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The crypto market is currently facing significant challenges, with Bitcoin, Ethereum, and XRP experiencing a downturn. Bitcoin's price has dropped over seven percent, nearing $85,395, following a turbulent start to the month. The market is under pressure from macro fears and the Yearn Finance hack incident, which has triggered panic among investors. Despite improving expectations for easier U.S. monetary policy, the market remains unstable, with Bitcoin, Ethereum, and XRP sliding alongside each other.
Investors are advised to stay informed with real-time data and trends to navigate the market effectively.
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On-chain data reveals a clear supply-control pattern behind this move.
Top Holders Are Silently Absorbing Circulating Supply.
The two largest clusters (purple + orange bubbles in the visual) now control: 108.787M $ESPORT ≈ $45.18M in value (Over 67% of the entire circulating supply)
Neither of these wallets has shown any meaningful distribution.
This level of accumulation + lack of selling pressure is exactly the structure that often precedes explosive upside moves.
📝 Similar Pattern to pippin:
The supply-lock and controlled price-push pattern is similar to what we saw with pippin before its vertical move — a small group of dominant holders tightening circulation and letting price drift upward with minimal resistance.
Tôi đã mở một vị thế long xổ số mong giống Pippin #ESPORTUSDT #PIPPINUSDT #Pippin
Key Support: 0.04732 USDT (24h low) Key Resistance: 0.06096 USDT (24h high) $LUNC Current Trend: Consolidation with bearish bias 📝 Technical Indicators Overview: 1. Volume Analysis: Recent 4h candles show declining volume during price drops (last candle volume: 2M vs average 5-10M), suggesting selling exhaustion.
2. Capital Flow: Significant net outflows across all timeframes (-5M USDT 4h, -5.06M 6h) confirm institutional selling pressure, though 3D/5D flows remain positive suggesting larger bullish context. $1000LUNC Trading Conclusion: Direction: Cautious short (bearish) 📍Entry short: Near current levels (0.0525-0.0530) or on pullback to 0.0540 resistance 🗑️ Stop Loss: 0.0547-0.0550 💰 Target: 0.0473 (first support at 24h low) {future}(1000LUNCUSDT) ⛔ Risk Note: Break above 0.05706 would invalidate bearish thesis. Current structure favors downside but requires precise entry timing due to oversold conditions. #LUNC #LUNCUSDT #1000LUNCUSDT
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