wise step to ensure that your investment decisions align with your financial goals and risk appetite.

⛔⛔planned dumping explained⛔⛔

A "planned dump" in the context of cryptocurrency refers to a coordinated effort by a group of individuals or entities to sell a significant amount of a particular cryptocurrency at the same time. This can lead to a sudden drop in the price of that cryptocurrency. Planned dumps are often orchestrated by groups looking to manipulate the market for profit, taking advantage of the resulting panic and price volatility.

These activities are typically considered unethical and can be illegal, as they manipulate the market and harm other investors. Such schemes can be part of larger manipulative practices like "pump and dump," where the price of a cryptocurrency is artificially inflated (pumped) before a planned sell-off (dump).

⛔⛔The reason for the decline in Bitcoin and altcoins has been revealed

Cryptocurrencies, especially #BTC continue with declines into the new week. The number one cryptocurrency retreated to $ 64,782 today. Yesterday, the price was over 71 thousand dollars. Why did Bitcoin fall?
The main reason for the decline in Bitcoin is related to Fed expectations. Yesterday, the US ISM manufacturing index exceeded forecasts and was 50.3 in March, up 2.5 points from the previous month. Thus, the manufacturing index experienced growth for the first time after a Dec of 1.5 years.
The strong ISM data has raised expectations that the American central bank may refrain from cutting rates in June. The yield on 10-year U.S. Treasury bonds also rose to 4.4 percent, reaching its highest level since November 2023.
Expectations about the Fed's monetary policy this year have changed in the market. The probability of a rate cut in June has fallen below 50 percent.
The resulting picture caused an escape from risky assets.
On the other hand, investments in spot Bitcoin ETFs have also decreased. Yesterday, ETFs posted a deficit of $ 85 million. The improvement seen in ETF investments last week has been replaced by outflows. The $300 million sale seen in the Grayscale ETF has also put pressure on the Bitcoin price.
Markets are now focused on Fed chairman Powell's statements to be made tomorrow and the PMI data to be reported for the non-manufacturing sector.
#Memecoins #BTC

⛔Message from Binance⛔

Fellow Binancians, 

Binance will perform a conversion of the below tokens to USDT based on users’ holdings in their Binance wallets at the snapshot time of 2024-04-21 00:00 (UTC). The conversion will be completed and an equivalent amount of USDT will be credited to users’ Binance wallets by 2024-10-20 23:59 (UTC). 

Users may withdraw the airdropped/delisted tokens as shown below before 2024-04-20 23:59 (UTC), after which withdrawals will become unavailable.

List of Impacted Tokens:

Moeda Loyalty Points (MDA)
Helium (HNT)
Mithril (MITH)
DFI.Money (YFII)
Mirror Protocol (MIR)
Venus Reward Token (VRT)
TokenClub (TCT)
Augur (REP)
EasyFi (EZ)
Swerve (SWRV)
Boba Network (BOBA)
Serum (SRM)
Raiden Network Token (RDN)
Cobak Token (CBK)
OnX Finance (ONX)

The conversion will be executed on the basis of the average token to USDT exchange rate between 2024-04-21 00:00 (UTC) and 2024-10-20 23:59 (UTC) (hereinafter referred to as “Conversion Period”). Please note that Binance will send a separate email to all impacted users when the conversion of the aforementioned tokens to USDT is complete. 
More information on the average exchange rates during the Conversion Period will also be provided in the email.

Notes:

All users who hold any of the above tokens in their Binance wallets will receive an email notification by 2024-04-08 23:59 (UTC). 
Deposits of any of the above tokens are no longer supported, and will not be credited to users’ accounts. 
Withdrawals of the above tokens from Binance will be supported until 2024-04-20 23:59 (UTC), subject to network conditions and availability. After this date, withdrawals of the above tokens will no longer be supported, and users won't be able to transfer any of the above tokens from their Binance accounts to any external wallets. 
The conversion of the above tokens to USDT will be completed by 2024-10-20 23:59 (UTC), and it applies to user holdings in any Binance wallets. During the Conversion Period, users will not be able to view the above tokens in their Binance wallets.

