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Will Mt Gox repayments be as bad for Bitcoin as expected? Analysts comment on the impact of Mt Gox's payments to its creditors on Bitcoin.

.::: NEWS ::::.
Defunct crypto exchange Mt Gox announced the other day that repayments will be initiated in Bitcoin (BTC) and Bitcoin Cash. The company is expected to repay close to $9 billion in BTC.

.::: ANALYSTS' COMMENTS :::::.
Analysts said that the nearly $9 billion in refunds set to begin in July may not affect the price of Bitcoin, but it's hard to say the same for Bitcoin Cash. Bitcoin Cash could experience a big drop during this period.

IG Markets analyst Tony Sycamore told Cointelegraph that historical factors can be looked at to make a concrete prediction about the impact of the upcoming redemptions. Sycamore said he estimates that an average of $4.5 billion worth of BTC could be released starting in July. According to the analyst, not every investor who receives the refund will sell their Bitcoins.

Sycamore suggested that the Mt Gox agenda has already been priced into the cryptocurrency market and that similar effects will not be seen when the sell-off begins. "Paybacks have been coming for a long time," the analyst commented.

The analyst pointed to strong support at the 200-day moving average. In light of this support, a recovery may come in the coming weeks. Sycamore said, "I think we just had a flush. The reason for this volatility is that Mt. Gox sale expectations," Sycamore said.

.::: WHAT HAPPENED ::::.
Mt Gox lost 940,000 BTC after being hacked in February 2014. After the troubled times, the exchange has put 141,687 BTC in the corner to repay creditors. The distribution of these BTC is starting. #Bitcoin #btc #MT.GOX #mtgox

Analysis Company Announced: "Altcoins Listed in Korea Are Pumping, These 23 Altcoins May Be Listed Too!"

In a statement, cryptocurrency analytics firm Layergg highlighted recent listings on Upbit, the second largest cryptocurrency exchange in the world and the largest in South Korea.

Upbit is now listing altcoins in the Korean Won (KRW) market, which it recently only listed as BTC parity, and according to Layergg, data shows that these KRW listings can result in some pumps in the prices of altcoins.

Based on this, the analysts listed the altcoins on Upbit that only have listings in BTC pairs and are candidates for listing in KRW pairs. Here is the list

◾ Chromia (CHR)
◾ API3 (API3)
◾ Audius (AUDIO)
◾ iExec RLC (RLC)
◾ Magic (MAGIC)
◾ Prom (PROM)
◾ Digibyte (DGB)
◾ CyberConnect (CYBER)
◾ Numeraire (NMR)
◾ Cartesi (CTSI)
◾ Omni Network (OMNI)
◾ Moonbeam (GLMR)
◾ Dent (DENT)
◾ Sun (SUN)
◾ ARPA (ARPA)
◾ Bancor (BNT)
◾ Orchid (OXT)
◾ Adventure Gold (AGLD)
◾ NKN (NKN)
◾ Radworks (RAD)
◾ Origin Protocol (OGN)
◾ Gitcoin (GTC)
◾ REI Network (REI)

📌 Not investment advice.

#BinanceHerYerde #Binance #Upbit #southkorea #altcoins

ETF BREAKING NEWS 📰:
THE MOST EXCITING MOMENTS IN YEARS.

Bloomberg ETF Analyst Eric Balchunas: "There's no update yet. We're waiting to hear something. I've seen two different people here claiming (without saying their sources) that it was delayed until later tonight, but we can't confirm that with anyone yet." That's all we know at the moment.

#ETH #SEC #ETF✅ $ETH

IF BITCOIN PRICE REACHES THIS LEVEL, EUPHORIA MAY BEGIN.

In a market report dated May 21, crypto analyst James Check stated that if Bitcoin reaches $73,000, extreme optimism may begin.

The market is not yet "overstretched, overbought and oversaturated," Check said. The analyst cited the short-term holder (STH) market value to realized value (MVRV) metric.

"While the transition from euphoria to the more intense side can happen quickly, we see that we have not yet reached that state..." Check said.

The crypto analyst believes that the peak in enthusiasm has not yet been seen.

Check also emphasized the possibility of short-term profit-taking wallets selling at the $73,000 level.

Several other analysts also agreed that market enthusiasm has yet to peak.

"Bitcoin is at $70,000, there is little excitement and no enthusiasm, we have to accept that," crypto trader Matthew Hyland wrote in a post on X on May 22.

"Bitcoin is just a fraction away from discovering new highs," crypto trader Jelle added.

Another influencer, Yoddha, believes that Bitcoin will reach its peak price before March 18, 2025:

"Bitcoin has been consolidating in the current range for the last 84 days, I think BTC will peak in the next 300 days."

Short-term MVRV indicator. Source: James Check

#BinanceHerYerde #Binance #btc #Bitcoin #SEC $BTC

Good News for Binance from the USA!

Court Canceled the Ban Decision!
According to Bloomberg, the Florida Court of Appeals overturned the Binance ban.

The world's largest cryptocurrency exchange Binance received good news from the US.

According to Bloomberg, the Florida Court of Appeals overturned the Binance ban.

Accordingly, the First District Court of Appeal in Florida overturned the ban on Binance on May 22 with a unanimous decision.

The court said in its ruling that state regulators failed to follow proper procedures when banning Binance in November 2023.

