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here's the Analysis of #OP :
#OP stuck within a large range between the key zone of resistance around $1.97 - $2.00 and support at $1.15 - $1.21. price attempting to break the trendline and move lower back to support, so in the mean while you can have the shorting opportunities and longs from the support
The 'Hot Supply' metric, representing coins aged one week or less, has declined to a low liquidity zone, now accounting for just 4.7% of total Bitcoin network wealth. This indicates a significant constriction in readily available trading supply, as most coins are now older than one week. The trend suggests reduced market liquidity and potentially less responsiveness to short-term price fluctuations, implying that most Bitcoin holders are currently in a holding pattern. This supply-side contraction, combined with earlier demand-side insights, points to a tightening market with potential implications for price volatility and trading volumes.
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#BTC failed to close above the resistance and dropped back to the previous low made. Price again now building up for an drop to major support zone and a reversal from there.
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What Is Succinct Proofs of Random Access (SPoRA)?
Succinct Proofs of Random Access (SPoRA) is a consensus mechanism used to confirm transactions and validate blocks on the Arweave decentralized network. Instead of relying on energy-intensive computational work like Bitcoin does with Proof of Work, Arweave uses SPoRA to verify blocks and confirm transactions in a more efficient manner.
SPoRA allows miners on the Arweave network to prove they have access to random historical data. This eliminates the need for repetitively solving cryptographic puzzles in order to add new blocks to the chain.
Why Is SPoRA Important for the Arweave Network?
Arweave aims to build a novel decentralized data storage protocol that allows permanent and immutable data storage. The goal is to build a sustainable and long-lasting data archive - like a permanent internet.
To make this vision a reality, Arweave needs a way to validate blocks and confirm transactions that is reliable and secure but does not require massive amounts of computational energy. This is where SPoRA comes in.
SPoRA allows Arweave to be extremely energy-efficient compared to proof-of-work networks. This is essential for ensuring the sustainability and decentralized nature of the Arweave network over the long term.
How Exactly Does SPoRA Work Under the Hood?
The SPoRA protocol requires miners to competitively prove that they can access random segments of historical data that are spread across the Arweave network.
Each time a miner makes a guess for the hash value to create a new block, SPoRA forces them to read a small chunk of old data and its proof from their own stored version of the Arweave blockchain.
If the miner has the correct data, their guess is considered valid. This allows the network to reach a consensus and confirm transactions without needing to solve intensive computational puzzles.
#CELO have a break below and started forming a small range too. Now, price action is very clear and expected to move in the direction with clean candle closure.
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Here's the Analysis of #ARKM :
#ARKM moving with in the flip zones of around $1.33 - $1.36 and $1.69 - $1.75 and moving with the triangle pattern too. Its a Pretty tradable range of 20% so you can take LTF buys with added confluence towards the resistance area.
The Net Realized Profit/Loss metric, representing daily changes in Bitcoin's onchain capital flows, currently shows a balance between profit and loss forces. This results in minimal net flow, with oscillations around the zero point. Such equilibrium suggests a stabilizing market, similar to the August-September 2023 period. This balance indicates that coins moving in profit roughly equal those moving at a loss, reflecting a current state of market equilibrium without significant capital creation or destruction.
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#BTC missed out the Strong Resistance Area and dropped back to the last structural support zone. We can expect some sort of movement by newyork market open.
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Buying #FIDA now🚀
Accumulation is in full swing, and the pump is inevitable.
This one's set to explode🫡
#FIDA/USDT here is gearing up for the big jump from horizontal support 🚀
Buy on MEXC: https://www.mexc.com/exchange/FIDA_USDT
Buy on Binance: https://www.binance.com/en/trade/FIDA_USDT
Short term targets: 10%-30%-50%
The Bitcoin Realized Cap, measuring cumulative network capital flow, has plateaued at $622 billion over the last two months. This follows six months of range-bound, downward market movement. The stagnation indicates that most Bitcoin transactions are occurring near original acquisition prices, suggesting a market equilibrium with minimal new capital inflow or outflow. This trend reflects reduced volatility and possible investor uncertainty in the current market conditions.
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#BTC gradually started moving up towards the strong resistance area. Weekly had a decent closing too with a rejection too. So we its officially a range now and need to see a break of these area in Daily TF and eyes on upcoming Weekly closing too.
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To compare ETF impact on Bitcoin and Ethereum markets, we normalized ETF netflow volume against spot volumes. This reveals that Ethereum ETFs influence about ±1% of spot volume, while Bitcoin ETFs affect ±8%. Despite normalization, this indicates Bitcoin ETFs have significantly higher market presence and investor interest, approximately an order of magnitude larger than Ethereum ETFs. This disparity highlights a much stronger appetite for Bitcoin ETFs in the current market.
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#BITCOIN WEEKLY TF UPDATE :
#BITCOIN on Weekly TF, closed candle very decent and saw a sell-off due to fundamental news. News Aligned with the price action and levels and currently, price is rejecting the support zone of support zone around $62,000. Its a range now, need to wait for the next weekly closings.
