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What is #Funding Rates ?
#Funding Rates refer to the fees that are paid between #traders on perpetual #futures contracts. Perpetual futures contracts are a type of #derivative contract that allows traders to bet on the future price of an #asset without actually owning it.
Funding Rates are used to maintain the price of a #perpetual futures contract to the price of the underlying asset. These fees are typically paid between #buyers and #sellers of the contract and are used to ensure that the price of the #contract stays close to the actual price of the underlying asset.
The Funding Rate is calculated every fixed period (usually every eight #hours) and is paid by traders who are on the opposite side of the contract. For example, if the Funding Rate is #positive, long positions (buyers) will pay short positions (sellers). Conversely, if the Funding Rate is #negative, short positions (sellers) will pay long positions (buyers).
The Funding Rate is determined by the difference between the current price of the perpetual futures contract and the price of the underlying pair, as well as by the current market #demand for the contract. When there is a high demand for #long positions, the Funding Rate may be positive, and when there is a high demand for #short positions, the Funding Rate may be negative.
Funding Rates are important for traders to consider, as they can have an impact on the #profitability of their trades. A high Funding Rate can eat into profits for traders who #hold their positions for an extended period, while a low Funding Rate may be an #opportunity for traders to profit.
#SOL move as per plan, price moved above the $21.30, and gave a flash drop, which totals around 9.15% in profits. If you took profits then fine, price made a deeper pullback and dropping. I hope you entered over there and hodl the position.
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Here’s the Analysis of #TOMO
#TOMO is been dropped hard and trying to hold above the strong support zone of $1.04 - $1.07. Currently, price is trying to hold above the zone and in case Daily forms the support them we can expect a potential pullback and in case of break below, you can open the short-sell opportunity.
Unlike options markets, futures traders did experience a major deleveraging event which has remarkable similarities to the #FTX collapse. Whilst smaller in scale, over $2.5 Billion worth of perpetual futures contracts were closed out in a single day. This represents a -24.5% decline, and a complete unwind of all leverage build up through July-August.
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#BTC goes with our 2nd scenario and gave a fakeout, which eventually throw the price back to the zone. Well, Now the same condition apply here, Have to wait for a breakout again and too be precise, it has to be a break and close above the fakeouts.
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What is Commodity Futures Trading Commission (CFTC) ?
The Commodity Futures Trading Commission (CFTC) is a U.S. government agency established with the primary purpose of regulating and overseeing the operations of commodity futures and options markets. These markets deal with various commodities, which include agricultural products like wheat, corn, and livestock, energy resources like oil and natural gas, metals like gold and silver, and financial instruments like stock market indices.
The CFTC was created in 1974 with the passage of the Commodity Exchange Act, a law designed to bring transparency, fairness, and stability to the commodities trading industry. Its main responsibilities include:
1. Market Integrity: The CFTC ensures the integrity of the futures and options markets by setting and enforcing rules that prevent fraudulent activities, market manipulation, and other unfair practices. This helps maintain the confidence of investors and ensures a level playing field for all participants.
2. Transparency: The agency requires market participants to provide accurate and timely information about their activities and positions. This information helps regulators and investors understand the overall health of the markets and detect any potential risks.
3. Registration and Regulation: The CFTC requires entities involved in trading, clearing, and brokerage services to register with the agency. It then oversees their operations to ensure they comply with regulatory standards and best practices.
4. Enforcement: The CFTC has the authority to take legal action against individuals or entities that violate its regulations. It can impose fines, sanctions, and other penalties on those found guilty of fraudulent or manipulative behavior.
5. Education: The agency provides educational resources and information to the public about the workings of the commodities markets, investment risks, and regulatory safeguards. This helps investors make informed decisions.
6. Market Surveillance: The CFTC monitors the markets to identify any irregularities or unusual activities that could potentially disrupt market stability or harm investors.
The CFTC collaborates with other regulatory bodies, such as the Securities and Exchange Commission (SEC), to ensure coordinated oversight of the financial markets. Its goal is to create an environment where markets operate fairly, efficiently, and transparently, while protecting the interests of both individual investors and the broader economy.
