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Prior cycles have seen ETH drawdown to depths of over -50% on a relative basis during the bear market recovery phase, with the current drawdown reaching -38%. Of particular interest is the duration of this trend, where ETH has depreciated against BTC for over 470-days thus far. This highlights an underlying trend between cycles, where BTC dominance increases over a longer duration in the hangover period after a bear market.
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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.
#TOTAL MARKETCAP :
#TOTAL MARKETCAP flipped over major levels and kinda moving very correctively. Well, Overall market looks exhausted but looks like there a little more room to go for resistance around $1.34T - $1.36T. Also, on Daily and Weekly, We've clean traffic to the left.
#BITCOIN WEEKLY UPDATE :
#BITCOIN in Weekly TF, gave an another small to the upside, after that strong impulsive move. Well, looking into Daily TF, Market Structure still intact bullish at this point. This also indicates exhaustion in the market, so with the Monday Market Open, we can expect the new direction in price either in the form of correction or next upmove.
Hello everyone, 3 days left until our next free for all pump on MEXC. We can guarantee that this upcoming pump will have amazing results and You should be expecting massive profits on this one. We have a big team of whales on our side, which is by far the strongest in the market, we’re ready to see our biggest volume in history, we don’t expect this pump to make all our members less than 5000% in profits. That’s exactly why we decided to pump on MEXC, and why this pump will be the biggest we’ve ever seen. As we get closer to the pump, more details will follow , stay tuned! Read pinned post 😊
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Here's the Analysis of #ZIL :
#ZIL is been flipped above the resistance area, which turned it into support around $0.0180 - $0.0181. Price is rising a bit and moving slowly up and reach out the resistance zone already. Next Resistance is at $0.02 where price can reach. If price creates Resistance then you can look for setup with it.
Net position change metrics, we convert this 30-day change to a relative percentage of the Realized Cap (BTC and ETH) or total supply (Stablecoins).
Next, we construct a simple model to identify whether the market is within a risk-on, or a risk-off environment, respectively:
🟢 Risk-on is defined when all three of these major assets are exhibiting net capital inflows.
🔴 Risk-off is defined if any of the three major assets starts to exhibit net capital outflows.
What Is a Consumer Price Index (CPI)?
Primarily speaking, a Consumer Price Index (or CPI) is a type of index where the prices of a basket of goods and services are tracked to gain insights into market segments. CPI is designed to track the prices of consumer goods and services that the average consumer is expected to spend on and should be able to afford. It is a benchmark for measuring economic developments, specifically the impact of inflation or deflation. This is essential as governments can gather insights on their monetary policy decisions and thereafter tweak how much should be given to those with subsidized incomes.
But beyond measuring the effectiveness of the central government’s economic policy, the CPI also gives businesses and citizens information about the price changes in the economy, which then helps them make informed decisions. The CPI statistics cover a wide range of individuals, including professionals, self-employed, the unemployed, and more. Some of the major groups of the CPI include housing, apparel, education, and communication. While the CPI is mostly effective, it often fails to capture regional variations in prices, and it also assumes that all buying patterns are homogenous.
The average Profit or Loss realized per coin has also reached cycle lows, reinforcing the observation that the majority of coins being traded were last transacted at a similar price to today. We also note that profits are equal to losses, suggesting a state of equilibrium has been reached (an indicator for heightened volatility ahead).
With the majority of coins transacting in close proximity to their original cost basis, this describes a market where active investors are either price insensitive HODLers, or traders jostling for a marginally better position.
The Moving Average Convergence Divergence (#MACD) is a trend-following momentum indicator that helps traders and analysts identify potential buy and sell signals in an asset's price chart.
1. MACD Line (Blue Line): This is the difference between the 26-period Exponential Moving Average (EMA) and the 12-period EMA. The MACD line is more responsive to short-term price changes.
2. Signal Line (Orange Line): This is a 9-period EMA of the MACD line. It's used to generate trading signals.
3. Histogram: The histogram is the vertical bars that represent the difference between the MACD line and the signal line. It provides a visual representation of the MACD's divergence from the signal line.
