Throw of this coin while its price is normal. The fact is that only 65% of all mined $BNX are traded on the market. And if count all BNX coins that will technically be issued, then 17% of the coins are now in trading. When the remaining coins begin to be sold on the market, its price will collapse instantly.
Even the more popular and reliable $MANA (Decentraland), with better indicators, is now 5 times cheaper than BNX, which is absurd!!! Don't regret it, then it will be too late...
$BNX is completely manipulated by whales. At any moment, its price may collapse when whales begin to drain it. It is a speculative coin with no fundamental value, pushed up by bots of whales.
$BNX is very overpriced.
Don't make a mistake. Sell before it's too late. Don't lose your money.
The real target price for 2024 December - max 0.69
My dears Do you really believe that you can influence the price of Bitcoin? Know, that 2113 addresses (there may be even fewer people) control exactly 40% of all bitcoins. Look at the $BTC distribution for today. If these whales or humpback whales place at least 1% of their bitcoins on exchanges, the price will immediately and seriously adjust.
When will Bitcoin really grow up? Now the distribution of bitcoins does not even reach 0.7% of all humanity. When bitcoins become widely used as a payment instrument, then its price will rise significantly.
Now it's just a speculative asset and nothing more. The price has gone far ahead, and the asset itself does not have so much real benefit. So don't forget about it. The risk that the price may fall significantly is always present.
In the past 1 hour, liquidations of LONG positions comes in at $28.30M vs $668.71K of short positions. The market will begin to reverse in the near future. There will be an expected dump. Don't fall into the trap, now is NOT the time for buying. Don't even doubt it, $BTC will fall below $60,000, then below $55,000. And, in parallel with this, there will be a more serious correction of all altcoins.
What is a Bitcoin ETF? Why do many people naively believe that ETF organizers are the big buyers of Bitcoin? No no and one more time no. In simple terms, a Bitcoin ETF is simply an intermediary between the buyer of Bitcoin and its seller. This is a kind of financial instrument. That is, to buy bitcoins, a buyer who does not want to bother with crypto exchanges goes to a bitcoin ETF and buys a document there that confirms that the buyer has bitcoin. You have to understand that these large institutions that organize the ETF do not buy it themselves. That is, to be more precise, ETF funds buy bitcoins for their clients and with the funds of their clients. But they donât buy it for themselves and with their own funds. Thus, it is very unlikely that they will be able to influence the growth of the price of Bitcoin. Moreover, in fact, ETFs do not even risk their income from changes in the price of Bitcoin. It doesnât matter whether its price rises or falls, for each transaction the fund earns a commission from 0.25%. From this point of view, these funds are useless. In fact, it is even easier and more cost effective to buy bitcoins and any cryptocurrencies through spot or DEX exchanges, bypassing the unnecessary intermediary. Considering all of the above, there is doubt that Bitcoin or other ETF funds will have a good future and will somehow significantly affect the market.
Speaking specifically about Bitcoin, according to our calculations, its price will fall below the current support level of $63,000 and will soon test the range of $50,000-53,000. And here there will be a decisive level of confrontation between sellers and buyers. A prolonged sideways movement will determine the future fate of the first cryptocurrency and the crypto market as a whole.