#DXY followed the plan and we saw some major dumps in the market. Currently, price is testing the Resistance line, which might end being an rejection. If it continues to push more, then market will continues to dump more.
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Here’s the Analysis of #FTM :
#FTM is been dropped hard towards the major support zone of $0.188 - $0.204 and expecting a pullback to happen back to the nearest structural resistance around $0.232 area. Right now you can anticipate scalping buys till there. Take it accordingly.
#BTC.D (#Bitcoin Dominance) played inclined with out analysis and tapped the major support zone. Altcoin dumped as predicted and now we might see some retracements back to structural Resistance around 49.80% and 50.65%.
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#BTC tried to dip down again and gave a fakeout which is expected. Price tapped the daily level and gave a rejection. Price is again back in range and might continue with it. Keep an eye on breakout only.
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What is Crypto Protocol ?
A crypto protocol outlines rules and procedures governing behavior within a decentralized network secured by cryptography. These protocols are transparent, open-source, and designed to avoid centralized control. Participants validate transactions and maintain consensus.
Protocols extend beyond cryptocurrencies, found in various systems. For instance, the Internet uses HTTP and HTTPS protocols for websites. Similarly, crypto protocols enable trustless transactions, using cryptography for security.
Consider Bitcoin: a notable crypto protocol allowing direct, intermediary-free transactions. Its Proof of Work (PoW) consensus relies on participants solving complex puzzles to validate transactions.
Crypto protocols underpin the emerging DeFi field, aiming to create decentralized financial systems rivaling traditional finance.
#TOTAL MARKETCAP ANALYSIS :
#TOTAL MARKETCAP going as per plan, Index gave a sharp drop after the breakout of the $1.22T support and nearly reached-out the next support area of $978B - $992B. Well, we can expect the same, as price will consolidate for some time after this types of heavy moves. Short-term pullback may happen but remember it won't last long.
Here's the Analysis of #SOL :
#SOL break below of the strong level of $22.00 - $22.30 and price going after retesting the strong resistance. We can expect the sells in continuation but entering right now will be risky but wait for the price to retest back to $21.30 and above.
#Bitcoin hash rate just set another all-time high 🚀🚀🚀
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#BTC is pretty much less volatile at this moment, as is been consolidating above the $25,000 mark/ support zone. A breakout will decide the next direction of the move. Mostly we might see a fakeout in these cases.
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This marks the most significant negative #Funding rate since the drop to $19,800 in March, although the recent dislocation is of a lesser extent. Broadly, this implies that the accumulation of leverage followed by the subsequent reduction in #Futures markets played a central role in triggering this downward movement.
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#BITCOIN DAILY TF UPDATE :
#BITCOIN made a range entire week and made a retest back to the resistance zone of $26,700 - $26,900. Well, weekend is on to we might see any move here and consolidation is going on too. Look for a break on our daily Analysis did.
What is Crypto Winter ?
"Crypto Winter" is a term used to describe a prolonged period of significant decline in the prices of cryptocurrencies, often accompanied by a decrease in trading volumes and overall market activity. It is analogous to the concept of a "bear market" in traditional financial markets. During a Crypto Winter, the prices of many cryptocurrencies experience a substantial drop, leading to a pessimistic sentiment among investors and traders.
Crypto Winters are typically characterized by several factors:
1. Price Decline: The most prominent feature of a Crypto Winter is a sustained and substantial decline in the prices of various cryptocurrencies. This decline can range from several months to over a year.
2. Reduced Market Activity: Trading volumes and liquidity in the crypto markets tend to decrease during a Crypto Winter. Investors become more cautious and may refrain from making new investments.
3. Negative Sentiment: Negative news and events in the crypto space, such as regulatory crackdowns, security breaches, or market manipulations, can contribute to a sense of uncertainty and pessimism among market participants.
4. Impact on Projects: Many cryptocurrency projects, especially those without robust fundamentals or strong use cases, may struggle to secure funding or maintain their operations during a Crypto Winter. Some projects may even face bankruptcy or suspension.
5. Investor Apathy: During a Crypto Winter, some retail investors and traders may lose interest in the market due to the prolonged downtrend. This can result in reduced participation and slower adoption of cryptocurrencies.
