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Here's the Analysis of #ADA :
#ADA is been rejected from the Strong Resistance Zone of $0.67 - $0.69 and moving within the falling wedge pattern. The pattern aiming towards the major support zone of $0.41 - $0.42. In case of early breakout, you can look for buying opportunities with a structural resistance break.
Exchanges continue to be the main hub for trading activity, with deposit and withdrawal volumes soaring to $6.8 billion per day. This exchange-related activity now represents approximately 88% of all on-chain volume. The current influx of volume in and out of exchanges is comparable to the peaks seen during the 2021 bull market, with only a small fraction of trading days surpassing it. These figures highlight a growing interest in Bitcoin among market participants.
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#BTC still moving within a range and made a triangle formation. A range inside a pattern is a strong signal of a big accumulation or distribution goin on. We've to wait for a breakout of the zone either side, and also we're expected a retest back to the major support zone, before moving with any major direction.
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MicroStrategy bought 850 #BTC for $37.2 million, increasing their total holdings to 190,000 #BTC
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When MVRV nears 2.00 (yellow line), Bitcoin previously exceeded $50,000. Rising MVRV with MA30d implies market cap surpasses realized cap, causing increased selling pressure. This phase historically precedes a local top, leading to a strong bull market, pushing BTC to new highs and MVRV to the Distribution range (red line).
After the recent $49,000 peak, a -20% correction occurred. The question arises if this selling pressure will return MVRV to the Accumulation range (green line), as seen in 2019-2020. Despite this, the upcoming Halving event in less than 3 months is a positive catalyst historically marking the start of a new bull market.
#BTC.D maintaining above the support zone and already started struggling to push higher. A short-term rally is expected in altcoins and a drop, as Dominance giving signals for a rise. In case #BTC started dropping with rising index then alts with flow with that and might remains the stable too.
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#BTC now goes with the range as expected, price started ranging between the $42,000 and $45,000 level. Price kept on hodling the trendline too, if this sustains then its good, and approach towards the $43,500 and $45,000 is expected otherwise, a drop back to $42,000 will kept this range going on.
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What Is Loan-to-value (LTV)?
LTV is the ratio of the loan's value to the value of collateral. In a typical financial market, credit scores determine the risk involved in a loan. The lower the credit score, the higher the risk for lenders. Instead of credit scores, the crypto lending process offers asset-backed loans.
Loan to value (LTV) determines the amount of cryptocurrency one would need as collateral before one could get a loan. The lender holds on to this collateral until the loan is fully paid back.
The main benefit of LTV in crypto lending is that it helps minimize the risk on the lender's part. The user also benefits from LTV in that they can access larger loans at lesser interest rates.
How to Calculate LTV?
Case 1: When borrowing a crypto-backed loan, you calculate the loan-to-value (LTV) as follows:
LTV = Loan Amount/ Market value of collateral
Your LTV would be 50% if you borrowed $5,000 and deposited $10,000 worth of bitcoin. However, if the value of bitcoin fell, your collateral's value would decrease, increasing your ratio. To get your loan back to its original LTV ratio, if your LTV rises too high, you might need to put up extra collateral.
Case 2: Once your loan is active, you can continue to monitor your LTV using the following formula:
LTV = Outstanding balance/ Market value of collateral
#LDO has successfully maintained the crucial support zone on the daily timeframe, with the daily candle closing above this significant level. Traders may consider cautiously initiating a small long position, implementing a tight stop-loss strategy, and adhering to effective risk management practices. There is a potential for a minor upward move in the near term.
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Here's the Analysis of #THETA :
#THETA is been formed a Head and Shoulder Pattern which is a reversal pattern but still stuck lower below the Strong Resistance Zone of $1.03 - $1.05. Price formed the minor support zone nearby $0.96 and if its break below the zone then we can go with the shorting opportunities and buys only after the break and close above the resistance area.
At the time, A large divergence was in play between the two, with a significant dominance towards coins being dormant, inactive, and illiquid.
This year we see the first signs of a potential closing of this divergence, a notable increase across all measures of “Active Supply”. This provides confluence with the aforementioned uptick in older coin spending.
#BITCOIN WEEKLY TF UPDATE :
#BITCOIN on Weekly TF, still attempting its way to breakout of the key resistance area but looks kinda rejecting it now. If this weekly candle closed below then we can expected some deeper retracements until days gives any closing above $45,000. Daily Market Structure is also bullish, so both scenario have higher probability to play out, so eyes on Weekly Closing.
What Is LMD GHOST?
LMD GHOST plays a crucial role in the popular Ethereum network. But what exactly does this consensus method do? And why does it matter? Let’s break it down in plain language.
