🚀 YOU WILL LOSE ALL YOUR INVESTMENT! 🚀 Unless You Understand The Psychology of the Crypto Market

Bitcoin hits $69k and the next halving is just 41 days away! 🌙

Experts predict a new bull run peaking in late 2025 - That is 12-18 months from the Halving in April 2024.💰

Ready to ride the wave? I hate to state this but many are still going to f>ck this up.🤷 For real.

Let's break down the psychological phases:

🚀 PHASE 1 - Accumulation 💰
During this phase, crypto Whales and OGs will have bought or be buying at discounted rates, new projects emerge, but skepticism lingers. To be clear, this was more like last year when $BTC was down to $15,000 and there was blood on the streets.

📈 PHASE 2 - Momentum 📈
Here, as we are currently witnessing, prices climb, excitement builds, HODLers rejoice, FOMO kicks in, and altcoins surge.😍👻💵

🚀 PHASE 3 - Euphoria/Excess 🚀
Greed takes over, prices soar daily, mainstream attention, bizarre market behavior, scams alert! For the Noobs, when ever the Bitcoin Fear and Greed Index makes a reading of 90, begin to manage your crypto position. Be SMART or you wont see👀 the crash coming.

⤵️ PHASE 4 - Massive Crash/Long Reeeeed candles😭😭 ⤵️
Here, you will witness a massive downtrend. Prices crash, panic selling, media negativity, Whales and new investors exit, veterans buy the dip. Noobies are left holding the 💰 for another two-three years -- the worst position to be in. DON'T DO THAT!

Tips for Success:
✅ Invest wisely and patiently.
✅ Dollar-cost average.
✅ Take profits on the way up.
✅ Diversify and avoid overexposure.
✅ Be cautious of hype and scams.
✅ Watch for market sentiment changes.
✅ Hedge positions strategically.
✅ Keep cash reserves for opportunities.

The coming months bring excitement, risks, and rewards. Navigate wisely, and you could be on your way to life-changing wealth in this crypto revolution! 🌐💸
#TrendingTopic
#BTC #ETH #sol #SHIB
>CryptoBullRun >Bitcoin <InvestWisely 🌟

Bitcoin Faces Tough September, But "Uptober" Rally Could Be Next: Here's Why

Bitcoin’s price has historically struggled in September, mirroring Wall Street's "September Effect."

This year is no different, with BTC sliding more than 8% so far, worse than its typical 5% decline for the month.

Since 2013, Bitcoin has only closed September in the green three times.

Experts like Jake Ostrovskis, an OTC trader at Wintermute, caution against over-relying on historical trends, emphasizing factors like liquidity, macroeconomics, and market sentiment as better indicators.

Looking ahead, Bitcoin's October performance has been much brighter, with an average 22% gain following September's losses.

Investors are hopeful for another strong “Uptober” as fundamentals improve, including possible Fed rate cuts and growing institutional interest.
#CPI_BTC_Watch #TON #DOGSONBINANCE #BNBChainMemecoins $BTC #BTC

Crypto Whales Scoop Up $227 Million and Arthur Hayes Closes Short Position—Is a Market Rebound Coming?

Crypto whales are making bold moves, seizing the opportunity to buy Bitcoin as its price dips. Recent reports reveal that whales have purchased over $227 million in Bitcoin within the past week, signaling confidence in a market recovery. One whale, known as 36LMb, withdrew nearly $55 million worth of Bitcoin from Binance, leading the pack.

Other whales followed suit, with major players like 1KuPi, bc1qg, and fresh wallet 39xG8, all moving significant amounts of Bitcoin amid a steep 11% drop in its price. This dip, fueled by outflows from U.S. Bitcoin ETFs, pushed Bitcoin down to around $52,550—an ideal entry point for large investors.

Historically, whale buying during market dips often precedes price recoveries. Bitcoin has already rebounded 4% from last week’s low, currently hovering near $55,000.

