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In last $BTC update we mentioned $67K and 65K for buying zoons. We are still stick with these buying zones. Just buy 30% at 67K and 50% at 65K after buying wait for pump nothing else. That's our plan for next week.
I called in above video for buying at mentioned level. Still stick to that point but but but remain connected may we need to cancel at any time depending on market condition. Next 48 hours are very important.
#USElections2024Countdown #TetherAEDLaunch #BTCMiningRevenue #NovemberMarketAnalysis #MU_Traders
I called in above video for buying at mentioned level. Still stick to that point but but but remain connected may we need to cancel at any time depending on market condition. Next 48 hours are very important.
#USElections2024Countdown #TetherAEDLaunch #BTCMiningRevenue #NovemberMarketAnalysis #MU_Traders
Alhamdulillah 😍😍
As expected $BTC touched 73,600 area and got rejected from 6
71,200 according to last update. We are waiting for $67K area to start buying. But here are some changes in plan. Read full post for better understanding. Don't forget to like post.
According to technical analysis #BTC☀ is currently taking a correction. Local support is present around 67K. Main support is at 65K. We can see some bounce but wait for main support for buying. We can see BTC around 65K with next two days. After that there is USA election. If Kamala Haris wins we will see huge selling that can led market to 60K or 55K area. But if Trump win then we will see 70K area again. Here is more explanation:-
If you are following us from long time then you know we sold around 73K and waiting for dip to buy. Here is our planning how we will enter in market? We will buy with 30% portfolio around 67K and with 50% portfolio around 65K and keep 20% for unexpected situations. Must use proper s.l to stay safe. Most probably is that Trump win and we see bullish momentum. Once see good profits start selling partially. Also we are expecting 0.25% rate cut on 6th Nov so we will also book profits if market pump.
So, at the moment buy 30% around 67K , 50% around 65K after buying set s.l and wait for market pump. Once e.p hit we will analyze market again and update you.
If you find this post helpful then don't forget to like post and follow @MU_Traders for more updates.
#MU_Traders #BTCMiningRevenue #NovCryptoOutlook
As expected $BTC touched 73,600 area and got rejected from 6
71,200 according to last update. We are waiting for $67K area to start buying. But here are some changes in plan. Read full post for better understanding. Don't forget to like post.
According to technical analysis #BTC☀ is currently taking a correction. Local support is present around 67K. Main support is at 65K. We can see some bounce but wait for main support for buying. We can see BTC around 65K with next two days. After that there is USA election. If Kamala Haris wins we will see huge selling that can led market to 60K or 55K area. But if Trump win then we will see 70K area again. Here is more explanation:-
If you are following us from long time then you know we sold around 73K and waiting for dip to buy. Here is our planning how we will enter in market? We will buy with 30% portfolio around 67K and with 50% portfolio around 65K and keep 20% for unexpected situations. Must use proper s.l to stay safe. Most probably is that Trump win and we see bullish momentum. Once see good profits start selling partially. Also we are expecting 0.25% rate cut on 6th Nov so we will also book profits if market pump.
So, at the moment buy 30% around 67K , 50% around 65K after buying set s.l and wait for market pump. Once e.p hit we will analyze market again and update you.
If you find this post helpful then don't forget to like post and follow @MU_Traders for more updates.
#MU_Traders #BTCMiningRevenue #NovCryptoOutlook
الحمد الله ❤️
Happiest 🥰 moment for today ☺️
Received Creator Of The Year Award From @Binance Square Official 🥹. I am unable to explain happiness in words. Thanks to all who supported , voted till today . It is just power of strong community .
Thanks to @Richard Teng & @CZ for providing such an amazing platform 💟.
#MU_Traders
Happiest 🥰 moment for today ☺️
Received Creator Of The Year Award From @Binance Square Official 🥹. I am unable to explain happiness in words. Thanks to all who supported , voted till today . It is just power of strong community .
Thanks to @Richard Teng & @CZ for providing such an amazing platform 💟.
#MU_Traders
How to detect a Fakeout and Breakout ⁉️
To detect fake out and break out is very simple. But also note this strategy accuracy varies from 70% - 90%. Here are simple Steps to follow to detect a Fakeout:
First of all all you need is Volume indicator , Price movement and Open interest. Some of you may not know what is open interest let's first know it:-
Open Interest :-
Open interest term is used to detect either number of traders is increasing or decreasing. As volume tell us amount for trading is increasing or decreasing same like it open interest tell us either number of trader is increasing or decreasing.
There are 4 senerios:-
Open Interest going up , Volume going up but price is falling Open Interest going up, volume going up and price is also rising.Open Interest going down volume going down price is going downOpen Interest going down volume going down price is going up
Let's explain all of them how to use them to detect fakeout.
Volume, Price & Open Interest Going Up
In this case if price is going up, Open Interest also going up and also volume going up then it will indicate that price is getting momentum and if price breakout then it will show that it is clear and valid breakout here is reason why?
The reason is very simple that open interest rising mean number of trader is increasing, volume increasing mean money is rotating activity is increasing and price is also showing strength that reflect strength of buyers. People who are entering in market that we detect with open interest are buyers price showed it they also have sufficient funds volume indicate this point.
In simple words open interest, volume and price moving up indicate that if price breakout then it will be considered as clear and valid breakout.
Open Interest Going Up , Volume Going Up But Price Is Falling
In this case it will indicate price will go more down if price break support. Reason is very simple that open interest and volume rising means number of traders and their trades are increasing falling price will hint that they are sellers mean price will go down.
Open Interest Going Down Volume Going Down Price Is Going Up
This senerio will indicate that if price breakout then it will be a Fakeout. Reason is that number of traders and activity is decreasing then how and why price is moving up. So, we will consider it as a fakeout if price break resistance.
Open Interest Going Down Volume Going Down Price Is Going Down
In this Senerio if price break support then it will indicate a fake breakout bcz when number of traders is decreasing and there activity also then it will show that sellers are decreasing and price soon will rise. Breaking of support will be a trap 🪤.
If you find this article helpful then like it and share with your friends. Follow @MU_Traders for more updates.
#MU_Traders #CryptoAMA #16thBTCWhitePaperAnniv #NovCryptoOutlook #29thBNBBurn $BTC $BNB
First of all all you need is Volume indicator , Price movement and Open interest. Some of you may not know what is open interest let's first know it:-
Open Interest :-
Open interest term is used to detect either number of traders is increasing or decreasing. As volume tell us amount for trading is increasing or decreasing same like it open interest tell us either number of trader is increasing or decreasing.
