🚀 YOU WILL LOSE ALL YOUR INVESTMENT! 🚀 Unless You Understand The Psychology of the Crypto Market

Bitcoin hits $69k and the next halving is just 41 days away! 🌙

Experts predict a new bull run peaking in late 2025 - That is 12-18 months from the Halving in April 2024.💰

Ready to ride the wave? I hate to state this but many are still going to f>ck this up.🤷 For real.

Let's break down the psychological phases:

🚀 PHASE 1 - Accumulation 💰
During this phase, crypto Whales and OGs will have bought or be buying at discounted rates, new projects emerge, but skepticism lingers. To be clear, this was more like last year when $BTC was down to $15,000 and there was blood on the streets.

📈 PHASE 2 - Momentum 📈
Here, as we are currently witnessing, prices climb, excitement builds, HODLers rejoice, FOMO kicks in, and altcoins surge.😍👻💵

🚀 PHASE 3 - Euphoria/Excess 🚀
Greed takes over, prices soar daily, mainstream attention, bizarre market behavior, scams alert! For the Noobs, when ever the Bitcoin Fear and Greed Index makes a reading of 90, begin to manage your crypto position. Be SMART or you wont see👀 the crash coming.

⤵️ PHASE 4 - Massive Crash/Long Reeeeed candles😭😭 ⤵️
Here, you will witness a massive downtrend. Prices crash, panic selling, media negativity, Whales and new investors exit, veterans buy the dip. Noobies are left holding the 💰 for another two-three years -- the worst position to be in. DON'T DO THAT!

Tips for Success:
✅ Invest wisely and patiently.
✅ Dollar-cost average.
✅ Take profits on the way up.
✅ Diversify and avoid overexposure.
✅ Be cautious of hype and scams.
✅ Watch for market sentiment changes.
✅ Hedge positions strategically.
✅ Keep cash reserves for opportunities.

The coming months bring excitement, risks, and rewards. Navigate wisely, and you could be on your way to life-changing wealth in this crypto revolution! 🌐💸
#TrendingTopic
#BTC #ETH #sol #SHIB
>CryptoBullRun >Bitcoin <InvestWisely 🌟

Is Shiba Inu about to skyrocket by 600%? This analyst thinks so!

Shiba Inu, the "Dogecoin Killer," might be gearing up for a major price jump. Market expert Ashish has made a bold prediction: the meme coin could soar by a whopping 600%, potentially hitting $0.000075.

Why the optimism? Well, Ashish points to a recent breakout from what he calls a two-year-long snooze in a consolidation pattern. In December 2023, SHIB finally broke free, smashing through a crucial resistance line. This sparked a rally that saw a 370% surge, reaching its peak of $0.000045 in March 2024.

But then came a reality check. The price corrected, prompting Ashish to pinpoint strategic buying zones between $0.000022 and $0.000025.

SHIB's Flag Pattern
According to Ashish's analysis, there's a bullish flag pattern forming on the 1-hour chart. This pattern often signals a breather after a sharp price hike, hinting at another upward swing.

Despite a slight dip today, Shiba Inu still seems primed for growth. The daily RSI hovers around 48, suggesting the coin isn't overbought or oversold. This middle ground leaves room for upward movement, backing Ashish's prediction of another surge.

Price Predictions
What's in store for Shiba Inu? CoinCodex predicts a 220% rise, possibly hitting $0.00008089 by June 24, 2024. Currently, their technical indicators show a neutral stance, while the Fear & Greed Index signals extreme greed. In the last month, Shiba Inu has seen green on 40% of days, with a volatility of 4.40%.

These metrics highlight the coin's buzz in the market. Extreme greed indicates high enthusiasm among investors, though it also calls for caution due to potential mood swings.
Shiba Inu's moderate volatility and frequent green days suggest a steady climb, though it's still unpredictable. With 20 bullish indicators out of 28, the overall sentiment is cautiously optimistic, reflecting the rollercoaster nature of crypto.