With notable investors like former BitMEX CEO Arthur Hayes closing their short positions, and economic data hinting at a possible Federal Reserve rate cut, the market appears poised for a potential bounce. The next few weeks could be pivotal for Bitcoin’s trajectory.
#CPI_BTC_Watch #TON #CryptoMarketMoves #BTC #bitcoin $BTC

Bitcoin Analyst Predicts ‘Biggest Bull Run Yet’ as $45K Becomes New BTC Price Floor✨

Bold new analysis suggests Bitcoin may be on the cusp of a historic bull run, with only “final corrections” left before the next two-year rally.

Prominent trader and analyst Michaël van de Poppe foresees a brief dip to $53K before Bitcoin takes off, marking the end of months of frustrating price consolidation. Van de Poppe sees Bitcoin mimicking 2019 patterns, positioning itself for a significant upward break.

“Expect a max of $55.5K on this run before revisiting $53K and then surging upward. Final corrections are in place, and then it’s two years of bull,” Van de Poppe shared on Sept. 7.

As macroeconomic shifts, including possible Federal Reserve rate cuts and increasing global liquidity, align in Bitcoin's favor, Van de Poppe is confident that BTC’s current trajectory mirrors the early stages of the 2019 bull run. With $45K potentially forming the new price floor, he argues that Bitcoin is set for its “biggest bull cycle ever.”

With markets bracing for the Federal Reserve’s key decision on interest rates on Sept. 18, traders are watching closely for signs of a shift in liquidity that could trigger a massive boost for Bitcoin and other risk assets. BTC closed the week near $54K, setting the stage for a high-stakes run into the fall.
#CPI_BTC_Watch #CryptoMarketMoves #TON #BTC #bitcoin $BTC

Economist Predicts 90% Chance of Bitcoin Reaching New All-Time High by March 2025🚀

Crypto expert Timothy Peterson has forecasted a 90% chance that Bitcoin will hit a new all-time high within the next 8 months, by March 2025. The prediction, shared on X, is based on Peterson’s innovative analysis, focusing on Bitcoin’s historical lowest prices, which he refers to as the "Never Look Back Price" (NLB).

Peterson, known for his book Metcalfe’s Law as a Model for Bitcoin’s Value, argues that as Bitcoin's user base grows, its value will rise exponentially. His approach uses a unique “square root time” model to track Bitcoin’s long-term growth, offering a conservative yet confident outlook on Bitcoin’s price potential.

By focusing on Bitcoin’s lowest historical prices, Peterson minimizes speculative risk and overvaluation, providing a more stable, long-term view. He concludes that as long as adoption continues, Bitcoin’s value will keep climbing.
#USDataImpact #TON #BTC #bitcoin #DOGSONBINANCE $BTC

Bitcoin Faces Weekend Drop Below $50K, Warns BitMEX Co-Founder Arthur Hayes

The crypto market has plunged back into "extreme fear" as Bitcoin briefly dipped below $56,000. BitMEX co-founder Arthur Hayes predicts an even steeper decline, suggesting Bitcoin could fall another 12% to below $50,000 over the weekend.

The Crypto Fear & Greed Index, which tracks market sentiment on a scale of 100, dropped to 22 on Sept. 6, marking a sharp decline from the previous day's score of 29. This is the lowest level of sentiment since early August, signaling widespread anxiety among investors.

Bitcoin's price has fallen 2.7% in the last 24 hours, wiping nearly $30 billion from its market value. Hayes took to social media to forecast further declines, stating, "I'm gunning for sub $50K this weekend."

Concerns about a weak U.S. economy, disappointing jobs data, and uncertainty over Federal Reserve policies have contributed to Bitcoin's lackluster performance. The broader crypto market has followed suit, with major coins like Ethereum, Solana, and XRP all posting significant losses.

In total, the market has seen $94 million in liquidations over the past day, with the majority coming from long positions betting on Bitcoin's price rebound.

Please say a word of prayer for Arthur Hayes soul😅!
#USDataImpact #NFPWatch #TON #DOGSONBINANCE #BTC $BTC

Shiba Inu (SHIB) Faces Three-Week Stalemate: No Rally in Sight

Shiba Inu (SHIB) is struggling to break out of its recent consolidation, leaving investors doubtful about a near-term rally. Despite multiple attempts to push higher, SHIB remains stuck, with market conditions weighing heavily on its price.