There are 4 senerios:-
Open Interest going up , Volume going up but price is falling Open Interest going up, volume going up and price is also rising.Open Interest going down volume going down price is going downOpen Interest going down volume going down price is going up
Let's explain all of them how to use them to detect fakeout.
Volume, Price & Open Interest Going Up
In this case if price is going up, Open Interest also going up and also volume going up then it will indicate that price is getting momentum and if price breakout then it will show that it is clear and valid breakout here is reason why?
The reason is very simple that open interest rising mean number of trader is increasing, volume increasing mean money is rotating activity is increasing and price is also showing strength that reflect strength of buyers. People who are entering in market that we detect with open interest are buyers price showed it they also have sufficient funds volume indicate this point.
In simple words open interest, volume and price moving up indicate that if price breakout then it will be considered as clear and valid breakout.
Open Interest Going Up , Volume Going Up But Price Is Falling
In this case it will indicate price will go more down if price break support. Reason is very simple that open interest and volume rising means number of traders and their trades are increasing falling price will hint that they are sellers mean price will go down.
Open Interest Going Down Volume Going Down Price Is Going Up
This senerio will indicate that if price breakout then it will be a Fakeout. Reason is that number of traders and activity is decreasing then how and why price is moving up. So, we will consider it as a fakeout if price break resistance.
Open Interest Going Down Volume Going Down Price Is Going Down
In this Senerio if price break support then it will indicate a fake breakout bcz when number of traders is decreasing and there activity also then it will show that sellers are decreasing and price soon will rise. Breaking of support will be a trap 🪤.
If you find this article helpful then like it and share with your friends. Follow @MU_Traders for more updates.
#MU_Traders #CryptoAMA #16thBTCWhitePaperAnniv #NovCryptoOutlook #29thBNBBurn $BTC $BNB
Yesterday we posted a poll will you join our spot copy trading service if we start it. 146 people voted "Yes". After seeing this response we have decided to resume copy trading service . Here are further details how to copy :-
Note : Copy trading service will be available at 01 NOV 2024 00:00 UTC and onward . To copy follow these steps :
1. Open @MU_Traders profile .
2. Click on Copy Trading option as shown in below image (Available after 01 Nov 2024 00:00 UTC.
3. Enter amount that you want to use for copy trading .
4. Must choose "Fixed Ratio". Never choose fixed amount for better performance .
5. Set stop loss UpTo 50% . Don't use Less then it.
6. Click on Copy option.
If you face any issue just ask in Comments. Also note it will be only spot no future. Comment with how much amount you are going to copy .
#MU_Traders #BinanceBlockchainWeek #16thBTCWhitePaperAnniv #USADPSurges
Note : Copy trading service will be available at 01 NOV 2024 00:00 UTC and onward . To copy follow these steps :
1. Open @MU_Traders profile .
2. Click on Copy Trading option as shown in below image (Available after 01 Nov 2024 00:00 UTC.
3. Enter amount that you want to use for copy trading .
4. Must choose "Fixed Ratio". Never choose fixed amount for better performance .
5. Set stop loss UpTo 50% . Don't use Less then it.
6. Click on Copy option.
If you face any issue just ask in Comments. Also note it will be only spot no future. Comment with how much amount you are going to copy .
#MU_Traders #BinanceBlockchainWeek #16thBTCWhitePaperAnniv #USADPSurges
LIVE
MU_Traders
--
We have stoped copy trading some time ago due to of some reasons . Will you copy our trades if we resume it?
If yes then with how much amount!
If yes then with how much amount!
$BTC Next Stop $85K OR $58K⁉️
In last $BTC update we mentioned $73,500 area as a resistance and t.p that hit successfully and also worked as resistance perfectly. Here is next expected move of #BTC☀
One thing we want to clear here that this plan may take UpTo 10 days to ful fill. On November 5 there is USA election that will shake market heavily and we can see huge volatility on that day. Market will fluctuate with results out comes. On 07th Nov there is FOMC meeting and FED chair Jorem Powell will announce rate decision most probability we see 0.25% rate cuts. Now let's discuss in detail how these data, election results will effect market and market manipulator use these data as base point to grab liquidity.
First we will discuss election and it's results and then FED decision about interest rates and their effect. One thing to note here is that every thing is connected with other so read full post to understand better.
FED Interest Rate Decision :-
Most of the time when FED cut rates BTC move in same direction for 3-7 days in which it is moving before rate cuts. Here is example:
Same like it we discussed about three events before Fed first rate cut in SEP. Means we can expect same momentum after rate cut like before. When FED cut interest rate people withdraw money from banks and invest in stock, real estate etc. So, we can expect a bullish momentum on rate cut on 7 November. Almost $2,000 price increment is expected in #Bitcoin❗ price if FED cut 0.25% rate and Powell hint more rate cuts before 2025.
Election Results :-
Most probability that Trump win election. There is hype that if trump win BTC pump UpTo 80K-85K. But we think differently. As on 5 Nove there is election and it will take UpTo 2-4 days to reveal full results. Let's suppose on 8 Nov results get display. On 7 November after rate cut market will take upward move on election result people will already bullish then here market manipulator will do their job and correct market UpTo 70K, 68K. That is just our personal point of view.
According to polymarket there is 67% chance Trump win. We analyzed above all things on one sided bases. So, do your own research also before taking any financial action.
Manipulators Job :-
As we mentioned above on election result every one will try to long but exchanges will manipulate and dump market UpTo
$70K$68K
But before that dump we can see 74K even 75K. Also technically we can get a support from 68K area from previously rising resistance that shifted into support now.
Means on these levels book profits and wait for buying later. Don't sell all but 30% - 40%. That is what we are going to do personally. In short words book profits at $73K-$75K and then wait for $70K and $68K for buying. A dip is coming⏳.
If you find this post helpful then don't forget to like and follow @MU_Traders for more updates.
#MU_Traders #BTCBreak71K
One thing we want to clear here that this plan may take UpTo 10 days to ful fill. On November 5 there is USA election that will shake market heavily and we can see huge volatility on that day. Market will fluctuate with results out comes. On 07th Nov there is FOMC meeting and FED chair Jorem Powell will announce rate decision most probability we see 0.25% rate cuts. Now let's discuss in detail how these data, election results will effect market and market manipulator use these data as base point to grab liquidity.
First we will discuss election and it's results and then FED decision about interest rates and their effect. One thing to note here is that every thing is connected with other so read full post to understand better.
