Bitcoin growth outlook 🥇
Bitcoin has seen a significant decline in the past few weeks, losing 21% in value after ETF approval. Will the correction continue or will we see a resumption of the bullish trend in the near future?
📌 Volume Distribution Analysis
On the decline to the $38,600 area, an abnormal buying volume appeared on the futures quote, which triggered the current 7.5% upside wave. Moreover, the volume appeared due to the execution of long-term market maker limit orders placed in the range of $38,800 - $38,000, indicating the interest of informed participants in buying
Globally, BTC is within a wide flat: $44,100 - $37,400. Therefore, the appearance of large volumes to buy at the lower boundary of the range is quite natural, but to expect a significant decline from current prices seems irrational.
📌 Predictive liquidation map
Thanks to modern analysis tools, we can not only track the actions of major participants, but also quantify the mood of the crowd. As you can see from the histogram on the right, a key array of liquidations are above the current price and belong to shorts. These liquidations are a "magnet" for the price.
Priority scenario: bitcoin's continued rise towards a large array of liquidations located at $53,010 per coin.
Bet 🐳 if you are waiting for BTC at 53k
📈Crypto_whales
BTC has gone below $39k. RSI on 1D shows 34 points and technically it can be a point for a temporary stop, but there is still potential for a decline, and realization of forecasts about $35k. But liquidations in 24 hours are only $330m, which is very little for a serious haircut 🔪
Spot BTC ETFs are adding fuel to the fire with bad news: yesterday net outflows totaled $76 million, and a record $640 million was withdrawn from GBTC. By the way, bankrupt exchange FTX has already dumped $1 billion worth of GBTC shares 🥇
OKX crypto exchange token plummeted by 50% due to lack of liquidity in OKB/USDT pair. Now the coin has recovered and is only showing minus 12.9% 🌡
FTT from bankrupt FTX is rising today against the market amid a court hearing. Users want to force FTX to repay debts in crypto, not in dollar terms at Fall 2022 prices. Good point, but FTX trivially doesn't have that much cryptocurrency 😐
📈Crypto_whales
Keith raised $6.77 mln in 3 hours 🐳
A user bought a SatoshiVM meme token for 277.66 ETH ($681k) and 3 hours later sold the coins for $4.38 million. With the remaining SatoshiVM on the balance sheet, the total profit is $6.77 million.
To be the first in line to buy the token right after its launch, he had to pay a commission of 141.66 ETH ($347k) 😮
📈Crypto_whales
💰 Bitcoin hashrate plunges, with over a 25% drop from 530 Eh/s (7DMA) to 385 Eh/s.
This is primarily due to miners in Texas powering down to aid the power grid during frigid temperatures.
Texas is home to roughly 13% of global hashrate
📈Crypto_whales
🔵 ETH - trading above the ascending wedge ⬆️
Despite the correction, the ETH chart shows numerous bullish signals: long shadows, ascending structure, holding above the trendline, a false breakdown of support - another trap from the market maker.
Considering these factors and technical indicators dipping below neutral, the market is seems like to be gearing up for further growth.
Ascending wedge breakout is also a bullish sign for ETH. However, given the broader correction, I'd wait for a confident retest of its upper limit before opening positions. If sellers fail to push the price back into the wedge, I'll consider a mid-term long position.
📊 The nearest resistance level for ETH and our first TP would be around $2760, the highest point since May 2022.
📈Crypto_whales
🌟 Ethereum ETF Sparks Interest: BlackRock CEO Larry Fink Optimistic 🌟
📊 BlackRock CEO Larry Fink Sees Potential in Ethereum ETF
🚀 Following the triumphant launch of the Spot Bitcoin ETF (IBIT), BlackRock CEO Larry Fink has expressed his recognition of the "value" in a Spot Ethereum ETF.
📈 BlackRock, the world's largest asset manager with a whopping $9 trillion in assets under management, filed a request for a Spot Ethereum ETF back in November.
💬 In a CNBC interview, Fink compared Bitcoin to gold, highlighting Bitcoin's near-maximum quantity, which positions it as an asset capable of offering protection.
"It's an asset that shields you. Unlike gold, which we keep producing more of, Bitcoin is nearing its maximum limit ever, making it a unique protective asset."
📈Crypto_whales
🔥HUGE : The chair of US 🇺🇸SEC 'The Gary Gensler' posted a crypto investing guide.
Something is about to happen 🚀 BitcoinETF
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💫 BitMEX will send a Bitcoin 💰 to the Moon 🚀
From the Cape Canaveral Space Force Station Florida on January 8, engraved with a public Bitcoin address and a private key.
📈Crypto_whales
BlackRock holding webinar tomorrow about 💰 Bitcoin for financial advisors, calling the ETF approvals “a pivotal moment for investors". 🔥
📈Crypto_whales
Grayscale owns 88% of all bitcoins placed in spot ETFs. The market is now reallocating assets by directing them to ETFs from BlackRock and Fidelity, but that will take time 🥇
BTC started the week with another test of support at $40k. The next stop beyond that is the $37k-$35k range, the likelihood of such a correction is hinted at by BB on the weekly chart 🌡
Bitcoin supporter, CBDC opponent and Florida Governor Ron DeSantis has withdrawn from the US presidential election in favor of Trump. And the talk was... 🙁
The SatoshiVM token team is selling its own tokens. Already realized $1.2 million worth of coins, SAVM rate minus 6% 😩
LUNA and UST developers Terraform Labs filed for bankruptcy 🕶
📈Crypto_whales
🥇 Bitcoin solves the worries of both people in the left and right 🙌
It is simultaneously an unseizable asset and a freedom form of money that protects you from CBDCs 💪
📈Crypto_whales
🥇 BTC - evident capital outflow ⚖️
Selling pressure on #BTC is intensifying. Despite buyers stepping in around the lower limit of the ascending structure, a quick look at the order book shows that this support block is losing liquidity by the minute.
📊 While globally BTC is still in an ascending trend, the current situation hints at a continued correction. Profit-taking, strong miner pressure, and, importantly, the whale capital outflow may provide us with an opportunity to buy below $40,000.
It's because smart money always moves with the best profitability. And it's one of the reasons why ETH, SOL and BNB are on the rise. New markets within their networks offer much more profitability with much lower risks than trading or traditional investments.
👉 We've seen it in 2023 - a significant part of profits was taken by those who adapted to the new market trends. Not just buying random coins; but sustainable capital growth and leveraging new earning methods that decentralized sector has to offer.
📈Crypto_whales
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JUST IN: BlackRock CEO Larry Fink says they "see value in having an 🔵 Ethereum ETF."
📈Crypto_whales
The SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.
📈Crypto_whales
Confirmation for 💰 Bitcoin ETFs is supposed to be next week🧐
🟢We need to see approvals on 19b-4 Amended Fillings (next week)
🟢Also we need S-1 documents to go effective (also next week)
❗️So watch out for your trading, as it might turn to be a volatility around this time.
We have 3 options here: ETF can be denied, delayed or approved so the market can be influence either direction
📈Crypto_whales