Investor sentiment around Shiba Inu has turned sharply negative, with bullish hopes fading fast. The weighted sentiment has dipped into negative territory for the first time since late July, signaling growing pessimism among SHIB holders. This lack of confidence could further hinder any potential price rally.

Shiba Inu's Moving Average Convergence Divergence (MACD) indicator has flashed a bearish signal, suggesting the downtrend could last another 23 days. This pattern indicates SHIB may remain stuck in its current range, with little chance of a breakout until late September.

After a failed attempt to break out of its $0.00001462 to $0.00001281 range, SHIB is likely to continue moving sideways for the next three weeks. While a breakout above $0.00001462 could signal recovery, the odds are uncertain given the current market sentiment.

Shiba Inu’s price action remains locked in a tight range, with limited potential for a rally in the near future. Investors will need to wait and see if SHIB can shake off this bearish momentum and stage a comeback later this month.

Don't do any st*p*d! HOLD if you are already in or BTFD! Not financial advice!

#TON #SHIB #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO $SHIB

Bitcoin Faces Further Decline After Failing to Hold $60K: Be Smarter Than 95% of The Market

Bitcoin’s price is on shaky ground after failing to maintain the critical $60,000 level, sparking concerns of a prolonged downturn. Currently trading at $57,862, Bitcoin has dropped 6.85% in the past week, with indicators suggesting the potential for further losses.

Key Signals Point to a Bearish Outlook
Two critical metrics point to further downside for Bitcoin:

1. Puell Multiple: This on-chain indicator, which tracks miner profitability, has risen from 0.65 to 0.77, signaling a potential local top and increasing the likelihood of a continued price drop.

2. In/Out of Money Around Price (IOMAP): Data from IntoTheBlock shows that more Bitcoin was purchased between $58,073 and $66,773 than at lower levels, indicating strong resistance ahead. Without increased buying pressure, Bitcoin could slide to around $54,520.

Technical Analysis: Bearish Pattern Emerges
Bitcoin’s 4-hour chart reveals a descending triangle pattern, typically signaling a continuation of a downtrend. A further drop of 7% could see Bitcoin hitting $54,677. However, if buying pressure increases, Bitcoin could attempt to reclaim the $60,000 mark.

For now, the outlook remains cautious as the market watches for signs of a potential recovery.
#TON #DOGSONBINANCE #TelegramCEO #BNBChainMemecoins #BTC $BTC

Goldman Sachs and Another Top Funds Lead $1.3B Bitcoin ETF Surge in Q2, Reports CoinShares

Goldman Sachs, Capula Management, and Avenir Tech emerged as the top buyers of Bitcoin ETFs in Q2 2024, collectively investing nearly $1.3 billion, according to CoinShares Research.

Bitcoin ETFs, launched in January, have seen explosive growth, with over $15 billion in inflows driven by major financial institutions like Morgan Stanley. Grayscale's Dave LaValle highlighted this massive adoption, calling it unprecedented in the ETF market.

Capula led the way with $470 million in BTC ETF shares, followed by Goldman Sachs with $419 million and Avenir with $388 million. Other notable buyers included Galacia Asset Management and DE Shaw.

Interestingly, nearly half of Avenir's portfolio now consists of BTC funds, while crypto-native hedge fund Digital Currency Group sold $732 million in shares. Hedge funds hold the largest Bitcoin allocations, averaging 2.2%, while adoption remains low among banks and pension funds.

Experts predict that as established wealth managers continue adopting cryptocurrency ETFs, even conservative institutions like pension funds will increase their allocations over time.
#CryptoMarketMoves #MarketDownturn #ETFvsBTC #BTC #bitcoin $BTC

Tron Surges as Stablecoin Powerhouse: Leads Market Share with Explosive Growth in Transfers

Tron has rapidly climbed to become the second-largest blockchain after Ethereum in stablecoin market share.
According to Coin Metrics Network, Tron now holds $61.1 billion in stablecoin supply, capturing 37.9% of the $161.1 billion stablecoin market. This marks a substantial leap from $46.6 billion just a year ago.

