Understanding market sentiment can be a powerful tool for investors. Reading the mood of where the market is heading can allow you to capitalise from the changing direction. So, what is market sentiment and how do you trade it?In the short run the market is a voting machine, but in the long run it is a weighing machine,’ – Benjamin Graham, renowned investor regarded as the father of value investing.How do you feel about financial markets – do you think they will rise or fall in the future? If you can answer that question, then you already understand what your personal sentiment is toward financial markets, whether you trade stocks, foreign exchange or another security.Financial markets are fuelled by emotion and this is one of the main reasons investors can find opportunities to trade. Take stocks for example, one of the key reasons share prices do not necessarily match the company’s book value is because investors are reading beyond the fundamentals of the business and pricing in their sentiment, which can be influenced by all manner of things.This shows the importance and impact of sentiment on markets, but also highlights the need to blend it with other measures such as technical analysis or fundamental analysis.Understanding market sentiment is one thing, but trading it is another. Evaluating market sentiment as part of your trading strategy is only worthwhile if you can use it to get ahead of the game and can make trades before the rest of the market. There is a big difference to how the market feels now and how it feels about the future, and only the latter provides investors with a trading opportunity. In simple terms, you have to use market sentiment to identify trends and join the bandwagon before it’s too late and you’re left trading securities as they top or bottom-out.So, how do you track the sentiment toward markets and how do you trade it?What is market sentiment?Market sentiment represents the mood of financial markets and the general feeling among traders, whether they trade foreign exchange, the stock market or anything else. Understanding sentiment allows you to judge whether a market is feeling optimistic or pessimistic about the future of prices of a security, such as a stock or currency, for example.If the market is feeling positive and optimistic about the outlook then this is referred to as bull market, and a pessimistic market that expects prices to fall is referred to as a bear market.Gauging market sentiment, however, is tricky. Attitudes and the outlook of a market are both shaped by anything and everything, therefore investors need to spread a wide net to ensure they are informed as much as possible about the ever-evolving market they trade.In addition, while the majority of the market will lean one way or another, every participant holds their own view on why the market is performing the way it is and where it is heading next. While the opinion of the majority often dictates the overall sentiment toward a market, there are the likes of contrarian investors who bet against the dominating sentiment – when the market is optimistic a contrarian will take a pessimistic view, for example.Market sentiment is demonstrated through price movements of the security in question. If prices are on the rise, then this is indicative of a bullish market. Whereas prices on the decline point toward bearish sentiment.Sentiment will differ depending on the market, and in some cases often correlate with one another. When bullish sentiment starts to surface in one market, bearish sentiment can emerge in another, or vice-versa.Take safe-havens as an example, like gold. When equities are on the decline the price of gold is often on the rise, as investors look to plough their money into a commodity that can hold its value, rather than risking their capital on uncertain stock markets, before reversing when equities pick back-up as money shifts from one to the other. A large part of using market sentiment to trade is being able to read when a market is about to turn, which is where fear and greed come into play.#marketsentiment #binancefeed #BinanceSquare.

Each bitcoin consists of 100,000,000 Satoshi (sats). The #ordinals protocol makes it possible to identify each individual Satoshi and manipulate them with the additional data attached (through a process known as embossing).Ordinals has created another use case for bitcoin that goes beyond simple value transfer, making #Bitcoin NFT tokens a reality.Until recently, #NFT tokens were mainly minted and used on blockchains such as Ethereum, Solana and the BNB smart chain, however, the team in charge of Ordinals believes that non-exchangeable tokens also have their place on the Bitcoin blockchain, therefore, this led to the emergence of the Ordinals project.History has proven that changing part of the Bitcoin code is very difficult. This problem is mainly due to the decentralized network of nodes and developers who do not want to risk the security of the network. As such, Bitcoin NFT tokens have not gained as much traction. However, the growth of the cryptocurrency ecosystem has opened the doors to more innovative minds that consider the creation of NFT tokens for bitcoin as part of the future of web 3.As of February 2023, inscriptions using Ordinals exceeded 100,000, as users put photos, video games and other content on the network. We will see in the following how it works.What are Ordinals for bitcoinThe Ordinals protocol is a system for numbering Satoshi units so that each Satoshi unit is given a serial number and tracked through transactions. Simply put, Ordinals allows users to make individual Satoshi modules unique by attaching additional data to them, this process is known as "engraving".Satoshi-named after the pseudonymous creator of bitcoin Satoshi Nakamoto – is the