In short, Shiba Inu is one to watch. Its potential for a massive rally, combined with market dynamics, makes it an intriguing asset for the foreseeable future.
#SHIB $SHIB

Big Names Score $2.6 Billion in Discounted Solana from FTX Auction: Any Impact on Solana's Price?

In a dramatic conclusion to weeks of auctions, bankrupt crypto exchange FTX has sold $2.6 billion worth of Solana tokens at a deep discount.

Figure Markets and Pantera Capital were among the key players snapping up these discounted assets. Figure Markets secured 800,000 Solana tokens for around $80 million, translating to just $102 per token, significantly below the market price of $168. Kyle Chasse, founder of Master Ventures, highlighted the significance of these deals for FTX’s liquidation process. “This marks a pivotal point in FTX’s asset liquidation,” Chassé remarked.

Pantera Capital also participated, although their purchase details remain undisclosed. Their ongoing interest in Solana, despite market volatility, underscores their strategic investment vision. Earlier, Pantera aimed to raise $250 million to buy Solana from FTX, reflecting their confidence in its future.

Interestingly, this sale did not trigger a massive sell-off. Solana is trading at $168.5, showing a minor 1.73% loss in the last 24 hours, according to BeInCrypto.

FTX’s Bankruptcy and Recovery
FTX’s downfall, linked to founder Sam Bankman-Fried’s financial mismanagement, has been a major crypto scandal. The exchange owes over $11 billion to more than two million customers and other creditors. Despite this, FTX has uncovered a surplus cash reserve of $16.3 billion, which bodes well for repaying creditors, including interest.

FTX’s proactive asset liquidation and the discovery of surplus cash are positive signs for its recovery. The exchange’s revised Chapter 11 plan, pending court approval, aims to ensure fair asset distribution among customers.
#buythedip #altcoins #ETHETFsApproved #SOL #EarnFreeCrypto2024 $SOL

Uniswap Foundation Reveals Assets and New Fee Proposal, UNI Token Soars 35% in a Week!

The Uniswap Foundation has announced an on-chain vote to establish a new fee mechanism by May 31. This news has driven the value of Uniswap's native token, UNI, up by more than 20%.

Details of the New Fee Mechanism
The proposal aims to implement autonomous fee collection and distribution within Uniswap V3 pools. If approved, the mainnet UniswapV3Factory ownership will transfer to a newly created entity, V3FactoryOwner. However, this vote won't activate the fees yet; that's planned for a future proposal.

In February, the Foundation introduced a fee reward mechanism to encourage governance participation among UNI token holders. Despite potential legal hurdles from the US Securities and Exchange Commission (SEC), initial reactions were overwhelmingly positive.

Traditionally, Uniswap's fees were distributed solely to liquidity providers (LPs). The new proposal intends to share protocol fees with staked and delegated UNI token holders, fostering more active engagement in the ecosystem.

Uniswap's Impressive Earnings
Uniswap is a major player in the decentralized finance (DeFi) sector, generating around $3.2 million in fees in the last 24 hours and averaging $3.4 million over the past week. It handles about 30% of all DeFi trades, making it one of the top fee generators in the crypto world.

Financial Disclosures and Grant Commitments
In another update, the Uniswap Foundation disclosed holding $41.41 million in fiat and stablecoins and 730,000 UNI tokens as of the end of Q1. During this period, the Foundation allocated $4.34 million in new grants and distributed $2.79 million in previously committed grants.

"The fiat cash and stablecoins will fund grant making and operations, while the UNI tokens are earmarked for employee awards," the Foundation stated.
#ETHETFsApproved #altcoins #buythedip $UNI

Breaking News: SEC Approves Spot Ether ETFs

In a major win for Altcoins, the U.S. Securities and Exchange Commission (SEC) has approved spot Ether exchange-traded funds (ETFs). This groundbreaking decision allows investors to trade Ether directly through these funds.

