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The market decline led prices to dip below the Short-Term Holder cost basis, a historical support during strong up-trends. The Realized Price and Long-Term Holder cost basis are notably lower ($20,300), creating a potentially delicate psychological market situation.
The supply held by the Short-Term Holder cohort is somewhat 'top heavy', with a significant majority having a cost basis above $29,000
Notice of Removal of Trading Pairs - 2023-08-25
https://www.binance.com/en/support/announcement/d70e85232e864994b619b222d8f4fc0f
Here's the Analysis of #DOGE :
#DOGE broke below the major Support zone of $0.065 - $0.0657 and might get a retest and major resistance zone. Right now, price is just consolidating and tapped the Daily rejection area around $0.0569. You can give a shot on shorting at retest of resistance with low risk.
here's a chart showing the largest single-day wipeouts of open interest.
Last Thursday was the 5th largest single-day decline in Bitcoin futures open interest on record.
That's pretty much aggressive, this might be some indication of something big coming.
#BTC didn't shown any sort of movement and is been continues to consolidate. As being said, price ranges after such aggressive moves. Still have to wait for a breakout, to decide the direction. Mostly, its gonna go lower.
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What is #CPI ?
A Consumer Price Index (or CPI) is a type of index: a basket of assets whose price is tracked to gain insights into market segments. Examples of indices include the S&P 500, the NASDAQ Composite, and the DJIA (all of which measure the performance of the major stocks).
There’s no single CPI – the term refers to any type of index designed to track the prices of consumer goods, services, and household products. Suppose that we have a basket made up of the following expenses: groceries, hygiene products, travel costs, rent, etc. Basically, we can do this with anything you’d expect the average consumer to spend on.
We’ll note down the total cost of the items in that basket, typically using weighted averages to give more “weight” to more important items. Then we’ll note the year/month/period, too. By doing this at set intervals, we can get an idea of how the index is performing over time.
Why is CPI used?
A Consumer Price Index is a powerful benchmark for measuring developments in the economy. Specifically, it’s used to monitor the impact of inflation or deflation. This is useful for many reasons – governments can gain insights into their monetary policy decisions and calculate how much should be given to those with subsidized incomes.
#TOTAL2 (Altcoin MarketCap) :
#TOTAL2 is been gone as per plan and is been dipped down towards the Major Support Zone of $490B - $496B and took a hard rejection. Well, Most altcoins are consolidating or creating a Bearish Continuation Pattern.
Here's the Analysis of #OP :
#OP is been strongly rejected from the major support zone of $1.363 - $1.419 with a Trendline confluence. Price is expected to reachout the resistance area of $1.55 - $1.59 and fall-off. Wait for the price to move as per plan.
2nd wave starting now, buying every small dip before a new high!!
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75% market buying will work!
https://www.mexc.com/exchange/FRTN_USDT
Dear members,
1 hour left until the MEXC pump!
A massive 3000%-5000% pump is about to happen in only 60 minutes. We will be using USDT for this call, make sure you have “USDT”in your “MEXC wallet”before pumping.
On a comparative basis, #Options markets have seen a significant uptick in dominance and growth, with open interest more than doubling over the last 12-months. Options now rival futures markets in terms of open interest magnitude.
#Futures open interest on the other hand has been in steady decline since late 2022 (when #FTX collapsed), and has only seen a slightly increase in 2023.
#BTC played perfectly inclined with other HTF charts. We've a huge bearish candle after the rejection and going as expected. Well, next week we can expect some retracements and over have to reach out the support zone around $25,000 and below ($24,150 - $24,500).
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Here's the Analysis of #THETA :
#THETA performed same as other altcoin in the market and reached the major support zone of $0.554 - $0.595 and kinda getting rejection from it. Well, if you took buys then its ok, anyways it will be risky at this point. Better wait for the price to form resistance for shorting opportunities.
Difference Between Total Supply vs Circulating Supply vs Max Supply ?
Total Supply, Circulating Supply, and Max Supply are crucial concepts in the world of cryptocurrencies, each offering distinct insights into a digital asset's characteristics.
Total Supply : This refers to the overall quantity of coins or tokens that a cryptocurrency protocol has the potential to generate. It encompasses all coins that have already been mined and those yet to be mined. However, it might include coins that are locked, unreleased, or reserved for various purposes. Total Supply provides a broad view of the asset's potential availability.
Circulating Supply: This represents the number of coins or tokens that are currently accessible and actively circulating in the market. It excludes coins held in reserve, locked, or otherwise not available for trading. Circulating Supply gives a more accurate reflection of the asset's liquidity and how much is readily tradable.
Max Supply : Max Supply is the upper limit of the number of coins or tokens that will ever exist within a cryptocurrency's protocol. Once this limit is reached, no more coins will be created. Max Supply sets an ultimate cap on the availability of the asset and plays a role in determining its scarcity and potential long-term value.
Understanding the distinctions between these supply metrics is essential for evaluating the market dynamics, investment potential, and fundamental attributes of a cryptocurrency.