FED Interest Rate Decision :-
Most of the time when FED cut rates BTC move in same direction for 3-7 days in which it is moving before rate cuts. Here is example:
Same like it we discussed about three events before Fed first rate cut in SEP. Means we can expect same momentum after rate cut like before. When FED cut interest rate people withdraw money from banks and invest in stock, real estate etc. So, we can expect a bullish momentum on rate cut on 7 November. Almost $2,000 price increment is expected in #Bitcoin❗ price if FED cut 0.25% rate and Powell hint more rate cuts before 2025.
Election Results :-
Most probability that Trump win election. There is hype that if trump win BTC pump UpTo 80K-85K. But we think differently. As on 5 Nove there is election and it will take UpTo 2-4 days to reveal full results. Let's suppose on 8 Nov results get display. On 7 November after rate cut market will take upward move on election result people will already bullish then here market manipulator will do their job and correct market UpTo 70K, 68K. That is just our personal point of view.
According to polymarket there is 67% chance Trump win. We analyzed above all things on one sided bases. So, do your own research also before taking any financial action.
Manipulators Job :-
As we mentioned above on election result every one will try to long but exchanges will manipulate and dump market UpTo
$70K$68K
But before that dump we can see 74K even 75K. Also technically we can get a support from 68K area from previously rising resistance that shifted into support now.
Means on these levels book profits and wait for buying later. Don't sell all but 30% - 40%. That is what we are going to do personally. In short words book profits at $73K-$75K and then wait for $70K and $68K for buying. A dip is coming⏳.
If you find this post helpful then don't forget to like and follow @MU_Traders for more updates.
#MU_Traders #BTCBreak71K
In last $BTC update we mentioned three t.p $69,500 $70,000 & $71,800. Now you can see where is #BTC☀ price. Now here is next move of BTC:-
According to technical analysis BTC is approaching its most important resistance area of $73K-$74K. This area is much stronger bcz many people who bought at top will try to exit at break even and many people who bought at $56K ,$50K will book profits. Such resistance usually take some time to get break. Means it will not get break in first attempt , it will take 2,3 tries and then break .
If we look on volume then it is indicating #bitcoin☀️ can reach $75K this or upcoming week. But as we said mostly that instead of going hypothetical values go through analytical and calculated Values . So, for short term we can expect $73,500 area. BTC is trying to hold 72K area right now.
If #Bitcoin❗ close today 1D candle above $73500 then we can see $75K also this week. But at that time just wait for $73,500. Once it hit we will analyze chart again and then share with you.
If you find this post helpful then don't forget to like and follow #MU_Traders for more updates .
#BTCBreak71K
According to technical analysis BTC is approaching its most important resistance area of $73K-$74K. This area is much stronger bcz many people who bought at top will try to exit at break even and many people who bought at $56K ,$50K will book profits. Such resistance usually take some time to get break. Means it will not get break in first attempt , it will take 2,3 tries and then break .
If we look on volume then it is indicating #bitcoin☀️ can reach $75K this or upcoming week. But as we said mostly that instead of going hypothetical values go through analytical and calculated Values . So, for short term we can expect $73,500 area. BTC is trying to hold 72K area right now.
If #Bitcoin❗ close today 1D candle above $73500 then we can see $75K also this week. But at that time just wait for $73,500. Once it hit we will analyze chart again and then share with you.
If you find this post helpful then don't forget to like and follow #MU_Traders for more updates .
#BTCBreak71K
As discussed in last $BTC update BTC give fake out and then retraced till $65,500. Here is nex expected move of BTC:
BTC formed a bullish structure in 4H TF. Give breakout and sustaining above it. Right now we are looking for :
1. $69,500
2. $70,050
3. $71,870
These three levels are expected in this week atleast . In last BTC update we discussed that #BTC☀ will break trend line and give a fake out and then will take dip till $65K atleast but market bounced back from $65600. Analysis go well but some different points got execute . Overall market move accordingly expected trends.
Now we are bullish and waiting for above given levels . If you find this post helpful then don't forget to like post and follow @MU_Traders for more updates .
#MU_Traders #BinanceBlockchainWeek #USJoblessClaimsDip #BTCETFDemandSurge
BTC formed a bullish structure in 4H TF. Give breakout and sustaining above it. Right now we are looking for :
1. $69,500
2. $70,050
3. $71,870
These three levels are expected in this week atleast . In last BTC update we discussed that #BTC☀ will break trend line and give a fake out and then will take dip till $65K atleast but market bounced back from $65600. Analysis go well but some different points got execute . Overall market move accordingly expected trends.
Now we are bullish and waiting for above given levels . If you find this post helpful then don't forget to like post and follow @MU_Traders for more updates .
#MU_Traders #BinanceBlockchainWeek #USJoblessClaimsDip #BTCETFDemandSurge
Vitalik Buterin Responds to ETH Sale Accusations: "I Haven't Sold a Single ETH"
Ethereum founder Vitalik Buterin responded to concerns about ETH token sales by him and the Ethereum Foundation, which has repeatedly sold ETH for cash this year.
On-chain analyses have frequently highlighted periodic ETH movements from the Ethereum Foundation. For example, on October 15, the foundation sold ETH valued at approximately $258,000.
A week before that transaction, the foundation transferred ETH worth around $3.03 million to the Bitstamp exchange. According to on-chain analyst Lookonchain, the Ethereum Foundation has cashed out ETH valued at over $11 million since January.
These sales worry market participants, particularly as they often coincide with ETH bull runs. Vitalik Buterin had also joined in on this trend. Last month, a wallet related to him sold ETH worth more than $3.17 million.
Several community members believe that these transactions by Buterin and the Ethereum Foundation are contributing to ETH’s lackluster performance. Consequently, many have repeatedly called Buterin to “stop selling ETH.”
I haven’t Sold a Single ETH — Buterin
Buterin responded to these concerns today, clarifying that he has not sold any ETH tokens over the past month and even mentioning that his ETH holdings have grown.
I haven't sold a single ETH in the past month? The amount of ETH I hold has actually gone up
— vitalik.eth (@VitalikButerin) October 25, 2024
Another commenter then sought clarification regarding the Ethereum Foundation, which sold over $3.3 million in ETH this month.
