Daily News 2024 12/24
Good evening brothers
Yesterday BTC dropped to a low of over $92000, but a strange phenomenon occurred this time where many altcoins remained stable during the decline
Especially our recommended BNB performed strongly, once rising close to $700
From on-chain data, there are slightly bearish signals
1. Stablecoins flowed out of exchanges, and the current reserves are at the level of December 7
2. 5000 BTC flowed into exchanges, mainly from Binance
Yesterday the ETF saw outflows exceeding $84 million, marking the third consecutive day of outflows
However, the issue is not significant
The next two days will be to defend the $92000 level
After the Christmas holiday, many large institutions are expected to return to the trading market, which will likely activate quickly and sound the counterattack horn. If BTC stabilizes without falling, even if it doesn't rise
Then it is possible to welcome a season of lucrative altcoins
Recommended dollar-cost averaging: Uni, FTM, BTC, BNB
During this period, dollar-cost averaging suggestions: Uni, FTM, BNB, BTC
Follow the rhythm of the community, escape when it's time to take profits
When it's time to mine, don’t hold too much, the community will ride the waves together with you.
Good evening brothers
Yesterday BTC dropped to a low of over $92000, but a strange phenomenon occurred this time where many altcoins remained stable during the decline
Especially our recommended BNB performed strongly, once rising close to $700
From on-chain data, there are slightly bearish signals
1. Stablecoins flowed out of exchanges, and the current reserves are at the level of December 7
2. 5000 BTC flowed into exchanges, mainly from Binance
Yesterday the ETF saw outflows exceeding $84 million, marking the third consecutive day of outflows
However, the issue is not significant
The next two days will be to defend the $92000 level
After the Christmas holiday, many large institutions are expected to return to the trading market, which will likely activate quickly and sound the counterattack horn. If BTC stabilizes without falling, even if it doesn't rise
Then it is possible to welcome a season of lucrative altcoins
Recommended dollar-cost averaging: Uni, FTM, BTC, BNB
During this period, dollar-cost averaging suggestions: Uni, FTM, BNB, BTC
Follow the rhythm of the community, escape when it's time to take profits
When it's time to mine, don’t hold too much, the community will ride the waves together with you.