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If we apply this framework to recent cycles, we can see that the ongoing bull has been very similar to the 2017 cycle from a macro perspective. In particular, the recent consolidation phase near the previous ATH aligns with the equilibrium to euphoria boundary described by the 3.5 multiple applied to the LTH-Realized Price 🔴.
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#BITCOIN DAILY TF UPDATE :
#BITCOIN on Daily TF, kept on hodling the support area, we can see Daily candle kept on rejecting the support and weekly will does the same, just one more candle to go. A rejection will be good to see as it might start a reversal.
Seed Funding vs ICOs
In the realm of the crypto industry, an avenue for acquiring funds emerged, known as the initial coin offering (ICO). These ICOs offered an opportunity for crypto startups to gather financial support by introducing their own cryptocurrency tokens to investors. However, it is crucial to comprehend the differences between ICO (or its later forms) and seed funding, particularly when navigating the treacherous seas of uncertainty and risk.
Imagine this: Initial Coin Offerings (ICOs) are like unknown and risky adventures for brave startups. They rely on ideas that haven't been tested or proven, which makes them uncertain, like a fog that hides what might happen. We can't be sure if these tokens will increase in value as time goes on.
On the other hand, imagine seed funding as a time-honored vessel sailing through the waves of convention. It adopts a traditional equity model, wherein investors receive a portion of the company in return for their investment. This traditional voyage grants both the startup and the investor a sense of stability and security, like a reliable compass guiding them toward their shared destination.
#TOTAL2 MARKETCAP UPDATE :
#TOTAL2 going as per the marking, Index printed a new lower low and with that market reacted already. Index need to retest the support zone as per plan but it missed it. You can expected a drop still as it running bearish or wait for the flip above the zone.
Here's the Analysis of #RAD :
#RAD is been flipped above the resistance zone, and also making a rejection too. Price is retracing back to the support. A potential up-move is expected, but the only problem is the range on the left.
From this, we can identify when macro tides change in capital flows during the early stages of the bull and bear phases. The chart below presents how these two price models have provided market support during the 2023-24 bull.
Since mid-June, the spot price has plunged below the cost basis of both the 1w-1m holders 🟠($68.5k) and 1m-3m holders 🔴 ($66.4k). If this structure persists, it has historically resulted in a deterioration of investor confidence, and risks this correction being deeper and taking longer to recover from.
#BTC didn't moved alot but LTF shifted to bearish again. Price might go for an another retest, back to support or form a double bottom for turning the price.
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Looking at the CME Group futures market, open Interest has stabilized above $8B, after setting a new record high of $11.5B in March 2024. This may signal that an increasing number of traders from traditional markets are adopting a cash-and-carry-arbitrage strategy.
This arbitrage involves a market-neutral position, coupling the purchase of a long spot position, and the sale (short) of a position in a futures contract of the same underlying asset which is trading at a premium.
Notice of Removal of Spot Trading Pairs - 2024-06-28
https://www.binance.com/en/support/announcement/3d9bdfbcdd5c4bc5801fb67765c5a15d
Here's the Analysis of #FTM :
#FTM is been following up with the bear flag formation approaching the major resistance area of $$0.63 - $0.64. A Rejection or a breakout is needed to see before entering into the an setup. Market is retracing so rejection is high probable.
#TOTAL MARKETCAP UPDATE :
#TOTAL MARKETCAP slides lower and drops hard after the resistance of strong resistance. Extending the lower support, index exactly bounced from the zone and moved. Nothing clean, just an anticipation for a reversal.
Here's the Analysis of #UNI :
#UNI flipped below the a strong flip area of $9.00 - $9.15 and with the market dump we can expect more to go. Nothing much here, better wait for the price, flip above again with a daily candle close.
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MT. Gox says they'll start $BTC, and Bitcoin Cash repayments in July.
#FTM broke the channel and dropped around 5% after it. Price also broke the strcutural support now retesting it. More dump can come, as market is not give any bullish response.