While Ethereum still dominates with $89.7 billion in stablecoins (55.7% of the market), Tron’s growth is undeniable. In the past 30 days, Tron’s transfer volume has surged by 5.1% and skyrocketed 158% year-to-date, reaching $58.75 billion. Comparatively, Ethereum and BNB Chain saw year-to-date increases of 103% and 46.5%, while Solana experienced a sharp 75% decline.

On August 15 alone, Tron’s stablecoin transfer volume hit $17.4 billion, far outpacing Solana’s $6.4 billion and BNB Chain’s $1.6 billion on the same day. This figure represents a staggering 222% increase from the same date in 2023.

Beyond stablecoin activity, Tron has seen a significant boost in decentralized finance (DeFi) engagement, with its total value locked (TVL) peaking at $10.55 billion on March 14, 2024, according to DefiLlama. This growth has been accompanied by a 27% increase in daily revenue, reaching $1.5 million on August 16, and a 672% surge in daily volume on Tron-based decentralized apps, jumping from $4.61 million to $35.57 million over the past year.

$TRX , Tron’s native token, has also seen impressive gains, climbing over 80% in the last 12 months to trade at $0.133, although it remains 55% below its January 2018 all-time high of $0.30.

For informational purposes only, not financial advice. Please conduct your own research before making any investment decisions.
#TRX #USDT #Tron #CryptoMarketMoves

74% of Bitcoin Supply Remains Untouched for Over 6 Months, Signaling Strong Long-Term Confidence

According to recent on-chain data, nearly three-quarters of all circulating Bitcoin has stayed in wallets without moving for at least six months. This represents a significant increase from just a week ago, when only 45% of Bitcoin had been inactive for the same period.

The data, sourced from Glassnode’s Hodl Wave chart, highlights a growing trend among long-term investors to hold onto their Bitcoin as a store of value, despite a 21% drop from its all-time high. This reduced movement has led to a tighter supply of Bitcoin available for trading, potentially setting the stage for price increases as demand rises.

However, not all holders are in a strong position. Onchain analyst James Check noted that over 80% of short-term Bitcoin holders, who have held the asset for fewer than 155 days, are currently underwater, having bought at higher prices. If these holders panic and sell, it could trigger further price declines, reminiscent of bearish trends seen in 2018, 2019, and mid-2021.

As market sentiment remains bearish, reflected by a Bitcoin Fear & Greed Index score of 28, Bitcoin prices, which briefly topped $60,000 over the weekend, have fallen back to $58,619 at the time of writing.
#CryptoMarketMoves #BTC #BTC☀ #bitcoin #ETFvsBTC $BTC

ETH Co-founder Vitalik Buterin Registers "dacc.eth": What is Defensive Acceleration?

Ethereum co-founder Vitalik Buterin has secured a new Ethereum Name Service (ENS) domain, "dacc.eth," for 0.187 ETH (around $500) on Aug. 18. The move is tied to his upcoming discussion on "defensive accelerationism" (d/acc) at an X Spaces event on Aug. 22, alongside decentralization advocates Vincent Weisser and Skylar Weaver.

Introduced in Buterin’s blog post "My Techno-Optimism" last November, d/acc proposes a cautious approach to AI development, emphasizing human-AI collaboration over unchecked AI autonomy. This philosophy counters the dominant "effective accelerationism" (e/acc) stance in Silicon Valley, which advocates for rapid, unrestricted technological advancement.

Buterin’s d/acc promotes a balanced, decentralized technological progress that enhances resilience in infrastructure, pandemic preparedness, cyber defense, and misinformation control. It stands as a middle ground between reckless tech acceleration and excessive regulation, aiming for a more democratic and less centralized world.

Interestingly, in response to this concept, memecoin creators have already launched unrelated tokens named DACC, some surging 400% in value.
#CryptoMarketMoves #ETHETFsApproved #ETH #ETHETFS $ETH

Can a Solana ETF Succeed in the US Amidst Significant Daily Issuance and Unlock Schedule?