smallest denomination of bitcoin (BTC). One BTC can be divided into 100,000,000 Satoshi units, which means that each Satoshi is equal to 0.00000001 BTC.Satoshi units are numbered based on the order in which they were minted and transported. The numbering scheme is based on the order of mining of Satoshi units, while the transfer scheme is based on the order of input and output of transactions. Hence the name Ordinals, which means"ordinal numbers".While traditional NFT symbols are similar to ordinal numbers in some ways, there are some key differences between them. NFT tokens are usually created using smart contracts on blockchains such as Ethereum, Solana, and the BNB smart chain, and sometimes, the assets they represent are hosted elsewhere. And, on the contrary, ordinal numbers are engraved directly on individual Satoshi units, which are then embedded in blocks on the Bitcoin blockchain chain. The ordinal numbers are located entirely on the blockchain and do not require a side chain or a separate token. In this sense, the inscriptions of ordinal numbers inherit the simplicity, stability, security and durability of bitcoin itself.Theory of arrangement and inscriptionsIn the context of bitcoin, the ranking theory is a proposed methodology for identifying each Satoshi via a serial number and tracking them in the total inventory of bitcoin, starting from its minting for the first time and up to the expiration of its transaction life. This process is referred to as "engraving". Thus, the inscriptions of ordinal numbers are digital assets, similar to NFT symbols, inscribed on Satoshi in the Bitcoin network. This process was made possible thanks to the taproot upgrade, which was launched on November 14, 2021. For this reason, the inscriptions of ordinal numbers do not require a side chain or a separate token.Since the theory of order allows tracking and transferring individual Satoshi units, it made it possible to collect them. Based on the total stock of bitcoin, the following ranks were determined to denote the scarcity of various Satoshi units:Rumor: any Satoshi other than the first Satoshi of its own mass (total inventory is 2.1 quadrillion).Uncommon: the first Satoshi of each block (total inventory 6,929,999).Rare: the first Satoshi of each difficulty adjustment period (total inventory 3,437).Epic: the first Satoshi after each halving (Total Stock 32).Legendary: the first Satoshi of each cycle* (total inventory 5).Fairy: the first Satoshi from the genesis block (total inventory 1).The cycle represents the period between the conjugations that occur when the halving and the difficulty adjustment coincide. Theoretically, this happens every 6 halves, but the first pairing has not yet happened (it is expected in 2032).Advantages and disadvantages of Ordinals Ordinals has created another use case for the Bitcoin network that goes beyond simple value transfer. However, the Ordinals protocol has been met with controversy because it raises a fundamental problem among members of the bitcoin community. On the one hand, there is a category that believes that the relative simplicity of bitcoin should be preserved in its restrictions on the storage and transfer of value, and on the other hand, there is a category that believes that bitcoin should evolve to include new features and use cases.Patterned Satoshi units are now competing for block space with regular BTC transactions, increasing network fees. This has caused some controversy in the bitcoin community, but some Ordinals supporters argue that this could be positive as the fees represent a crucial incentive for miners to secure the blockchain. And in the future, as block rewards dwindle over time, network fees will become the primary incentive for allocating the hash power of bitcoin. It seems that the cryptocurrency community is divided on the topic, but the project certainly brought innovation to the bitcoin sphere.Final thoughtsOrdinals is changing the world of blockchain art by providing a completely new way to store information for bitcoin transactions. It adds an additional benefit and has led to an increase in the number of non-zero bitcoin addresses to an all-time high. We are witnessing a unique moment in the history of bitcoin, where innovation generates network activity that goes beyond the typical use cases of investment and cash transfer. Does this mean that Ordinals will continue to grow Not necessarily. We'll have to wait and see.What is Taproot and how will bitcoin benefitTaproot is an upgrade to the Bitcoin network, implemented on November 14, 2021. In addition to Schnorr's signatures, Taproot is one of the most important and highly anticipated technological upgrades for bitcoin since the introduction of SegWit. Taproot's goal is to change the way bitcoin scripts work to improve privacy, scalability, and security. These and many other advantages will be achieved by combining Taproot and The Associated promotion called Schnorr signatures.Anyone familiar with the cryptocurrency community knows that privacy, scalability and security are the main concerns. While bitcoin is the most popular digital currency in the world, these problems still need to be solved. The taproot upgrade aims to achieve this solution.Bitcoin has experienced ups and downs, but it has proven to be the anchor that maintains the status of digital currencies. Regardless of the problems that have arisen over the years, such as the Mt Gox hack. Or the notorious bitcoin chain splits, the cryptocurrency community has supported bitcoin.But there are some problems that cannot be overlooked – the biggest one is the problem of privacy. Since bitcoin represents a public blockchain, anyone can monitor the transactions taking place on the network. This is a major concern for some.It is possible to increase your anonymity through techniques such as currency blending and coinjoins. But, unfortunately, none of these technologies make bitcoin a special currency. While this does not apply to the taproot upgrade, it may help increase anonymity on the network. The taproot upgrade was widely anticipated as a major first step towards solving bitcoin's lack of privacy and other related concerns. On November 14, 2021, Taproot was activated on the Bitcoin network after approval from miners around the world. #ordinals #BinanceSquare. #Binancefeed

