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What Is a Market Taker?
A market taker is a participant in the market who executes orders by taking liquidity from the order book. Market takers place market orders or marketable limit orders that are executed immediately at the best available prices on the order book. They accept the prices offered by market makers or other participants in the market. Market takers pay the spread when they buy or sell assets, and they usually trade with less frequent or larger orders than market makers.
Suppose you're a market taker who wants to buy Bitcoin on an exchange. Here's how you would interact with the market:
1. Placing Orders: Unlike market makers who provide liquidity by placing orders on the order book, market takers execute orders by taking liquidity from the order book. You place market orders or marketable limit orders, which are orders that are immediately executed at the best available prices on the order book.
2. Immediate Execution: When you place a market order or marketable limit order, it's executed immediately at the prevailing market prices. For example, if the best ask price for Bitcoin is $40,050 and you place a market buy order, your order will be filled at $40,050 or a slightly higher price if there's insufficient liquidity at that level.
3. Paying the Spread: As a market taker, you pay the spread—the difference between the bid and ask prices. When you buy Bitcoin, you pay the ask price, and when you sell Bitcoin, you receive the bid price. The spread represents the compensation for the market maker's role in providing liquidity to the market.
4. Trading Strategy: Market takers typically have specific trading strategies and objectives. They may trade with larger order sizes or execute trades more frequently than market makers. Market takers aim to enter or exit positions quickly at the best available prices without waiting for limit orders to be filled.
5. Risk Management: Market takers also need to manage their risk exposure when trading. They may use stop-loss orders or other risk management techniques to limit potential losses if the market moves against their position. Additionally, they may monitor market conditions closely to identify opportunities for profitable trades.
#RNDR made a break down off the flag, and made a quick move up with the market. Price entered into Strong Resistance Area, and now it matter of point to see, if it breaks the zone or reject it. Look for Daily candle closure, so get into the proper setup.
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Here's the Analysis of #GRT :
#GRT is started pushing from the structural support zone of $0.164 - $0.165. Currently, price is approaching towards the Strong Resistance Zone of $0.174 - $0.177. Its a pretty tight range, so expect a break first before entering any setup. Market is bullish so buy will playout best in the scenario .
#MVRV started flipping bullish as #MVRV Ratio flipping above the 1Y MRVR Moving Average. Historically, we've seen this indicating some good mid-term and long-term trends successfully, so this could be another indication to us.
Read About our MVRV Ratio Post Here
#Bitcoin kept pushing higher and made its weekly closing above the Resistance. Price still unable to break its previous High, which means building up liquidity above, to maximize trapping traders. Anticipation would be a correction in the market near $45,000 - $44,000.
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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.
#ADA gave a shallow break of the Resistance zone( Blue Box) but on Daily TF, its a shallow break. Well, still we can consider it a break, as we're bullish at this point, the setup will be a retest back to the support area or slightly below of it.
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Here's the Analysis of #INJ :
#INJ is been kept on bouncing from the support zone of $29.8 - $31.1. Currently, price is moving inside the downtrend channel pattern, where could take a breakout from here. In case if it failed to break it, then we can expect it to move lower back to support and that will be a decisional point to take the setup, so until that wait for the clean breakout.
during market uptrends, spot prices consistently exceed the cost basis of increasing coin supply, indicating profitability. To smooth fluctuations, a 90-day EMA is applied to total Supply in Profit [BTC]. Rising 90-day EMA indicates positive momentum, depicted as a 🔵 oscillator. Positive values signal supply in profit growth over 30 days. Advanced analysis focuses on oscillator magnitude and divergences, especially around cycle extremes. It more in profits now as #BTC Moves above $47,000.
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#BITCOIN DAILY TF UPDATE :
#BITCOIN going as expected, as it shifted the market structure from bearish to bullish. Price easily reached the Major Resistance Zone, within a week and kinda getting rejection from it. Weekly candle close will be very important to us. Nothing new, if price comes for a pullback, nearby $44,000, so eyes on Weekly closings.
What Is a Man-in-the-Middle Attack (#MITM)?
In cryptocurrency or computer security, a man-in-the-middle attack (#MITM) attack is a general term for a cyberattack where a perpetrator positions himself in a conversation between two parties either to secretly eavesdrop, intercept communication or modify traffic traveling between the two. The two parties who believe that they are directly communicating with each other are communicating or sharing information with a third party, making it appear as if a normal exchange of information is underway. The perpetrator must be able to intercept all relevant messages passing between the two victims and inject new ones. In most cases it is easy; for example, an unencrypted WIFI can be used by an attacker to place himself as a middle man in a conversation. MITM attacks are a tactical means to an end to stealing, for example, login credentials or personal information like a private key, spy on the victim, or sabotage communications or corrupt data. encryption can help protect against MITM. However, successful attackers will either reroute traffic to phishing sites designed to look legitimate or simply pass on traffic to its intended destination once harvested or recorded, meaning detection of such attacks is incredibly difficult.