What Is Collateral Cap?
A collateral cap functions as a security safeguard intended to disperse the overall lending risk across various assets within a protocol. It dictates the highest permissible collateral amount for a specific market, quantified in units of the relevant token. Essentially, it offers a means to gauge and restrict the borrowing capability associated with each asset.
For instance, if a market has a collateral cap of 1 million tokens, it implies that only 1 million of that specific token can be utilized as collateral for borrowing purposes. This strategic mechanism serves to mitigate systemic vulnerabilities posed by single assets, particularly those with limited on-chain liquidity.
To elaborate, if a protocol were to take possession of an asset during the liquidation of provided collateral, the challenge arises when there is insufficient on-chain liquidity to convert or swap this asset into other assets. In essence, the collateral cap is an individualized setting for each token market, aimed at controlling and curtailing potential risks within the protocol.
Unanticipated and irregular price declines can stem from various factors, including scenarios like infinite token minting, protocol vulnerabilities, or exploitations of different kinds. In this context, collateral caps represent a vital restriction that governs the highest feasible losses the protocol might encounter in the event of a market collapse or an extreme price plunge in the associated token markets. This measure proves to be highly effective in risk management and necessitates vigilant monitoring, particularly in volatile market conditions. Inadequate management could reverberate throughout lending and borrowing protocols and the interconnected ecosystems, instigating a domino effect of consequences.
Here's the Analysis of #RLC :
#RLC is been in a consolidation phrase and kinda moving inside the downtrend channel too. Price just pushing multiple times over the support zone of $0.929 and next support is at $0.671 - $0.703. Also, Currently, price reached at $1.09 - $1.14, where its rejecting, so wait for the price to break out of the consolidation.
What is Change Address ?
Just like with fiat money, when transacting in cryptocurrencies, users don’t always have the exact amount to send. This means that sometimes you send more funds than the transaction requires. In these cases, the remainder of your assets is returned to a change wallet and then refunded to your original wallet address.
Let’s look at an example. If you have a $50 bill and have to pay $40 for your purchase, your change will be $10. The same can happen with cryptocurrencies. Transactions on the blockchain always have an input and an output. For example, if you go on an exchange and purchase 1 ETH with fiat, the input will be the fiat money, the output will be 1 ETH. However, if you are looking to send 1 ETH to a crypto wallet, the case is not as straightforward.
Sometimes, in cryptocurrency transactions, inputs cannot be precisely calculated to the exact amount requested by the transaction. In such cases, the sender address sends more funds than requested by the transaction. However, the difference between the requested amount and the amount stored in the input is what is called change. This change is temporarily stored in a change address and then refunded back to the sender’s wallet address.
In this sense, change addresses are a very valuable part of the cryptocurrency ecosystem because they allow for fair interactions between wallets. Without change addresses, it wouldn’t be possible to transfer exact amounts between wallets. What’s more, users don’t even see that change addresses exist. While this process happens more often than we might think, it is a background calculation performed by the blockchain itself.
You can see your change address and how much of the funds you’ve sent have gone through it. However, no action is required on your part. The blockchain calculates how much a sender is inputting and what the necessary output is. If the input is insufficient, the transaction will fail. If the input is larger than the requested output, the blockchain will send the remaining funds to a change address. Seconds later, these funds will be returned back to the sender’s wallet.
Change addresses represent an important underlying function of all blockchains. While users might not see them when interacting with the blockchain and making transactions, change addresses are often utilized. Without them, it would have been impossible to send exact amounts to other wallets or to pay for NFTs, for example.
If you are curious to see your change address, you can easily view it in the details about any transaction you’ve made. The change address is visible, even if it was not used in the given blockchain interaction.
What Is CeDeFi?
The term “#CeDeFi” is new to the world of cryptocurrencies. CeDeFi, or centralized decentralized finance, is the perfect merger between centralized and decentralized finance, bringing the best functionalities of both systems. Using CeDeFi, corporations can explore innovative and modern financial products while meeting conventional financial regulatory standards.