What is S2F (Stock 2 Flow) Model ?
In simple terms, the Stock to Flow (SF or S2F) model is a way to measure the abundance of a particular resource. The Stock to Flow ratio is the amount of a resource held in reserves divided by the amount it is produced annually.
The Stock to Flow model is generally applied to natural resources. Let’s take the example of gold. While the estimates may vary, the World Gold Council estimates that around 190,000 tons of gold have ever been mined. This amount (i.e., the total supply) is what we can refer to as the stock. Meanwhile, there are about 2,500-3,200 tons of gold mined each year. This amount is what we can refer to as the flow.
Stock to Flow and Bitcoin
If you understand how Bitcoin works, it won’t be difficult for you to understand why applying the Stock to Flow model to it might make sense. The model essentially treats bitcoins comparably to scarce commodities, like gold or silver.
Gold and silver are often called store of value resources. They, in theory, should retain their value over the long term due to their relative scarcity and low flow. What’s more, it’s very difficult to significantly increase their supply within a short period of time.
According to the advocates of the Stock to Flow model, Bitcoin is a similar resource. It’s scarce, relatively costly to produce, and its maximum supply is capped at 21 million coins. Also, Bitcoin’s supply issuance is defined on the protocol level, which makes the flow completely predictable. You also might have heard about the Bitcoin halvings, where the amount of new supply entering the system is halved every 210,000 blocks (roughly four years).
What Are Some of the Key Benefits SPoRA Provides?
There are several crucial benefits that SPoRA delivers:
Energy Efficiency: SPoRA eliminates the massive electricity waste that comes with Proof-of-work networks like Bitcoin. This is critical for sustainability.
Decentralization: SPoRA discourages miners from pooling resources and encourages them to independently store data. This promotes decentralization.
Security: With more decentralized miners each storing data, the risk of centralization and single points of failure is greatly reduced.
Speed: Reading a small chunk of data is much faster than having to solve cryptographic puzzles. This makes the network swift and responsive.
How Is SPoRA Different From Proof of Work?
Proof of Work is the consensus mechanism used in Bitcoin and many other first-generation blockchains. It requires miners to spend massive amounts of computational energy to repetitively guess solutions to cryptographic puzzles in order to add new blocks.
SPoRA differs drastically in that it does not require any repetitive puzzle-solving. Instead, miners simply have to prove they can read historical data from their own stored version of the Arweave blockchain. This makes SPoRA much more efficient, fast and eco-friendly compared to Proof of Work.
What Is the Role of SPoRA in the Arweave Blockchain?
SPoRA plays an absolutely essential role in the functioning of the Arweave blockchain. It allows the network to validate blocks and verify transactions in a reliable and efficient way without consuming enormous amounts of energy or computational resources.
By facilitating frictionless consensus through simple data reads, SPoRA enables Arweave to scale sustainably as a global data storage protocol. Without SPoRA, Arweave would be unable to fulfill its mission of becoming an eternal and decentralized data archive for the world's information.
Why Is Random Data Access Important?
The random nature of the historical data access required by SPoRA provides significant advantages for security, speed, and efficiency on the Arweave network.
Since miners are forced to access random parts of old data, the network can quickly retrieve specific chunks of information without reading the entire blockchain every time. This massively improves transaction speeds.
Random data access also enhances security by decentralizing data across more miners on the network. No single node can gain control over the bulk of information. This prevents centralization.
How Does SPoRA Aid With Data Retrieval?
The random data access mechanic of SPoRA enables extremely quick and efficient data retrieval from the Arweave network compared to traditional blockchains.
Users can directly access the specific pieces of data they want without having to scan through and retrieve the entire blockchain, which can be slow. Apps built on Arweave also benefit from the ability to rapidly access necessary data.
Overall, SPoRA significantly improves data retrieval speeds, efficiency, and cost - helping fulfill Arweave's vision of an ultra low-cost decentralized data storage protocol.
So in summary, SPoRA is the key innovation that allows the Arweave network to be sustainable, fast, and decentralized - making it well-positioned to become the permanent internet archive of the future.
#TOTAL MARKET CAP :
#TOTAL gave a fakeout to the downside as expected, now index started moving back and forth on the zone. Price forming a triangle pattern in LTF and need to see some sort of breakout of the zone. Overall, structure tend to bearish, so correction might come.
Here's the Analysis of #WLD :
#WLD dropping hard from Major Resistance zone of $2.06 - $2.11 and approaching towards the trendline expected a bounce too. Nothing much cleaner as support, need to see a rejection from $1.65 area.
The Realized Profit and Loss metric serves as a proxy for market demand, indicating sellers' willingness to transact at a premium or discount. Since the March all-time high, the absolute sum of Realized Profit and Loss has declined significantly. This suggests a notable reduction in buy-side pressure within the current price range, implying decreased market demand or investor enthusiasm. The trend points to a cooling market sentiment, with fewer sellers willing to part with their coins at a profit and fewer buyers willing to acquire coins at a loss.
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#BTC forming a small wedge pattern and now on a resistance area. LTF flip can drive the price up in short-term and towards the strong resistance too.