LMD GHOST (aka the GHOST Protocol) is a fork-choice rule that allows the nodes in a blockchain network to reach an agreement on the valid state of the ledger. It prevents disputes over which transactions are legitimate. The protocol uses a multi-step voting process by nodes to pick the “heaviest” or most legit new block. This weighted selection aims for faster consensus than other methods. It also enhances security against attacks meant to corrupt the ledger.
How Does LMD GHOST Work?
LMD Ghost is a fork choice rule used in Ethereum's consensus protocol. It stands for "Latest Message-Driven GHOST" and is an extension of the GHOST protocol. Here's how it works:
1. Start at the justified block, which is the last block that has been finalized by the network.
2. Compare every child of the justified block to choose the best one. The "best" block is the one with the highest score.
3. Scores are calculated based on the number of blocks that reference the block in question. The more blocks that reference a block, the higher its score.
4. Repeat this process recursively until a single block is chosen as the head of the chain.
LMD Ghost is designed to be more efficient than other fork choice rules, such as the Longest Chain rule, by taking into account the entire block tree instead of just the longest chain. It is also used in conjunction with the Casper finality gadget to provide finality guarantees for blocks.
#MULTI gave a breakout of the triangle pattern but it the breakout was pretty slow. Price made a range and gave a strong break, which could be sign, also made a retest now. Now hopefully, this might go wit the momentum towards the resistance zone.
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Here's the Analysis of #FET :
#FET is been flipped below the major support zone turned it into the major resistance now of $0.56 - $0.60. Currently, price already testing the zone and a rejection is expected and can be taken a good selling opportunity for sells. Take it after a rejection with medium risk only.
Benefits of Loan-to-Value in Crypto Lending
The beauty of Loan-to-Value (LTV) in crypto lending lies in its dual role—it serves as a safeguard for lenders while empowering borrowers to gauge and manage their own risk effectively. In the realm of traditional collateral-based lending, LTV acts as a litmus test for risk, where a higher LTV translates to elevated risk for the lender, leading to an increased interest rate for the borrower. The correlation is clear: the more substantial the loan compared to the collateral, the riskier the venture.
Now, enter the world of crypto-backed loans, and the LTV takes on a pivotal role in ensuring the timely and complete repayment of loans. The LTV becomes the linchpin of risk mitigation for investors. In the event that a borrower is unable to fulfill their repayment obligations, the safety net kicks in—part of the collateral is liquidated to offset the outstanding loan amount. This mechanism not only protects the lender from potential losses but also fosters a sense of security in the overall lending ecosystem.
For borrowers, the LTV ratio becomes a powerful tool for self-assessment. Picture it as your personal risk-o-meter. Different lending platforms offer varying LTV ratios, spanning from a conservative 5% to a more daring 70%. Opting for a lower LTV provides you with a cushion of safety. Should the market experience a downturn, your assets are less likely to face immediate liquidation, granting you time and breathing space to navigate through market fluctuations.
On the flip side, embracing a higher LTV means you're playing in the fast lane. Extraordinary market situations demand swift decision-making, as your collateral becomes more susceptible to liquidation in order to settle the outstanding loan. It's a high-stakes game that necessitates a keen awareness of market dynamics and the ability to make nimble moves.
In essence, the benefits of Loan-to-Value in crypto lending extend beyond a mere risk metric. It's a dynamic tool that balances the interests of lenders and borrowers, fostering a symbiotic relationship within the crypto lending landscape. As investors seek security, and borrowers navigate risk, the LTV emerges as a crucial factor, orchestrating a harmonious dance between risk and reward in the ever-evolving crypto financial arena.
#TOTAL MARKETCAP UPDATE :
#TOTAL Marketcap, started moving back and forth in the major level. Index formed a small and tight range (Blue Box) and need to breakout either side of the zone. Just not a Breakout, #Bitcoin is also ranging, so this mess might continue till halving.
Notice of Removal of Margin Trading Pairs - 2024-02-16
https://www.binance.com/en/support/announcement/772c3895550d4b858e4747030c9a6068
#ETH is been moving very corrective after bouncing off from the strong support zone. The price looks like very struggling but anyways reaching the Major Resistance zone of $2403 - $2424. Price might reach through it, but over all its looks bullish as it broke the trendline too. Daily TF attached with the chart and looks like, it stuck in a range, so eyes on break now.
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#THETA unable to hodl its right shoulder move and making it way down as per the 2nd scenario. Price already made a retest and expected to move lower, so manage the stops and position size accordingly. Target will remain the same as support around $0.87.