The #Binance platform is rich in definition. It is the number one centralized platform in the world of cryptocurrencies.Binance is a company founded by the famous Chinese cryptocurrency billionaire zhenagping Zhao CZ in 2017. The platform received an initial funding of USD 15 million when the BNB coins were put up for initial sale and the platform did not receive any further funding after this initial funding. Binance has quickly managed to rise to the top of the cryptocurrency market, becoming the world's No. 1 platform for trading various currencies and undisputed. Currently, the company has many branches around the world and is licensed in the United States. But there is no main branch of the company yet. Although the company has recently established its own branch in the UAE, it is considered the main branch of the Middle East operations only. According to CZ, the founder of the company, Binance is a decentralized company operating in the digital currency market. Decentralization is the first sign that characterizes the cryptocurrency market and therefore CZ wants to adhere to it and give the company a decentralized spirit in line with the crypto market. What is the size of the platform Is Binance a great platform?The Binance platform is the largest cryptocurrency trading platform in the world. It is ahead of other platforms by huge strides. On CoinGecko CoinGecko you can notice the huge difference between the Binance platform and the next one. In the midst of the current bear market and after the many crises that the market has gone through, the daily trading volume of the platform is still estimated at 11 billion dollars. And this figure is about 10 billion dollars more than the next one! Also, the peak trading volume in the bull market for 2021 has reached 76 billion dollars in one day. This is in addition to the fact that BNB, the main currency of the blockchain Binance and the official currency on the Binance platform, currently has a market value of 48 billion dollars. All these figures put the Binance platform in the undisputed and unrivaled lead. Even before the fall of the FTX platform, Binance was much larger than it, although it was the rival platform of Binance. Why everyone trusts Binance platform? There are many reasons why the Binance platform has won the trust of everyone, but on top of these reasons comes CZ, the founder of the platform. Many cryptocurrency enthusiasts consider CZ to be the godfather of this field. FCZ has been present in the world of cryptocurrencies since approximately 2015 when he bought bitcoin bitcoins. The platform has also experienced a lot of difficulties and passed through it peacefully. CZ is always present on Twitter through his tweets and interactions with cryptocurrency users on Twitter. This shows the extent to which CZ is always in touch with reality, aware of customer problems and constantly striving to solve those problems. This is the most important reason why people trust the Binance platform. Binance platform is the number one utility platformThe main reason why many turn to cryptocurrency platforms and to the world of cryptocurrencies is utility. These people are looking for the cheapest and fastest secure way to move their money across continents easily and conveniently. In addition to this, the platform offers a package of various services.Support different trading options Whether you want instant Spot trading or futures and derivatives trading, the Binance platform supports you. The platform is also characterized by low trading costsDifferent blockchain networks You can transfer your digital currencies to the platform via various networks. The platform supports the Lightning Network Bitcoin Lightning Network and of course supports the Ethereum Ethereum network ERC-20. This is in addition to platform-specific networks such as BEP-20 and BEP-2. The platform also supports the Avalanche, Solana and cardano network. Finally, it supports some second-layer solutions such as Polygon and Optimism. This means that the Binance platform for the user is like a networking forum on which currencies can be easily converted and then choose the network through which currencies are sent to others or to encrypted wallets. And the availability of the platform for this number of networks made it a convenient solution for many companies in Web3 to pay employee salaries! A lot of crypto companies pay employees with digital currencies or stablecoins and the Binance platform is very suitable for this.  