Approximately 63 days remain until the Bitcoin Halving in April 2024
And ~60 days before the Halving, a Pre-Halving rally tends to occur (light blue)
History has repeated in this respect
In anticipation of the Halving, investors "Buy the Hype" in an effort to "Sell the News"
Short-term traders and speculators "Buy The Hype" several weeks before the Halving in anticipation of making a profit from this hype-fuelled rally
Then these speculators "Sell The News" to realise that profit, contributing to a Pre-Halving retrace which occurs only a handful of weeks before the Halving event itself
2. Final Pre-Halving Retrace
After the Pre-Halving Rally has concluded...
A Pre-Halving retrace tends to occur a couple of weeks before the Halving event itself (dark blue circle)
In 2016, this Pre-Halving retrace was -38% deep
In 2020, this Pre-Halving retrace was -20% deep
This Pre-Halving retrace can last multiple weeks, making investors question whether the Halving was a bullish catalyst on price after all
3. Post-Halving Re-Accumulation
The Pre-Halving retrace is followed by multi-month re-accumulation (red)
This period can last up to 150 days (i.e 5 months)
Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving
4. Post-Halving Parabolic Uptrend
Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green)
It is during this phase Bitcoin experiences accelerated growth on its way to new All Time Highs
In 31 Days, This Crypto Wallet Turned $1,010 Into $2,948,162
He didn't do it with $BTC or $ETH. He made it with AI coins: $PAAL: $0.01 $AGRS: $0.2 $SCANS: $0.06 Let's explore his trades 🧵👇
2/➮ I came across this whale while exploring hot pairs on DEXs. To conduct this research, I used: @ dexscreener - find profitable wallets @ etherscan - explore transactions history @ zerion - check out PnL Be sure to SAVE this list, so you can track smart wallets by urself
3/➮ Whale's Biggest Profit came from $PAAL ☩ He spotted this hidden gem in late July & didn't hesitate to aped in ☩ Purchasing $PAAL at AVG $0.011, he showcased true diamond hands. ☩ Profit and Loss: +$1,900,896.02
4/➮ This chart shows his brilliant entry point. ☩ He bought this token at unbelievably low prices. ☩ Most smart wallets do this with the help of sniper bots ☩ BONKbot for SOL: ☩ Unibot for ETH:
5/➮ Second profitable trade was on $SCANS ☩ Initially investing only $2,100, he managed to make x3.. ☩ All this in just 20 days of holding the coin! ☩ PnL: +$6,920.54
6/➮ Next Huge profit he made on $VAULT ☩ Purchased on November 8th, he hasn't sold a single coin so far. ☩ Profit and Loss: +$3,776.82
7/➮ The next asset he acquired was $OPTIMUS. ☩ The purchase was also made in early November. ☩ AVG cost: $0.19, he hasn't sold anything yet. ☩ Profit and Loss: +$2,358
8/➮ While his initial profit dwarfs subsequent trades, ☩ This smart wallet remains profitable, consistently delivering results. ☩ Perhaps these coins were acquired for alt season, awaiting their moment. 9/➮ This whale's earnings are nothing short of massive. ☩ Yet, blindly mirroring these moves could spell disaster. ☩ Emphasize on DYOR always! His wallet: 0x1029898f7d7f8cef3a347a6d7342cdf42f11532e If you loved this thread, don't forget to: ☩ Follow me @Crypto PM for more exciting content❕ ☩ Like, Repost, and leave a comment 🤍
Why Is Bitcoin Falling? Remarkable Statements on the Subject Have Been Made
#Bitcoin is expected to experience a pullback during the block subsidy halving with the next halving event taking place in April, but the timing remains uncertain. Popular investor and analyst Rekt Capital predicted Bitcoin price action replicating the 2016 and 2020 bull runs in his latest YouTube video on February 20. Why Is Bitcoin Falling? Bitcoin has been in a narrow corridor for over a week now, with the $52,000 level acting as a resistance zone. Although this has negatively affected the altcoin price performance as well as sentiment, experienced market watchers remain optimistic. By analyzing previous studies of all-time highs, Rekt Capital identified the key phases common to both bull market setups:
The Most Money Will Be Lost During the Taurus Period!! A Must Do If You Want to Gain Financial Freedom
Ladies and Gentlemen, in this week's article I will talk about the mistakes made rather than market analysis. Because just knowing the direction does not mean you will make money. We need to know how to use the money we have and be aware of investment risks. That's why this article is more important than my other 23 articles. I will give you the pleasure of watching from the outside the scenarios in which you will find yourself and which you will call yourself. The Most Money Will Be Lost During the Taurus Period!!
Bitcoin Options Trader Takes $20M Bet to Hedge Against Prices Dropping to $47K
The long-put "butterfly" strategy guards against a potential bitcoin price drop to $47,000 by the end of March.