The recent approval of the first spot Solana exchange-traded fund (ETF) in Brazil has sparked discussions about whether the United States will follow suit. While some are hopeful, many financial experts remain cautious due to concerns about Solana's native token, SOL.

One major concern is the significant daily issuance of SOL tokens. Data from August 11 indicates that over 162,503 SOL tokens, worth about $25 million, are issued daily. These tokens serve as rewards for validators who maintain network security. Critics argue that this high issuance rate could increase selling pressure and destabilize the asset’s long-term value.

Smartestmoney.eth, a prominent critic, questions whether there is enough market demand for SOL given its high emission rate. He highlighted the potential supply overhang of 165,000 daily emissions and questioned who will buy SOL when the supply exceeds demand.

Furthermore, the absence of an ETF could limit institutional interest in Solana, especially when influential figures like Larry Fink are turning towards Ethereum.

A pseudonymous X user, Caramel, raised concerns about Solana’s unlock schedule, noting that 20% of SOL is still locked, with a significant unlock of 7.5 million SOL planned for March 2025. Many worry that venture capitalists might exploit this 2025 unlock to profit at the expense of others.

Robert Mitchnick, BlackRock's digital asset head, expressed skepticism about the viability of a Solana ETF, citing its relatively small market cap compared to BTC and ETH.

Solana's network stability issues: The network has experienced severe downtime incidents and rollbacks, which may deter investors. Solana issuers will need to demonstrate that the network is stable enough to protect investors.

Despite these challenges, some industry players remain optimistic. Asset managers like VanEck and 21Shares have already filed for a Solana ETF in the US. The SEC’s decision is expected by mid-March 2025.
#SolanaUSTD $SOL

Bitcoin Bullish Again: Market Indicator Flips as Price Holds Above $60K

The Bitcoin Bull-bear Market Cycle indicator, which monitors investor sentiment, has flipped to a bullish signal after briefly showing bearish conditions. This shift follows a recent price drop to levels unseen since February, with BTC's price now stabilizing above $60,000.

According to CryptoQuant founder and CEO Ki Young Ju, several Bitcoin on-chain indicators that were near the borderline have turned bullish again. In an August 9 post on X, Ju stated, "Most Bitcoin on-chain cyclical indicators... have now shifted back to signaling a bull market."

Pseudonymous crypto trader PlanB echoed this sentiment, asserting that "Bitcoin is still in a bull market." Ju noted that Bitcoin was only discounted for three days following its fall to $49,751 on August 5, which has been dubbed "Crypto Black Monday." This drop marked Bitcoin's first dip below $50,000 since February. However, Bitcoin recovered to trade above the crucial $60,000 level by August 8, according to CoinMarketCap data, and is currently priced at $60,732.

The bull-bear market cycle indicator had not flashed a bear signal since January 2023, shortly after the FTX collapse. It was not the only metric signaling bearish sentiment; the Crypto Fear & Greed Index also registered an "Extreme Fear" score of 17 on August 6, the lowest since the FTX crash. The index has since rebounded to a "Neutral" reading of 48.

Some traders speculate that the recent price dip might have been a bear trap—a situation where experienced traders sell Bitcoin to temporarily lower its price and trap short-sellers.

Analysts are divided on Bitcoin's next move. While some believe the recent downturn mirrors past trends before bull runs, others remain cautious. Markus Thielen, head of research at 10x Research, suggested on August 7 that Bitcoin prices may need to fall into the low $40,000s to optimally time the next bull market entry.

Ark Invest noted in an August 6 report that BTC's key price supports are at $52,000 and $46,000. Only time will tell.
#BTC $BTC

$ETH ETF Gains Momentum As Data Shows First Positive Weekly Flows Since Launch

For the first time since their launch on July 23, U.S.-based spot Ether exchange-traded funds (ETFs) have reported positive net inflows. According to ETF tracker SoSoValue, these nine newly introduced ETFs experienced net inflows totaling $104.8 million for the week starting August 5.

