🌕 #Bitcoin price is again approaching the important resis | TopCryptoNews on Binance Square

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🌕  #Bitcoin  price is again approaching the important resistance area of $48,000 - $50,000. If the resistance is broken, the price can grow up to $55,000 
#BTC $BTC #Write2Earn #TopCryptoNews 

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📊 This Indicator Proves Chainlink ($LINK ) Price Has Bottomed Out The broader digital currency ecosystem is still undergoing massive bearish consolidation, with Chainlink (#LINK ) price also in the spotlight. At the time of writing, LINK price was changing hands for $15.41, up marginally by 0.17% in the past 24 hours. While volatility remains a significant guide for short-term investors, analytics platform Glassnode has shared insight into LINK’s accumulation distribution over time and its impact on potential price moves. 🔸 The Chainlink CBD Analysis: Key Clusters to Note According to Glassnode’s insight on X, the Cost Basis Distribution (CBD) metric helps identify cost basis clusters, assess market resilience, and track investor positioning. The analytics platform noted that in 2021, wallets with a cost basis of $26 held around 11 million LINK. Despite price fluctuations, a cluster built around $25 has refused to sell their LINK tokens. In 2023, another set of investors bought about 66 million Chainlink at $7. While these investors raised their cost basis since then, LINK price has shown resilience amid volatility. As Glassnode pointed out, two clusters remain significant. These include the $16 price range, where investors bought 16 million LINK, and the $14.8 level with 53 million tokens. “Despite recent price declines, supply at these levels has not been redistributed, indicating that holders at these cost bases remain in position rather than rotating out of the market,” the Glassnode analysis detailed. 🔸 Has the #Chainlink Price Bottomed Out? Despite the recovery moves, an earlier Bitcoin price analysis shows that the market is not out of the woods yet. With a recent flash crash, the crypto market recorded another liquidation worth about $430 million before slowing down. Chainlink was caught in all these uncertain price actions but has showcased resilience amid each fall. In the past 24 hours, the coin traded within a very close range, from a low of $14.72 to a high of $15.69.

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🙏 We need a V-turn According to PlanB, if we see a V-shaped reversal in the next week or so, it will confirm that we are still in a bull market. #BTC #Bitcoin $BTC

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⭐️ $TRUMP Token Withdrawal of $5.23M Sparks Questions A newly created cryptocurrency wallet made headlines after withdrawing 400,000 Trump Tokens ($TRUMP), valued at approximately $5.23 million, from Binance. The transaction, which took place just minutes before being reported, has sparked curiosity and speculation within the crypto community about the motives behind this substantial withdrawal.. 💬 A newly created wallet has withdrawn 400K TRUMP, worth $5.23M, from #Binance Address: 7T3qdwD8MmVQq1Py7RrX3FJd4j9zT7EVa***** — Onchain Lens February 26, 2025 The withdrawal represents a significant amount of the circulating supply of Trump Tokens, raising questions about potential market impacts. Given the value involved, industry analysts are closely monitoring the wallet for any signs of redistribution or sell-offs that could affect #TRUMP ’s market price. Blockchain data reveals that the transaction was executed in three stages, as depicted in the attached image. Initially, a small amount of Solana (SOL) was moved, possibly to activate the newly created wallet. This was followed by the massive transfer of 400,000 Trump Tokens, worth over $5.23 million. Shortly after, a minor outgoing transaction was recorded, suggesting initial wallet testing or fee payments. The entire sequence occurred within a 20-minute window, reflecting a strategic and calculated approach. The wallet remains inactive for now, with the full $5.23 million in Trump Tokens still held at the address. 🔸 Speculations, Binance’s Response, Market Implications The crypto community has been buzzing with theories about the reason behind this significant transaction. Some analysts believe that the withdrawal could indicate strategic accumulation by a whale investor preparing for long-term holding or staking. Others speculate that it might be a coordinated move to influence the token’s price, particularly if a sell-off occurs. Given the timing and magnitude of the withdrawal, concerns have also been raised about potential insider activities or market manipulation.

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📉 #Solana Dips To 5-Month Low As Memecoin Traders Retreat Post-LIBRA Scandal The cryptocurrency market is experiencing significant turbulence this week, with Solana (#SOL ) facing particularly steep challenges. As the excitement surrounding memecoins wanes, prices have dropped to their lowest levels in several months. Following the historic hack of the ByBit exchange and President Trump’s controversial tariff proposals, the overall crypto market has seen a downturn, with Bitcoin falling 12% in the past week. In contrast, Solana has plummeted 22%, reaching a new five-month low. 🔸 Solana Struggles As New Data Shows Dramatic Drop As reported by Fortune, the decline in Solana’s value can be attributed to its association with recent celebrity-backed memecoin scandals, particularly the #LIBRA incident. This cryptocurrency surged to a nearly $5 billion market cap before crashing, following promotion from Argentine President Javier Milei, whose involvement has sparked outrage and prompted an investigation. Zach Pandl, head of research at the crypto asset manager Grayscale, noted that this incident has highlighted the volatility and risks associated with memecoins, stating, “The current phase of memecoin trading on Solana is over.” Solana’s rise as the preferred blockchain for memecoin development was largely due to its low transaction costs, high transaction speeds, and user-friendly infrastructure. 🔸 Analysts Warn Of Potential Drop Below $100 While many memecoins lack intrinsic value and are often linked to scams, Pandl suggested that the recent memecoin frenzy had some positive impacts on the Solana ecosystem. “It onboarded users, generated revenue, and helped stress test the Solana blockchain in various ways,” he explained. “In that sense, memecoin trading is one of the many building blocks to developing the next generation of financial infrastructure.” Adding to Solana’s woes, the open interest for Solana futures has declined by 44% over the past month, dropping from an all-time high of $6.39 billion to just $3.57 billion today.

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🐋 What Crypto Whales Are Buying After the Market Crash? Whales bought LINK, and WLD amid significant price corrections across the crypto market. Strategic accumulation of these altcoins is occurring even as the broader altcoin market cap fell from $333 billion on January 19 to $245 billion currently. The notable increase in large addresses holding these tokens suggests major investors see value at current prices. This accumulation pattern across LINK, and WLD could indicate early positioning for potential recovery. 🔸 Chainlink (#LINK ) Like other altcoins, Chainlink has faced significant corrections recently, with its value dropping more than 13% over the past week. This decline has pushed LINK out of the top 10 cryptos by market cap, with its total value falling below $10 billion. The pressure on Chainlink price has been persistent. It has remained under $24 for nearly a month, indicating a sustained bearish trend in the market. Despite this downward momentum, potential signs of recovery are emerging. While the number of LINK whales – addresses holding between 100,000 and 1,000,000 LINK – decreased from 577 on February 4 to 566 on February 23, a notable reversal occurred on February 25. 🔸 Worldcoin (#WLD ) Worldcoin price has experienced a severe market correction over the past month, with its price plummeting more than 41%. This dramatic decline has significantly impacted its market capitalization, which now stands at $1.17 billion – a substantial drop from its peak of nearly $3 billion in December 2024. Such a pronounced downtrend reflects considerable selling pressure and potentially waning investor confidence in the Worldcoin project during this period. Interestingly, despite this sharp price decline, whale behavior suggests a potential shift in market sentiment. While the number of Worldcoin whales remained relatively stable throughout most of the month, fluctuating narrowly between 170 and 166, a notable change occurred on February 16 when large holders began accumulating WLD again.

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