#BTC.D (#Bitcoin Dominance) played inclined with out analysis and tapped the major support zone. Altcoin dumped as predicted and now we might see some retracements back to structural Resistance around 49.80% and 50.65%.
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#BTC tried to dip down again and gave a fakeout which is expected. Price tapped the daily level and gave a rejection. Price is again back in range and might continue with it. Keep an eye on breakout only.
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What is Crypto Protocol ?
A crypto protocol outlines rules and procedures governing behavior within a decentralized network secured by cryptography. These protocols are transparent, open-source, and designed to avoid centralized control. Participants validate transactions and maintain consensus.
Protocols extend beyond cryptocurrencies, found in various systems. For instance, the Internet uses HTTP and HTTPS protocols for websites. Similarly, crypto protocols enable trustless transactions, using cryptography for security.
Consider Bitcoin: a notable crypto protocol allowing direct, intermediary-free transactions. Its Proof of Work (PoW) consensus relies on participants solving complex puzzles to validate transactions.
Crypto protocols underpin the emerging DeFi field, aiming to create decentralized financial systems rivaling traditional finance.
#TOTAL MARKETCAP ANALYSIS :
#TOTAL MARKETCAP going as per plan, Index gave a sharp drop after the breakout of the $1.22T support and nearly reached-out the next support area of $978B - $992B. Well, we can expect the same, as price will consolidate for some time after this types of heavy moves. Short-term pullback may happen but remember it won't last long.
Here's the Analysis of #SOL :
#SOL break below of the strong level of $22.00 - $22.30 and price going after retesting the strong resistance. We can expect the sells in continuation but entering right now will be risky but wait for the price to retest back to $21.30 and above.
#Bitcoin hash rate just set another all-time high 🚀🚀🚀
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#BTC is pretty much less volatile at this moment, as is been consolidating above the $25,000 mark/ support zone. A breakout will decide the next direction of the move. Mostly we might see a fakeout in these cases.
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#FRTN pump summary:
Amazing signal with around 130k USDT in volume with a peak of +6500%. Hundreds of thousands of MEXC traders took notice of our call on #FRTN as it climbed the 'Top Gainers' list, resulting in massive profits for all! As we promised our whales supported our coin and we managed to go beyond our profit expectation perfectly and we're glad everyone participated. Our team managed to hold the price high enough with nice multiple 10x-15x waves, doing so allowed everyone to make maximum profits. Overall, we can safely say that this signal was a huge success and our whales will have much bigger volume in upcoming one and we will make sure to reach again 5000%-7000% gains on MEXC.
We are receiving many messages of appreciation and we are glad many of you managed to turn a massive profit on this signal! Stay tuned for our next big signal announcement!
Keep buying, our whale will support market buy!
https://www.mexc.com/exchange/FRTN_USDT
The coin we are pumping tonight is : FRTN
https://www.mexc.com/exchange/FRTN_USDT
Buy and hold for massive profits
3 hours left until the mega pump on MEXC! Things are looking great for us and we will definetly be expecting a very nice pump!
Here is a list of things you need to know before the pump:
- The faster you buy the more profit you will make, buying early is the most important factor that will determine your profits.
- If you are using market buy , using the 100% option won't work , instead use between 75% and below.
- The pump will be free for all and on MEXC, the signal will be given on all our telegram groups at the same time
Dear members,
6 hours left until the biggest pump we have ever done on MEXC!
- Our target will be 3000%-5000% gains today. We will be using the MEXC exchange to pump.
- We will be using the USDT pairing to buy, make sure you have USDT in your account to buy the coin.
- Hundreds of hundreds of traders will be buying at once, make sure you buy early before outsiders do.
- If you plan to use your whole balance, you can buy using 75% of your balance initially at market price, use the remaining of your balance to place buy orders!
- When you buy the coin and it's time to sell, never sell on the buy supports! Instead sell slowly in parts as the price goes up.
- After buying, we highly suggest to place buy orders below the market price as the price moves up.
📣 12 hours remaining until our pump on MEXC! Our pump will be free for all and everyone will receive the signal at the exact same time. A few tips before we begin : Buying early and fast is very important! Make sure to be active during the pump. If you buy and sell for a profit we suggest adding a buy order at a lower level afterwards to ride the waves and help support the pump, never sell on the buy supports! Instead sell slowly in parts as the price goes up. We are aiming at 3000%-5000% gains today possibly even more, make sure you have “USDT” in your “MEXC wallet” before pumping.
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Exactly 24 hours left for the biggest MEXC Mega Pump we’ve ever seen, expect profits of no less than 3,000% and a volume never seen before, our big whales will be pushing price up for hours after our initial signal, getting the biggest volume from outside traders, and making sure all our members make huge profits again!
Make sure you have “USDT”in your “MEXC wallet”before pumping. Be ready at 4pm GMT tomorrow.
#BITCOIN DAILY TF UPDATE :
#BITCOIN played in HTF exactly as expected, price made a sharp drop over the market and is been near reached the support zone nearby $25,000. Price mostly slow down after these strong moves, and Weekend is on, so wait for the Global to open and see where it drives.