Onchain: #BTC continues to withdraw net and reduce supply on the floor + Area 66k2-66k9 last moved value is 248k and 278k BTC respectively Currently area 65k5 reaches 90k BTC => Fish collected and withdrawn in high area Firechart : CVD cash flow weakens, the selling wall is more than the buying wall, it is highly likely that it will continue to decline slightly to 62k in the next few days (will update more cash flow when there are changes) ==> Short term BTC may return to the 66k2 or 66k9 area and continue to decrease to the next expected liquidity area 62k$BTC
#ETH_USDT After Oder CVD Brown bought strongly to support the price at #ETH in the 3150-3230 range and then continued to buy after the US interest rate news. After that, all oder fomo was strong in the 3k5 zone, then the reselling pressure increased. The fish built a wall to sell very thickly in the 3k6 zone, then the purple fish jumped in and sold to overwhelm the 3k55 zone. Looking down, there is short support in the 3k44 area, but it's quite weak — below that there's almost no buy wall.
==> Conclusion: Since news #Sec is considering ETH as a security, psychology is dominated by ETH and needs further observation. AD alone sells all ETH > 3k5 waiting for another round
LATEST: Despite #GBTC seeing an outflow of -$590m on Friday, The Nine overwhelmed it with /+$623m (3rd best day), IBIT & #FBTC both >$200m while #BTCO & #HODL had the best sales so far. TOT NET FLOWS stands at +$1.2 billion as Nine's Aum reaches $4 billion vs. GBTC- $2.8 billion, increasing AUM shares by 14%. 9 funds #ETF owns 95,300 BTC ~ $4 billion after 6 trading days (Excluded #GBTC) Source: Eric Balchunas
The 36k sell wall has been removed and the fish have now moved their bases to 38k and 40k in line with the true value on the 2y-3y age range. The order line 100k - 1M (purple) is participating in the early morning to support the uptrend.#binance#btc#Defi#NFT# Web3#ETH#XRP#SEC#Polkadot #Ripple
We have made the next round of investment in @CyberConnectHQ , a decentralized social network. We see SocialFi's potential to bring Web3 into the mainstream, and we're hosting an AMA to explore social integration opportunities across the ecosystem. Keep stable!
BITCOIN COMMENTARY TODAY October 30, 2023 *Bitcoin closed the week up more than 15%, helping to revive spot trading volume on CEXs, exceeding $24 billion, the highest since March 2023. Crypto market capitalization goes against the stock market with positive sentiment. (FIGURE 1) EVENING NEWS VIA NEWS: • VanEck revised the Bitcoin Spot ETF application, using Bitcoin directly to raise initial capital instead of cash. • The community is waiting for big news from the Solana Breakpoint event, taking place from today • Google poured another $2 billion into AI company Anthropic - in which Sam Xoan holds shares, increasing the possibility of FTX recovering 100% of its assets. • Ethereum confirms that the Dencun upgrade will not be completed in 2023 => timing for $ETH and Layer 2 may move to Q1/2024. *TODAY October 30, 2023 HEAD MAP: Buy wall around 32k8-33k4 acts as short-term support, sell wall around 34k8-35k1; 36k and most concentrated around 40k. The order flow into the market weakened under the pressure of short-term profit-taking by retail, large orders were not sold - On Firechart headmap BTC continued to move sideways bottom 33k-33k4 peak 34k7-35k short term.(FIGURE 2). * OVERVIEW OF INDICATORS: The amount of stablecoins on the exchange continues to be low and created 2 bottoms, bottom 1 around June 11. Yesterday 74M$ was deposited into the exchange (FIGURE 3). Although the price increased all week, the amount loaded into the floor was quite small. The selling mentality prevailed in the derivatives market-----BTC's adjustment is just the profit-taking pressure of retail. On the Weekly Frame: $BTC closes the Morubozu candle with a small wick on the top and MACD crosses up and above 0, showing a strong uptrend. On the D Frame RSI is in the overbought area. The 2 candles on October 24-25 have candle wicks. as long as the body of the candle above the head. The attempt to break through the 35k zone was unsuccessful. Slight correction or sideways move to stop hanging on. BTC appeared on the Buy cinemax candlestick and entered the re-accumulation (distribution) zone - From the oder book, the large cash flow weakened, the buying wall at both ends was quite thick, so BTC continued to move sideways, creating a bottom around 329-332 and continued to re-accumulate. bottom 33k peak 35k < Scap H1, 34k is a small support and shrinks to 34k7 > ; If 32k5 is breached, it will return to the 31kxx area - Short term Cash flow is less likely to be profitable in BTC and will gradually shift to Altcoins. #btc #ETH
ANALYSIS OF BITCOIN AND ATCOIN TODAY October 28, 2023BITCOIN Slightly ADJUSTED TO THE 33K3 SUPPORT AREA (PART 2), CONTINUE READING PART 1 IN THE POST BELOW#binance#btc#SEC#ETH#USDT#XRP#bnb#NFT#Chainlink#Defi #fxs #matic #loom #ankr
BITCOIN AND ATCOIN ANALYSIS TODAY October 28, 2023 BITCOIN Slightly ADJUSTED TO THE 33K3 SUPPORT AREA (PART 1), CONTINUE READING PART 2 IN THE ABOVE POST#binance#btc#SEC#ETH#USDT#XRP#bnb#NFT#Chainlink#Defi #fxs #matic #loom #ankr
BlackRock's iShares Bitcoin Trust has been listed on DTCC (Depository Trust & Clearing Corporation).#binance#btc#USDT#SEC#ETH#Chainlink#XRP#Ripple#bnb#solana
#BTC closed the weekly candle with a Green marubozu candle closing the candle at 29992 with volume exceeding the 20 week average + MACD crossed up and above the signal line and RSI reached 62.78 showing strong price growth ==> Medium term BTC needs to test resistance 31 - 32k - If it surpasses $BTC , it will return to the Realized Price range 2Y-3Y (38k-40k) (H1) Firechart has a large sell wall at 31k and 30k that was broken, acting as short-term support (H2) Conclusion: BTC will move across the 30-31x=k range and if DOM.BTC decreases - due to weak short-term BTC profitability ==> cash flow will potentially flow to altcoin#LINK#AAVE with many new events and updates has attracted strong cash flow#binance#btc#SEC#XRP#ETH#USDT#CBDC#bnb#SHIB#Ripple