As #MITMs try to avoid mutual authentication, it can only succeed when the perpetrator successfully impersonates each endpoint sufficiently enough to make them believe. Endpoint authentication is used by Most cryptographic protocols in an attempt to prevent MITM attacks. For example, TLS can authenticate one or both parties using a mutually trusted certificate of trust. A man-in-the-middle Attack (MITM) should not be confused with meet-in-the-middle Attack.
#ADA gave a early breakout with a daily candle closure, but to turn truly bullish, it been a matter to break above the Flip Area/ Resistance (Blue Box) around $0.54 - $0.55. After a clean break, we can have clean buys above the zone with a retest.
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Here's the Analysis of #GAL :
#GAL is been broken the Downtrend Resistance line and trying to move u. Price already made strong bounce from Strong Support Zone of $1.65 - $1.73, so expected it to reach out the next end of the zone of Resistance around $2.56 - $2.61. Longing opportunities can be taken after the daily closure of the Resistance (Blue Box) around $2.16 - $2.20.
A pattern of profit realization has emerged, reflecting the current market sentiment. The provided chart illustrates the average profit or loss per coin sent to exchanges. During the peak of #ETF speculation, this metric surged to an average profit of $3.1K, coinciding with the climax of the April 2023 rally. However, this figure pales in comparison to the $10.5k average profit recorded during the peak of the 2021 bull market. The recent decline suggests a significant cooling off, indicating a potential shift in market dynamics.
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#BTC made a break of the Triangle pattern and the structural resistance area too. Price straight away entered into Resistance now and expected a drop now back to the support zone. Alternatively, a break and close above of daily candle is required for turned the overall market direction.
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We can use Short-Term Holder MVRV to monitor the unrealized profit or loss of new market participants. Comparing the STH cost-basis to the spot price reveals the pressure they face to sell at a loss or take profit.
#MVRV is already above the 1.0 Mark, which shows strong bullishness in the market and #MVRV tested the Moving Average as Resistance already, and more momentum yet to come if it crosses the 155D Moving Average with MVRV
#BTC started facing resistance near $50,000 physiological level and made a ting range over there. Price is expected a retest back into some sort of support zone $48,500 and lower. Looking into the Daily TF, price already at a resistance point, so wait for the healthy correction.
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#DYDX broke below the support area, turned it into resistance. Price broke the Trendline too, showing some bearishness. Price already did a retest for shorts, i hope you entered it with stops over the previous swing high.
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Here's the Analysis of #DYDX :
#DYDX is been sharping moving up and in a retracement phrase now, hodling above the strong flip level/ support zone of $2.90 - $2.93. Price almost broke the trendline, showing sign of bearishness, but a bounce is expected towards the resistance area of $3.19 - $3.17 as price is sitting on the structural support zone. Take it as medium risk and in case price flips below the zone, its also a shorting setup.
#THETA did gave a shallow break below of the channel pattern and did up an channel/ flag formation. Price action is very choppy at the moment, and a clean break is required either side of the resistance zone or the flag pattern.
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#BITCOIN WEEKLY TF UPDATE :
#BITCOIN on Weekly TF, gave a rejection from the Resistance but Daily market structure is still bullish at that point. Currently, we've a long huge candle which trying to break and close above the zone of resistance around $46,680 - $47,200. This weekly close is important to us, as it may drive through the next resistance zone around towards $52,400 and a close below will lead into a healthy retracement in the market.
What Is a Market Maker ?
A market maker is a participant in the market who provides liquidity by placing limit orders on the order book. They do this by continuously buying and selling assets to maintain an active market. Market makers typically profit from the spread—the difference between the buying price (bid) and the selling price (ask). They usually place orders slightly below the current market price (bid) and slightly above it (ask). Market makers help ensure that there are always buyers and sellers in the market, facilitating smoother trading and tighter bid-ask spreads.
Imagine you're a market maker trading Bitcoin on an exchange. Your goal is to provide liquidity to the market by continuously quoting bid and ask prices for Bitcoin. Here's how it works:
1. Placing Orders: You place limit orders on the order book to buy and sell Bitcoin. For example, you might place a bid to buy Bitcoin at $40,000 and an ask to sell Bitcoin at $40,050. These orders are typically placed slightly above the highest bid and slightly below the lowest ask to capture the spread.
