📈 Is the next upward impulse near? It looks like history i | TopCryptoNews on Binance Square

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📈 Is the next upward impulse near?
It looks like history is repeating itself. In this case, after a slight consolidation, Bitcoin has a chance to fly up, notes trader Jelle.
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⭐️ Grayscale Files Updated Prospectus for Bitcoin Covered Call ETF Following Options Approval Grayscale Investments has filed an updated prospectus for its Bitcoin Covered Call ETF (exchange-traded fund). It signals a swift action after the Commodity Futures Trading Commission (CFTC) approved the listing of spot Bitcoin ETF options. 🔸 Grayscale Pursues Bitcoin Covered Call ETF The fund, which will offer exposure to Bitcoin and the Grayscale Bitcoin Trust (GBTC), aims to generate income through actively managed call and put options on Bitcoin exchange-traded products (ETPs). The prospectus was originally filed with the US Securities and Exchange Commission (SEC) in January 2024. According to the filing, the ETF will achieve its objectives by providing exposure to GBTC. Beyond that, it will also employ a covered call strategy. This means it will sell call options to generate income while holding Bitcoin or GBTC as collateral. “The fund seeks to achieve its investment objective primarily through actively managed exposure to Grayscale Bitcoin Trust (GBTC) and the purchase and sale of a combination of call and put option contracts that utilize GBTC as the reference asset,” the January filing read. James Seyffart, an ETF analyst at Bloomberg Intelligence, commented on the development. In his opinion, Grayscale is capitalizing on the approval for Bitcoin ETF options. “Grayscale wasting no time after BTC ETF options approval. They’ve filed an updated prospectus for their Bitcoin Covered Call ETF (no ticker yet). The fund will offer exposure to GBTC and BTC while writing and/or buying options contracts on Bitcoin ETPs for income,” Seyffart remarked. It comes after the US Securities and Exchange Commission’s (SEC) approval of options trading for spot Bitcoin ETFs. This regulatory milestone, announced last month, allows ETF issuers to integrate options strategies into their Bitcoin-focused funds. Among other benefits, this opens up new avenues for investment. #GRAYSCALE

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📊 NEAR Targets $8.5, but Will THIS Level Stand in the Way? NEAR surges 41.23% in the past week, targeting $8.5 with key resistance at $6.406. Bullish indicators, including Parabolic SAR and BBP, suggest continued upward momentum for NEAR. Rising development activity and favorable market conditions support NEAR’s potential for further gains. Over the past week, Near Protocol surged by 41.23%. At press time, NEAR has climbed 12.78% in the last 24 hours. This momentum signals a possible continued rise. However, a key price level stands between NEAR and its next big move. The question is whether NEAR can break through this barrier and target $8.5, or if the rally will stall here. 💬 Gm bulls First target for #NEAR hit this morning in my sleep. Looking to ride this mfer a little higher 🤝 🔸 NEAR’s Path to $8.5: A Crucial Resistance Ahead NEAR recently broke a descending trendline, triggering the latest surge. This breakout, combined with a push past the $5.548 resistance, has paved the way for further gains. But now, a new challenge lies ahead: the $6.406 resistance level. This could slow NEAR’s progress, as strong selling pressure likely exists at this point. If NEAR can maintain bullish momentum, breaking this resistance could open the door to a 33% rise. This would bring the token close to $8.520. However, if NEAR fails to break through, a consolidation phase could begin. In that case, the price may move within a range between $6.406 and $5.548 for a while. 🔸 Technical Indicators Point to Continued Growth Technical indicators support NEAR’s upward trend. The Parabolic SAR is bullish, showing that momentum is building. Dots below the price confirm the upward direction. Meanwhile, the Bull/Bear Power (BBP) shows that buyers are dominating. The chart’s green bars indicate strong bullish strength, suggesting that NEAR could keep rising. In addition, development activity around the NEAR Protocol is increasing. Higher activity often leads to price growth, and NEAR is seeing positive signs in this area. #NEARProtocol