During this period, the total trading value reached $1.9 billion, increasing the total net assets of these ETFs to $7.3 billion by August 9. This positive inflow occurred despite a significant price drop in Ether (ETH), which has declined by 23% since the beginning of August.

Six of the nine funds reported positive net flows, with BlackRock’s iShares Ethereum Trust leading with $188.4 million. Since its inception, the BlackRock fund has gathered over $900 million in assets and has not experienced a single day of outflows.

Fidelity's Ethereum Fund, its closest competitor, saw $44.65 million in inflows last week, raising its total to $342 million. Other ETFs with positive inflows included Grayscale’s Mini Ethereum Trust ($19.8 million), VanEck Ethereum ETF ($16.6 million), Bitwise Ethereum ETF ($11.7 million), and Franklin Ethereum ETF ($3.7 million).

Meanwhile, 21Shares Core Ethereum ETF and the Invesco Galaxy Ethereum ETF recorded zero net flows for the week. Overall inflows could have been higher if Grayscale’s Ethereum Trust hadn't faced $180 million in outflows during the week.

Despite these gains, Grayscale’s spot Ether ETF, which currently holds $2.3 billion, experienced overall outflows of $406.4 million across all nine funds, according to Farside Investors.

Amid these developments, ETF issuers are keen to launch options products for their spot ETH funds. On August 7, NYSE American proposed a rule change to allow listing and trading options contracts for three ETH ETFs from Grayscale and Bitwise.
#XRPVictory #TONonBinance #ETHETFsApproved #ETH

This ‘Dark Skippy’ Hack Attack Method Threatens Bitcoin Hardware Wallets

Security researchers have identified a new method, called "Dark Skippy," that allows hackers to extract private keys from Bitcoin hardware wallets. This method can be executed with just 2 signed transactions, posing significant risk to users.

The "Dark Skippy" vulnerability affects all hardware wallet models but requires the attacker to deceive the victim into installing malicious firmware. Unlike previous methods requiring many transactions, this new approach works even with minimal blockchain activity and can compromise users who generate seed words on separate devices.

On August 5, Lloyd Fournier, Nick Farrow, and Robin Linus published a disclosure report detailing the vulnerability. The report explains that attackers can program hardware wallet firmware to embed parts of the user's seed words into "low entropy secret nonces." These nonces sign transactions posted to the blockchain.

By analyzing these signatures, attackers can use Pollard's Kangaroo Algorithm - used to solve discrete logarithm problems - to calculate the secret nonces. This algo can reveal a user's full set of seed words from just 2 compromised signatures.

Previous exploits relied on "nonce grinding," a slower method requiring many transactions. Now, "Dark Skippy" is considered a new way to exploit an existing vulnerability.

To mitigate threat, hardware wallet manufacturers should implement security measures like secure boot processes & locked interfaces to prevent malicious firmware. Wallet owners should also consider physical security measures like personal safes or tamper-evident bags or adopt "anti-exfiltration" signing protocols that prevent hardware wallets from producing nonces independently.

Bitcoin wallet vulnerabilities led to significant financial losses in the past. In August 2023, over $900k worth of BTC was stolen due to a flaw in the Libbitcoin explorer library, and in November, Unciphered warned that $2.1 billion in old Bitcoin wallets could be at risk due to a flaw in BitcoinJS wallet software.

Bitcoin Bounce Back Despite Death Cross: Surge in New Addresses Signals Return of Retail Investors

Recent trends indicate a potential resurgence of retail investors in the crypto market, as evidenced by an increase in new Bitcoin addresses. According to market intelligence platform IntoTheBlock, data suggests a renewed interest from retail investors after a prolonged downward trend in new address creation.

Since November 2023, the number of daily new addresses had been decreasing, which was seen as a bearish indicator reflecting reduced participation from new retail investors. However, recent weeks have shown a reversal, with new addresses trending upwards.

Crypto analysis platform Glassnode reports that new Bitcoin addresses reached a low of 203,536 on June 7, 2024. Since the beginning of August, this number has increased, ranging from 286,000 to 337,000.

IntoTheBlock suggests that this shift may indicate renewed interest from retail investors, which could lead to a more balanced market and provide a stronger foundation for the next phase of growth.

