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#BITCOIN WEEKLY TF UPDATE :
#BITCOIN on Weekly TF, closed candle very decent and saw a sell-off due to fundamental news. News Aligned with the price action and levels and currently, price is rejecting the support zone of support zone around $62,000. Its a range now, need to wait for the next weekly closings.
What is S2F (Stock 2 Flow) Model ?
In simple terms, the Stock to Flow (SF or S2F) model is a way to measure the abundance of a particular resource. The Stock to Flow ratio is the amount of a resource held in reserves divided by the amount it is produced annually.
The Stock to Flow model is generally applied to natural resources. Let’s take the example of gold. While the estimates may vary, the World Gold Council estimates that around 190,000 tons of gold have ever been mined. This amount (i.e., the total supply) is what we can refer to as the stock. Meanwhile, there are about 2,500-3,200 tons of gold mined each year. This amount is what we can refer to as the flow.
Stock to Flow and Bitcoin
If you understand how Bitcoin works, it won’t be difficult for you to understand why applying the Stock to Flow model to it might make sense. The model essentially treats bitcoins comparably to scarce commodities, like gold or silver.
Gold and silver are often called store of value resources. They, in theory, should retain their value over the long term due to their relative scarcity and low flow. What’s more, it’s very difficult to significantly increase their supply within a short period of time.
According to the advocates of the Stock to Flow model, Bitcoin is a similar resource. It’s scarce, relatively costly to produce, and its maximum supply is capped at 21 million coins. Also, Bitcoin’s supply issuance is defined on the protocol level, which makes the flow completely predictable. You also might have heard about the Bitcoin halvings, where the amount of new supply entering the system is halved every 210,000 blocks (roughly four years).
#ZRO given a good breakout but started ranging below the resistance area and dropped hard with market conditions. Price again entered the range so look for the LTF to change the direction.
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What Is a State Channel?
A state channel is a scalability solution in blockchain technology that allows participants to conduct multiple off-chain transactions without needing to interact with the blockchain network for every transaction. The key idea behind state channels is to reduce the load on the blockchain by conducting a series of interactions off-chain and only settling the final result on-chain. This significantly improves transaction speed and reduces costs.
Here’s how it works:
1. Opening the channel: A state channel is established between two or more participants by locking a certain amount of cryptocurrency in a multi-signature contract on the blockchain. This serves as collateral for the off-chain transactions.
2. Off-chain interactions: Once the channel is open, the participants can perform multiple transactions off-chain. These transactions are recorded and agreed upon by the participants without being broadcast to the blockchain.
3. Closing the channel: When the participants are done transacting, they close the channel by submitting the final state of the channel (the final agreed balance) to the blockchain. The blockchain then updates the ledger based on this final state.
Key Benefits:
- Speed: Transactions are faster since they do not require blockchain confirmations for each interaction.
- Cost: Reduces gas fees or transaction costs because only the opening and closing of the channel involve blockchain interaction.
- Privacy: Off-chain transactions are not recorded on the blockchain, providing greater privacy.
Example Use Cases:
- Micropayments: State channels are perfect for use cases like micropayments, where users want to make frequent, small transactions.
- Gaming: In blockchain-based gaming, state channels can enable fast, off-chain interactions for things like in-game purchases or actions between players.
One popular implementation of state channels is the Lightning Network for Bitcoin, which is designed to enable fast, low-cost payments.
#ORDI getting it rejection from the wedge pattern resistance line and dropping. Price is expected to reach out the support from $24.17 - $25.68. More over, if price breaks the pattern then we can expect it to move higher towards the $48.00 resistance mark.
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Here's the Analysis of #CLV :
#CLV is been moving in a large consolidation and trading nearby the major support zone of $0.029 - $0.032. Its a 65%+ trading range, so you can take advantage of it with a confirmation and tighter stops.
#CAKE fails to hold the level of support as market dumped due to news. Price retested and dropping hard now and expected to reach out the $1.52 area for longs.
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Binance System Upgrade Notice (2024-10-08)
https://www.binance.com/en/support/announcement/6e0a47fa4651498797c9be3e4e35eabe
What Is a Stale Block?
A block that was successfully mined but not included on the current longest blockchain, usually because another block at the same height was added to the chain first. A stale block can be the result of network latency and causes the network to split temporarily into two competing blockchains. Miners resolve the split by continuing to mine new blocks to the chain, considered the valid blockchain. This eventually causes other miners to follow and treat this chain as the true chain.
The stale block is part of the chain that is no longer being mined and is thus considered invalid. Moreover, the mining reward attached to the stale block is also invalid and cannot be spent. The transactions from the stale block return to the mempool and are mined in subsequent blocks.
What Causes Stale Blocks?
Bitcoin has a very low number of stale blocks per year. For example, in 2019, only two stale blocks were mined on Bitcoin, thanks to the low latency between mining pools. Latency thus has a considerable effect on the emergence of stale blocks.
Miners that mine a block broadcast it to the nodes closest to them, which pass it on to other nodes in proximity and so on. The transmission of data is not instantaneous, which opens up the possibility of another miner finding the solution to the same block at the same time.
For example, if one miner is in North America and another is in Australia, they may both find the solution to a block at the same height at the same time. Each miner broadcasts their solution to the nodes closest to them. The stale block eventually becomes apparent as miners see both blocks. The network then has to settle on a block by majority decision, with the longer blockchain being mined and the transactions from the stale block returning to the mempool.
Stale Blocks on Ethereum and Other Blockchains
Before Ethereum's switch to proof-of-stake, stale blocks were also possible on Ethereum. They were called "uncle blocks" and miners could still earn a reward from them, albeit less than the usual mining reward. Other proof-of-work chains can also have stale blocks, which are generally more common than on Bitcoin.