Also, internal transfers on the platform are free, without any fees and instant! Making the platform available for different currencies  One of the most important services offered by the platform is the possibility of the platform accepting regular cash currencies such as USD, GBP, EURO and AED. Many people suffer when they want to convert their digital currencies into cash, especially those who receive their salary as digital currencies. But on the Binance platform, some of the BTC, ETH, BNB, USDT or BUSD can be easily converted into euros or AED with the utmost ease. And this is due to the flexibility and massiveness of the platform. The platform also supports a lot of money withdrawal options, for each currency there are a lot of different options through which you can withdraw money. The opposite is also true, you can easily deposit money on the platform. Binance educational academy Binance educational academy is also constantly expanding. The platform has the largest educational academy in the world of cryptocurrencies. And on them you can learn about various terms of the cryptocurrency market. This academy is available in many languages, including Arabic, and new articles and translations in Arabic are always being added! Currently, you can earn some digital currencies on Binance through learn and earn. This is an initiative of Binance in order to increase the educational level of web 3 users so that they do not object to fraud and fraud. Investing via the Binance platform The platform also offers a lot of options for investing through it, whether by Staking Staking or through yield farming yield farming or DeFi decentralized finance and others. Investing through Flexible savings Currencies stored on the platform can be placed in flexible savings for an annual return of up to 5% or 6%. This yield in the bull market sometimes reaches 10% on stablecoins stablecoins combined with the dollar rate! The current position of the Binance platform Currently, the Binance platform is firmly leading the world of digital currencies. She is indisputably the first winner of investor confidence in this market. Currently, the platform is expanding through partnerships with various projects in the world of cryptocurrencies. The platform has also doubled the size of its staff since last year to the present time. In addition, the platform has announced the reserve for the platform. CZ decided to do this after the FTX crisis occurred in November 2022. As a result, Binance was the first of the central platforms to announce its reserve. The advertiser was enough to gain customers ' trust in the platform, unlike some other platforms.Disclaimer of liabilityAll information posted on our website is displayed on a bona fide basis and for general information purposes only. Therefore, any action, action or decision made by the reader in accordance with this information assumes his responsibility and its consequences exclusively individually and the site does not bear any legal responsibility for such decisions. At the Learn website, our first goal is to provide high-level information. We provide educational content with the right selection, research and innovation to ensure that we provide everything that is useful and interesting to our readers. And to maintain this level and continue to make great, interesting and useful content, our partners may reward us with a commission for mentioning them in our articles. However, we would like to emphasize that these commissions do not in any way affect our integrity in creating honest and useful neutral content for our dear readers without bias or preference at all.#WhaleAlert #AVAX #PYTH #BinanceSquare.

With U.S. regulatory approval of a spot bitcoin (BTC) ETF now nearly universally expected perhaps as soon as January 2024, Bitwise Asset Management on Monday unveiled what appears to be the first advertising for the new vehicles."You know what's interesting these days," reads Jonathan Goldsmith, the actor best known as the "Most Interesting Man in the World" from numerous Dos Equis beer advertising campaigns. "Bitcoin."Bitwise is among numerous firms awaiting approval from the U.S. Securities and Exchange Commission (SEC) for launching a spot bitcoin ETF. Unlike larger players like BlackRock, Bitwise has been offering crypto ETF products for several years, a point the ad makes clear at the end, saying "ETFs backed by crypto specialists."Among Bitwise's current offerings are the Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP) and the Bitwise Bitcoin Strategy Optimum Roll ETF (BITC), both of which are futures-based products.Law Offers Fast-Track Citizenship for Bitcoin Donations to El Salvador, Report SaysUnder El Salvador’s recently approved immigration reform law, foreigners who donate to the government’s social and economic development programs will be eligible for expedited citizenship. However, the reform law does not reveal the amount of bitcoins that foreigners must donate to become eligible for expedited citizenship.El Salvador’s Successful Bitcoin BetAccording to reports, El Salvador’s legislature recently passed an immigration law that promises an expedited path to citizenship for foreigners who donate bitcoin (BTC) to the country’s social and economic development programs. The law, which was approved on Dec. 20, has the backing of President Nayib Bukele’s New Ideas party.Following bitcoin’s recent surge, which has seen the top crypto asset breach the $44,000 market, Bukele and his party have been touting El Salvador’s successful bitcoin bet. For instance, on Dec. 4, Bitcoin.com News reported that the value of the country’s bitcoin holdings was exceeding the initial outlay by more than $3 million. Another report revealed that El Salvador is now on course to launch in Q1 of 2024.The approved reform law is set to come into force in the coming days, according to a Reuters report. The reform law states that “altruistic foreigners interested in supporting the economic, social and cultural development of El Salvador…by donating bitcoin” will be eligible for expedited citizenship. However, the reform law does not reveal the amount of bitcoins that foreigners must donate to become eligible for expedited citizenship.It states that those who meet the donation threshold will be exempted from the five-year naturalization process of permanent residence that normally applies to applicants from non-Spanish-speaking countries. On September 7, 2021, El Salvador became the first nation globally to adopt bitcoin as legal tender.$BTC #BitcoinETF #Binancefeed #BinanceSquare.