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we evaluated the position of the market relative to levels where investors are likely to be under serious financial pressure. The next step is to assess the investor response, by analyzing the magnitude of losses locked in during the event.
The sell-off triggered a surge in panic by investors, with around $1.38B in realized losses locked in by market participants. In absolute terms, this is the 13th largest event in history on a USD denominated basis.
#BTC surpasses $60,000 and hodls the support zone, by which gave a new breakouts. On H4, we have a breakout and having some sort of liquidity on top, which can be taken out.
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Time: 4 PM GMT
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What is #MVRV Ratio ?
The #MVRV (Market Value to Realized Value) score is a metric used to assess the #valuation of a cryptocurrency by comparing its market value to its realized value. The #MVRV score helps to gauge whether a cryptocurrency is overvalued or undervalued based on its #historical price movement.
The market value of a #cryptocurrency refers to its current price multiplied by the total supply of #coins in circulation. On the other hand, the realized value takes into account the price at which each coin last moved on the #blockchain, essentially measuring the average price at which investors acquired their holdings.
So what does that Indicate ?
#MVRV Values > 3.5 has generally served as a strong signal for late stage #bull cycles, and heightened probability of heavy #distribution or simple indicate a potential Market Top.
#MVRV Vales < 1.0: indicates that a large cross-section of the #supply is near break-even, or held at a loss. These low values have typically provided strong signal of market capitulation and late stage #bear accumulations or Simply Indicate the Market Bottom.
#BB Analysis :
#BB is a recently listed coin in binance and moving lower after a High is printed. Price flipped the area of support and expected to continue its drop. Alternate way would be a Daily Candle close over the zone will give early signs of reversal.
Here's the Analysis of #BONK :
#BONK is been is moving within a large consolidation range, moving with the trendline and nothing clear at the moment, the support is at $0.00001387. Look for the further opportunities until price reaches the support.
#DODO had a great closing with a rejection and formed a internal break of structure. Price currently on its way for the retest and build more liquidity lower which can be targets for the potential shorts.
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Here's the Analysis of #RDNT :
#RDNT dumping aggressively and created a new low. As Price formed a new low a now on its way to form a new low. Shorting opportunities can be done only once after a Daily candle closure.
Here's the Analysis of #HOOK :
#HOOK is been dropping after the strong move to the upside and kind a middle of the nowhere. Price just broke the supporting trendline and nothing to looks good as no levels nearby. Better to look out for the other coins or wait for the price hit the resistance around $0.58.
To assess the severity of the price contraction, we can utilize the well-known Mayer Multiple, which is the ratio between Price and the 200-day moving average. The 200DMA is widely considered a point of delineation between bullish and bearish market conditions by traders and investors.
Currently, the Mayer Multiple is trading at a value of 0.88, which is the lowest since the collapse of FTX in late 2022.
#BTC dumped yesterday due to unnecessary fear conditions and now trying to move below the support area. The candle close is not happened yet and a close will bring a good pullback $54,500 area.
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Here's the Analysis of #SUI :
#SUI made a break of the downtrend channel pattern and made a strong bounce from the major support zone of $0.48 - $0.51. Price looking bullish at the moment and expected to have a retest around $0.86 and can expect the next move higher.
#TOTAL MARKET CAP :
#TOTAL Marketcap is been rejected hard from the major support zone and now forming a bull flag formation and near towards the resistance area. Index already attempted a breakout and need to see a closing above the resistance.
#US30 UPDATE :
#US30 almost got into the pullback and nearly got retested the support zone and moved strongly higher. Price already at a resistance area and kinda rejecting. A Breakout can lead a healthy pullback in the market.
Here's the Analysis of #MANA :
#MANA is been made a closing below the major support zone and moving back and forth over there around$0.26 - $0.27. Price is been not clear at the moment and need to see a weekly closing.
Key pricing levels for active investors:
Active Investor Price: $51.2k
True Market Mean: $45.9k
These levels estimate the average cost basis for currently active investors, discounting lost and dormant coins. The spot price's position relative to these levels can differentiate between bull and bear markets.