Simply put, #CeDeFi allows you to explore DeFi products, such as decentralized exchanges (DEX), liquidity aggregators, yield farming tools, lending protocols and a lot more at low transaction fees. Using CeDeFi, businesses can deploy unique smart contracts and add several products and services on a single platform while ensuring quicker transactions and lowering risks.
As for traders, #CeDeFi allows you to search and filter the best opportunities using liquidity depth, transaction fees, network fees, KYC stipulations, and withdrawal fees, leading to lower slippage, higher asset availability, and better security.
#CeDeFi also addresses the growing concerns surrounding regulation and compliance relative to cryptocurrencies. With the merger of centralized and decentralized financial features, #CeDeFi paves the way for institutional custodianship of DeFi protocols.
Moreover, it helps promote the use of regulated security tokens for activities like bond issuance and settlement in DeFi stablecoins, combining many of the beneficial features of crypto assets, whether transferring or storing value. This is besides its potential to revolutionize global payments with protocols that are more rapid, affordable, and accessible.
The concept of #CeDeFi started to gain significant momentum as it promises a definitive way of enabling crypto enthusiasts, both new and veterans, to operate on secure exchanges while providing them access to handpicked and vetted projects with high liquidity.
Advantages of CeDeFi
Other than bringing the best of centralized and decentralized finance, CeDeFi delivers several notable advantages, including:
Exchange vetted projects and tokens: All products and services are audited, reducing the likelihood of fraud.
Seamless deployment: Developers building dApps can quickly onboard their apps and benefit from cross-chain functionalities.
Greater accessibility: Investors will enjoy access to opportunities that generate higher APYs by investing in handpicked products and services that best meet their accompanying goals.
More compliant choices: Explore a world of modern products and infrastructure while meeting traditional financial regulations like KYC and AML.
Lower transaction costs & faster transaction speeds: Existing users across CeDeFi platforms have confirmed that CeDeFi fees are almost negligible.
Security and scalable orientation: CeDeFi offers a robust and scalable solution for security, control, and transparency across a suite of DeFi products.
Fewer obstacles to entry: It allows new users to explore DeFi by showing vetted trade opportunities, filtered by several factors, such as KYC, fees, and more, helping lower the barriers for less knowledgeable participants.
What Is a Casascius Coin?
A Casascius Coin is a physical representation of a Bitcoin that was created by Mike Caldwell, an early cryptocurrency enthusiast, and issued from 2011 to 2013. These physical coins were often used as a means to store and transfer Bitcoins offline, providing a physical and tangible form of ownership for the digital cryptocurrency.
Here are some key features of Casascius Coins:
1. Physical Representation of Bitcoin: Casascius Coins are essentially physical coins that have a hologram on one side, which contains the private key necessary to redeem the associated amount of Bitcoin.
2. Collectible and Novelty: They were often considered collectibles and novelty items, as they combined the digital world of Bitcoin with a physical, tangible form. This made them popular among cryptocurrency enthusiasts.
3. Denominations: Casascius Coins were available in various denominations, ranging from 1 BTC to smaller fractions like 0.1 BTC.
4. Value Storage: They provided a secure way to store and transfer Bitcoin, as the private key hidden behind the hologram could not be easily accessed without breaking the seal.
5. Controversy: Over time, Casascius Coins became a subject of controversy, especially as regulatory concerns and security issues arose. The U.S. Financial Crimes Enforcement Network (FinCEN) raised concerns about whether these physical coins constituted money transmitters or money service businesses.
6. Redemption: To redeem the Bitcoin stored on a Casascius Coin, you would need to physically peel or reveal the private key under the hologram and then import that private key into a Bitcoin wallet.
It's worth noting that, over time, the security risks associated with revealing the private key prompted Mike Caldwell to stop selling loaded Casascius Coins in 2013. As a result, these physical coins are no longer being produced.
Casascius Coins serve as a unique artifact in the history of cryptocurrencies, representing the early days when Bitcoin was a novel concept, and they remain popular among collectors and enthusiasts.