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💥 World's Popularity Soars in Argentina: Over 2.2 Million Registered Users Argentina has become the country where World, the biometric ID project, is most popular, with over 2.2 million registered users despite backlash from authorities. The company plans to expand its footprint in the country by implementing home-based iris scanning options next year. 🔸 Argentina Becomes World’s No. 1 Nation Amidst Criticism World, the proof of personhood project, is enjoying a popularity surge in Argentina, where citizens see its offering as compelling. According to the organization, out of more than 7 million users registered, over 2.2 million are Argentine citizens who are enticed to register their personal biometric information by the bounty delivered in WLD, the project’s official token. However, the popularity of the project has not been free from criticism, and World has faced increased oversight from regulators in Buenos Aires, which ruled against the institution after a probe that resulted in a fine of $200,000 due to several National Consumer Defense Law violations. However, despite all this opposition, the company has made Argentina a pivotal part of its Latin American deployment. In June, it announced an expansion that would bring over 50 orbs—the machines that allow users to scan their irises—to ten cities, including two special locations focused on educating the public about the relevance of World’s objectives. The company has accelerated its pace in Argentina, having recently announced the start of a pilot that seeks to ease the users’ burden of registering their information in the system. World announced the pilot that will take Orbs to homes across Argentina, in a partnership with Rappi, one of the largest delivery companies in Latam. This announcement caused a backlash in Chile, with personal data authorities moving to probe Rappi’s activities. However, the pilot is only limited to Argentina, according to Rappi’s statements. #WLD #Worldcoin

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⚡️ Dogecoin (#DOGE ) Struggles to Rally Past $0.40 as Long-Term Holders Exit Dogecoin (DOGE) recently surged to a three-year high of $0.43 on November 12 before retreating to $0.38, maintaining a 3% daily increase. However, on-chain data shows that the price spike has led many long-term holders (LTHs) to take profits. If this trend persists, DOGE risks losing much of its recent gains in the short term. 🔸 Dogecoin’s LTHs Sell For Profit BeInCrypto’s assessment of Dogecoin’s on-chain performance has revealed a decline in its Mean Coin Age over the past week. Per Santiment, this has dropped by 1% over the past seven days. Mean coin age refers to the average age of the coins in circulation. It gives insight into how long their owners have held coins before being moved or sold. When this metric falls, it means coins that have been held for a long time are being moved or traded more frequently. It is often a bearish sign that indicates that LTHs could be cashing out their profit. Moreover, the positive readings from DOGE’s market value to realized value (MVRV) ratio suggest that the meme coin is currently overvalued. This may have prompted its LTHs to want to sell for profit. According to Santiment’s data, DOGE’s current MVRV ratio is 232.36%. The MRVR ratio is a key metric used to analyze a cryptocurrency’s valuation relative to its historical price trends. It compares the market value (the current price of all coins in circulation) to the realized value (the price at which coins last moved on the blockchain). A positive MRVR ratio suggests that the market value is greater than the realized value. This indicates that the asset is overvalued. Historically, many view this as a signal to sell their holdings for profit. At 236.36%, DOGE’s MVRV ratio suggests that its current market value is 236% higher than its realized value. Therefore, if all its holders were to sell, they would realize 236% gains on average. Such a high MVRV hints at a prolonged period of price correction as more investors take profits. #DOGE #Dogecoin

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📣 Is It Altcoin Season? Here’s Why ETH Price Surge Is Crucial Altcoin season speculation mounts as altcoins such as Solana and XRP saw massive price rallies. QCP Capital reports on looming ETH price. Cryptocurrencies like Solana (SOL), XRP, Cardano (ADA), Tron (TRX) are taking charge with 15-90% gains over the past weekend. As Bitcoin and Ethereum moved sideways amid the altcoins pump, it has raised speculation about whether it is altcoin season. However, this rally remains incomplete without the ETH price surge as the world’s largest altcoin takes some rest at $3,000. 🔸 When Will the Altcoin Season Start? The real rally hasn’t yet started! Historically, altcoins have outperformed during consolidation phases following major rallies in BTC and ETH, as profits rotate into smaller-cap coins. QCP Capital noted that BTC dominance currently sits around 60% but would need to drop below 58% to confirm the start of an altcoin season. In its report, QCP Capital shows that the Solana price has witnessed a quick uptick over the last weekend gaining 17%, and is holding up to the crucial resistance of $240. Analysts at QCP noted that the pro-crypto stand of the Donald Trump administration has triggered a euphoria for an impending altcoin season. They also added that the BTC price eyes $100K amid favorable conditions. However, as the Trump administration resumes office in January, the investor appetite for altcoins could increase with the hope of favorable crypto policies. Despite Bitcoin ETF outflows last Thursday and Friday, BTC maintains robust support, driven by institutional interest. Furthermore, top corporations like MicroStrategy and Metaplanet have continued with massive Bitcoin purchases even at $90,000 levels. #Altcoin #Altcoins

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家人们，早上好呀昨天晚上BTC突破新高今天是要回调爆仓多头了吗？数据分析：从目前清算地图可以看出，当大盘回调

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