The court ruled that Binance's operations in the state could not be blocked under an emergency stop order issued by the Florida Office of Financial Regulation.

The Court of Appeal also noted that the Florida Office of Financial Regulation also stated that CZ's conduct would not justify the suspension of the license of Binance's Florida subsidiary.

Florida regulators' decision to suspend Binance came after former Binance CEO Changpeng Zhao pleaded guilty to the charges against him.

#cz #BinanceHerYerde #Binance #usa

**SEC Chairman Gary Gensler Continues Anti-Cryptocurrency Statements

SEC Chairman Gary Gensler condemned the crypto market bill to be voted in the House of Representatives. According to The Block, Gensler stated that he opposes the Financial Innovation and Technology for the 21st Century Act (FIT21 Act).

Gensler stated that this law would exempt blockchain and cryptocurrencies from the securities field and weaken investor protection. "The FIT21 law would undermine precedent on the supervision of investment contracts and put investors at great risk."

Former US President Donald Trump, who has a moderate approach to cryptocurrencies, supported the bill, while 60 crypto organizations such as Gemini, Kraken, Coinbase and Digital Currency Group also announced their support.#BinanceHerYerde #Binance #btc #Bitcoin #SEC

** A Perspective on Risk Management **

This article discusses key points on the importance of risk management in financial markets. Many new investors think that making money on money is easy, but seasoned traders know how difficult and stressful it can be. Risk management is a fundamental principle that every trader should not ignore and is critical to long-term success.

**Why Risk Management is not practiced

The biggest reason for not practicing risk management is that the gains are small. Many investors neglect risk management in pursuit of big gains in the short term, which leads to big losses.

**Consequences of Not Managing Risk**

Investors who fail to manage risk are doomed to lose in the long run. Investments that seem lucrative at the beginning can result in huge losses with one wrong trade. This leads to stressful, sleepless nights and psychological wear and tear for investors.

**What is Risk Management and How to Do It?

Risk management is a strategy that aims to minimize losses. This strategy makes it possible for investors to stay in the market for a long time and make regular gains. The risk/reward ratio (R/R ratio) is the basis of this strategy and the potential losses and gains of each investment are evaluated based on this ratio.

For example, if you have a balance of $1000 and risk 2 percent per trade, your maximum loss on each trade will be $20. This approach helps the trader to protect their balance and capitalize on market opportunities

**Conclusion**

Every investor who wants to succeed in the financial markets should be firmly committed to risk management. This strategy allows traders to stay in the market and increase their earnings. Even traders with low balances can succeed in the market with proper risk management. It is important to remember that success in the financial markets requires patience and discipline. This article aims to help traders understand and practice the importance of risk management

#BinanceHerYerde

#PORTFOLIO MANAGEMENT

Friends, first of all, the most important thing to do in the crypto market is a very good case management. You can earn by trading without doing this for a while 😊. The crypto market is very risky, anything can happen at any time, and no one is an oracle here, everything is impossible to predict. The success rate of transactions may be good, but even if you evaluate the analyzes without managing the vault well, it poses a serious risk, friends. In some periods, we can see what happens with a tweet

Everyone should have at least 30% cash, but sometimes you may need more. In the long and medium term analysis, entering with a large part of your safe is again a behavior that should not be done.

You can win 1 time by playing large amounts without proper cash management, you can win 2 times, but if you go wrong once, it will lock you in and prevent you from taking other opportunities.

So how do we do this case management, first of all, we have at least 30% cash. When buying, we buy gradually, for example, we will make a purchase of 100 dollars. First, we can buy 50 dollars, then we can add 25-25 according to the direction.

A potential crash can be an opportunity, let alone a blow, if you have distributed your bankroll well. Whether you play with only 50% of your bankroll and hold 50% cash, or play with 60% and hold 40% cash, it all depends on how much risk you can afford to take. I say at least 30%.

Reliable small steps pay much better than constant risks, friends. Earn 5-5-5-5, but don't go and put all the money in one coin and close yourself. Let's not put 3 coins and close your safe, please.

And finally, we never and never put all our cash in one coin, and please remember to stay away from leverage / margin or futures without having enough knowledge in spot trading. It should not be done for instant trade, it is gambling, let's not do this.
#BinanceHerYerde

PSYCHOLOGY MANAGEMENT

The most important thing in psychology training is to prevent our emotions from getting in the way of our own actions. Let me list them as rules for you to understand better:
1- We NEVER, NEVER invest all our money in one coin, this affects our psychology very badly and causes us to make mistakes.
2- We divide our vault into AT LEAST 5, friends, this should be the maximum money you can put.
3- We always keep +20% cash on the side (30% to 40% is ideal). So you will see the declines as a buying opportunity instead of savagery :).
4- If you are going to put a stop-loss, you can move away from the screen, friends. If you have a stop-loss order and you are watching it, this will stress you that it has already exploded, you have already put that stop-loss in the smartest place, relax.
5- In big declines, there is a final rise that we call dead cat bounce. While you are watching that decline, you say where is this going and sell from the bottom. Try NOT to sell, if you want to take it out of your hand when it rises, you can take it out. I repeat, do not give your property at the bottom.
6- The crypto market will constantly move up and down, friends, when you accept this as normal, you will find yourself watching this market more comfortably.

#BinanceHerYerde #Bitcoin #