On 23 May, the SEC approved filings from top financial firms including VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise. These companies can now list and trade spot Ether ETFs on their exchanges. This approval comes amid ongoing discussions about whether Ether should be classified as a security.

While this is a huge step forward, there are still some hoops to jump through. The ETF issuers need the SEC to finalize their S-1 registration statements before the ETFs can start trading.

Experts say this process could take anywhere from days to months. The SEC urged companies to fast-track their filings on May 20, with many opting to remove staking from their proposals to meet regulatory requirements.

Interestingly, the SEC has yet to approve Hashdex’s spot Ether ETF. With a deadline of May 30, it remains to be seen if Hashdex will join the approved list.

Stay tuned for more updates as this story develops.
#ETHETFS #altcoins #buythedip #ETH #BTC $ETH

Climb or Crash? What The First Spot Ether ETF Approval Could Mean for the Markets!

Market optimism is high! The SEC's decision on the first spot Ether ETF is due today, 23 May, and it could be a game-changer. If approved, it would mark a significant shift in US crypto regulation, surprising many doubting Thomases.

Recent filing updates and amendments requested by the SEC from ETF applicants hint at a possible green light.🚀 Analysts Eric Balchunas and James Seyffart suggest the SEC might reverse its stance on an Ether ETF, despite the political complexities.

Crypto enthusiasts predict a price surge for ETH if the ETF gets the nod, driven by fresh investment from traditional markets. Sebastian Heine of Northstake sees this as bullish not just for Ethereum, but the entire crypto market. Solo Ceesay from Citi Bank notes that big money has yet to flow into ETH, suggesting massive potential.

However, some foresee a possible pullback. Basel Ismail of Blockcircle anticipates a short-lived dip, similar to reactions seen with Bitcoin ETFs. Peter M. Moricz and Nick Cowan echo this sentiment, predicting a "buy-the-rumor, sell-the-news" scenario with institutional investors capitalizing on retail FOMO.

Approval would signal a shift in SEC's approach to crypto, potentially ending its enforcement-first strategy. Jake Chervinsky highlights recent political wins for crypto, which might influence the SEC’s decision. Changes in political support, including Trump's pro-crypto stance, could also impact regulatory attitudes.

Post-approval, the market might see new opportunities. Cyril, a DeFi investor, worries about a lack of future catalysts, but Ismail believes the approval could spur innovation in layer 1s, layer 2s, and sidechains, leading to more speculative altcoins and potential new crypto ETFs.

The spot Ether ETF decision is highly anticipated and could reshape the crypto landscape. Whether it triggers a rally or a pullback, the approval would mark a significant moment in the evolution of crypto regulation and investment.
#ETHETFS #altcoins #ETH #buythedip #PEPE‏ $ETH

Ouch! Hong Kong Bans Worldcoin Over Privacy Concerns

Hong Kong regulators have ordered Worldcoin to cease its operations, citing major privacy violations.

The key points raised in the ban are:
- Privacy Violations: Hong Kong’s Privacy Commissioner for Personal Data (PCPD) claims Worldcoin collected excessive biometric data—iris and face scans—without proper consent or transparency.
- Immediate Action: Worldcoin must stop all operations in Hong Kong immediately. Citizens are urged to report any continued activity.
- Unnecessary Data Collection: Authorities state that verifying someone's humanity didn't require face or iris scans. Operators could verify participants without invasive data collection.
- Worldcoin's Defense: Worldcoin, launched in 2022 by Tools For Humanity and co-founded by OpenAI CEO Sam Altman, aims to combat bots by confirming users' identities with controversial iris scanners.
- Global Reach: The project claims over 10 million users in 160 countries, with 5 million verified through its Orbs.
- Security Concerns: The PCPD warns that any misuse of biometric data could have serious consequences.
- Open Source Move: In response to privacy concerns, Worldcoin recently open-sourced its technology on GitHub to promote transparency and trust.