Additionally, Bitcoin prices saw a significant drop on August 5, falling to $49,221. However, they quickly rebounded, reaching over $62,000 by August 8, according to CoinGecko. ITC Crypto founder Benjamin Cowen highlighted the possibility of a "death cross," suggesting that the market's stability might depend on Bitcoin maintaining a price above $62,000, similar to its behavior in 2023.
#TONonBinance #XRPVictory #MarketDownturn #BTC #bitcoin $BTC

Bitcoin Whale Activity Surges Amid Market Slump, Indicating Long-term Bullish Outlook?

Recent on-chain data reveals that Bitcoin whale transactions have reached their highest levels in four months during the recent crypto market dip on August 5 and 6. These significant movements are sparking speculation about potential market impacts and the strategies of large holders.

According to Santiment, an on-chain analytics platform, wallets holding between 10 and 1,000 BTC actively accumulated Bitcoin as its price plunged below $50,000. On August 5, Bitcoin dropped approximately 18%, falling from over $60,000 to under $50,000 in a single day, before rebounding to around $57,000.

The data highlights that there were 28,319 Bitcoin transactions worth over $100,000 and 5,738 transactions exceeding $1 million during this period. This spike in activity underscores a pattern of whales taking advantage of price dips to accumulate more Bitcoin.

Ki Young Ju, CEO of CryptoQuant, confirmed the accumulation trend, stating that more than 400,000 BTC moved to permanent holder addresses since early July. Notably, while some older whales sold their holdings between March and June, there is currently no significant selling pressure from these long-term holders.

Bitcoin whales reportedly acquired nearly $23 billion worth of Bitcoin over the past 30 days, with their activity peaking during the market downturn. This behavior suggests confidence in Bitcoin's long-term value, even amidst short-term volatility.

Interestingly, days before the market slump, whales were transferring Bitcoin off exchanges at the highest rate in nine years. This trend indicates a move towards holding rather than trading, which could signal expectations of future price increases.

The surge in whale transactions amid a market dip underscores the strategic behavior of large holders in taking advantage of lower prices. While the market faces uncertainty, these transactions suggest a long-term bullish outlook from those with substantial holdings.
#BTC #bitcoin #XRPVictory #XRP #BTC☀ $BTC

Bitcoin’s Death Cross = Max Pain Looms: Should You Worry?

The cryptocurrency world is buzzing with talk of an impending "death cross" for Bitcoin. As Bitcoin's 50-day simple moving average (SMA) edges closer to crossing below its 200-day SMA, many traders are on high alert. Here's what you need to know about this trend and what it might mean for the future of Bitcoin.

The ominously named death cross occurs when a short-term moving average (50-day SMA) falls below a long-term moving average (200-day SMA). This pattern can signal that short-term momentum is losing steam, causing some traders to worry about potential downturns. Currently, Bitcoin's price is at $56,386, with the 50-day SMA at $62,488 and the 200-day SMA at $61,664.

Despite the fear it generates, a death cross doesn't always spell disaster. Historically, those who remain patient during bearish periods often reap significant rewards. For instance, the last death cross in September 2023 saw Bitcoin's price dip below $25,000, only to surge past $70,000 within six months—a 190% increase.

However, the pattern's reputation still causes concern, particularly among novice traders. With Bitcoin having already dropped 30% between its peak on July 29 and its recent low on August 5, tensions are high.

Experienced traders, however, are less concerned as with each episode of market sell-off they see opportunity.

Investors with leveraged positions or those engaged in day trading often rely on different metrics, such as immediate support and resistance levels. A death cross, or its counterpart, the golden cross, should be considered alongside other indicators and strategies. Weekly charts, for instance, often reveal a bullish trend over longer timeframes, despite shorter-term bearish corrections.

While the death cross may sound alarming, it's essential to avoid decisions based solely on fear, uncertainty, and doubt (FUD). Evaluating a range of indicators and maintaining a cautious approach to short-term volatility is crucial. #BTC $BTC #ETFvsBTC #bitcoin

Not financial advice! For educational purpose only!