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đšEmergency Update #BTC Posted
$BTC TC Currently Trading on 50000$ Zone & its High for this Year New Which is 50340$ & I Know Above 48800$ is Clear Liquidations Sweeps for Shorts & as You Know We I am the Expert of #BTC Update, You Can Check Our All Analysis which we Post on our timeline Previous - So Yes #BTC Daily Closing Will Be Below 50K$ then We Will See A Big Move From Bitcoin that's We Will See Again $BTC 44800$-4250041800$ - 40200$ these Zones are waiting For Bitcoin, I am Going With some Shorts Positions Now,
I am opening Shorts Positions on BTC from (50K$)
& Doing Short From 2640$BTC #Write2Earn #TrendingTopic
$BTC TC Currently Trading on 50000$ Zone & its High for this Year New Which is 50340$ & I Know Above 48800$ is Clear Liquidations Sweeps for Shorts & as You Know We I am the Expert of #BTC Update, You Can Check Our All Analysis which we Post on our timeline Previous - So Yes #BTC Daily Closing Will Be Below 50K$ then We Will See A Big Move From Bitcoin that's We Will See Again $BTC 44800$-4250041800$ - 40200$ these Zones are waiting For Bitcoin, I am Going With some Shorts Positions Now,
I am opening Shorts Positions on BTC from (50K$)
& Doing Short From 2640$BTC #Write2Earn #TrendingTopic
In a stunning mishap, a bitcoin user mistakenly paid a whopping 4 BTC, equivalent to $172,000, as a transaction fee for transferring just 2.9 BTC. This extraordinary commission, 133% of the transaction value, is a staggering 29,992 times higher than the average network fee, currently $11.35. The incident, spotted by Whale Alert, a service tracking large cryptocurrency transfers, has sparked intense debate. While some suggest a simple error, others speculate on potential money laundering activities. according to Hash Telegraph.
Exorbitant fees are not new to Bitcoin; in November 2023, an unidentified user paid 83.65 BTC, over $3.1 million, citing a wallet hack. The AntPool mining pool, which received this fee, later agreed to refund it. Similarly, in September 2023, Paxos accidentally paid a $520k fee for a $2k transaction. The miner f2pool, recipient of this commission, returned the funds.
Exorbitant fees are not new to Bitcoin; in November 2023, an unidentified user paid 83.65 BTC, over $3.1 million, citing a wallet hack. The AntPool mining pool, which received this fee, later agreed to refund it. Similarly, in September 2023, Paxos accidentally paid a $520k fee for a $2k transaction. The miner f2pool, recipient of this commission, returned the funds.
As expected, Bitcoin is continueing the bull-trend, fueled by ETF optimism. However, with the whole market turning bullish, I'm taking a step back.
My target for this move from 26k was 48k, as often mentioned in my analyses. It seems a matter of time before 48k will be hit, especially once the ETF actually get approved and traders market buy their way in with >50x leverage.
In my most recent BTC analysis I wrote that I'm edging towards the expectation that the whole ETF approval will be a sell-the-news event. Check it out below.
As BTC moves up, it's going to hit 2 major resistances at the same time.
1: 48.000, which is the main resistance before the ATH.
2: The top of the bullish symmetrical channel.
I would not be buying at this point.
Nevertheless, I'm happy to be proven wrong. Once we confidently break through 50.000 I will switch back to a more bullish oriented market view. For now, I'm sitting on my hands.#BTC $BTC
My target for this move from 26k was 48k, as often mentioned in my analyses. It seems a matter of time before 48k will be hit, especially once the ETF actually get approved and traders market buy their way in with >50x leverage.
In my most recent BTC analysis I wrote that I'm edging towards the expectation that the whole ETF approval will be a sell-the-news event. Check it out below.
As BTC moves up, it's going to hit 2 major resistances at the same time.
1: 48.000, which is the main resistance before the ATH.
2: The top of the bullish symmetrical channel.
I would not be buying at this point.
Nevertheless, I'm happy to be proven wrong. Once we confidently break through 50.000 I will switch back to a more bullish oriented market view. For now, I'm sitting on my hands.#BTC $BTC
Crypto Market Suffers $218 Million In Liquidations As Bitcoin Price Rollercoasters On Fake SEC Tweet
$BTC #BTC
Over $218 million in crypto trades have been liquidated in the past 24 hours after a fake government announcement claiming that Bitcoin spot ETFs have already been approved in the U.S.
âą According to Coinglass, over $56 million in Bitcoin trades have been liquidated in the past hour alone. Over 72,000 traders were affected, with the largest single liquidation taking place on BTC/USD trade on ByBit for $6 million.
âą The Securities and Exchange Commission (SEC)'s official X page claimed on Tuesday that approval had been granted for Bitcoin ETFs to go live on all national securities exchanges.