In light of the ban, Worldcoin's WLD token has fallen 2% today.
#ETHETFS #PEPE‏ #altcoins #buythedip #BTC $WLD

What's Behind Uni's 25% Price Pump?🚀 Uniswap & Across Protocol Unveil New Token Standard for Smoother Cross-Chain Transactions!

Uniswap Labs and Across Protocol have just rolled out ERC-7683, a groundbreaking Ethereum token standard designed to streamline cross-chain transactions and boost interoperability. Let's dive into what makes this so exciting!

ERC-7683 is set to revolutionize how transactions happen between different blockchains. Here's how:
- Unified Network: Creates a common network connecting blockchains, eliminating compatibility issues.
- Cost Reduction: Lowers transaction costs, making it cheaper for everyone.
- Simplified Processes: Makes cross-chain interactions easier & more efficient.

Uniswap Labs is already leveraging ERC-7683 for cross-chain swaps on UniswapX. This move enhances trading across various automated market makers (AMMs) and liquidity sources.

Different blockchains currently handle transactions in unique ways, making asset transfers complex and pricey. ERC-7683 aims to standardize these processes, ensuring:
- Lower Fees: By reducing the need for unique systems per blockchain.
- Faster Transactions: Streamlining cross-chain interactions for quicker results.

Following the ERC-7683 announcement, Uniswap's native token, UNI, jumped by 25%, now trading at $9.64. Clearly, the market is excited about this new development!

⚙️ Technical Highlights
ERC-7683 features two major components:
- CrossChainOrder Structure: A flexible system for handling trades across blockchains.
- ISettlementContract Interface: Allows customization in transaction processing while maintaining a unified framework.

By launching ERC-7683, Uniswap Labs and Across Protocol tackle key challenges in cross-chain transactions, such as ensuring sufficient liquidity and user-friendliness. This standard promotes fair competition among transaction processors (fillers), leading to better fulfillment of user requests and more successful trades. This represents a significant leap forward, making blockchain technology smoother, cheaper, and more user-friendly.
#ETHETFS $UNI

Spot-Bitcoin ETFs Ignite Record-Breaking Trading Volumes During US Hours 📈

Bitcoin trading is going wild during US market hours, hitting record levels and making up a whopping 46% of this year’s total volume from January to April! 🤯

This boom is tied to the January launch of spot-Bitcoin exchange-traded funds (ETFs). 🇺🇸

Kaiko Research reveals that Bitcoin trading peaks at the start and end of US trading hours, aligning with the calculation of ETF net asset values at the close of US stock exchanges.

Thursdays are the busiest, with US hours capturing nearly 15% of the daily trading volume.

While US trading volumes are back to 2022 levels, Asian hours are lagging, highlighting the US's growing impact on Bitcoin trading dynamics.

Toby Winterflood, Chief Product Officer at CCData, notes that Bitcoin's performance during US hours shows less volatility compared to previous periods.

"ETFs have significantly influenced Bitcoin’s correlation with the S&P 500 and its potential de-correlation with other cryptos," Winterflood explains.

Spot-Bitcoin ETFs have attracted nearly $13 billion in net inflows since their launch, marking one of the most successful product debuts in industry history. Although inflows slowed to $1.3 billion in May, the pace is picking up again with $542.9 million added in just the past two days.

Bitcoin is currently hovering around the $70,000 mark. According to Hashkey, Bitcoin outperformed the S&P 500 fivefold from January to April 2024.

With a 53% share of the total crypto market cap, Bitcoin has delivered a 57% return year-to-date, compared to the S&P 500's 12.20% growth. Despite lower volatility, Bitcoin remains a standout, while other crypto assets show greater volatility and higher potential rewards.🔥
#ETHETFS #altcoins #buythedip #BTC #bitcoin $ETH

🚀Solana Soars: Is $330 Breakout Imminent?💰

Solana (SOL) is capturing investor attention with its price on the rise, heading toward uncharted heights. Analysts are forecasting a potential breakout that could push SOL to new all-time highs. Despite the enthusiasm, some experts remind investors of the volatile nature of the crypto market.

