It’s been a tough pre-Christmas week for Bitcoin ($BTC ). Over the past 7 days, the price has dropped by 8.01%, now standing at $95,443.99—a steep fall from the week’s high of $108,353.00.
But here’s something interesting: while the price is down, the capital inflow into BTC has flipped from a negative flow of -1,042.94 BTC to a positive 1,363.92 BTC. This could mean that despite the drop, big players or institutions might be quietly accumulating.
The technicals tell a mixed story. The MACD is hinting at potential bullish momentum, but the OBV and Bollinger Bands still show selling pressure and low volatility. These conditions could point to an oversold market—and possibly, a reversal soon.
Friends, what do you all think? Are we nearing a bounce, or should we brace for more turbulence? Let me know how you’re managing the ride!
Friends, if you're shocked by the rally on the trading charts and you're cringing at the thought of a bear market coming, stop panicking.
The cryptocurrency market is slowing down because we are approaching the holiday season. And under Christmas and New Year crypto-whales always take profits off.
The Crypto Fear and Greed Index, which tracks the crypto market's emotions, has plunged to its lowest level since Trump's election last month.
Monday's index touched 70, same as before Trump's election. He won many swing states and the Senate for the GOP.
From 0 to 100, this rating measures severe fear and greed. It guides traders and investors' purchasing and selling choices by determining market fear or greed.
Post-Trump victory, the index reached 94, signaling peak market greed and likely overvaluation. Before Bitcoin reached its peak, this high occurred. Dec. 17.
After falling below 70, the index still shows a greedy market with investors overconfident but less so. Some investors' risk awareness has also increased. Greed drives unfettered growth at 90, while investors start to notice corrections and bubbles around 70.
Bitcoin is at $95,488 and down Over 8% in the previous week. Investor emotion typically impacts asset prices, increasing swiftly when greed drives gains and declining dramatically when fear drives sell-offs.
Unity Wallet COO James Toledano advised on Bitcoin's holiday behavior. He compared Bitcoin's volatility to water's persistent wetness, saying Bitcoin is constantly volatile.
He stated, “Its behavior is always mixed and there is zero discernible pattern at the end of the year and going into the next.” Sometimes the new year price increases, sometimes it lowers.
He said that decreased liquidity may increase volatility, while limited institutional engagement may stabilize prices. Yearly exceptions arise when macroeconomic news or market events cause rapid adjustments.
Following 2024's ETF approval, the Trump factor, and other macrotrends, investor attitude will determine much this year. Unless unexpected news sparks volatility, a tranquil spell is probable. But because pro-Bitcoin Trump will return to the White House on January 20, I predict price action soon,” he said.
In the cryptocurrency world, mastering 8 rules is like having a cheat code.
First: The more you lose in trading, the more cautious you should be about averaging down. The cryptocurrency market has many traps; many people become anxious after being stuck in a trade and instead of thinking about exiting, they keep averaging down to lower their holding costs, hoping for a sudden surge to break even. This actually goes against common sense.
Second: Avoid continuously adding to your position while trading. If you haven't developed the ability to make a profit, don't keep adding to your account. Losses indicate that your trading system has flaws; at this time, you shouldn't try to fill the gaps by averaging down. Instead, reflect on your strategy, and after calmly exploring an effective method, it's okay to increase your investment.
Third: Trade in the direction of the trend. There are only three types of trends: upward trends, downward trends, and consolidation trends. Undoubtedly, during a downward trend, holding light or even no positions while participating in an upward trend can significantly increase your chances of success.
Fourth: Maintain simple trading rules and easy confluence points. When a candlestick pattern that fits your system appears on the chart, you can start trading. Be sure to set stop-loss orders and control your position size.
Fifth: Don't add to your position lightly, especially when you are losing. The more you average down, the greater your risk becomes.
Sixth: Learn trend analysis; add to your position after breaking resistance and short after breaking the main distribution zone. After prolonged upward movement (with significant gains approaching a sensitive period), there will be short-term fluctuations at high levels.
Seventh: The mentality of being eager to make money is a major taboo in trading. If you can't control your own heart, greed, and desires, you won't be able to succeed in the market for the long term.
Eighth: Allocate assets reasonably; don't put all your eggs in one basket. "Don't put all your eggs in one basket" is the golden rule of investing, especially in the high-risk cryptocurrency market. Asset allocation and diversification are extremely important.
Regulators have long said that Tether is not a transparent company, hiding its real figures
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Brayan-0620
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I've seen some people talking about an issue with the USDT coin, below I confirm that it is true. But not worldwide, but in Europe.
Yes, it is true that USDT will no longer be available in Europe before 2025. Starting December 30, 2024, all exchanges in the European Union will have to remove USDT from their listings due to the entry into force of the MiCA Law (Regulation for the Market in Cryptoassets). This regulation requires that stablecoins listed on centralized exchanges be issued by entities with electronic money licenses and that they keep at least two-thirds of their reserves in an independent bank. Since Tether, the issuer of USDT, does not meet these requirements, its stablecoin will be removed from the European market.
In contrast, USDC, issued by Circle, does comply with MiCA regulations and will continue to operate in Europe. Circle obtained the necessary license in July of this year, allowing its stablecoins, USDC and EURC, to remain in the European market and capture a considerable portion of the trading volume.
Exchanges such as Binance and OKX have already delisted USDT, and other operators have until December 30 to comply with the regulations. This move also led Tether to suspend support for its euro-pegged stablecoin, EURT, on November 27, marking a clear setback in its influence within the European market.