âą However, SEC chairman Gary Gensler later claimed that the SEC's account had been compromised and that ETFs were not approved.
The @SECGov X account was compromised, and an unauthorized post was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.
U.S. Securities and Exchange Commission (@SECGov) January 9, 2024
âą Bitcoin's price skyrocketed to $47,800 on the news before immediately descending to $45,400 as the market digested what was going on.
Fox Business correspondent Charles Gasparino reported afterward that the SEC would need to investigate itself for market manipulation via the fake tweet, according to input from lawyers.
âą Bloomberg ETF analyst Eric Balchunas theorized that the tweet was real but mistakenly scheduled a day earlier than the SEC had intended to release their approval announcement.
âą Balchunas maintains that ETFs will likely go live on Thursday.
$BTC #BTC
Over $218 million in crypto trades have been liquidated in the past 24 hours after a fake government announcement claiming that Bitcoin spot ETFs have already been approved in the U.S.
âą According to Coinglass, over $56 million in Bitcoin trades have been liquidated in the past hour alone. Over 72,000 traders were affected, with the largest single liquidation taking place on BTC/USD trade on ByBit for $6 million.
âą The Securities and Exchange Commission (SEC)'s official X page claimed on Tuesday that approval had been granted for Bitcoin ETFs to go live on all national securities exchanges.
âą However, SEC chairman Gary Gensler later claimed that the SEC's account had been compromised and that ETFs were not approved.
The @SECGov X account was compromised, and an unauthorized post was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.
U.S. Securities and Exchange Commission (@SECGov) January 9, 2024
âą Bitcoin's price skyrocketed to $47,800 on the news before immediately descending to $45,400 as the market digested what was going on.
Fox Business correspondent Charles Gasparino reported afterward that the SEC would need to investigate itself for market manipulation via the fake tweet, according to input from lawyers.
âą Bloomberg ETF analyst Eric Balchunas theorized that the tweet was real but mistakenly scheduled a day earlier than the SEC had intended to release their approval announcement.
âą Balchunas maintains that ETFs will likely go live on Thursday.
Cryptoverse: Bitcoin derivatives traders bet billions on ETF future
Jan 9 (Reuters) - Will they, won't they? U.S. regulators are keeping crypto players on the edge of their seats as they weigh whether to give their blessing to bitcoin exchange-traded funds (ETFs).
Derivatives traders are already piling in, though, betting the Securities and Exchange Commission will give the green light to several ETF hopefuls this week and electrify the market.
Open interest, the amount invested in bitcoin futures, has steadily increased since October and leapt to $19.2 billion in early December, its highest level in two years, according to information platform Coinglass. It's now between $17 billon and $18 billion, up from the $9.5-$14.5 billion range seen for most of 2023.
"We eagerly await the SEC's decision," said analysts at analytics firm Amberdata. "This event has been factored into the options market's pricing since October, creating a heightened sense of anticipation."
It's been a long road for U.S.-listed spot ETFs linked to volatile bitcoin , which would allow access to the cryptocurrency via regular stock exchanges in a marriage with mainstream finance that could attract big investors.#BTC $BTC
Jan 9 (Reuters) - Will they, won't they? U.S. regulators are keeping crypto players on the edge of their seats as they weigh whether to give their blessing to bitcoin exchange-traded funds (ETFs).
Derivatives traders are already piling in, though, betting the Securities and Exchange Commission will give the green light to several ETF hopefuls this week and electrify the market.
Open interest, the amount invested in bitcoin futures, has steadily increased since October and leapt to $19.2 billion in early December, its highest level in two years, according to information platform Coinglass. It's now between $17 billon and $18 billion, up from the $9.5-$14.5 billion range seen for most of 2023.
"We eagerly await the SEC's decision," said analysts at analytics firm Amberdata. "This event has been factored into the options market's pricing since October, creating a heightened sense of anticipation."
It's been a long road for U.S.-listed spot ETFs linked to volatile bitcoin , which would allow access to the cryptocurrency via regular stock exchanges in a marriage with mainstream finance that could attract big investors.#BTC $BTC
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Token2049
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#bitcoinupdate2024 đšđšđš "As I mentioned in my last post that we are present in the 4th wave, and the 5th is yet to come. Now, we are in the 5th wave, and it is essential to see where the 5th wave ends. I have been informing you all the time from the beginning till now, posting after the completion of each single wave. Just as I showed you, Bitcoin has prepared the chart in the same way since the start. All the guidance I provided to everyone is here in front of you in each post. Those who have been following me since the beginning know how many people were bearish a few days ago, but I guided you that nothing like that would happen. When Bitcoin dropped to 52k, people were in panic, and at that time, no one had an idea. I guided you based on technical analysis from the start until now, and the result is in front of all of you. Anyone in need of guidance can mention their number in the comments."
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