The market found support near the Active Investor Price, suggesting buy-side support around long-term cost basis. A decisive break below these levels would necessitate re-evaluating bull market structure and indicate a large proportion of underwater investors.
#BTC weekly candle closed with a rejection on both side and its a indecisive candle. Daily candle still rejecting the resistance, so LTF break doesn't matter. Market is more into confusing, better wait for a clear closing over $62,000.
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Here's the Analysis of #JUP :
#JUP moving within the a large range and now near the major support zone of $0.650 - $0.690. Price looks like it rebalanced and now hopefully we can move up. But the main thing is next week movement will decide the altcoin moves.
the percentage of Short-Term Holder Supply held in profit, we can see that just 7% of their supply is held in a profitable position, and is similar to the sell-off in August 2023.
This is also more than -1 standard deviation below the long-term average for this metric, and suggests a notable degree of financial stress amongst recent buyers.
#BITCOIN WEEKLY TF UPDATE :
#BITCOIN on Weekly TF, still getting rejection from the newly support and trying to move up from here. Market looks here from here but a wick fill is expected lower before going up so eyes on wickfills
Here's a shortened version of your text:
We can gauge the sell-off severity using the Short-Term Holder Cost-Basis and its -1 standard deviation band:
* Short-Term Holder Cost-Basis: $64,300
* Short-Term Holder Cost-Basis -1SD: $49,600
The Spot price nearly reached the -1SD band, with only 7.1% of trading days (364 out of 5139) recording a lower deviation. This highlights the rapid pace of the market decline.
#BITCOIN DAILY TF UPDATE :
#BITCOIN on Daily TF, again slide below the support zone and now testing the zone as resistance area. On LTF price forming a price forming a small channel pattern and likely to have a lower break. Overall, a good thing is we need to see a breakout of the channel.
#BTC gave a successful close below of the support zone and now retesting zone as resistance. Price also travelling inside the channel pattern., which need to broken yet.
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What Is a Smart Token?
If tokens are how the crypto sector now refers to all user-generated value-containing assets that are compliant with the various standards on a blockchain network, then “smart tokens” are simply regular tokens that not only transmit value they contain but also all the information needed to execute a transaction simultaneously.
One way to differentiate regular tokens from smart tokens is that the former only transmits value, while the latter additionally contains in-built programmability to manipulate that value.
As the term suggests, smart tokens do this by incorporating smart contracts that can use all the information needed to authorize a transaction at once in three layers:
- The asset or the source of value. For example, this could be your wallet.
- An accompanying set of rules, which are determined by the token issuer. These rules define who has access to the asset, when, for which conditions. For example, it can define your data provider as having the rights of access, at the end of every month, if you have used their services.
- A state, which tracks the token value by the set of rules. For example, the state will record that you have paid the full amount of the invoiced data bill, and adjust your balance accordingly.
Smart tokens as such will contain enhanced information, such as counterpart identity, and invoicing data.
The central idea is this: when tokenized, unlawfully intercepted payment authorization data is rendered valueless because it simply isn’t there; it is replaced by a token. This means the data can, in effect, hide in plain sight.
The Bancor decentralized trading protocol created one of the earliest popular standards for smart tokens; in 2017, the company launched its own “smart tokens” that used smart contracts to implement direct convertibility within them.
Its use case was simple: tokens that could be bought or sold at any time directly via their own smart contract, without needing to go through an exchange or find a matching exchange. This means a direct on-chain token interaction, instead of Dapp interactions like on a typical DEX now.
#APT perfectly tapped and rejected lower from the resistance moved around 5% in favor. Still having a bullish market structure and expecting the price to react from the last resort and around $6.25.
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JUST IN: Marathon just bought 4,144 $BTC for $249M and now HODLs over 25,000 Bitcoin
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Bitcoin recorded a drawdown of -32% from the ATH, the most severe of the current cycle.
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#BTC again over the $60,000 level mark and as usual price rejecting the support zone. Price still getting it rejection from the local resistance which might start a new range. Over the week, we can see some strong bullish or a final shaekout move by next month.
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