This past week has been stellar for this high market cap crypto, with its price surging nearly 20%, breaking past the key resistance level at $150, and finding support above it. This technical milestone signals a shift in investor sentiment and opens the door for further gains.

Crypto analyst Alex Clay predicts a price target of $329 per SOL, citing a strong weekly chart and recent consolidation as indicators of an imminent breakout.

The bullish outlook is driven by several factors. The breakout above resistance and the formation of an "inverse head and shoulders" pattern are positive signs. Additionally, Solana's strong fundamentals, including its fast transactions per second (TPS) and scalability, continue to draw investors.

While Solana's prospects look bright, some experts urge caution because the cryptocurrency market is highly volatile, and sudden changes can quickly alter the landscape. Despite the recent spike, the 24-hour growth remains modest, suggesting possible short-term fluctuations.

Solana's network performance is another major draw. With its daily average TPS hitting a record h|gh of 1,504 in April, Solana outpaces Ethereum by 46 times and is over five times fa5ter than Polygon. This speed boost underscores Solana's technological str8ngth and its ability to handle h|gh transaction volumes efficient|y.

Solana's capacity to maintain high speeds during peak demand, like the recent memecoin craze, showcases its robustness and scalability. This advantage not only improves user experience by reducing delays and transaction costs but also solidifies Solana's position as a top competitor in the blockchain world.
#ETHETFS #altcoins #buythedip #BTC #bitcoin $SOL

🤑Analysts Now See 75% Chance of Spot Ethereum ETF Approval as SEC Hints at Shift: Is the the Bullish Catalyst for a MAssive AltSeason?🚀

Analysts have significantly raised the odds of a spot Ethereum ETF approval, boosting hopes for regulatory green light from the US Securities and Exchange Commission (SEC).

Bloomberg Intelligence analysts Eric Balchunas and James Seyffart have upped their approval odds for a spot Ethereum ETF from 25% to 75%. This newfound optimism is driven by recent SEC actions.

The SEC has asked asset managers to update their 19b-4 filings, a crucial step for listing spot Ethereum ETFs, ahead of this week’s deadline. This move has ignited industry excitement and speculation about imminent approval.

ETF Store’s Nate Geraci predicts the SEC will approve the 19b-4 filings and take a measured approach to S-1 registrations, which detail the new securities' structure and strategy. Both forms need approval for ETFs to launch.

However, Seyffart cautions that while the 19b-4 approval could come by the May 23 deadline, it may take weeks or months for S-1 approvals, delaying a live Ethereum ETF.

This renewed optimism is notable as Balchunas and Seyffart had been lowering their approval odds in recent months, echoing industry skepticism from figures like VanEck CEO Jan van Eck.

Following the news, Ethereum’s price surged nearly 20%, trading at $3,676. Other Ethereum-linked altcoins, like Polygon (MATIC) and Optimism (OP), also saw significant gains of 9.4% and 19.7%, respectively.

This boost in approval odds has sparked widespread market enthusiasm, with stakeholders eagerly awaiting the SEC's next move.
#ETHETFS #altcoins #buythedip #BTC #bitcoin $ETH

Dumb money FOMO-ers Getting Rekt! Are Venture Capital Firms Using B|nance Token Listings for Exit Liquidity?💼🔄

Probably saying what you already knew, but FOMO-ing into new crypto listings are likely to get you rekt! Don't get me wrong; I ❤️ B|nance with all my heart, but the stats aren't looking pretty.

🚨Shocking Stats: Over 80% of tokens listed on B|nance, the world's biggest crypto exchange, have dropped in value in the last six months.

Whata gwan?🧐 Crypto researcher Flow reveals that many new tokens on B|nance are heavily backed by top venture capital firms and come with sky-high valuations.

