$BTC Market Overview Looks like everyone is sitting on hand | black horse no Binance Square

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$BTC Market Overview
Looks like everyone is sitting on hands here, except bybit flow which still remains highly correlated to price action
Bitfinex shorts continue to close
#BTC

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I want to remember something to you Last cycle when bitcoin was retesting the $67k, almost EVERYBODY was saying, $BTC will reach $100k, there is no doubt about it. "The experts were support convincing with all the graphics and analysis..." But then... #BTC didn't stop going down until $17,5k Lesson? It is good to pay attention to what other people are saying, but you need to build your own criteria. If you are already 10x-20-50x... and Bitcoin already did 2.5x-3x from later ATH... why wouldn't you take profits? Learn to take profits. Here something you might not know, in bull markets almost everybody make money, but very little % of those people preserve wealth. You want to be part of that little percent! Learn to take profits!

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BTC Price Pushes Towards $36K Ahead of 2023's Last Approval Period for Bitcoin ETFs Analysts at Bloomberg predict that if a spot bitcoin ETF is not approved in this period, there’s still a 90% chance for approval by Jan. 10. The Securities and Exchange Commission (SEC) has one last short window, an eight-day period starting Thursday, if it wants to approve all 12 spot bitcoin (BTC) ETF applications this year, Bloomberg Intelligence analysts wrote in a note on Wednesday. Bitcoin traded slightly higher on Wednesday afternoon, staying well past the $35,000 mark ahead of the start of the period. The analysts, Eric Balchunas and James Seyffart, who expect the SEC to ultimately allow all 12 applications to launch their products, wrote that comment periods for seven applicants end on Wednesday, which means that the SEC could issue approval orders starting Thursday, Nov. 9 through Nov. 17. This is the first approval window after Grayscale’s court victory on Oct. 23 to convert its roughly $17 billion Grayscale Bitcoin Trust (GBTC) into a spot ETF.

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In 8 days decision will be coming for BITCOIN SPOT ETF , so whales are pumping the market to grab new comers , buying BTC or any coin in SPOT is always recommended but NO future trades for myself, rest its your money, your proft and so its your choice. #BTCMove #BTCRally #btc $BTC $XRP

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Shiba Inu ($SHIB) Burn Rate Surges Over 14,000% as Marketing Lead Unveils Future Plans. The burn rate of the meme-inspired cryptocurrency Shiba Inu ($SHIB) has lately risen to a stunning 14,380% in the last 24 hours after the project’s marketing team leader outlined an ambitious goal for 2024 and 2025. Lucie remarked in a tweet to her over 100,000 followers on the microblogging platform X (formerly known as Twitter) that the project’s layer-2 scaling solution Shibarium is planned to disseminate decision making around the community, with all tokens set to “have a say” in the protocol. Lucie also stated that the project aims to “avoid the risk of a few dominating decisions” by incorporating all tokens in voting and encouraging active voting involvement. The project’s aims also include fair and transparent governance, as well as creating “the way for long-term, sustainable growth through collective decision-making and active participation.” https://twitter.com/LucieSHIB/status/1721451391149908421

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Proposal To Reduce Cardano Treasury Tax Floated, How Will ADA Prices React? by Dalmas Ngetich There is a proposal to reduce the Cardano treasury tax from the current 20% to the initial 5%. Taking to X, a user @SmaugPool, who claims to be a builder and developer on Cardano, said. However, the proposal must first be passed through the community for voting, the effective treasury tax currently stands at nearly 33%. Accordingly, based on the developer’s estimation, every month, approximately 30 million ADA is added to the treasury, pushing the total to around 1.39 billion as of November 7.

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