Ethereum Foundation is Funding Researchers and Developers with ETH Sales
Buterin explained that the Ethereum Foundation is funding researchers and developers responsible for several important advancements. These include measures to prevent Ethereum from losing 5 million ETH per year due to proof-of-work, maintaining low transaction fees, and ensuring that transactions are processed in under 30 seconds rather than taking 1 to 30 minutes.
bro the ETH foundation is paying researchers and devs that are responsible for
(i) ethereum not bleeding 5M ETH/year to proof of work
(ii) your fees being low today
(iii) your txs getting included in < 30s instead of like 1-30 min (eip 1559)
show some respect
— vitalik.eth (@VitalikButerin) October 26, 2024
Additionally, the foundation is working on zk-tech that allows for private use of ETH, such as zk-railway. They are also developing account abstraction technology that enables everyday users to interact with ETH safely without needing seed phrases or risking centralized points of failure. The foundation organizes local ETH events worldwide, many of which do not prominently feature its name.
Furthermore, Buterin highlighted that Ethereum has maintained zero downtime from DoS attacks and consensus failures since 2016. The foundation has conducted various security initiatives, including internal development and grants, which have helped prevent numerous fund losses. Lastly, they provide libraries that support various coding needs, such as wallets and DeFi applications.
Amid this, Buterin called on community members to respect the Foundation’s efforts, rather than criticize its crucial sales.
#USJoblessClaimsDip #BTCETFDemandSurge #BTC67KRebound #CryptoPreUSElection #MU_Traders
On-chain analyses have frequently highlighted periodic ETH movements from the Ethereum Foundation. For example, on October 15, the foundation sold ETH valued at approximately $258,000.
A week before that transaction, the foundation transferred ETH worth around $3.03 million to the Bitstamp exchange. According to on-chain analyst Lookonchain, the Ethereum Foundation has cashed out ETH valued at over $11 million since January.
These sales worry market participants, particularly as they often coincide with ETH bull runs. Vitalik Buterin had also joined in on this trend. Last month, a wallet related to him sold ETH worth more than $3.17 million.
Several community members believe that these transactions by Buterin and the Ethereum Foundation are contributing to ETH’s lackluster performance. Consequently, many have repeatedly called Buterin to “stop selling ETH.”
I haven’t Sold a Single ETH — Buterin
Buterin responded to these concerns today, clarifying that he has not sold any ETH tokens over the past month and even mentioning that his ETH holdings have grown.
I haven't sold a single ETH in the past month? The amount of ETH I hold has actually gone up
— vitalik.eth (@VitalikButerin) October 25, 2024
Another commenter then sought clarification regarding the Ethereum Foundation, which sold over $3.3 million in ETH this month.
Ethereum Foundation is Funding Researchers and Developers with ETH Sales
Buterin explained that the Ethereum Foundation is funding researchers and developers responsible for several important advancements. These include measures to prevent Ethereum from losing 5 million ETH per year due to proof-of-work, maintaining low transaction fees, and ensuring that transactions are processed in under 30 seconds rather than taking 1 to 30 minutes.
bro the ETH foundation is paying researchers and devs that are responsible for
(i) ethereum not bleeding 5M ETH/year to proof of work
(ii) your fees being low today
(iii) your txs getting included in < 30s instead of like 1-30 min (eip 1559)
show some respect
— vitalik.eth (@VitalikButerin) October 26, 2024
Additionally, the foundation is working on zk-tech that allows for private use of ETH, such as zk-railway. They are also developing account abstraction technology that enables everyday users to interact with ETH safely without needing seed phrases or risking centralized points of failure. The foundation organizes local ETH events worldwide, many of which do not prominently feature its name.
Furthermore, Buterin highlighted that Ethereum has maintained zero downtime from DoS attacks and consensus failures since 2016. The foundation has conducted various security initiatives, including internal development and grants, which have helped prevent numerous fund losses. Lastly, they provide libraries that support various coding needs, such as wallets and DeFi applications.
Amid this, Buterin called on community members to respect the Foundation’s efforts, rather than criticize its crucial sales.
#USJoblessClaimsDip #BTCETFDemandSurge #BTC67KRebound #CryptoPreUSElection #MU_Traders
SCROLL A Layer 2 Project || Next $SUI? 🤔
#ScrollOnBinance . Scroll is providing scalability to Ethereum to lower transaction fees. That is its main motto. Here are more details in depth. Topics we will discuss:
Ethereum Blockchain Issueszk-Rollup & ScrollThree-Layer Architecture of Scroll zkRollupTransaction Lifecycle in ScrollHeart of Scroll TechnologyUse Cases of ScrollMain Purpose Of Scroll
Ethereum Blockchain Issues
Ethereum has been a pioneer in the blockchain space since its conception, providing decentralized applications (dApps) and smart contract functionality to an ever-evolving ecosystem. Yet, as more and more people use the Ethereum network it is being plagued with tough issues like soaring gas fees for transactions; the congestion leads to delays. These new solutions are often referred to as Layer 2 scaling solutions that help in solving these issues while remaining secure and decentralized, the likes of which Scroll is coming up with. Scrolls is a general-purpose, ETH compatible zero-knowledge rollup-scalability solution that addresses the current lack of zkp scalability in Ethereum while still upholding Ethereum ethical principals.
zk-Rollup & Scroll
Filipe tests out the power of Rollups to reduce transaction burdens on Ethereum’s Layer 1 (L1) chain. Rollups bundle off-chain transactions, execute them and then re-post compressed data on chain to help with faster payment processing. But to remain decentralized and secure the off-chain computations must be validated. Enter zero-knowledge proofs (zk-proofs) which can validate off-chain computations without revealing any details of the transaction.
Livy Cataudella/how Scroll uses zk-rollup technology via its zkEVM design to create a single scaling solution with the Ethereum Virtual Machine (EVM). As a standard on the Ethereum platform, it allows Scroll to work with existing smart contracts running on ethereum whilst improving transaction throughput and slashing costs. The Scroll zkEVM ensures that Ethereum’s robust security model is maintained, while transactions are processed faster, with lower gas fees.
Three-Layer Architecture of Scroll zkRollup
Scrolls architecture consist of:
Settlement Layer: This is the layer Scroll talks to Ethereum. Provides data availability & zk proof validity send messages and assets to / from Ethereum <> Scroll.
Sequence Layer: Executes the transactions sent to Scroll network. The former node processes transactions, subsequent to which the latter batches and submits proofs of those transaction to Ethereum for finality. This allows for the efficient processing of large volumes of transactions off-chain.
Proving Layer: The Proving Layer generates zk-proofs for the transactions executed in the Sequencing Layer. A coordinator manages these provers, dispatching tasks, and ensuring that the transaction proofs are verified and submitted to Ethereum.