VC B|nance Listings Now Exit Strategy💸
Flow's research highlights a stark trend: only 5 out of 31 new tokens on B|nance have seen price increases since their launch. These rare success stories include meme coins like ORDI, JUP, WIF, JTO, and MEME. Here's how they fared:
- ORDI: 🚀 +262%
- JTO: 📈 +62%
- JUP: 📊 +58%
- WIF: 🌟 +117%
- MEME: 💹 +8.5%

📉The Downside:
Tokens backed by major VCs have tanked. Check out these numbers:
- NFP (B|nance Labs): 🔻 -63%
- OMNI (Pantera Capital): 📉 -52%
- AEVO (Coinbase, Paradigm, Dragonfly): ⬇️ -68%

Portfolio Pain📉
Flow notes that if you invested equally in each new B|nance listing, you'd be down over 18% in six months.

High Valuations, Low Returns 🏦❌
Many of these projects start with fully diluted valuations (FDVs) over $4.2 billion, sometimes hitting $11 billion, without real users or a strong community.

Contrasting Views🔄
This contrasts sharply with last year's analysis by Ren & Heinrich, which showed a 73% price increase in the first 30 days of B|nance listings. Back then, B|nance's dominance in the crypto market boosted token attention and value.

Expert Take📢
Market experts believe B|nance's liquidity and dominance make it a prime exit route for insiders. Flow sums it up:
“Tokens launching on Binance aren't investment vehicles anymore. They represent exit liquidity for insiders, capitalizing on retail investors who miss out on early investment opportunities.” DYOR Don't lose your money
#altcoins #BTC #bitcoin

📈BULL or BEAR? Watchout for These 3 Token Unlocks This Week📅

Token unlocks release previously restricted tokens, carefully scheduled to avoid market pressure and prevent price drops. However, factors like low liquidity or early profit-taking can significantly affect token prices. Here are 3 major token unlocks to watch this week! 👀

🔮 Pyth Network (PYTH)
Unlock Date: May 20
Tokens Unlocked: 2.13 billion PYTH
Current Circulating Supply: 1.5 billion PYTH

Pyth Network is a decentralized oracle providing real-time financial market data for blockchain applications. With a max supply of 10 billion, Pyth will unlock 2.13 billion tokens on May 20, surpassing the current circulating supply. Around 800 million will go to private sale participants and publishers, while the rest supports protocol development and ecosystem growth. 💬Pyth unlock worth $910M is on 20th May. 141.67% of current supply is being unlocked.

❄️ Avalanche (AVAX)
Unlock Date: May 22
Tokens Unlocked: 9.54 million AVAX
Current Circulating Supply: 382.77 million AVAX

Avalanche is a high-performance blockchain platform for creating and deploying dApps and custom blockchain networks. On May 22, over 9 million AVAX tokens will be unlocked and distributed among strategic partners, the Avalanche Foundation, the team, and airdrop participants.

🌌 Space ID (ID)
Unlock Date: May 22
Tokens Unlocked: 18.49 million ID
Current Circulating Supply: 430.5 million ID

Space ID is a decentralized identity protocol that helps users manage their online identities across multiple blockchain platforms. On May 22, 18 million ID tokens will be added to the circulating supply, mainly going to the Space ID Foundation, the ecosystem fund, and airdrop participants.

🔑 Insights
While token unlocks can be bearish, a well-planned schedule aligned with project milestones can boost long-term viability. These unlocks motivate team members, engage the community, and promote ecosystem growth. Keep an eye on these dates for potential market moves! 📅📈
#altcoins #buythedip #bitcoin #BTC #PYTH $PYTH $AVAX $ID

This $142 Million Whales' Move Could Soon Ignite Demand Surge for Tron (TRX)!🚀

Tron (TRX) has been on a three-week winning streak, signaling a potential breakout above a crucial price level.

Consistent accumulation by large investors, or "whales," is driving up TRX's price. These whales, holding between $100,000 and $10 million in TRX, have added over $160 million worth of TRX to their wallets in the past month. This brings their total holdings to near yearly highs.