#TOTAL2 (Altcoin MarketCap) Update :
#TOTAL2 gave a strong breakout over the consolidation by which we have seen strong impact over the market. Index flipped above the strong Resistance zone of $608B - $616B. It made a retest of the zone and might continue up also, another thing can be it can turn into a fakeout for a potential reversal in the market.
The Long-Term Holders (LTHs) remain unfazed by the recent market rally, as their total holdings have reached a new all-time high at 14.899 million BTC. This steady increase in holdings indicates that a significant amount of supply has crossed the 155-day holding threshold without being spent.
Around 29.6% of LTH supply is currently held at a loss, which is historically high considering the strong market uptrend seen since the 2022 lows. This situation is reminiscent of the late 2015 and early 2019 periods, as well as the March 2020 bottom.
This suggests that the LTH cohort may be more resolute and less inclined to sell compared to previous market cycles.
Here's the Analysis of #IMX :
#IMX is been very aggressive move to the upside and kinda retracing now. Price is expected to reach out the support nearby $0.80 - $0.81 where we could buy from. Moreover, the next strong resistance zone is at $1.04 - $1.06, were a rejecting could happen, if #BTC sustains above $34,000 level.
Here's the Analysis of #CYBER :
#CYBER flipped above the strong resistance zone of $5.43 - $5.78 and a triangle pattern, which did played out pretty well. Price is been again back near the support where a bounce is expected. Buys will be risky here, but can go with small lots. Price breaking below will give a clean short-sell opportunity/
A Short Note on Corporate Treasury ?
Corporate treasuries assume responsibility for a company's cash reserves, functioning as financial risk managers focused on shielding the company's value from routine business-related risks. They also play a pivotal role in managing a company's cash reserves to guarantee liquidity, risk mitigation, funding, optimal capital allocation, and resource alignment with the company's strategic objectives.
To enhance liquidity management, they employ various tools such as assessing the balance sheet's size and asset and liability liquidity. This approach ensures that sufficient liquidity is available for crucial operations like acquisitions while maximizing returns on cash reserves.
Furthermore, corporate treasurers oversee the implementation of company-wide strategies, providing the C-suite with essential insights regarding potential acquisitions or expansions into new markets. When the need for funds arises, they are responsible for sourcing capital, which may involve asset liquidation, stock issuance, or utilizing existing reserves.
Finally, corporate treasuries are entrusted with the critical role of risk management. These risks encompass interest rate fluctuations, credit exposure, currency exchange rate volatility, commodity price risks, and operational uncertainties. Among these, the most prevalent risk categories include those linked to liquidity, creditworthiness, and currency fluctuations.
Dear members, With the success of our previous big pump signals #FRTN (6500%), #JET (+10600%) on MEXC, which remained in the "Top Gainers" for over 24+ hours. we are ready to announce our next big signal on MEXC.
Date : 4-November-2023 Saturday
Time : 4 PM GMT
Pairing : USDT
Exchange : MEXC
We have decided to start pumping on MEXC for multiple reasons. 1st of all, we believe that with our massive buying power we will be able to reach 5000% easily possibly even more. 2nd of all, MEXC doesn't require KYC meaning you can make an account there without verifying your identity and get past any restrictions other exchanges could have. Finally, there is very little hidden sell pressure in the orderbooks. After the previous signal and hours of discussion with our team, we have decided to schedule our next signal in 7 days to make sure that we are fully prepared. Our main goal for this pump signal will be to make sure that every single member in our group makes a massive profit. With our ability to keep creating the most powerful and biggest pumps , we will take every opportunity we can get. We welcome everyone to join us as we create the next big pump all traders and investors all over the world have been waiting for.
We have 7 days to prepare for this massive pump, this event will be the biggest one that we have done in the history of our group and will top our previous ones in terms of % gain. Instructions will be given out in the upcoming days to make sure all our members are prepared for MEXC. We are expecting hundreds of thousands of people all across the world to attend this pump and possibly more than a million people across all social medias will be watching. Be prepared. We will be giving out more information when we are closer to the signal date, stay tuned!