This multi-layer design ensures that Scroll zkRollup maintains both scalability and security while operating in parallel with Ethereum’s mainnet.
Transaction Lifecycle in Scroll
The $SCR transaction lifecycle consists of three phases:
Confirmation: A transaction is submitted to either the L1 bridge contract or the L2 sequencer, where it is executed and included in an L2 block.
Commitment: The transactions are then batched and committed to L1. Once finalized in the L1 blocks, the transactions in this batch are considered committed.
Finalization: The final step involves generating a zk-proof for the batch, which is verified and finalized on L1, making the transactions part of Scroll’s canonical chain.
This lifecycle ensures the secure execution of transactions while reducing the load on Ethereum’s L1, offering a faster and more cost-efficient alternative for users.
Heart of Scroll’s Technology
The zkEVM (zero-knowledge Ethereum Virtual Machine) is at the core of Scroll’s technology. It enables the generation of zk-proofs for Ethereum-like transactions, maintaining full compatibility with existing Ethereum tools and applications. This compatibility is a significant advantage, as developers can migrate their dApps from Ethereum to Scroll without modifications, while benefiting from improved scalability.
Scroll’s zkEVM has been developed in collaboration with the Privacy and Scaling Explorations (PSE) team and utilizes the Halo2 proving system. This collaboration ensures that Scroll is at the cutting edge of zk-proofs technology, benefiting from the latest research and innovations.
Scroll’s zkEVM is designed for hardware optimization, using GPU provers to accelerate proof generation. This approach allows Scroll to handle higher transaction volumes with reduced latency, making it a highly scalable solution for decentralized applications.
Use Cases of Scroll
Scroll’s zkEVM offers several key advantages over traditional Layer 2 solutions:
Cost Efficiency: By aggregating transactions off-chain and reducing gas fees, Scroll provides a cost-effective alternative for Ethereum users.
Scalability: The zk-rollup architecture enables Scroll to process a large number of transactions while maintaining security and decentralization.
Compatibility: Scroll’s zkEVM is fully compatible with the Ethereum ecosystem, allowing dApp developers to migrate their applications seamlessly.
Enhanced Security: zk-proofs ensure that off-chain computations are validated, maintaining the security of the Ethereum network without introducing additional trust assumptions.
Scroll’s use cases extend beyond simple transactions. The protocol can be used to create highly secure bridges, enable verifiable vulnerability reports for dApps, and support complex decentralized applications requiring scalability and security.
Main Purpose Of Scroll
Scroll represents a significant leap forward in Ethereum scaling solutions. By leveraging zkEVM technology and optimizing hardware performance, Scroll offers a secure, scalable, and efficient rollup solution for Ethereum users. Its seamless integration with the Ethereum ecosystem, combined with its ability to lower transaction costs and increase throughput, positions Scroll as a transformative force in the blockchain space.
As the Ethereum ecosystem continues to grow, solutions like Scroll will play a crucial role in ensuring that the network remains scalable, secure, and accessible to a broader audience of users and developers.
If you find this article helpful then don't forget to like and follow @MU_Traders for more updates.
#MU_Traders
Ethereum Blockchain Issueszk-Rollup & ScrollThree-Layer Architecture of Scroll zkRollupTransaction Lifecycle in ScrollHeart of Scroll TechnologyUse Cases of ScrollMain Purpose Of Scroll
Ethereum Blockchain Issues
Ethereum has been a pioneer in the blockchain space since its conception, providing decentralized applications (dApps) and smart contract functionality to an ever-evolving ecosystem. Yet, as more and more people use the Ethereum network it is being plagued with tough issues like soaring gas fees for transactions; the congestion leads to delays. These new solutions are often referred to as Layer 2 scaling solutions that help in solving these issues while remaining secure and decentralized, the likes of which Scroll is coming up with. Scrolls is a general-purpose, ETH compatible zero-knowledge rollup-scalability solution that addresses the current lack of zkp scalability in Ethereum while still upholding Ethereum ethical principals.
zk-Rollup & Scroll
Filipe tests out the power of Rollups to reduce transaction burdens on Ethereum’s Layer 1 (L1) chain. Rollups bundle off-chain transactions, execute them and then re-post compressed data on chain to help with faster payment processing. But to remain decentralized and secure the off-chain computations must be validated. Enter zero-knowledge proofs (zk-proofs) which can validate off-chain computations without revealing any details of the transaction.
Livy Cataudella/how Scroll uses zk-rollup technology via its zkEVM design to create a single scaling solution with the Ethereum Virtual Machine (EVM). As a standard on the Ethereum platform, it allows Scroll to work with existing smart contracts running on ethereum whilst improving transaction throughput and slashing costs. The Scroll zkEVM ensures that Ethereum’s robust security model is maintained, while transactions are processed faster, with lower gas fees.
Three-Layer Architecture of Scroll zkRollup
Scrolls architecture consist of:
Settlement Layer: This is the layer Scroll talks to Ethereum. Provides data availability & zk proof validity send messages and assets to / from Ethereum <> Scroll.
Sequence Layer: Executes the transactions sent to Scroll network. The former node processes transactions, subsequent to which the latter batches and submits proofs of those transaction to Ethereum for finality. This allows for the efficient processing of large volumes of transactions off-chain.
Proving Layer: The Proving Layer generates zk-proofs for the transactions executed in the Sequencing Layer. A coordinator manages these provers, dispatching tasks, and ensuring that the transaction proofs are verified and submitted to Ethereum.
This multi-layer design ensures that Scroll zkRollup maintains both scalability and security while operating in parallel with Ethereum’s mainnet.
Transaction Lifecycle in Scroll
The $SCR transaction lifecycle consists of three phases:
Confirmation: A transaction is submitted to either the L1 bridge contract or the L2 sequencer, where it is executed and included in an L2 block.
Commitment: The transactions are then batched and committed to L1. Once finalized in the L1 blocks, the transactions in this batch are considered committed.
Finalization: The final step involves generating a zk-proof for the batch, which is verified and finalized on L1, making the transactions part of Scroll’s canonical chain.
This lifecycle ensures the secure execution of transactions while reducing the load on Ethereum’s L1, offering a faster and more cost-efficient alternative for users.