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Here's the Analysis of #UNFI :
#UNFI is been rejected hard from the major resistance area of $5.57 - $5.79 and moving with the channel pattern. Price on the supporting line, might get bounce but incase of break below we can see some strong push lower towards the support area, around $3.05 - $3.25,
Capital Inflows 🟦 when the cost basis of the 1w-1m holders trades above the 1m-3m cost basis. This underscores a positive momentum in demand, and, attracting new capital into the market.
Capital Outflows 🟪 when the cost basis of the 1w-1m holders plunges below the 1m-3m cost basis. This structure signals a diminishing momentum in the demand side, and a net capital outflow from the asset.
During previous bull markets, a negative capital flow structure has occurred up to five times. We can also see that this structure has been in play since May and into early June.
#BTC formed a double bottom and made a bounce. Price made a small channel pattern had a break but still moving with-in a range. A break below back tot he support zone, will be high probable reversal for the market.
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What Is Seed Funding?
Seed funding is a type of funding that provides capital to startups in exchange for equity in the company. It is different from other types of funding, such as venture capital or angel investing, because it typically comes from individual investors or small investment firms rather than large institutional investors.
One of the advantages of seed funding is that it allows startups to get the capital they need without giving up too much equity in their company. This is especially important for startups in the crypto industry, where there is a lot of uncertainty and volatility. Seed funding can also provide startups with valuable connections and mentorship from experienced investors.
However, there are also some disadvantages to seed funding. For example, it typically brings a smaller amount of money than other types of funding, which means that startups may need to raise additional rounds of funding later on. Additionally, seed funding can be more difficult to secure than other types of funding because it is often based on the reputation and connections of individual investors.
Seed Funding in Crypto
There has been an increase in seed funding for cryptocurrency firms in the last several years. Seed investment in the cryptocurrency industry functions similarly to that in other sectors, with a few notable exceptions.
The usage of digital currencies like Bitcoin and Ethereum in crypto seed funding is a key distinction. This eliminates the need for companies to use conventional banking channels in order to raise capital from investors all across the world. The usage of blockchain technology, which is common in cryptocurrency seed fundraising, may increase security and transparency for all parties involved.
#FTM dropped 7-7% from the call with the channel resistance line back to support area. Now a strong candle close will will lead in further price dumps. So, don't rush, and a good case would be wait for the price to flip the major resistance at $0.65.
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Here's the Analysis of #BLUR :
#BLUR make a sharp lower low irrespective of market bullish and bearish movement in the overall market. Price following the channel pattern, and no reference from the left. So its better to look away from the this into other coins.
#US30 UPDATE :
#US30 gave a breakout of the resistance and and did a successful retest and now ready to move up. Price also formed the resistance area, so it can rejected from there too. Take LTF conf. to getting into any side.
#BTC rejected from the support and nothing happened much. H4 is still in bearish plays but LTF made it bullish now. Price seems to be exhausted now, so a retest might come.
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With Coinbase serving both ETF clients and conventional on-chain asset holders, the gravity of the exchange in the market pricing process has become significant. Evaluating the number of Whale Deposits to Coinbase exchange wallets, we can see a considerable increase in deposit transactions following the launch of the ETFs.
However, we note a significant portion of the deposits are associated with the outflows from the GBTC address cluster, which has been a long-standing supply overhead throughout the year.
Extending the support on the left, #BTC exactly bounced from the support zone around $59,500 and strong reacting. There's still a lot of bearish momentum on the left or it might be just a pullback, so can't just anticipate a clean reversal.
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News & Analysis Perfectly Played inline 💬
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Coinbase as an entity holds a vast fraction of both aggregate exchange balances, as well the US Spot ETF balances via its custody service. The Coinbase Exchange and Coinbase Custody entities currently hold an estimated 270k and 569k BTC respectively.
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#GOLD UPDATE :
#GOLD did attempted to push towards the resistance and made it way. But ended up being a fakeout, and dropped hard by NY Session. Currently price retesting the flip level and might proceed lower $2310 and $2300's.