Investors are closely watching for a bullish signal that could spike demand. The Global In/Out of the Money (GIOM) indicator shows about 1.14 billion TRX, worth over $142 million, are on the brink of profitability. This supply, purchased between $0.123 and $0.127, could drive demand once it turns profitable, pushing TRX prices even higher.

Currently trading at $0.125, TRX is approaching the key resistance level of $0.127. Breaking through this resistance could propel TRX towards $0.130, and turning $0.130 into a support level could set the stage for a run to its all-time high of $0.144.

However, if TRX falls below its month-long uptrend line, it could dip to $0.121. Breaching this support would invalidate the bullish outlook, potentially sending TRX down to $0.116.
#altcoins #buythedip #MemeWatch2024 #ETHETFS #CMEBitcoinSpotTrading $TRX

Are Altcoins Now High Risk, Lower Rewards? These Market Analysts Think So

Are the good ol' days of the AltSeason long gone? Once a goldmine for massive returns, altcoins now present a significant risk as the days of explosive gains seem to be over, according to crypto analysts. While there are still some tactical opportunities, the era of 100x returns might be behind us.

Despite hopes for an altcoin bull market this year, retail participation is low and few new projects are capturing the interest of non-crypto traders.

Past altcoin bull markets were fueled by strong narratives that drew substantial investment. This cycle, it seems that we’re seeing tighter capital conditions, low total value locked, and fewer venture capital investments.

The narrative strength that once promised crypto could replace traditional finance has weakened, with current stories lacking longevity and impact.

Recently, the Solana-based memecoin GameStop (GME) saw a 2,727% surge, triggered by a meme posted by Keith Gill, aka “Roaring Kitty.” However, this kind of spike is becoming rare.
Michael van de Poppe, founder of MN trading consultancy, warned of the risks. In a May 16 X post, he highlighted that his altcoin-heavy portfolio is already down about 20% in just a week or two, and he’s prepared to lose up to 80%.

Despite the risks, van de Poppe sold all his Bitcoin to move into altcoins. However, investor Fabio Andreatta responded skeptically, suggesting that van de Poppe’s move merely increased his risk. “You are very unlikely to outperform Bitcoin. Most altcoins will never reach their all-time highs again,” Andreatta cautioned.

Bitcoin’s market dominance has risen, nearing a year-to-date high of 56.05%, indicating a shift of capital away from altcoins.

As such, it is always best to do your own research before jumping into the market as trading and investing in crypto carries significant risks.
#altcoins #buythedip #ETHETFS #CMEBitcoinSpotTrading #MarketSentimentToday $ETH $BNB $SOL

Willy Woo Says Bitcoin Could Surge Further Before Hitting a Peak Based on Readings from this VWAP Oscillator

Renowned crypto analyst, Willy Woo, recently explained on X the Volume-Weighted Average Price (VWAP) Oscillator for Bitcoin, hinting at significant upside potential. The VWAP is a crucial indicator that calculates an asset's average price based on both price fluctuations and trading volume, giving more weight to prices with higher trading activity.

Woo's focus, however, is on the VWAP Oscillator, which tracks the ratio between Bitcoin's spot price and its VWAP, oscillating around zero. This metric has been in negative territory for the past few months but is showing signs of upward movement. Historically, when this oscillator rebounds from a negative bottom, Bitcoin tends to experience bullish momentum.

The chart below illustrates the VWAP Oscillator's trend over the past two years. As seen in the graph, the oscillator is approaching the neutral mark after a period of negativity. If this trend continues, Bitcoin could see further price increases. Woo notes that previous rebounds from negative territory have led to significant price surges, usually lasting until the oscillator peaks in positive territory.

"Still a lot of room to run before reversal or consolidation," Woo states, suggesting that Bitcoin bears might be in a tough spot.