#TOTAL MARKET CAP :
#TOTAL Marketcap had a good retracement back to the strong support zone as looking good so far. The only thing is Index need to hodl the support zone or had a fakeout of this, as this will lea in strong confluence to a upcoming upmove.
#BTC dropped due to global issues and goes near at $60,000. Price trying to recover and can easily do it if there's no more negative statement come out in the market.
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Here's the Analysis of #ETHFI :
#ETHFI dropping hard towards its listing price and rejected hard from the strong resistance area of $$1.71 - $1.80. Overall, price dropping hard due to market conditions and expected a upmove from here.
#GOLD UPDATE :
#GOLD retracing back after printing the All Time Highs and now expected a deeper pullback towards the mentioned pullback area.
Here's the Analysis of #ICP :
#ICP is been gone into a large consoldiation and moving up with the trendline supporting it. Price is been retesting the structural support area of around $9.00 and expected to move towards the major resistance area of $10.50 - $10.95.
Here's the Analysis of #NEAR :
#NEAR is been bouncing off from the major support zone of $4.30 -$4.50 and also with a confluence with the trendline. Price looks good enough to move up from here and with a potential range of 25%.
To compare the impact of ETFs on Bitcoin and Ethereum markets, we've normalized ETF netflow volume against corresponding spot volumes. This ratio reveals the relative weight of ETFs in each market. The analysis shows that Ethereum ETFs influence about ±1% of spot volume, while Bitcoin ETFs affect ±8%. Despite normalization, this indicates that appetite for Bitcoin ETFs remains significantly higher than for Ethereum ETFs, roughly an order of magnitude larger. This disparity suggests a considerably stronger market presence and investor interest in Bitcoin ETFs compared to their Ethereum counterparts.
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#BITCOIN DAILY TF UPDATE :
#BITCOIN on Daily TF, did attempted the move but retraced back to the support zone to the and retracted too. Expected the whole move up from here for next week.
Here's the Analysis of APLINE :
#ALPINE is been moving within a strong consolidation and forming a range between the major support zone and resistance zone of $1.03 - $1.09 and $1.46 - $1.52 respectively. All eyes on breakout and retest for buys.
Demand for the more recent Ethereum ETFs has been relatively tepid, experiencing a net negative outflow. This is driven primarily by redemptions from the Grayscale ETHE product, which has not been counterbalanced by sufficient inflow demand across the other instruments.
On aggregate, the Ethereum ETFs have experienced a total outflow of $-13.1M. This highlights a disparity in the magnitude of demand between BTC and ETH, at least within the context of current market conditions.
#BTC still fails to see some sort of consolidation over the major support zone and we have #NFP news event today. Price is expected to drop lower towards the support zone and move up.
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The launch of Ethereum ETFs in August, following January's Bitcoin ETFs, marks a pivotal moment for cryptocurrency accessibility in US traditional markets. However, Bitcoin ETF flows have softened since August 2024, currently showing weekly outflows of $107 million. This trend suggests a changing dynamic in investor interest or market conditions for Bitcoin ETFs since their introduction.
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#BTC made a easy drop and exactly made a low of $60,000 which is tend to build up more liquidity in the market. Expected a tap into the support Major Support Zone by Friday news event.
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Here's the Analysis of #APE :
#APE is been kept on rejecting from the strong resistance area of $0.86 - $0.90 and forming a bear flag formation. Price already made below the listing price so there's no levels looking left. Look out of most recent break and take the trade.
Analysis of Bitcoin's price momentum reveals a mixed picture throughout August, marked by both positive and negative data points. This indecisive trend contrasts sharply with two previously discussed indicators, which have shown consistently negative signals over the same period. The divergence between price momentum and other market indicators suggests a complex market environment, where price action is not clearly aligning with other metrics of market activity and sentiment.
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Notice of Removal of Spot Trading Pairs - 2024-10-04
https://www.binance.com/en/support/announcement/fac9138cdf1947d4a7184990c04ab2c9
Overall, market experiencing a massive and quick correction due to War situation going on.
Prepare for the worst, we might see some more tensions happening, so accumulate the dump with as we see market consolidation in LTF.
we will look at spot trade volumes at exchange venues. Here, we apply a 90d MinMax scalar, which normalizes the value set over a range of 1 to -1 relative to the maximum and minimum values of the selected period.
From this, a similar observation can be ascertained, with spot volume momentum continuing to decay. This adds more weight to the idea that there has been a notable decline in trade activity over the last quarter.
#BTC drop as per the analysis, price reached the $63,000 and wicked lower too. We can expect some sort of retracement whole week where and we can expect last area to $60,000. Price back into consolidation and taking support too.
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Stagflation in History
When the US was hit by inflation during a recession in the 1970s, the word "stagflation" was coined. Some believe that this incident was caused by the Nixon administration's policies, which strongly urged the Federal Reserve to raise the money supply in tandem with the White House's policy of wage and price controls.
At first, the approach appeared to be a good idea, but an unexpected rise in oil prices severely damaged almost all supply chains. These elements came together to cause double-digit inflation in 1973 and 1974 as well as an almost twofold increase in the unemployment rate. Consequently, consumer spending decreased sharply.
Strategies to Survive During Times of Stagflation
Prepare for the worst! Since stagflation can happen at any time and for a variety of reasons, it is important to prepare for it even when the economy is doing well. During times of economic prosperity, it is common for people to spend more. However, during times of stagflation, people tend to cut back on spending. Therefore, it is wise to invest in savings plans during economic prosperity to fight such gray swan events.