2. Maintaining Liquidity: As the market moves, you adjust your orders to reflect the changing price dynamics. If the price of Bitcoin rises, you might adjust your bid to $40,010 and your ask to $40,060. By continuously updating your orders, you ensure that there are always prices available for traders to buy and sell Bitcoin.
3. Profiting from the Spread: You make money from the spread—the difference between the bid and ask prices. In our example, if a trader buys Bitcoin from you at $40,050 and immediately sells it back to you at $40,010, you earn a profit of $40 per Bitcoin. This profit compensates you for providing liquidity to the market.
4. Managing Risk: As a market maker, you also need to manage your risk exposure. If the price of Bitcoin moves against your position, you may incur losses. To mitigate this risk, you might use hedging strategies or adjust your position size based on market conditions.
Overall, as a market maker, your role is to provide liquidity to the market, maintain tight bid-ask spreads, and facilitate smooth trading for other participants. By doing so, you help ensure that the market functions efficiently and that traders can execute their orders quickly and at fair prices.
#LDO moved from the major support zone as per from our call, and moved 15.8% in profits. Price looks very corrective and might move down back to the support, so it better to Breakeven and even secure something. $3.18 will be stand as resistance area and TP for us,
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#ETH UPDATE :
#ETH goes as said, price made its way through the major resistance zone of with a daily candle closure. We attached a Daily TF SS, price made a retest and strongly jumped. Market structure is moving bullish, and as long as price hodl above $2,400 then we can consider it bullish and next target will be $2,700.
During network growth, exchange-related volumes rise. Using Glassnode's entity-adjustment heuristics, we'll focus on Exchange Inflow Volumes, a direct measure of spot trading activity.
We'll employ a basic fast/slow moving average crossover analysis, identifying periods where the 30-day SMA surpasses the 365-day SMA, indicating heightened short-term activity.
Analysts may also examine the deviation between these moving averages and their gradient for advanced insights and divergences.
#Bitcoin kept on pumping as the breakout happens and gave a Daily Candle Close above the Resistance Area too. Price still pushing higher and expected a retracement from the next resistance area around $47,000.
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What Is a Mainnet Swap?
Mainnet swap is the migration of a cryptocurrency project from a third-party blockchain network, such as Ethereum, to its native blockchain network.
A third-party blockchain network is used when a cryptocurrency project is in its testnet phase. But once it moves from the testnet phase to the mainnet phase, users receive native cryptocurrency in exchange for their third-party tokens. That’s why it is also called token migration or token swap. At its core, the mainnet swap is the exchange of third-party tokens with the platform’s native cryptocurrency.
Better Understand Mainnet Swap
Since 2017, ELF has been held as an Ethereum based #ERC-20 token. After spending considerable time testing the security and reliability of its platform, they announced the mainnet swap on September 9, 2021. Typically, the mainnet swap follows a 1:1 ratio. Once it is completed on the entire blockchain, the remaining tokens are burned.
Another example of a mainnet swap is #BNB (Binance Coin). When Binance Chain was in its testnet phase, it was using the Ethereum based ERC-20 BNB token. However, after the mainnet launch, #ERC-20 BNB token holders were encouraged to migrate to the BEP2 BNB coin (the native coin of Binance). This swap occurred at a 1:1 ratio, meaning 1 #BEP2 #0000000d BNB coin equaled 1 ERC-20 #BNB.
When Does Mainnet Swap Occur?
Typically, a mainnet swap occurs when a cryptocurrency project moves from one blockchain to another or migrates its tokens from a third-party blockchain to its native chain. However, the mainnet swap isn’t associated exclusively with new blockchains. A project may announce it if it decides to move from one protocol to another. One example would be the migration of tokens from Bitcoin-based protocol to Ethereum network.
When it comes to the specifics of a mainnet swap’s execution, it varies from project to project. The majority of projects give a deadline to users for the migration of tokens. Failing to do so means you will end up losing access to your tokens as they’re usually burned after the given deadline.
How Is the Swap Done?
Depending on the main features of execution, users can either manually swap their tokens or leave them to the platform. For example, Binance allowed users to leave their previously issued tokens on their accounts, so the platform could automatically swap their tokens with native tokens.
#TOTAL2 (Altcoin MarketCap) Update :
#TOTAL2 kept getting strong and hodling the support zone too. Index rejected the support and reached the structural resistance area. #bitcoin also gave a breakout over the zone and pattern, and a closure above will give a confidence to buyer, which will bring up an alts rally.
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.