Watch our video -> https://www.youtube.com/watch?v=HF7XwxLJMV4&t=39s
👇1-14) Markets are bracing for a potential Trump victory, but institutional investors will likely hold off on significant buying until the election outcome is officially confirmed. Betting markets and polls, which have historically underestimated Trump's odds, suggest that a Republican win is almost certain. With both the White House and Senate under GOP control, Trump's policy agenda could be rapidly implemented, driving a surge in risk assets until the reality of higher interest rates begins to weigh on the markets – if he is elected.
👇2-14) Polls are often biased and susceptible to manipulation. While some investors may look to platforms like Polymarket, where a few large players can skew odds, others may trust pollsters that favor the opposite candidate. However, large-scale traders often clearly indicate where the market believes the election will swing. If these market signals are accurate, trades aligned with this sentiment could perform even stronger. Let’s break down which data investors should focus on and what indicators matter for predicting the election outcome.
👇3-14) Watch our Weekly Bitcoin Traders Meeting Video - link in the comments section
#Bitcoin❗
US spot Bitcoin ETFs recently hit a record value of $66 billion, fueled by a six-day streak of inflows that saw over $2 billion flow into these funds.
Leading the charge were ETFs from financial giants like BlackRock, Fidelity, ARK21Shares, and Bitwise.
BlackRock’s iShares Bitcoin Trust (IBIT) alone pulled in $291 million on October 15, marking a significant portion of the inflows
**Ethereum Classic Shows Short-Term Gains Amidst Long-Term Uncertainty**
Ethereum Classic (ETC) has experienced a 3.12% increase against the US Dollar in the last 24 hours, outperforming the broader cryptocurrency market. Despite this short-term gain, the long-term outlook remains uncertain. The coin is trading 6.86% below its predicted price for October 24, 2024, and has shown a 17.41% decline over the past three months.
The market sentiment is currently neutral, with the Fear & Greed index indicating greed. However, this optimism may be misleading as it often precedes market corrections. Investors should exercise caution, given the inherent volatility and unpredictability of the cryptocurrency market.
🚀 **Bitcoin's Bright Future Amid Blockchain Boom!** 🌟
Hey BTC enthusiasts! 🌍 The latest "State of Crypto" report from Andreessen Horowitz (a16z) is out, and it's packed with exciting news for the blockchain space! 📈
In September 2024, blockchain usage hit an all-time high with 220 million addresses interacting at least once, tripling from the end of 2023. While Solana led the pack with 100 million active users, Bitcoin held its ground with 11 million unique users. 💪
Interest in Bitcoin among crypto founders is on the rise, growing to 4.2% from 2.6% last year. This uptick shows a budding enthusiasm for BTC's potential. 🌱
Stay bullish on Bitcoin! 🚀
🚀 Big news in the crypto world! A coalition of U.S. attorneys general, led by Utah AG Sean Reyes, has written to President Biden and Secretary Blinken, urging them to classify the detention of Binance exec Tigran Gambaryan in Nigeria as a hostage situation. 🇺🇸🇳🇬
They argue his detention is unlawful and life-threatening, describing Gambaryan as a hero with an impeccable record. The letter, co-signed by AGs from multiple states, calls for urgent action to prevent setting a bad precedent. Stay tuned for updates on this critical issue! #CryptoNews #Blockchain 🌐
The Simplest Strategy for Trading Crypto (That Actually Works)
There’s a straightforward approach to trading crypto that, while slow, captures consistent profits over time. The key is to avoid making these three critical mistakes:
1. Never buy during an uptrend.
• Be greedy when others are fearful, and fearful when others are greedy.
• Train yourself to buy during dips—make this a habit. Opportunities lie in fear, not FOMO.
2. Never chase trades with heavy bets.
• Pressing your luck or forcing trades will backfire. Stick to your plan.
3. Never go all-in.
• All-in trades are a trap. Markets are full of opportunities, and being fully committed locks you out of better chances. Manage risk and stay flexible.
Six Key Principles for Short-Term Trading
1. High-level consolidation usually leads to a new high.
Similarly, low-level consolidation often leads to a new low. Wait for clarity in direction before making moves.
2. Avoid trading during sideways markets.
Most traders lose money because they can’t resist trading during flat markets. Learn to sit still when the market isn’t moving.
3. Trade with the trend: Buy on red candles, sell on green candles.
• When the daily chart closes red, buy.
• When it closes green, sell.
4. If a downtrend slows, the rebound will also be slow.
• Accelerated drops lead to faster recoveries—watch the pace of price movements.
5. Use the pyramid method for building positions.
• This is the core principle of value investing. Scale in slowly, increasing positions over time as conviction builds.
6. Don’t rush to sell at highs or buy at lows.
• After sharp rallies or crashes, markets usually enter a consolidation phase. Avoid all-in buys or sells during these periods. If the price breaks down from a consolidation, exit immediately. The key is to stay agile and push forward with the trend.
