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Increased miner #outflow occurs around halving events in the cryptocurrency market, such as those in July 2016 and May 2020 for #Bitcoin. Miners sell more of their mined cryptocurrencies to cover costs ahead of #halving, where mining rewards are reduced by half. This selling pressure by miners contributes to downward pressure on prices before halving events.
n this cycle, we can see that the outflow rate soared sharply in January 2024. This is because miners moved a large amount of their holdings to the #ETF with the approval of the #BTC #ETF.
#BTC made a clean break with the Daily Candle close and obviously H4 Too. Price now returning back to the support zone for a retest and anticipated to push higher rom here. Plenty, of on chain action activity going on showing market absorbing the pressure.
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The Halving event, the transaction fees for #Bitcoin reached an all-time high, totaling over $80M.
Currently, miners are extremely overpaid.⛏
This increase in fees can be attributed to the reduction in block rewards for miners, which has led to increased competition and higher fees required to have transactions validated promptly.
#BTC in Weekly and Daily TF playing well, price tapped into the support zone kept on rising with a Inverse Head and Shoulder Pattern. Currently, #BTC breaking the resistance area, where candle close is still pending yet. A complete breakout will increase the probability of reaching the $70,000 mark again.
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What Is a P2P DEX?
P2P DEX is short for peer-to-peer decentralized exchange. It is a blockchain-based application that supports peer-to-peer trading, which is any trade that occurs directly between two crypto traders without third-party involvement.
P2P DEXs propel the autonomous and free mindset in crypto, moving away from financial institutions and traditional finance.
Unlike automated market maker (AMM) DEXs (e.g. PancakeSwap or Uniswap) where users can trade with each other indirectly via liquidity pools, users of P2P DEXs (e.g. Liquality or AtomicDEX) transact directly with each other in a trustless environment.
There are several benefits to using a P2P DEX over AMM DEXs and centralized crypto exchanges.
P2P DEXs have a clear security advantage because they allow users to trade funds from their own non-custodial wallets. AMM DEXs require market makers to lock funds into smart contracts. They are more vulnerable to hacks because large sums of funds are often pooled into a single crypto address. As seen with incidents like the $650 million Ronin bridge hack, AMM DEXs often have a small group of validators who are responsible for keeping liquidity provider funds secure.
Essentially, P2P DEXs provide a more trustless, decentralized and secure solution for liquidity providers because funds aren’t pooled together. While P2P DEXs sometimes lack liquidity, the main benefit is that users, especially liquidity providers, don’t need to worry about issues like impermanent loss or smart contract exploits.
Secondly, many of them use trading tools, like atomic swaps, which makes these platforms cross-chain and cross-protocol compatible. For example, two users can trade Bitcoin (BTC) with Ethereum (ETH) or Shiba Inu (SHIB) with Dogecoin (DOGE), across their respective blockchains without needing a trusted third party.
Additionally, P2P DEXs also provide a greater degree of anonymity compared to centralized exchanges since platforms don’t require users to complete a formal registration process or submit personal information.
To get the benefits of both AMM and order books, some DEXs, such as IDEX, have implemented a hybrid model that combines both architectures.
Some examples of peer-to-peer DEXs can be found on protocols such as Liquality, Polkadex, ShibaDEX, and AtomicDEX.
#TOTAL2 MARKET CAP UPDATE :
#TOTAL2 Cap tried to made the Inverse Head & Shoulder Pattern, and melted down after the consolidation. The support zone around $940B - $956B, where price is hodling the support. The structural resistance is at $1.0T Mark and a break of the resistance will lead in alts rally.
Here's the Analysis of #DUSK :
#DUSK is been trending lower low and lower high and tap into the strong support zone of $0.27 - $0.29. Price already made a reaction from the zone and shifted the market structure. Currently, price is trying to the break the resistance trendline, which can give the buy setup on the retest nearly $0.39.
The new US Spot #ETFs have become a dominant force in the market. These new instruments introduced a significant source of new demand into the market, more than offsetting the daily issuance, as well as sell-side pressure from #GBTC and existing holders.
Comparing spot trade volumes 🟧 and ETF trade volumes 🟦, there is strong correlation between these markets, with ETFs trading around 30% of the size of global spot markets. We can also see the seasonality impact of weekends, where ETF markets are closed, and spot trade volumes are notably lower.
#BITCOIN DAILY TF UPDATE :
#BITCOIN on Daily TF,goes all the way down towards the $60,000 level of support and even wicked below it. Price kept on testing the support area and rejecting multiple times. Now, focusing on the Market structural shift in Daily TF, to turn the price bullish, and H4 is already into play.
