A recent analysis of blockchain on-chain data reveals significant market sentiment shifts, particularly around the $63.8K price level. The net value of long versus short positions, represented by a black line, indicates that a substantial short liquidation event occurred, with a delta exceeding -$664M. This suggests that a large number of short positions were forced to close at unfavorable prices, potentially triggering a market correction.
Notable spikes in liquidated positions often signal changes in market sentiment, as retail investors are compelled to adjust their positions. The observed data underscores the importance of monitoring long/short deltas to anticipate market movements and sentiment shifts.
Many of you have likely read articles or other posts around the web about the upcoming XAI unlock. Weâve seen numbers as high as 79%. These reports are incorrect.
Ahead of the upcoming unlock, we're announcing that the Xai contributors have agreed to relock their July unlock tokens over 6 months. This brought the team number down from ~85M to ~17.7M in July.
The upcoming July unlock includes: Investor: ~72.3M Team: ~17.7M Advisor: ~4.2M DAC: ~5.2M Xai Foundation: ~8.5M
The sum of all of this is approximately ~107.9M tokens unlocking in July. The current circulating supply of XAI is ~300M tokens. The ~107.9M tokens account for a ~36% increase, resulting in about 26% of the new circulating supply total. Please note the current totalSupply is 1,473,270,834. Also note esXAI is not counted amongst circulating supply as it is non-transferable.
All tokens unlocking from each allocation are unlocked on a daily unlock, not monthly. This is for all months, not just July. This means there is not a single day where a large amount of tokens will unlock all at once. Thank you for your support.
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#altcoins We're probably facing the biggest Altseason in at least 4 years.And the beauty of it? If you look at the history, it won't be long before it starts.Many will only realise it once it's too late.The next targets for TOTAL 2?
â«ïžTARGET 1: $1.27 T â«ïžTARGET 2: $1.71 T
Once Total 2 is able to break above the old horizontal resistance level at around $1.27 T and hold above it, we'll see a fast move up to the old all time highs of 2021 at around $1.71 T. Above that, is when the REAL Altcoin FOMO begins. At this point $BTC Dominance is already in the process of breaking down and Altcoins will have the perfect conditions to thrive.
#BTC will likely already be above $100k at that point and the overall Crypto market will be in the euphoria stage. Dumb money will begin to enter the space, thinking they are still early in the market cycle.As they will begin to realize how revolutionary Crypto really is, they will become extremely bullish.
This is when the REAL parabolic pumps begin!
It will be normal for Altcoins to just casually 10x in only just a months time... You'll see old friends suddenly reach out to you for crypto advice... Risk awareness will completely go out the window... Coinbase will once again be Nr. 1 in the app store... Celebrities will get involved with crypto again... You'll see absurd price targets, for example $1M for $BTC...
âïžSTOPâïž
THIS IS THE TIME TO EXIT THE MARKET! If you then see these warning signs in the chartsđ
â«ïžLower highs & lower lows â«ïžTrendlines/patterns broken to the downside â«ïžRSI/MACD bearish divergences â«ïžBig candle wicks to the upside â«ïžBearish engulfing candles â«ïžDecreasing volume with rising price
you need to take profits!The more bearish technical indicators like this you'll see in confluence on the weekly or daily timeframe, the higher the likelihood that the top is in!
Do not ignore these signs & think this time is different! The next months will be truly life-changing. Stay focussed now and don't get complacentĆ.
What i have learnt in 6 years of my crypto experience :- 1) Never FOMO in. 2) Never Buy on first day of listing, i bought ICP and got rugged. 3) Technical analysis can go in vain. it's all about whales. we are shrimps. 4) control your emotions . 5) don't lock your assets (except flexible lock) 6) distribute your portfolio with 70% coins in top 30 and rest 30% other alts ,memes ,trends etc.. 7) Focus on one influencer whom u like and relate and follow his signals. don't go for others. you will get confused 8) always keep usdt for dips. never spend all usdt in one dip. 9) find coins in which community distribution is strong and team has less than 10% of coins so that they cannot manipulate price. 10) lastly, don't put your lifetime savings in here. it can literally go to lows any day. it , <backed by nothing . $BTC