Your time in the market is better than timing thr market. #BTFD | 0xChairman on Binance Square

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Your time in the market is better than timing thr market. #BTFD 

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Tether’s USDT Hits Record $120B Market Cap, Signaling a Potential ‘Uptober’ Rally🚀💰 Tether’s USDT stablecoin has hit an all-time high, surpassing a $120 billion market cap on Oct. 20, sparking speculation of an impending crypto market rally. As the largest stablecoin, Tether serves as a major gateway between fiat and crypto. A growing supply of USDT often signals that investors are preparing to enter the crypto market, fueling optimism for a potential Bitcoin rally. Stablecoin inflows to major exchanges like Binance and Kraken, where over $86 million in USDT has been sent recently, suggest increased buying pressure. This could set the stage for the highly anticipated “Uptober” rally—a term used by crypto traders to describe October’s historically bullish trend. October has been one of Bitcoin’s best-performing months, with an average 21% price increase. Some analysts believe Bitcoin could see a breakout, especially if it closes the week above $68,700. Tether’s growing supply, alongside record inflows into Bitcoin ETFs, adds further fuel to the possibility of a strong rally before the end of the month. #BTC #bitcoin #TetherBTC #UptoberBTC70K? #BTCSoarsTo68K $BTC

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5 Token Unlocks to Watch This Week: Big Moves Ahead for ADA, YGG, and More Token unlocks, which release previously locked tokens into circulation, can significantly impact a project’s price and market dynamics. While no massive unlocks are scheduled this week, here are five key events to keep an eye on. 1. Cardano ($ADA ) - Unlock date: October 22 - Tokens unlocked: 18.53 million ADA Cardano, known for its focus on scalability and security, will unlock over 18 million ADA, boosting its staking and treasury fund. This move strengthens the network’s long-term development and staking ecosystem. 2. SpaceID ($ID ) - Unlock date: October 22 - Tokens unlocked: 18.49 million ID Space ID, a decentralized identity protocol, will unlock 18.49 million ID tokens for its foundation, ecosystem fund, and community. The project connects identities across various blockchains, aiming to drive cross-chain compatibility. 3. EigenLayer ($EIGEN ) - Unlock date: October 22 - Tokens unlocked: 1.29 million EIGEN Ethereum’s restaking protocol EigenLayer will release 1.29 million tokens. With these tokens dedicated to community initiatives, the unlock is unlikely to cause major price shifts. 4. Ethena (#ENA ) - Unlock date: October 23 - Tokens unlocked: 12.86 million ENA Ethena, an Ethereum-based synthetic currency protocol, will release 12.86 million ENA tokens for ecosystem development, furthering its goal of offering a decentralized dollar-denominated savings instrument. 5. Yield Guild Games (YGG) - Unlock date: October 27 - Tokens unlocked: 14.08 million #YGG The play-to-earn platform Yield Guild Games will unlock 14.08 million tokens for distribution among the community, founders, and investors, driving growth in its gaming ecosystem. This week’s unlocks also include smaller events for Galxe (GAL), Acala (ACA), and Euler (EUL), with a combined value exceeding $99 million. DON'T BECOME EXIT LIQUIDITY! #ADA #ID #eigen

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Bitcoin Open Interest Surges Past $40B as Price Nears $70K👻 Bitcoin's open interest in derivatives hit a new record on Oct. 21, surpassing $40.5 billion, as BTC approached the $70,000 mark. According to CoinGlass, this surge in open interest, which reflects the total value of outstanding futures contracts, suggests increased leverage and potential volatility. The Chicago Mercantile Exchange (CME) led the way with 30.7% of the open interest, followed by Binance at 20.4% and Bybit at 15%. High open interest can lead to rapid price swings, as sharp movements often trigger liquidations, forcing mass sell-offs. This scenario previously played out in August, when Bitcoin saw a 20% price drop, losing nearly $12,000 in two days. Bitcoin briefly touched $69,380 on Oct. 21 but faced resistance and pulled back to $69,033. With BTC now just 6.4% below its all-time high of $73,738, a breakout above $70K could fuel a rally in altcoins like Ethereum (ETH) and Solana (SOL), both of which are currently outperforming BTC in daily gains. #BTC #bitcoin #BTC☀ #btcupdates2024 #BTCSoarsTo68K $BTC

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ApeCoin (APE) Surges 66%, Reclaims Spot in Top 100: ApeChain Launch Boosts ApeCoin Volume ApeCoin (APE), the governance token of the APE ecosystem, has skyrocketed by 66% in the last 24 hours, pushing its value back above $1. After trading at $0.75 during the October 19 session, APE is now eyeing further gains. The price spike is largely fueled by the launch of ApeChain, a new Layer-3 blockchain developed by the ApeCoin DAO as part of the Arbitrum Orbital Chain. With bridges live and yield-earning opportunities for APE, ETH, and stablecoins, traders have flocked to ApeChain. Within just hours of launch, ApeChain saw trading volume on Camelot DEX surpass $5 million. On-chain data shows ApeCoin’s total trading volume surged nearly 3,000% in the last 24 hours, approaching $1 billion. If this momentum holds, APE could soon climb past $1.25. ApeCoin’s network growth has also exploded, with new addresses interacting with the protocol jumping from 83 to over 3,200 in just a day. This rapid adoption signals strong interest in ApeChain and could further boost demand for APE, potentially driving its price even higher. From a technical standpoint, ApeCoin has broken out of a months-long descending trendline, signaling strong bullish momentum. The Moving Average Convergence Divergence (MACD) indicator has flipped positive, suggesting further gains ahead. If the current rally continues, APE could climb to $1.47 and potentially hit $2. However, profit-taking by long-time holders could push the price back to $0.86 if momentum slows. Will APE continue its impressive rally, or will profit-takers step in? #APE #BNBRisesTo600 #BTCSoarsTo68K #UptoberBTC70K? #BinanceLabsInvestsLombard $APE

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Shiba Inu (SHIB) Holders Withdraw $288M After 30% Price Surge: Can It Rally Another 25%?🚀 Shiba Inu (SHIB) has seen a 30% price increase over the last 30 days, sparking major activity among its holders. SHIB’s price now sits at $0.000019, and the recent withdrawals from exchanges could be setting the stage for another rally. In the past week, SHIB holders have withdrawn 16 trillion tokens, worth around $288 million, from exchanges, according to Glassnode. Such large outflows reduce the circulating supply available for trading, potentially driving scarcity and supporting a price increase. The Market Value to Realized Value (MVRV) Long/Short Difference shows that long-term SHIB holders now have fewer unrealized losses, signaling a potential shift from bearish to bullish conditions. If this trend continues, SHIB could see another price jump. SHIB is nearing key resistance, and the Bull Bear Power (BBP) indicator shows buyers are currently in control. The token is also trading in a bullish pattern, with the 20-day Exponential Moving Average (EMA) above the 50-day EMA. If bulls maintain momentum, SHIB could rise to $0.000024. However, if the token fails to break above $0.000020, a pullback to $0.000017 is possible. #SHIB #shiba⚡ #SHIBAUSDT #SHIB، #Shibalnu $SHIB

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