Price action has stagnated, and investor sentiment has been apathetic over the last six months. However, a notable change has occurred over the previous three months, with downward pressure increasing and causing the market to experience its most significant drawdown of the cycle.
Nevertheless, from a macro perspective, the spot price is trading around -22% below the ATH, which remains a relatively shallow drawdown compared to historical bull market regimes.
#BTC doesn't moved alot still attempting the break of the Major Resistance Area. Buyers standing strong and we can see that in on chain data as well.
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phenomenon can also be observed across the broader digital asset ecosystem, with a vast swathe of tokens now displaying a neutral funding rate. This underscores the idea that a major reset in speculative interest has occurred across the entire market, and therefore, spot markets are likely to be in the driver's seat for the near term.
Читать полностью…#BTC again turned back to the major resistance level and forming the bear flag pattern and hitting the major resistance too. This is now a crucial point and we may see some strong moved either side of the market after the breakout.
Читать полностью…#STRK dumped after a shallow closing above and reached the mid-way to the level. Already said multiple times, only look for strong closings. In case of reaching the support, you can have small buys over there.
Читать полностью…Here's the Analysis of #CRV :
#CRV is been continues printing the lower lows and moving within the consoldiation range of Support zone of $0.20 - $0.22 and Major Resistance Area of $0.39 - $0.41. Price Action is not clear at the moment, so try to catch the range top and bottom and wait for the breakout.
What is URPD (UTXO Realized Price Distribution) ?
#URPD stands for UTXO Realized Price Distribution, to analyze the distribution of Bitcoin's realized prices based on the age of the UTXOs (Unspent Transaction Outputs) or in other words #UTXO Realized Price Distribution (URPD) shows at which prices the current set of Bitcoin UTXOs were created (i.e. each bar shows the amount of existing bitcoins that last moved within that specified price bucket). The price specified on the x-axis refers to the lower bound of that bucket.
The UTXO Realized Price Distribution helps to understand the average cost basis of Bitcoin holders based on when they acquired their coins. It divides the UTXOs into different age groups, such as those acquired within the last 30 days, 90 days, 180 days, and so on, and calculates the average price at which those coins were last moved.
This metric provides insights into the behavior of long-term holders (HODLers) and short-term traders. It allows analysts to determine the levels at which different cohorts of Bitcoin holders may be willing to sell their coins, as well as the potential price levels at which they acquired their holdings.
By analyzing the URPD, one can gain a deeper understanding of the distribution of Bitcoin's realized prices across various time frames and identify potential price points where significant buying or selling pressure may emerge.
#URPD metric, segregated for Long and Short-Term Holders. Here, we can see that over +480k BTC was acquired above the current spot price and is now classified as LTH supply 🟦.
This also means these LTH coins are now held at an unrealized loss.
#BTC had a short-term pullback and reached near towards the major resistance area and kinda rejecting. Structure now turned bullish at the moment and need to see a break and close of the resistance.
Читать полностью…The Bitcoin supply held in the 3-6 month age band has seen a surge in loss-taking since July, with the capitulation's magnitude resembling past market inflection points. However, the remaining supply in this age band is nearing Long-Term Holder status, indicating decreasing sell pressure and a potential market turning point.
Читать полностью…#BTC made a weekly closing with a good large wick and body too. Price printed a lower low as expected and broke the channel pattern. In LTF, price forming a bear flag which could potentially lead the price lower.
Читать полностью…Net realized profit/loss is currently at a value of +$15M/day, a far cry from the $3.6B/day of capital inflow experienced as the market set the $73k ATH in March. Typically, this metric returns to a neutral level near inflection points such as a continuation of the trend or a reversal back into a macro scale bearish trend.
Читать полностью…#BITCOIN WEEKLY TF UPDATE :
#BITCOIN on Weekly TF, played perfectly, getting rejected from the resistance area and nearly got into the support zone as well. Price still looks bearish, ad expect a drop lower towards the area around $51,200. Closing will give more clarity in of the next week market.
#CRV now forming a triangle pattern and need to see some sort of break of the pattern to getting into the trade on a retest.
Читать полностью…Here's the Analysis of #PEOPLE :
#PEOPLE is been kept on bouncing from the Major Support Zone of $0.045 - $0.046 and kinda forming a triangle pattern. Its Daily TF, and we need to see some sort of breakout from here, a break of $0.075 will be good enough.
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Sept 11
#Bitcoin ETFsnNetFlow: +771 $BTC(+$44.32M)🟢
#Fidelity inflows 1,093 $BTC($62.82M) and currently holds 172,717 $BTC($9.93B).
Here's the Analysis of #RPL :
#RPL is been kept on printing new lower lows, and formed a new support zone of $8.85 - $9.45 and rejected from the resistance line too. Price given a short-term move by breaking the small down trend channel pattern. Nothing clear as of now, wait for the price to break either side and pull the trigger with a retest.
Our analysis of perpetual swap markets, which provide a read on the appetite for speculation and leverage across Bitcoin markets.
In general, there has been a marked decline in liquidation volumes in recent months, especially relative to the excitement around the March ATH. This suggests that the appetite for speculation has declined and suggests a more spot-dominated market regime for the time being.
#BTC nearly got it rejection from the Major Resistance after breaking the trendline. #BTC showing mixed sentiments and nothing much clear at the moment. Better wait for the clear directional move, overall it shows a pretty down move.
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#GOLD UPDATE :
#GOLD gave a stop hunt to the downside and tapped into the major support zone as expected. Price already reacted from the zone and still in range. Expecting is to gone through the new #ATH.
Here's the Analysis of #STRK :
#STRK moving towards the listing price and build of the support zone of $0.33 - $0.35 and Resistance Zone of $0.41 - $0.42. Price gave a shallow close above and expected an up move towards the next resistance area of $0.50 - $0.51.
#US30 UPDATE :
#US30 shifted it structure from bullish to bearish. Price now trying to reach out the next major support area around 40,000 and a potential bounce is expected.
Here's the Analysis of #RDNT :
#RDNT is been continuously printing the lower lows and made a fresh support at $0.059 - $0.062 and rejected from the resistance area of $0.089 - $0.093. Price formed a new range and there's nothing on the left, for major supports.
#DXY UPDATE :
#DXY also played perfectly, the level turned into a fakeout now and gave a drop lower near to the lower low. Price failed to print a new lower low and now we can expected a push up into 101% area.
Here's the Analysis of #LEVER :
#LEVER is been moving lower the major resistance area of $0.002 and formed a consolidation range. Price trying to gave a break below of the support and might give the shorting opportunities. Eyes on Daily and H4 Candle closes.