Heart of Scroll’s Technology
The zkEVM (zero-knowledge Ethereum Virtual Machine) is at the core of Scroll’s technology. It enables the generation of zk-proofs for Ethereum-like transactions, maintaining full compatibility with existing Ethereum tools and applications. This compatibility is a significant advantage, as developers can migrate their dApps from Ethereum to Scroll without modifications, while benefiting from improved scalability.
Scroll’s zkEVM has been developed in collaboration with the Privacy and Scaling Explorations (PSE) team and utilizes the Halo2 proving system. This collaboration ensures that Scroll is at the cutting edge of zk-proofs technology, benefiting from the latest research and innovations.
Scroll’s zkEVM is designed for hardware optimization, using GPU provers to accelerate proof generation. This approach allows Scroll to handle higher transaction volumes with reduced latency, making it a highly scalable solution for decentralized applications.
Use Cases of Scroll
Scroll’s zkEVM offers several key advantages over traditional Layer 2 solutions:
Cost Efficiency: By aggregating transactions off-chain and reducing gas fees, Scroll provides a cost-effective alternative for Ethereum users.
Scalability: The zk-rollup architecture enables Scroll to process a large number of transactions while maintaining security and decentralization.
Compatibility: Scroll’s zkEVM is fully compatible with the Ethereum ecosystem, allowing dApp developers to migrate their applications seamlessly.
Enhanced Security: zk-proofs ensure that off-chain computations are validated, maintaining the security of the Ethereum network without introducing additional trust assumptions.
Scroll’s use cases extend beyond simple transactions. The protocol can be used to create highly secure bridges, enable verifiable vulnerability reports for dApps, and support complex decentralized applications requiring scalability and security.
Main Purpose Of Scroll
Scroll represents a significant leap forward in Ethereum scaling solutions. By leveraging zkEVM technology and optimizing hardware performance, Scroll offers a secure, scalable, and efficient rollup solution for Ethereum users. Its seamless integration with the Ethereum ecosystem, combined with its ability to lower transaction costs and increase throughput, positions Scroll as a transformative force in the blockchain space.
As the Ethereum ecosystem continues to grow, solutions like Scroll will play a crucial role in ensuring that the network remains scalable, secure, and accessible to a broader audience of users and developers.
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#MU_Traders
News Round Up
Date:- 25 OCT 2024
💰 Restaked #Bitcoin❗ TVL surpassing $1 billion
🪙 Microsoft will vote on “Assessment of Investing in #BTC☀ ” during their December 10 shareholder meeting.
🇺🇸 Ripple $XRP CEO says US will be "more pro-crypto" after this election, no matter who wins.
🚨Arkham Intelligence confirms that a suspicious address has drained over $20 million from the account labeled "U.S. 🇺🇸 Government: Bitfinex Hacker Seized Funds."
💰 Binance Futures will launch the #MOODENGUSDT perpetual contract today at 10:00 (UTC).
🇷🇺 International Monetary Fund (IMF) upgrades Russia to world's fourth-largest economy based on purchasing power parity.
🇷🇺 Wall Street Journal claims Elon Musk has "secretly" been in regular contact with Russian President Putin since 2022.
🗽New York Post officially endorses Trump for president.
🇺🇸 Pennsylvania passes #bitcoin☀️ Rights bill to protect the right to self-custody and using $BTC for payments.
Don't forget to like post and follow @MU_Traders for more updates .
#MU_Traders $ETH
Date:- 25 OCT 2024
💰 Restaked #Bitcoin❗ TVL surpassing $1 billion
🪙 Microsoft will vote on “Assessment of Investing in #BTC☀ ” during their December 10 shareholder meeting.
🇺🇸 Ripple $XRP CEO says US will be "more pro-crypto" after this election, no matter who wins.
🚨Arkham Intelligence confirms that a suspicious address has drained over $20 million from the account labeled "U.S. 🇺🇸 Government: Bitfinex Hacker Seized Funds."
💰 Binance Futures will launch the #MOODENGUSDT perpetual contract today at 10:00 (UTC).
🇷🇺 International Monetary Fund (IMF) upgrades Russia to world's fourth-largest economy based on purchasing power parity.
🇷🇺 Wall Street Journal claims Elon Musk has "secretly" been in regular contact with Russian President Putin since 2022.
🗽New York Post officially endorses Trump for president.
🇺🇸 Pennsylvania passes #bitcoin☀️ Rights bill to protect the right to self-custody and using $BTC for payments.
Don't forget to like post and follow @MU_Traders for more updates .
#MU_Traders $ETH
BTC Update:
Date:18 March 2024
BTC is looking bullish. ( 110k ?)
Note: Read full post so you can understand all factors. Do your own research before investing. In Case of any lose #MU_Traders will not responsible.
Currently Bitcoin is forming inverse head and shoulder pattern in 1H timeframe. But it has not yet crossed its neckline standing at $69,600. Once it close 1 Day candle above this level we will see BTC at 78k and then upward movement.
But if it close 1D candle below $66k then we will bearish and it will go to 60k. So, make your funds safe untill market direction confirmed. I am calling bearish on closing of 1D candle below $66k bcz its first shoulder low closing is at this level.
I will post again as soon as we get confirmed direction. So, follow me if you want to keep yourself updated.
Like and share this post so, it reach to more people and more people get benefit from it.
#HotTrends #BTC #NEAR
Date:18 March 2024
BTC is looking bullish. ( 110k ?)
Note: Read full post so you can understand all factors. Do your own research before investing. In Case of any lose #MU_Traders will not responsible.
Currently Bitcoin is forming inverse head and shoulder pattern in 1H timeframe. But it has not yet crossed its neckline standing at $69,600. Once it close 1 Day candle above this level we will see BTC at 78k and then upward movement.
But if it close 1D candle below $66k then we will bearish and it will go to 60k. So, make your funds safe untill market direction confirmed. I am calling bearish on closing of 1D candle below $66k bcz its first shoulder low closing is at this level.
I will post again as soon as we get confirmed direction. So, follow me if you want to keep yourself updated.
Like and share this post so, it reach to more people and more people get benefit from it.
#HotTrends #BTC #NEAR
LIVEFaiza Khan
--
Bullish
Complementary reward upto 10 USDT🎁💰
CLAIM REWARD HERE🎁💰
CLAIM REWARD HERE🎁💰
Title: Navigating Market Ups and Downs: A Realistic Approach for Investors
Introduction:
Hey fellow investors! Times are wild in the market, with ups, downs, and potential rebounds. We all want to make the right moves, but it's crucial to keep it real and approach things with a level head.