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What Is Substrate?
Substrate is a web app development framework developed by Parity Technologies that allows software developers to create decentralized systems. Substrate features a secure and scalable blockchain logic, a rich user experience for any chain, compatibility with the Polkadot ecosystem and support for other smart contract platforms such as the Ethereum Virtual Machine (EVM).
Substrate showcases an efficient database that developers can take advantage of in running and maintaining blockchain-based applications. It also supports a modular peer-to-peer networking stack capable of faster transaction throughput between blockchain networks and their participants. Moreover, it offers functions that can be configured according to the needs of an application, including transaction queues and runtime libraries.
Projects built using the Substrate can be easily deployed on the Polkadot ecosystem, helping them take advantage of the growing network for wider application adoption. Substrate also works flawlessly with any browser or desktop device.
As of now, Polkadot is one of the largest blockchain projects that utilize Substrate as the backbone of their network since it is the first protocol built on its framework. It needs to be noted that Substrate is not part of Polkadot and that anyone can build new blockchains that have nothing to do with the Polkadot blockchain. However, their DApps would still be compatible with Polkadot since they are built on the same framework. By and large, Substrate has been utilized mostly to build projects that advance the Polkadot ecosystem.
#GOLD UPDATE :
#GOLD failed to go into deeper pullback and forming a Triangle Pattern now. Price is on a Support zone now and might gonna break it sooner, so incase of close below we can expect lower moves towards the $2600 area.
Here's the Analysis of #CELO :
#CELO is been bounced from the major support zone of $0.62 - $0.64 and now moving within a small channel pattern. Price formed a good support zone around $0.73 and expected to push from here. The next resistance level is at $0.88 and 0.97.
#FIDA is ready to explode! 🚀
It’s on very strong weekly support in #BTC pair
We’ve seen 20-30% jump from this range ✍🏻
Don’t sleep on it! 🔥
What are storage miners?
Storage mining is a type of cryptocurrency mining that allows miners to receive rewards for storing data on their personal servers or devices. One of the main concepts of storage mining is that miners have to dedicate a certain amount of storage space to become eligible to be a node of the blockchain network.
One of the most notable cryptocurrencies that depends on storage mining in its operations is Filecoin. The Filecoin blockchain relies on the storage capacity of its miners in order to select eligible nodes. These nodes then serve as transaction verifiers and miners of new blocks which are added to the chain.
Entrusting the node-selection process to a storage-based consensus mechanism is somewhat experimental in the cryptocurrency industry. Most popular blockchains rely on either proof-of-work (PoW) or proof-of-stake (PoS) consensus mechanisms. However, blockchains like Filecoin utilize storage power as a measure for node eligibility. Node validators are selected based on the amount of storage power they can offer to the network. In return, nodes or storage miners receive mining rewards. In the case of Filecoin, storage miners receive FIL tokens for successful block creation.
The storage that miners dedicate to the network is utilized by users of the Filecoin blockchain and system. This is why the consensus mechanism requires all approved notes to be able to prove that they have the storage power needed and that they have an updated copy of the whole system on their servers at all times.
Interestingly, storage miners can choose whether they would like to dedicate cloud storage or hardware storage. This makes it incredibly easy for storage miners to acquire additional storage power and move up in node rankings.
Storage-based consensus mechanisms are rarely utilized in the blockchain industry, however, Filecoin is proof that this system can be successful. Not only that, the highly customizable requirements regarding the type of storage power requested by the network allow storage miners a significant amount of flexibility. This flexibility in node requirements is not usually present in more established consensus mechanisms.
#US30 UPDATE :
#US30 entered into a consolidation and last week it made a new All Time Highs. Its was still expected to have a drop to 41,600 area or there should be a Daily closing above the range to go for buys and expect a new #ATH too.
#ETH ANALYSIS :
#ETH dropped more than the expected as overall market got an impact. Price currently, slide below the support and closing to, with that price trying to give a close above too, which might turn it into a fakeout.
#DXY UPDATE :
#DXY had a sharp jump due to conflict and signs of war and had a Bullish Engulfing candlestick pattern in the Weekly TF. Price on Daily TF, tapped into a resistance now and index might hodl for a while next week, before going any more up. Overall, market will me impacted towards down in this case.
Here's the Analysis of #NEAR :
#NEAR is been bouncing off from the major support zone of $4.30 -$4.50 and also with a confluence with the trendline. Price looks good enough to move up from here and with a potential range of 25%.
To compare the impact of ETFs on Bitcoin and Ethereum markets, we've normalized ETF netflow volume against corresponding spot volumes. This ratio reveals the relative weight of ETFs in each market. The analysis shows that Ethereum ETFs influence about ±1% of spot volume, while Bitcoin ETFs affect ±8%. Despite normalization, this indicates that appetite for Bitcoin ETFs remains significantly higher than for Ethereum ETFs, roughly an order of magnitude larger. This disparity suggests a considerably stronger market presence and investor interest in Bitcoin ETFs compared to their Ethereum counterparts.
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