Stick to these principles, and you’ll be one step ahead of most traders. Patience and discipline are your greatest weapons in the market.
2016 and 2020 benchmarks for Bitcoin: "It is progressing very similarly"
In its latest report, blockchain analysis company CryptoQuant compared the current era of Bitcoin to 2016 and 2020.
Will Bitcoin, which has achieved a strong bullish momentum this week, be able to bring its continuation? This is the question in the minds of investors. According to blockchain analysis company CryptoQuant, this probability is high.
Emphasizing that Bitcoin generally performed well in the fourth quarters of the halving years, the company suggested that the current situation is similar to 2016 and 2020. In the report on the subject, the following statements were included:
“It should be noted that Bitcoin is in a period of positive seasonal performance. Bitcoin performs well, especially in the fourth quarters of the halving years. In the halving years in 2012, 2016 and 2020, the price increased by 9, 59 percent and 171 percent, respectively. Bitcoin has performed very similarly in the fourth quarter of 2024 so far to 2016 and 2020.”
Comparison of the Bitcoin chart in 2016 and 2020 with 2024
The report also underlined that the demand for Bitcoin, which has been stagnant since May, has revived. "Bitcoin demand reached its highest level since the end of April, with a monthly increase of 177 thousand BTC last week," the company says. According to CryptoQuant, spot Bitcoin ETF purchases support the increase in demand.
Another data that CryptoQuant draws attention to is that large investors continue to accumulate Bitcoin. In the report, "The total balance of Bitcoin whales continued to increase year-on-year and reached 670 thousand BTC. Moreover, the growth of the assets they hold is above the 365-day moving average, which is a good sign for the prices.”
⚡️Liquid Staking Tokens and the Risk of Depegging During Market Volatility⚡️
Liquid staking tokens (LSTs) offer users the ability to stake their assets while retaining liquidity, but they face the risk of depegging during high market volatility. Depegging occurs when the value of the LST diverges from its underlying asset, such as Ether, which can be caused by fluctuating market conditions. Although arbitrage bots help correct these discrepancies by exploiting price gaps, sustained volatility poses a challenge. As the liquid staking market continues to expand across blockchain ecosystems, ensuring long-term price stability will be critical for its continued growth and reliability.
#MemeCoinTrending #SCRSpotTradingOnBinance #USRetailSalesBoost #TeslaTransferBTC #Therapydogcoin
🚨🚨Bitcoin Nears Breakout as FOMO and Liquidity Build💸💸
Bitcoin is teasing a potential breakout as it edges closer to the crucial $69,000 mark. Analysts suggest that increasing liquidity and market FOMO (fear of missing out) are contributing to Bitcoin’s upward momentum. Traders are keeping a close eye on key levels, as a break above $69K could trigger significant price action.
The growing liquidity has boosted market confidence, and investors are eyeing Bitcoin’s next move. With bullish sentiment rising, the cryptocurrency may be set for another rally, testing previous all-time highs.
#Therapydogcoin #MemeCoinTrending #SCRSpotTradingOnBinance #USRetailSalesBoost #TeslaTransferBTC
**Ethereum Accumulation Addresses Surpass 19 Million ETH, Expected to Exceed 20 Million by Year-End**
As of October 18, 2024, the total amount of Ethereum held in accumulation addresses has surpassed 19 million ETH, nearly doubling from 11.5 million in January 2024. This significant increase is largely attributed to the approval of Ethereum Spot ETFs in early 2024, which has bolstered market confidence and mainstream acceptance.
The regulatory green light has made Ethereum an attractive asset for both institutions and individual investors, positioning it as a cornerstone of future financial systems. With Ethereum currently priced around $4,000, the total value of these accumulation addresses is projected to exceed $80 billion by the end of the year, rivaling some of the world's largest companies.
This trend underscores the growing institutional and retail interest in Ethereum, suggesting a robust and optimistic outlook for the cryptocurrency market.
**Ethereum Accumulation Addresses Surpass 19 Million ETH**
As of October 18, 2024, the total amount of Ethereum held in accumulation addresses has exceeded 19 million ETH, nearly doubling from 11.5 million ETH in January 2024. This significant increase is attributed to the approval of Ethereum Spot ETFs in early 2024, which has bolstered regulatory confidence and mainstream acceptance.
The growing institutional and individual interest suggests Ethereum is becoming a cornerstone of the financial future. With Ethereum currently priced around $4,000, these addresses are expected to hold over 20 million ETH by year-end, valuing them at over $80 billion. This positions Ethereum accumulation addresses among the world's most valuable entities.
Exhilarating momentum is building for $GROK, indicating another promising upward move. Together with other coins like $SNEK, $PORK, and $BONK , this memecoin could soar past its target of $0.025 if Bitcoin continues on its bullish momentum. Together, we could navigate this exciting market phase!
We observed 11x gains in the previous rally.