The strategy, involving multiple trades, cost over $20 million.
A large bitcoin {{BTC}} options bet crossed the tape on Tuesday, aiming to profit from a potential short-term price drop in bitcoin with the floor at $47,000.
The trader bought 100 lots of March 29 expiry on crypto block trading service provider Greeks.Live, and put options at strikes $50,000 and $43,000, partly financed by selling 200 lots of similar expiry puts at $47,000.
A put option gives the purchaser the right but not the obligation to sell the underlying asset at a predetermined price at a later date. A put buyer is implicitly bearish on the market, while a call buyer is bullish.
The so-called block trade and comes at a notional cost of over $20 million, Greeks.Live told CoinDesk. A block trade is a large transaction executed off the regular public market and is considered synonymous with institutional activity.
The strategy will earn maximum profit if bitcoin falls to $47,000 on the expiry day. The forecast, therefore, is for prices to drop in the next few weeks but not below $47,000. The payoff diagram shows a maximum profit at the center and a fixed loss in case prices breach the two ends, mimicking the body of a butterfly. Hence, the strategy is called a "butterfly” bet.
The simulated payoff diagram shows peak profit at $47,000, with breakeven levels at $44,201 and $49,770.
“Whales have continued to add to their short positions, betting that bitcoin will fall slightly before March 29,” Adam, an analyst at Greeks.Live, told CoinDesk.
“Recent block trades have been concentrated in two directions - short price or long volatility. Term selection has mostly been concentrated before BTC halving. Looking at the characteristics of the trades, it is likely that traders are holding spot and purchasing hedging positions,” Adam added.
Do Bitcoin Funding Rates Point to Potential Liquidations?
Are you looking for an answer to the question of why I sometimes pay high and sometimes low transaction fees when trading with leverage? Here is the answer👇
Understanding Funding Rates 🎓
Funding rates are actually the fees paid between long and short positions in futures contracts.
They serve to keep the price of the futures contract close to the market price of Bitcoin.
Positive funding rates 📈
When more investors take long positions (betting that the price will rise), they pay the shorts a fee to maintain their long positions.
This indicates that bullish and long position holders are potentially overleveraged.
Negative funding rates 📉
When more investors take short positions (betting that the price will fall), the shorts pay a fee to the longs.
This indicates bearish and short positions are potentially overleveraged.
Funding Rates and Liquidations ⚠️
Periods of high positive funding rates can actually cause problems for long positions.
If the price falls and margin requirements increase, long position holders may be forced to liquidate their positions to avoid losses. This can act as a self-fulfilling prophecy, pushing prices downward.
But this is not always a guarantee. Price corrections may occur without reaching excessive funding rates, and conversely, high funding rates may not always lead to significant long liquidations.
Example 👇
In November 2023, funding rates reached 0.033% and then the price dropped from $37,000 to $35,000.
This event likely brought about some long liquidations, but there was no major price collapse.
✅ Result
High Bitcoin funding rates could be a warning sign of potential long liquidations.
The largest long liquidation in the 7th place may occur in the near future. Remember, past performance is no guarantee of future results.
10 airdrops for users of the Sui $SUI ecosystem will happen in February.
Be eligible to grab them all.
Potential - $7000 Cost - $0
Dive into the guide👇
Sui is a Layer 1 blockchain and smart contract platform designed to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution and sub-second finality
Airdrop Strategy
✧ Project with confirmed airdrops are mentioned in this guide ✧ Staking strategy is included in this guide ✧ Our goal is to become eligible for every future airdrop in the ecosystem
Use NAVI @navi_protocol
✧ Head to app.naviprotocol.io/market ✧ Supply funds ✧ Borrow & Repay
Swap on Kriya @KriyaDEX
✧ Head to app.kriya.finance ✧ Make swaps ✧ Add liquidity ✧ Check 'Rewards' tab
Trade on Bucket Protocol @bucket_protocol
✧ Head to app.bucketprotocol.io ✧ Select 'Position' ✧ Add liquidity to the pool
Use Turbos Finance @Turbos_finance
✧ Head to app.turbos.finance ✧ Make swaps ✧ Add liquidity
Stake with Volo @volo_sui
✧ Head to stake.volosui.com ✧ Supply $SUI
Stake with Scallop @Scallop_io
✧ Head to app.scallop.io ✧ Supply funds to the pool
Stake with Haedal @HaedalProtocol
✧ Head to haedal.xyz/stake ✧ Supply coins
Stake with Martian @martian_wallet
✧ Head to portfolio.martianwallet.xyz ✧ Select 'Stake' > Stake Sui > Stake more ✧ Confirm staking
Final
By following this strategy, your wallet will be eligible for ✧ 10+ projects airdrops ✧ Staking rewards ✧ Possible future rewards for the Sui $SUI ecosystem users