Key Considerations:
1. Do Your Homework:
Before jumping into anything, take the time to research. What's the deal with the tokens you're eyeing? Who's behind them, and what's the tech like? Knowledge is power, folks.
2. Spread Your Bets:
Ever heard the saying, "don't put all your eggs in one basket"? Well, it's true. Diversify your investments across different areas. It's like having a backup plan for your backup plan.
3. Don't Ignore Risks:
• We all have different comfort zones when it comes to risk. Figure out yours and plan accordingly. Use tools like stop-loss orders to avoid getting caught up in a rollercoaster you didn't sign up for.
4. Stay in the Loop:
Markets move fast, and so should you. Stay updated on what's happening in the financial world. Know the trends, be aware of regulations, and keep an eye on the global scene. Informed decisions are the best decisions.
5. Think Long-Term:
It's easy to get caught up in the day-to-day craziness, but take a step back. Think about the long game. Consider investments with solid foundations that can weather the storm.
Cautionary Notes:
1. Watch Out for Shenanigans:
The crypto world can be a bit like the wild west. Be cautious and skeptical of anything that sounds too good to be true. Scams are lurking around every corner.
2. Talk to the Pros:
If you're feeling unsure or overwhelmed, don't hesitate to chat with the pros. Financial advisors can offer personalized advice based on your unique situation. It's like having a navigator when the seas get rough.
#Write2Earn #PYTH #TrendingTopic #TradeNTell #MU_Traders
Introduction:
Hey fellow investors! Times are wild in the market, with ups, downs, and potential rebounds. We all want to make the right moves, but it's crucial to keep it real and approach things with a level head.
Key Considerations:
1. Do Your Homework:
Before jumping into anything, take the time to research. What's the deal with the tokens you're eyeing? Who's behind them, and what's the tech like? Knowledge is power, folks.
2. Spread Your Bets:
Ever heard the saying, "don't put all your eggs in one basket"? Well, it's true. Diversify your investments across different areas. It's like having a backup plan for your backup plan.
3. Don't Ignore Risks:
• We all have different comfort zones when it comes to risk. Figure out yours and plan accordingly. Use tools like stop-loss orders to avoid getting caught up in a rollercoaster you didn't sign up for.
4. Stay in the Loop:
Markets move fast, and so should you. Stay updated on what's happening in the financial world. Know the trends, be aware of regulations, and keep an eye on the global scene. Informed decisions are the best decisions.
5. Think Long-Term:
It's easy to get caught up in the day-to-day craziness, but take a step back. Think about the long game. Consider investments with solid foundations that can weather the storm.
Cautionary Notes:
1. Watch Out for Shenanigans:
The crypto world can be a bit like the wild west. Be cautious and skeptical of anything that sounds too good to be true. Scams are lurking around every corner.
2. Talk to the Pros:
If you're feeling unsure or overwhelmed, don't hesitate to chat with the pros. Financial advisors can offer personalized advice based on your unique situation. It's like having a navigator when the seas get rough.
#Write2Earn #PYTH #TrendingTopic #TradeNTell #MU_Traders
Cboe approves the following Spot #Bitcoin ETFs for listing on its exchange, pending SEC approval:
• VanEck
• Fidelity
• Franklin
• ArkInvest
• Invesco Galaxy
#BTC #etf #MU_Traders
• VanEck
• Fidelity
• Franklin
• ArkInvest
• Invesco Galaxy
#BTC #etf #MU_Traders
Unveiling the Exciting World of ALT Restaking: Your Ticket to Crypto Rewards!
Hey there, crypto enthusiasts! Have you heard about the buzz surrounding $ALT Restaking? Well, buckle up because we're about to take you on a thrilling ride through this revolutionary ecosystem brought to you by Binance.
What's the Scoop on ReALT Restaking?
ALT Restaking isn't just another crypto gimmick – it's a game-changer! Imagine a world where you can earn rewards simply by holding onto your digital assets. That's the beauty of the ReALT Restaking Model. It's all about rewarding long-term commitment and building a strong community of investors like you.
ALT Restaked Rollup and Launchpool: What's the Big Deal?
Now, let's talk tech! ALT Restaked Rollup and Launchpool are like the cool kids on the block, shaking things up in the crypto world. These fancy terms basically mean ALT is using super-smart technology to make transactions faster and cheaper. Plus, they're giving you more ways to get involved and earn rewards. It's a win-win!
ALT: Your Partner in Decentralized Publishing
But wait, there's more! ALT isn't just about making you rich – it's also paving the way for the future of decentralized publishing. Think of it as the go-to platform for sharing and managing digital content. With ALT leading the charge, decentralized finance is looking brighter than ever!
Get in on the Action with #ALTrestaking
So, what are you waiting for? Join the #ALTrestaking movement today! It's not just about winning ALT coins (although that's pretty awesome too), it's about being part of something bigger. Share your thoughts, connect with fellow crypto enthusiasts, and let's make ALT Restaking a smashing success together!
In a nutshell, $ALT Restaking is your golden ticket to the world of crypto rewards and innovation. So, hop on board and let's ride the wave of decentralized finance into a brighter tomorrow!
#Memecoins #altcoins #MU_Traders
What's the Scoop on ReALT Restaking?
ALT Restaking isn't just another crypto gimmick – it's a game-changer! Imagine a world where you can earn rewards simply by holding onto your digital assets. That's the beauty of the ReALT Restaking Model. It's all about rewarding long-term commitment and building a strong community of investors like you.
ALT Restaked Rollup and Launchpool: What's the Big Deal?
Now, let's talk tech! ALT Restaked Rollup and Launchpool are like the cool kids on the block, shaking things up in the crypto world. These fancy terms basically mean ALT is using super-smart technology to make transactions faster and cheaper. Plus, they're giving you more ways to get involved and earn rewards. It's a win-win!
ALT: Your Partner in Decentralized Publishing
But wait, there's more! ALT isn't just about making you rich – it's also paving the way for the future of decentralized publishing. Think of it as the go-to platform for sharing and managing digital content. With ALT leading the charge, decentralized finance is looking brighter than ever!
Get in on the Action with #ALTrestaking
So, what are you waiting for? Join the #ALTrestaking movement today! It's not just about winning ALT coins (although that's pretty awesome too), it's about being part of something bigger. Share your thoughts, connect with fellow crypto enthusiasts, and let's make ALT Restaking a smashing success together!
In a nutshell, $ALT Restaking is your golden ticket to the world of crypto rewards and innovation. So, hop on board and let's ride the wave of decentralized finance into a brighter tomorrow!
