Bitcoin [BTC] declined sharply from the $69k-$70k resistance levels. The activity of long-term investors reveals that active sales have decreased significantly, indicating that sellers are running out. The whale accumulation signals growing confidence among the largest Bitcoin holders despite falling prices.
Bitcoin [BTC] faced strong resistance at the $69k-$70k levels and experienced a significant decline. This indicates that market sentiment was negatively affected after the Federal Open Market Committee (FOMC) ended interest rate cut expectations in September. The downward trend observed on Bitcoin's weekly charts increased the atmosphere of panic in the markets as the Sahm Rule pointed out economic weakness.
According to crypto analyst Axel Adler, there is a significant decrease in active selling among long-term Bitcoin investors; especially compared to the beginning of June. This decrease is considered as a signal of possible stability in the market. There may have been heavy profit taking at the $68k-$70k levels, but the current low selling pressure may indicate that sellers are exhausted.
Whale activity stands out as an important indicator of market confidence and sentiment. According to data from Santiment, the share of wallets holding between 100k and 1 million BTC in the total supply has increased. This accumulation pattern shows that large Bitcoin holders are confident in Bitcoin's long-term perspective despite the recent price drop. However, a decrease is observed in wallets holding between 1k and 100k BTC; This indicates selling pressure from small whales.
Another important metric, the adjusted Output Profit Spent Ratio (aSOPR), has been in a downward trend since March. ASOPR values above 1 indicate that, on average, coins are sold at a profit. However, the overall decline in aSOPR supports the current downward trend as it reflects declining profitability and increased selling pressure.
PLEASE READ CAREFULLY FOR THE GIFT OF 10 DOLLARS.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can get it done in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. IF YOU HAVE NOT FOLLOWED YET, DON'T FORGET TO FOLLOW. KIND REGARDS.