Here's the Analysis of #SUSHI :
#SUSHI is been lying on the strong support zone of $0.92 - $0.95 and kinda ranging from last 5 Days. Price made a stop hunt to the down side, showing the potential upmove might come. You can attempt buys here with lower lots and add more as soon as price break the resistance (Range top).
We can see a positive momentum signal to what has been in play since July 2023, suggesting the flow of coins in and out of exchanges is also heightened. The monthly average of total Exchange Flows (inflows plus outflows) is currently at $8.19B per day, significantly higher than the peak in the 2020-2021 bull market.
Overall, Bitcoin’s YTD price action is supported by a significant uptick in spot trade volume, and exchange flows onchain.
#BTC made a quick dump as soon as the news came out over Israel will attack Iran. Price Nearly enters the support but we can see a quick recovery too. It shows the market optimism but still we caught up in a range, so waiting for a break would be better.
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OVER $6,300,000,000 WORTH OF SHORTS WILL GET LIQUIDATED IF BITCOIN HITS $71K
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As Long-Term Holder (LTH) realized profits rise, their sell-side risk ratio has also increased, especially since October 2023. This trend aligns closely with previous all-time high breaks, indicating that distribution pressure and profit-taking by LTHs mirror past cycles. In summary, the current market behavior suggests a familiar pattern of LTHs managing profits and risks, similar to historical trends.
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#BTC goes with the dip down back to the support zone as expected, and made a wickfill. Price bounced from there but still maintaining the bearish market structure. Well, its still a worth to watch the price action and also a good area to re-accumulate.
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#SUSHI made a move to the upside and moved around 12% in profits. Price didn't gave any retest back to the range, but still trending good. Price already at a resistance zone and time for the Take Profit now. Retracement might come, so try to catch those pullbacks.
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Here's the Analysis of #JTO :
#JTO is been consolidating and wicking too, lying on the support zone of $3.68 - $3.74. Price is been very corrective while reaching the support area, where a bounce can expected from there with the trendline confluence. Take the risk accordingly with proper risk management.
#ADA working great as per the analysis, the bottom trade moved nearly 22% in profits and 2nd one after flip moved 7% in favor. Price already broken the structural resistance to the left, so expecting more higher moves in the coming days. Next Resistance is at $0.56, so manage the positions accordingly.
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Here's the Analysis of #ATM :
#ATM is been rejecting strong with the large wick from the Major Resistance Zone of $3.85 - $4.04. Price already trading at lower resistances too nearby $3.50 and Price Action is very messy at the moment. Its better to wait for a break of the resistance.
By mid-March, the spot volume delta reached +$143.6M, which is slightly lower than the peak in February 2021 ($145.2M) but indicates a major shift towards a net buy-side bias. Notably, most of 2023 experienced a net sell-side bias in spot markets despite the fact that markets had minimal pullbacks, and steadily climbed higher.
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#BITCOIN WEEKLY TF UPDATE :
#BITCOIN made a clean rejection from the support zone, but failed to surpass the resistance. Price again dipped lower and kinda rejecting again. well, that's kinda wick-fill happened, so by the next week you can expect the next week to be a bullish one. Also, One thing can be this can be a range and continue until the next monthly candle closing.
What is post-mining?
Post-mining is a practice performed by developers that creates new coins following the launch of a cryptocurrency, but before public mining is possible. This allows the team to produce new coins without competition from external parties.
This sometimes occurs between the snapshot date — such as when token balances are counted so a newly created coin can be dropped or swapped on exchanges — but before code has been made public for outsiders to mine new coins.
Bitcoin Gold (BTG) conducted what many considered post-mining. The team behind the project produced 100,000 BTG between the snapshot date and the date that public mining began.
The founding team set aside 5,000 BTG for each of Bitcoin Gold’s six core members. The rest was left for growing the newly created currency’s ecosystem. But some saw these 100,000 BTG as a large amount for that purpose.
Coinbase did not support the launch of BTG, saying that the currency’s developers hadn’t made the code available to the public for review. The exchange considered this a “major security risk” — and a sense of negativity spread out across the community towards BTG.
BTG then suffered a 51% attack and, despite the team reacting and implementing an update to its mining algorithm, the damage had already been done.
#ADA making a strong push the market conditions and also flipping the resistance area into support area. Lower positions are in 17% in profits and now with a close above candle, we can take buys on the retest of the flip area.
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What Are Physical Bitcoins?