#Memecoins #altcoins #MU_Traders
am🔥🔥 Over 37,000 BTC💰 have been withdrawn from #crypto exchanges in the past 72 hours, worth around $2.53 billion!
Explanation of whole senerio:
1. A panic created in retailers by spreading news of MTGOX. Whales take opportunity and bought dips.
2. Whales use Trump guilty stance to buy more cheaper BTC.
3. Creating a panic in retailers to sell by showing them level of 63k and 65k. So, whales can bought. Diamond hands holding, Whales hand stealing from retailers not buying from retailers.
4. DMM $300M cause selling pressure but why whales buying and shifting to wallet? Indicating a pump in few days.
Look on chain data whales treat every bad news as good news. Time to buy not sell.
Follow #MU_Traders for more analysis .
#StartInvestingInCrypto #Megadrop #MtGox #DMMBitcoin
Explanation of whole senerio:
1. A panic created in retailers by spreading news of MTGOX. Whales take opportunity and bought dips.
2. Whales use Trump guilty stance to buy more cheaper BTC.
3. Creating a panic in retailers to sell by showing them level of 63k and 65k. So, whales can bought. Diamond hands holding, Whales hand stealing from retailers not buying from retailers.
4. DMM $300M cause selling pressure but why whales buying and shifting to wallet? Indicating a pump in few days.
Look on chain data whales treat every bad news as good news. Time to buy not sell.
Follow #MU_Traders for more analysis .
#StartInvestingInCrypto #Megadrop #MtGox #DMMBitcoin
Alhamdulillah ,
As predicted $BB has dumped from $0.70 to $0.5700 and our buying range is 0.5300 we will wait till that point to buy to sell at 0.700. If you do not believe me you can check below mentioned post and screenshot .
on which coin you want another analysis must comment I will analyze and share it with you. Before you ask about analysis of any coin must like post.
Note: I am not a financial advisor so do your own research before investing in any coin .
#MU_Traders #MtGox #altcoins #EarnFreeCrypto2024
As predicted $BB has dumped from $0.70 to $0.5700 and our buying range is 0.5300 we will wait till that point to buy to sell at 0.700. If you do not believe me you can check below mentioned post and screenshot .
on which coin you want another analysis must comment I will analyze and share it with you. Before you ask about analysis of any coin must like post.
Note: I am not a financial advisor so do your own research before investing in any coin .
#MU_Traders #MtGox #altcoins #EarnFreeCrypto2024
LIVEMU_Traders
--
Bullish
🚨🚨🚨Big Alert For Bounce Bit ( BB ) Holders 🚨🚨🚨
If you are holding bounce bit then must read full post to avoid lose. Bounce Bit is suspected to start decline . We can see a drop in price to $0.4804 - $0.5310. After analysing chart of $BB we have come to a decision that it will fall from 0.700 to 0.5300 area. Personally I will sell and wait for the mentioned region to buy it again. Token has 3X-5X potential returns but in short and mid term we are suspecting a sharp decline in price of #BBTOKEN . So, I will sell and buy at more lower prices to avoid short term loss and to secure profits .
We are indicating price decline on basis of Fib retracement. Which is indicating price can drop to 0.4804 - 0.5310. After that price will again start to rise. So I will sell now and start buying again from region of 0.5304 and will do DCA till 0.4804. It's my personal point of view #DYOR* when you take any financial decision .
What do you think where it will go ? I will wait for your prediction . Must hit like button if you want more ideas like that. Follow if you have not followed yet 😔😔😔.
#MU_Traders #ETHETFsApproved #EarnFreeCrypto2024
If you are holding bounce bit then must read full post to avoid lose. Bounce Bit is suspected to start decline . We can see a drop in price to $0.4804 - $0.5310. After analysing chart of $BB we have come to a decision that it will fall from 0.700 to 0.5300 area. Personally I will sell and wait for the mentioned region to buy it again. Token has 3X-5X potential returns but in short and mid term we are suspecting a sharp decline in price of #BBTOKEN . So, I will sell and buy at more lower prices to avoid short term loss and to secure profits .
We are indicating price decline on basis of Fib retracement. Which is indicating price can drop to 0.4804 - 0.5310. After that price will again start to rise. So I will sell now and start buying again from region of 0.5304 and will do DCA till 0.4804. It's my personal point of view #DYOR* when you take any financial decision .
What do you think where it will go ? I will wait for your prediction . Must hit like button if you want more ideas like that. Follow if you have not followed yet 😔😔😔.
#MU_Traders #ETHETFsApproved #EarnFreeCrypto2024
Explain personality of Dr. Abdul Qadir in one word.
#Megadrop #MtGox #EarnFreeCrypto2024 #ETHETFsApproved #MU_Traders
#Megadrop #MtGox #EarnFreeCrypto2024 #ETHETFsApproved #MU_Traders
BTC Alert 🚨🚨🚨🚨
Unacceptable Onchain transaction. 46k ++ BTC moved from #MtGox to wallets. Some people will think it is bullish sign that whales are moving to wallets after buying from exchanges. Yes it will be bullish if funds move to one wallet. But this time these BTC move to different wallets. This senerio is called distribution of funds . This distribution occour when owner or CEO of a company pay to his employees . Their is 90% chance these employee sell and take profit to fulfil their needs. That is why #BTC☀ dump
Also a whale moved 16,000 ++ #Bitcoin❗ to ByBit exchange. Clear sign of selling and downward movement in $BTC . We can see some more correction in BTC after that a new ATH. I am just looking for ATH, I will ignore these short term selling.
Note: Do your own research before investing in crypto . No one is responsible for your losses .
#ETHETFsApproved #MU_Traders
Unacceptable Onchain transaction. 46k ++ BTC moved from #MtGox to wallets. Some people will think it is bullish sign that whales are moving to wallets after buying from exchanges. Yes it will be bullish if funds move to one wallet. But this time these BTC move to different wallets. This senerio is called distribution of funds . This distribution occour when owner or CEO of a company pay to his employees . Their is 90% chance these employee sell and take profit to fulfil their needs. That is why #BTC☀ dump
Also a whale moved 16,000 ++ #Bitcoin❗ to ByBit exchange. Clear sign of selling and downward movement in $BTC . We can see some more correction in BTC after that a new ATH. I am just looking for ATH, I will ignore these short term selling.
Note: Do your own research before investing in crypto . No one is responsible for your losses .
#ETHETFsApproved #MU_Traders