6. Industry Consolidation: The challenging market conditions of a Crypto Winter can lead to consolidation in the cryptocurrency industry, with weaker projects failing and stronger ones continuing to develop and innovate.
It's important to note that Crypto Winters are part of the natural market cycle of cryptocurrencies, and they have occurred multiple times since the inception of Bitcoin and other digital assets. While Crypto Winters can be difficult for market participants, they can also provide opportunities for long-term investors to accumulate assets at lower prices before the market enters a new bull cycle.
#DOGE nearly tapped into the expected zone and made a drop. Well, price formed the new support zone around $0.0610 and you can look for short below the zone after the close below.
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Here's the Analysis of #BCH :
#BCH is been failed to break above the falling wedge pattern slides below the structural support area. Well, we already gave a short-sell call on the which moved around 30% in profits now. Price Tapped the major support area around $155 - $165 and made a minor consolidation now and between wait for the price to reach support and Resistance area.
The weekly price action traded down -11.3%, which is a significant fall, but is not the most significant in recent years. This performance is slightly shy of the long-term one standard deviation move of -12.6%, a level which was breached during major capitulation events such as the collapse events of #FTX, #3AC, and #LUNA.
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#BTC gave a breakout of the consolidation range after a fakeout and also break the structural resistance. Well, price action is too messy at this point as it can also be a fakeout and return back in zone. If now, price gave a break and close above the $26,500 mark, then we can see a push till $28,100 - $28,200 Resistance.
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The market decline led prices to dip below the Short-Term Holder cost basis, a historical support during strong up-trends. The Realized Price and Long-Term Holder cost basis are notably lower ($20,300), creating a potentially delicate psychological market situation.
The supply held by the Short-Term Holder cohort is somewhat 'top heavy', with a significant majority having a cost basis above $29,000
Notice of Removal of Trading Pairs - 2023-08-25
https://www.binance.com/en/support/announcement/d70e85232e864994b619b222d8f4fc0f
Here's the Analysis of #DOGE :
#DOGE broke below the major Support zone of $0.065 - $0.0657 and might get a retest and major resistance zone. Right now, price is just consolidating and tapped the Daily rejection area around $0.0569. You can give a shot on shorting at retest of resistance with low risk.
here's a chart showing the largest single-day wipeouts of open interest.
Last Thursday was the 5th largest single-day decline in Bitcoin futures open interest on record.
That's pretty much aggressive, this might be some indication of something big coming.
#BTC didn't shown any sort of movement and is been continues to consolidate. As being said, price ranges after such aggressive moves. Still have to wait for a breakout, to decide the direction. Mostly, its gonna go lower.
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What is #CPI ?
A Consumer Price Index (or CPI) is a type of index: a basket of assets whose price is tracked to gain insights into market segments. Examples of indices include the S&P 500, the NASDAQ Composite, and the DJIA (all of which measure the performance of the major stocks).
There’s no single CPI – the term refers to any type of index designed to track the prices of consumer goods, services, and household products. Suppose that we have a basket made up of the following expenses: groceries, hygiene products, travel costs, rent, etc. Basically, we can do this with anything you’d expect the average consumer to spend on.
We’ll note down the total cost of the items in that basket, typically using weighted averages to give more “weight” to more important items. Then we’ll note the year/month/period, too. By doing this at set intervals, we can get an idea of how the index is performing over time.
Why is CPI used?
A Consumer Price Index is a powerful benchmark for measuring developments in the economy. Specifically, it’s used to monitor the impact of inflation or deflation. This is useful for many reasons – governments can gain insights into their monetary policy decisions and calculate how much should be given to those with subsidized incomes.
#TOTAL2 (Altcoin MarketCap) :
#TOTAL2 is been gone as per plan and is been dipped down towards the Major Support Zone of $490B - $496B and took a hard rejection. Well, Most altcoins are consolidating or creating a Bearish Continuation Pattern.
Here's the Analysis of #OP :
#OP is been strongly rejected from the major support zone of $1.363 - $1.419 with a Trendline confluence. Price is expected to reachout the resistance area of $1.55 - $1.59 and fall-off. Wait for the price to move as per plan.