Historically, Bitcoin tends to lead the digital asset market, with market confidence then flowing towards Ethereum, and then further out on the risk curve from there.
A powerful tool to visualise this capital rotation is using the 30-day change in the Realized Cap for 🟠 BTC and 🔵 ETH, and the total supply of 🟢 Stablecoins (as a proxy for USD quote capital, often deployed for speculation).
What Is Composability in Crypto?
Composability in the world of cryptocurrencies can be understood as the way different digital assets or protocols seamlessly interact with each other, creating a sort of financial synergy. In simpler terms, think of it as building with digital Lego blocks, where different pieces fit together to form something more complex and valuable.
This concept is particularly important because it enables the development of innovative financial products and services within the realm of decentralized finance (DeFi), a space where you can perform various financial activities without relying on traditional banks. DeFi protocols act like Lego bricks, allowing users to combine them to create intricate financial tools. For example, you can lend a stablecoin like DAI on one platform to earn interest, then take that DAI to another platform to trade it for another cryptocurrency or use it in another financial service.
The benefits of composability are numerous. It enhances transaction efficiency by allowing multiple actions to occur simultaneously, reducing fees, increasing liquidity, and encouraging innovation. It's like streamlining your chores by completing them all in one place, offering convenience and cost savings.
However, there are risks associated with composability. Smart contract vulnerabilities can jeopardize the entire system if one protocol has flaws. Interoperability issues can hinder the seamless interaction of various protocols, much like trying to mix different types of playdough with your Lego blocks. There's also a risk of sudden liquidity shocks if significant players withdraw funds from the system.
Composability is driving the future of the crypto industry by enabling the creation of new financial products and services, challenging traditional finance, and supporting the industry's growth through enhanced efficiency, flexibility, and innovation. It's akin to rocket fuel propelling the crypto industry forward.
Notice of Removal of Spot Trading Pairs - 2023-10-27
https://www.binance.com/en/support/announcement/04cbc1c3c77449f9b77d48a353cead34
The activity within the on-chain #Bitcoin supply continues to display remarkable inactivity. Both the amount of value moved and the arrival of new capital appear to be at historically low levels. To gain insight into investor engagement, we can examine the movement of Bitcoin to and from exchanges.
Over the last 30 days and year, the average total trading volume on exchanges (combining inflows and outflows) has stabilized at approximately $1.5 Billion. This marks a significant drop of 75.5% compared to the all-time high of $6 Billion recorded in May 2021.
"This observation is further substantiated by an analysis of the Average #BTC Volume Transferred per Active Entity, which has decreased to approximately $12.2k (equivalent to around 0.44 #BTC). This metric has reverted to levels previously witnessed in late 2017, marking the end of the bull run, and once more in late 2020, before the initiation of the last cycle's bull run."
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Here's the Analysis of #SOL :
#SOL is below fell below the Strong Resistance Zone of $22.00 - $22.44 also there's the resistance line coming along from the top and trendline from the bottom and potentially price can move lower till there. You can take shorts accordingly, with tighten stops.
#BITCOIN DAILY TF UPDATE :
#BITCOIN is been dropped continue from the build-up resistance and reached the support zone of $26,700 - $26,850. Price testing the strong support zone with the Trendline Confluence. Eyes on the Strong Bounce or Break below of this only. Only, fundamental can impact any fakeouts now.
Here’s the Analysis of #STROJ :
#STORJ gave a pure rejection on Daily TF, from major resistance zone of $0.508 - $0.519 but on the H4 TF, it looks like a fakeout. Currently, price breaking below the strong support zone (Grey Box) of $0.407 - $0.422 and anticipated to continue pushing lower. Taking short here would be an opportunity till $0.0325.
#MBOX shorts gone perfect after break and close below. Price did a retest of the Resistance zone of moved around 6.79% in profits. Its time to Breakeven the stops or trail with swing points.
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