PCE released news, $BTC decreased following major indexes, many altcoins are still fine, recovering quickly, however this section is risky for news fluctuations: June 7 - nonfarm June 12 CPI 13.6 FOMC Meeting$BNB $BTC
- The spot situation has decreased in sales => the sell limit has matched the 70-72k range according to the previous update
- A positive signal appeared when Perp had a large limit order vol > 1.5B
- Price ran ahead of the news, when US GDP in the first quarter decreased compared to forecast traders' expectations, SP500 also adjusted to the support zone (Bad news is out, BTC still recovered well)
- The US has pumped support money since May 29 (updated). Today, the price of nearly 5B option expires and the price may fluctuate around there => After expiration, the price tends to go in one direction.
My personal plan is not to wait for BTC to adjust so I can put the remaining USDT into this price range with the base coins in good entry (There are updates in the group).
➡️The price of $BTC moved very uncomfortably but Open Interest increased in the short term. ➔ There has been buying force to support the price since May 29 when $BTC moved in the support zone.
With 1 day left to close the monthly candle, the weak price movement of $BTC in the past few days could be the last attempt to shake off before closing the monthly candle. A large amount of liquid long has not yet been liquidated, the market may fluctuate strongly at the end of May before entering a promising June #BTC☀
The token merger event of 3 projects AGIX, FET, OCEAN has been set for a new date of June 13, 2024. #AIprojects are showing signs of going against the market, top gainers are $PHB and $ARKM. #fet #OCEAN #agix $FET
#Wintermute transferred 10M tokens to the Optimisim project wallet 14 hours ago, and also deposited 700K tokens on Binance 4 hours ago. 2 days earlier, there was also a move to collect 4M from the exchange to the wallet.
There can be 2 cases: MM's token maturity date for the project is reached, or Wintermute is hired to collect the tokens (the second possibility is lower because the project can do this itself)
$ONDO continues to create ATH, marketcap reaches 1.6 billion USD => for leadtrend projects, looking at the cap to buy will make you easily miss the train, especially for trends with cash flow from tradfi. #BlackRockcontinuously moves to pour stablecoins into the Ondo Finance protocol.
Backer and cash flow are important factors driving that trend and leadtrend project, chart $ONDO shows that the upcoming wave 3 of#RWAwill be like#AIat the beginning of the year.
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[1] Record quarterly revenue reached $26.0 billion, up 18% from the fourth quarter and up 262% year over year.
[2] Record quarterly Data Center revenue reached $22.6 billion, up 23% from the fourth quarter and up 427% year over year.
[3] 10-1 stock split effective June 7, 2024.
[4] Quarterly cash dividend increased 150% to $0.01 per share on a post-split basis.
=> Fundamentally, all figures are good and still growing. Importantly, revenue and net profit both increased compared to Q4/2023 and exceeded previous expectations.$BTC #bitcoin
⁃ The crypto market increased sharply because the crowd was expecting that "ETH ETF will be approved today". (May 23 US time). Usually announced around 4pm in the US (or 3am in Vietnam).
⁃ Some robots have discovered that Binance added a TON port today. TON holders feel warm inside because they think Binance is about to list TON on Spot.
⁃ Trump pledges to build a 'crypto army'
⁃ Metamask is about to integrate to store Bitcoin.
⁃ Animoca plans to buy more $EDU from the market.$BTC