The idea of creating various physical forms of Bitcoin (BTC) has been around ever since the cryptocurrency’s creation. Whilst Bitcoin is thoroughly a product of the digital age, there has nonetheless been interest in practices such as printing out private keys and safeguarding them in the form of physical items, or finding ways to make digital assets feel more like traditional fiat currencies through a physical token. Having something physical in hand appeals to many people and this approach has driven an entire subset of the crypto community to develop the concept of physical Bitcoin. Many are also interested in the item’s potential as a collectible object.
There are many different ways to transform a virtual currency into a physical object: most frequently, by making a coin that replicates the familiar experience of cash.
A physical Bitcoin essentially has three aspects. The creation of a physical coin, which, however, in itself implies no virtual value. Then there is the appealing design of the front side of the coin — yet again, this is done only for cosmetic reasons. The design can be a simple logo or a more elaborate design concept. The third and final aspect is the posterior side of the coin. Coins that have a blank side are known as blanks. In this case, this means that the coin is not loaded with any Bitcoin or Bitcoin addresses.
You might well be asking yourself, how can this physical item potentially be transformed into Bitcoin? Two further components are needed for this, similar to the principle behind paper wallets. The first is the provision of a public key, which is hidden from plain sight. It should, however, still be accessible to the holder when needed. The holder can read the public key on the backside, in different ways, depending on how the physical Bitcoin is designed and configured. This allows him or her to spend the Bitcoin that is stored on the physical coin.
The second component is the safekeeping of a private key, which is typically done using a tamper-proof hologram in order to ensure maximum security.
#ADA given a break below of the triangle to the downside and retested the major support zone. Price already strongly bounced from there and might gonna have a recovery. If you bought it then its good, else wait for the flip of $0.48/$0.50 Level.
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Here's the Analysis of #ENA :
#ENA recently got listed in #Binance and other Exchanges, so price is not enough to do so. Currently, its been retesting the support zone of $0.87 - $0.90. Also, price travelling inside the Falling Wedge Pattern, so a breakout is needed to take the potential buys, current buys will be high risk, so take it accordingly.
What Is Phone Phishing?
Phone phishing, also known as a telephone scam or vishing (voice phishing), refers to the practice of using fraudulent and malicious phone calls to extort money or sensitive information from victims. Phone phishing involves attackers impersonating trusted institutions or parties for personal gains.
Attackers would often call unsuspecting victims, offering them extended warranty on products, services, antivirus software, charity donations, or even free vacations. They then proceed to ask for victims’ credit card numbers and other financial information.
Hackers may rely on fear tactics and threats to force people into giving them money. They commonly prey on the most vulnerable types of people such as immigrants, threatening them with arrests, fines, or even deportation if they do not pay taxes or a solicited amount of money. Phone phishing scams may also involve ultimatums or urgent warning messages to intimidate victims into responding spontaneously.
In 2018, phone phishing schemes have accounted for more than $48 million in losses in the US alone. Unfortunately, the practice is still on the rise even today, which is why people must get informed on common phishing tactics to prevent falling prey to future attacks.
#TOTAL MARKETCAP ANALYSIS :
#TOTAL MARKETCAP turned bearish with the structure and we can all see the reaction in the market too. Index Kept on driving lower towards the support zone of $2.07T -$2.17T. Now, this support needs to hodl properly as if broken then can see some clean moves down towards the $BTC reaching $54,000 - $55,000. Just tighten the stops and wait for the movement.
What Is a Dust Transaction ?
Dust is a very small amount of cryptocurrency, usually worth less than one cent, that cannot be traded or sold on an exchange. This usually occurs when a user makes multiple transactions or trades, and the leftover amount is too small to be sold or exchanged.
More often than not, the value of dust in a dust transaction will be significantly lower than the actual fee for moving the tiny particles. In many cases, this is the reason why these fractions end up gathering across wallets and rarely see the light of day.
Occasionally, a significant number of separate dust transactions will be maliciously used in what is known as a dusting attack — a deliberate act of transferring almost unnoticeable amounts of cryptocurrency to random wallets in order to then track activity within the wallet and break down the anonymity of its owner.
However, dust transactions are not only used nefariously. There are some charitable organizations, such as Dust Aid, which allow users to sweep up pockets of dust from their wallets and donate them to good causes.
Crypto dust can be annoying, especially if you are trying to manage your crypto portfolio efficiently. Too much dust can cause a backlog of transactions and can prevent larger transactions from going through. However, it can also be a useful tool for diversifying your portfolio, as it allows you to buy small amounts of many different cryptocurrencies. Ultimately, it is up to the individual to decide if crypto dust is something they want to deal with.