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Binance Will Delist ANT, MULTI, VAI, XMR on 2024-02-20
https://www.binance.com/en/support/announcement/f73b083ba6834771b07dbe5319917ae5
Here's the Analysis of #RNDR :
#RNDR moving inside the small uptrend channel approached the strong resistance zone of $4.89 - $4.96. Price moved the market structure to bearish and hodling nearby the bottom line of the channel pattern. So, with that bearish structure, expected a break to happen, and shorting only after a retest of the pattern.
The largest increase in liveliness since the Dec-2022 capitulation event. This again supports the above analysis, denoting an increase in Coinday Destruction as some investors part ways with a portion of their long-held coins.
However, when viewed in a macro context, Liveliness remains near multi-year lows, suggesting that the dominant majority of the supply remains tightly held, arguably waiting for higher spot prices, or perhaps increased volatility as a motivator to spend.
#BTC made a weekly closing with the rejection and as per our daily analysis price is expected back to retest the major support zone and the probability of breaking/ deeper retracement is increased. Looking into the H4 TF, its going same, as expected a range, so have a eye on retest now.
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How Does LMD GHOST Deal With Attacks?
One potential attack risk is a “balancing attack” meant to split consensus between two competing versions of the ledger. To prevent balancing attacks, the Ethereum developers modified LMD GHOST to incentivize confirming only one fork. The changes ensure nodes bet on a single chain to continue building new blocks. This modification has successfully protected Ethereum from major balancing attacks thus far. Ongoing monitoring and tweaks to LMD GHOST aim to head off any future attacks that threaten consensus.
Does LMD GHOST Bring Fast Performance?
By design, LMD GHOST offers superior performance and scalability compared to previous consensus methods. It allows Ethereum to handle far faster transaction speeds and higher throughput than Bitcoin. However, the surge in Ethereum adoption has also revealed limitations in LMD GHOST’s capabilities. Congestion and high gas fees frequently bog down the network. More refinements to the protocol are needed to fully realize its potential.
Different Between LMD GHOST and Ethereum GHOST Protocol
The Ghost protocol is the basis for LMD Ghost. LMD Ghost is a fork choice rule used in Ethereum's consensus protocol. LMD GHOST provides strong protection against tampering and revision of Ethereum’s transaction records. Its multi-step voting process makes it difficult for attackers to override consensus. The major security concern is its vulnerability to balancing attacks. However, the preventative changes implemented have proven effective so far. Additional mechanisms to disincentives and penalize such attacks could offer even greater protection.
Does LMD GHOST Bring Benefits Beyond Ethereum?
LMD GHOST has the ability to broadly benefit blockchain technology. The voting approach it pioneered enables faster and more decentralized consensus. These advantages could enhance transaction speeds, efficiency and participation in other public blockchains should they implement an LMD GHOST-style protocol. A more inclusive consensus aligns with the democratic spirit of cryptocurrency. Of course, LMD GHOST itself requires further upgrades to maximize those benefits.
#FET made a retest back to the resistance zone, and made a drop around 5% in favor. Daily Candle already pushing down and no signs of market structure shift, so try to trail the stops after candle closure. TP would be around the next support zone of $0.49.
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Here's the Analysis of #LDO :
#LDO is been approaching the major support zone of $2.62 - $2.69 and forming a Head & Shoulder Pattern. Price already formed the bearish market structure, so expected the break below of the zone. Right now, nothing can be done here, wait for the price to reach either reject the zone (only of Daily TF) or break of the support zone.
Amidst market fluctuations and sell-the-news events, long-term #BTC holders remain composed. Supply Last Active metrics show a slight decrease in older supply movement, but overall, the majority of holders stand resilient, approaching all-time highs in held supply percentages across various age bands.
🔴 1+ Years Ago: 69.9%
🟠 2+ Years Ago: 56.7%
🟢 3+ Years Ago: 43.8%
🔵 5+ Years Ago: 31.5%
#BITCOIN DAILY TF UPDATE :
#BITCOIN gave a close below of the support area, cleared out the liquidity resting below it. Price made it way from the support zone of $38,000, and shifted the market structure to the bullish now. Price did made a pullback now and expected to print a new higher high. On H4 TF, is a mess now, ranging alot, so Daily closure will be important below $42,000 or $45,000 for the next directional move.
The significant redemptions taking place from the Grayscale GBTC product as a closed end trust fund, GBTC amassed an extraordinary 661.7K #BTC in early 2021, as traders sought to close the NAV premium arbitrage.
After many years of trading at a severe NAV discount (with a very high 2% fee), conversion to a spot ETF has triggered significant a re-balancing event. Around ~115.6k BTC have been redeemed from the GBTC ETF since conversion, creating significant market headwinds.