#BinanceTeam

⛔⛔WARNING: PREPARE FOR A FURTHER DOWNTURN ⛔⛔

#btcdownfall #SOLdownfall

On April 2, Bitcoin and numerous other cryptocurrencies witnessed substantial declines. Bitcoin's price dropped from around $70,000 to $66,000, with many altcoins also experiencing losses. These abrupt declines signal shifts in market dynamics and offer investors an opportunity to monitor significant price movements.
With only 17 days remaining until the $BTC #halving, anticipation within the community is heightened, hinting at imminent changes. During this period, there's a pervasive curiosity regarding Bitcoin's reaction and potential market movements. However, due to the unpredictable nature of crypto markets, making definitive predictions proves challenging.
As the Halving event approaches, some may feel apprehensive. One suggestion posits a market correction post-Halving as many seek to realize profits. Nevertheless, following this correction, a market upturn could ensue. Currently, no sales recommendations are provided; however, it's believed that significant gains could be attained by purchasing at lower prices post-correction. Throughout this process, closely monitoring market dynamics and the Halving's effects remains crucial.
#Memecoins #SHIB #sui

#BullorBear #BTC

$390 Million Liquidated in Crypto Markets As Bitcoin Risks Plunging Below $60,000.

Bitcoin’s price took a nosedive early on Tuesday, plummeting 7% to a low of $65,547. This sharp decline came after relative stability, with the cryptocurrency trading in the $70,000 range for the past week. The sudden crash resulted in the liquidation of roughly $395 million in the crypto market, according to data from Coinglass.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, was not immune to the turmoil, falling by roughly 5% to $3,325. This drop has raised concerns among investors, with analyst Ali Martinez warning that Ether’s inability to hold above $3,460 could lead to a further correction down to $2,850 or lower.
The sudden market volatility has also sparked a flurry of analysis and predictions from other players in the field. Experts from onchain analytics firm Checkonchain weighed in on the current market conditions, tweeting that the classic Bitcoin MVRV Ratio is in a “heated but not yet overcooked” state. This indicates that the average Bitcoin holder is holding a decent unrealized profit multiple. This suggests that spending may increase, which, despite potentially pushing prices lower, could contribute to the cryptocurrency’s growth.
“A few of these folks have actually started taking profit, with the $73k peak aligning exactly with a cycle high-Profit event of +352k $BTC Profit taking is a normal part of Bitcoin bulls, but it is a key factor in establishing resistance at local tops,” the experts said.

Julio Moreno, Head of Research at Cryptoquant, also shared his insights, noting that Bitcoin’s price upward momentum may be slowing down, as shown by declining unrealized profit margins. However, the pundit emphasized that retail investors continue to aggressively buy the Bitcoin price dips, indicating a strong demand for the cryptocurrency.
Elsewhere, in a YT video, renowned Bitcoin analyst PlanB made a bold prediction, forecasting that Bitcoin will reach $100,000 this year and potentially soar higher.

$BTC #crypto
Urgent UPDATE for BTC and all ALT Coins
As I predicted earlier today BTC went up to liquidate and clear the liquidity at $69920-$70100 and has fallen back to retest it's previous low just below $69000.
If BTC should close the 4 hour chart (around 1 hour from now) below 69,000 then it's confirmation of bearish signal.
With this sign it is recommended to trade shorts only or take profit as soon as possible at any level above $69000-$74000.
A close below $69000 is confirmation that bears are now in charge of the market. In such situation, price may spring up to attempt a recovery but it will definitely go down again as smart traders take profit or close long positions to safeguard their money.
Note that meme alt coins will bleed the hardest during this temporary bear phase. So trade wisely and avoid using excessive leverage for futures trading.
I provide insights on trading psychology and tips to guide you on trading. Please do your own research and don't take my post as financial advice.
Thank you.
#Write2Earrn #BullorBear #TrendingPredictions #Memecoins