Crypto expert with deep market understanding, adept at analysis and trading. Proven track record of successful trades, offering informed insights and strategic
BTC's correction yesterday is normal in a bull market and I'm not too surprised by it. And what lesson do you learn here? It is always necessary to set a stoploss and do not use too high leverage when trading the futures market. You're lucky if you weren't liquidated yesterday and still have a position. The higher BTC goes, the stronger the correction, so remember this and prepare your knowledge when trading so that your account is always safe from major market fluctuations in the future.##BTC #etf #XAI $BTC #$XRP $ETH
Hong Kong will allow retail access to exchange-traded funds (ETFs) that invest directly into cryptocurrencies. The Securities and Futures Commission (SFC) is prepared to authorise funds with direct exposure to virtual assets, including spot virtual asset ETFs, according to a circular jointly issued by the securities regulator and the Hong Kong Monetary Authority.
Spot crypto investment products should meet the same requirements Hong Kong regulators have for mutual funds and other structured investment products, the circular stated.
Product issuers should also have a “good track record of regulatory compliance,” the SFC added, and employ “at least one competent staff member with relevant experience in the management of [virtual assets] or related products.” The regulators will also establish a list of permitted tokens that funds are allowed to hold, which are also available for spot trading on Hong Kong-approved crypto exchanges.
After announcing in October last year the city’s goal to become a global virtual-asset hub, Hong Kong authorities have put in place a new regulatory regime for centralised exchanges, which allows licensed platforms to accept retail investors. Only two companies have so far received licences, as nine other firms await approval of their applications. #BTC #HongKong" #Launchpool #CZSanta
Friends, today I came across an interesting infographic. It shows the inflow of liquidity to the market. Looking at it, we can see a pattern that the total inflows into ETH and BTC are now accelerating at the same pace as before the bull market in 2020 and 2021.
Some might say that this is just a normal spike in market activity. However, for all the times this indicator has reached its current values, it has NOT fallen back to its starting point anytime soon.
It is not worth saying directly that this signals the beginning of another global bull cycle. But it is a very important indicator. And I think no one will argue that the market is in very good conditions now: new projects are coming out, BTC is flying up, big projects are making loud announcements, etc. Looks like it's started... #BTC #AltcoinsRising #NTRN #MarketPerformance #ALPHAUSDT