ATTENTION Rlusd, who supports xrp can explode with this 😎, up to the same as usual with OM
It’s been a tough week for Bitcoin ($BTC ) holders. Over the past 7 days, BTC has dropped by 5.46%, now sitting at $97,092.01—a significant 10.39% below its weekly high. Adding to the concern, trading volume has plummeted by an astonishing 99.77%, signaling a sharp slowdown in market activity.
What does this mean for us as traders or enthusiasts? The technical indicators offer a mixed bag. The MACD shows some bullish sentiment, but the price action doesn’t agree—it’s still heading south. The RSI feels neutral at first glance but seems to carry underlying bearish vibes. The OBV trend? Also pointing downward. And with Bollinger Bands expanding, it’s clear we’re in for a ride—volatility is ramping up.
These are the times that test us as a community. How are you all navigating these swings? Share your strategies—I’d love to hear your thoughts!$BTC
Corrections are an integral part of any market, including the cryptocurrency market. Continuous price growth is impossible, as eventually, traders exhaust the demand for assets at high prices. Similarly, declines don’t last forever—new buyers always emerge at lower levels.
These cyclical processes drive market dynamics. For traders, they can offer opportunities for profit or, unfortunately, lead to losses. The key is understanding market patterns, managing risks, and making calculated decisions.
So, my friends, last week corrections are not a cause for panic but rather a chance for analysis and the development of new strategies.
A new rate cut means more global liquidity. Once we see this breakout, the best part of the bitcoin bull market will begin. So, be patient, don’t panic!
Friends, if you are shocked by the level of volatility in the market, just remember that Christmas is coming. That means all the big players are locking in their profits. The holiday will be over, the market will return to its normal state. So HODL and no panic. Merry Christmas, everyone!
I got an SMS from Binance that I just logged in from Utrecht and if it wasn't authorized by me then I should call the provided number...have you ever had anything like that?
🚨 In the crypto world, rugged refers to the unpleasant experience of falling victim to a rug pull—a notorious scam where the developers of a project vanish, taking all the funds locked in the smart contract with them. Imagine investing in what seemed like a promising project, only to see the team disappear faster than a mooning meme coin! 🚀💸 The term "rugged" has also evolved beyond its scammy roots. It’s now often used to describe any situation where someone feels cheated or unfairly treated
The global cryptocurrency user base has officially surpassed 18 million—a milestone that signals growing adoption and an increasingly mainstream presence. But what does this mean for the future of the crypto market?
This surge reflects a shift in public perception. What was once considered a niche interest for tech enthusiasts is now gaining traction among everyday users and institutional players alike. More people are exploring the value of decentralized systems, from digital payments to asset ownership.
As adoption grows, we’re likely to see increased interest in Web 3.0 technologies, better infrastructure, and more accessible on-ramps for users. However, with growth comes challenges: scalability, regulation, and education will all play key roles in shaping crypto’s trajectory.
What’s your take on this milestone? Could we be entering a new phase of global adoption, or is this just the beginning? Share your insights—we’d love to hear your thoughts!
Justice for Peanut: Binance Caught in a Squirrel-Sized Lawsuit
An unusual crypto saga is unfolding: Mark Longo, the former owner of a famous squirrel named Peanut, has filed a lawsuit against Binance, alleging unauthorized use of his pet’s image. According to Longo, Binance allowed the use of a squirrel-in-a-hat photo—allegedly Peanut’s—for the logo of the memecoin Peanut the Squirrel ($PNUT ), traded on its platform.
Longo, now spearheading the Justice for Peanut ($JFP) movement, argues that this is a blatant misuse of his intellectual property.
Bitcoin has shattered the 106,000 USDT benchmark, now trading at 106,013 USDT as of Dec 16, 2024, 15:12 (UTC). This marks a solid 3.13% gain in 24 hours, signaling renewed optimism in the market. Could this be the start of a new bull rally? Stay tuned as BTC’s momentum builds! 📈
What’s your prediction—higher highs or a cooling-off soon? Share your thoughts! 💬 $BTC
If you’ve been in the crypto space for a while, you’ve probably seen the phrase “Funds are safu” floating around. This meme became a staple thanks to its connection with the Binance Secure Asset Fund for Users (SAFU) — a safety net protecting traders' funds in case of mishaps. 🏦
Interestingly, the expression popped up before the actual fund existed, and it owes its origins to a humorous twist on the pronunciation of the word “safe” in certain accents. Fast forward, and “Funds are safu” now wor
In the crypto world, “bulla” and “bera” are playful misspellings of “bull” and “bear.” These terms symbolize market sentiment, where bulla represents optimism and rising prices 🐂📈, while bera reflects pessimism and price drops 🐻📉. No one knows for sure where these quirky misspellings came from, but they’ve become a beloved part of crypto culture.
Each has inspired countless memes, from triumphant bulls riding rockets 🚀 to forlorn bears sipping coffee in the rain. So, are you feeling bulla
A Cautionary Tale from Austin: Early Bitcoin Investor Sentenced for Tax Fraud
Cryptocurrency offers unparalleled opportunities, but it also demands a high level of responsibility. A recent legal case in Austin, Texas, serves as a stark reminder of the consequences of neglecting tax obligations. An early Bitcoin investor who made $3.7 million in cryptocurrency sales was sentenced to two years in prison for falsifying his tax returns. Instead of reporting his substantial earnings, he declared only $500,000, significantly underrepresenting his income. This case exemplifies h
In the rollercoaster world of crypto 🚀💭, there's one universal truth: when markets tumble or soar, emotions run wild. That’s where Copium and Hopium come in! These playful terms are borrowed from internet culture and have firmly planted their roots in the crypto space: Copium (a mix of "cope" and "opium") is what traders "inhale" to deal with bad trades or market crashes. It’s the ultimate emotional band-aid. Hopium (a blend of "hope" and "opium") is that sweet, irrational optimism that prices