Retail Investors Piling In
Adding to the bullish sentiment, CryptoQuant's Axel Adler Jr. reported that retail investors have purchased $135.7 million worth of Bitcoin over the past month. This influx of new investors could further fuel the rally. Currently, Bitcoin is trading around $65,000, marking a 5% increase over the last week.
#CMEBitcoinSpotTrading #BTC #bitcoin #buythedip #BinanceLaunchpool $BTC

✨Lower US Inflation Propels BTC to $66K:🚀 Can the CPI sustain the crypto market rally or is it just a deadcat bounce?🤷

Bitcoin has surged to $66,000 following the release of US consumer price data on May 15, sparking a wave of excitement across the crypto market. The core consumer price index (CPI), a key measure of underlying US inflation, rose by just 0.3% from March to April, marking its slowest increase in six months.

This slowdown in inflation has raised hopes for potential interest rate cuts, fueling optimism among investors.

Despite the positive inflation news, Fed Reserve Chair Jerome Powell emphasized the need for more data before considering any rate cuts, urging patience as current policies take effect. Some policymakers even doubt rate cuts will happen this year.

However, the crypto market reacted swiftly. BTC's price shot up from $62,000 to $66,000, a 7% jump in just 24 hours. Major altcoins followed suit, with ETH climbing 4.4% and Sol soaring 12.3%. Overall, the total cryptocurrency market capitalization grew by 6.7%, reaching $2.5 trillion, CoinGecko reveals.

Beyond easing inflation, other factors at play in BTC's recent surge include lower selling pressure from short-term holders and traders.

For this rally to continue, demand needs to accelerate. While there are signs of increased demand from long-term holders and large investors, it needs to pick up pace. Additionally, spot Bitcoin ETF purchases remain low, and stablecoin liquidity growth has yet to improve.

Moreover, Bitcoin’s current price is still undervalued from a miner's profitability perspective. The recent Bitcoin halving event in late April 2024 halved miners' rewards, putting financial pressure on them. Historically, low miner profitability often signals price bottoms, suggesting potential for future growth.🥺

Despite the challenges, analysts remain bullish on BTC’s long-term prospects. As the crypto market evolves, macroeconomic conditions, regulatory developments, and political factors will play critical roles in shaping its future.
#MarketSentimentToday #ETFvsBTC $BTC

🔥Core CPI Figures to Make Crypto Go Up: Bitcoin Price Set to Surge if These CPI Projections Hold True🚀

Today's US Consumer Price Index (CPI) data, set for release at 8:30 am ET, could significantly impact Bitcoin prices. Bitcoin has recently shown a strong reaction to macroeconomic news, making this report a key event for crypto investors.

The CPI measures inflation by tracking changes in prices of consumer goods and services. After three months of higher-than-expected inflation, analysts now expect a slight slowdown for April. This could influence monetary policy and financial markets.

CPI Expectations
- Year-on-Year Increase: Expected to be 3.4%, down from March's 3.5%.
- Month-to-Month Increase: Projected at 0.3%, a decrease from the previous 0.4%.
- Core CPI (excluding food and energy): Expected to drop from 3.8% to 3.6% year-on-year, with a monthly increase slowing to 0.3% from 0.4%.

Economists at Goldman Sachs predict core CPI will continue to decline, stabilizing around 3.5% year-on-year by the end of 2024, with core Personal Consumption Expenditures (PCE) inflation expected at 2.7% by December 2024.

The CPI data typically has a significant impact on market dynamics, often more so than the Producer Price Index (PPI). With PPI data released today, market reactions to both reports will be closely watched.

Crypto analyst Ted (@tedtalksmacro) warns of potential market volatility, noting that PPI often leads CPI numbers, which could trigger a stronger market response if expectations are missed.

BTC's Reaction?
BTC and the crypto market have been highly sensitive to inflation figures and Federal Reserve policies. Analyst Ted suggests that a slowdown in inflation could boost Bitcoin prices, stating, "This is the first time in a while we are likely to see inflation data slow. That'll be good for risk assets like Bitcoin if true."

Softer inflation data could lead to more favorable monetary policies for Bitcoin and could set the stage for the next big move in Bitcoin.
#BTC #bitcoin #CPI #altcoins #Memecoins $BTC

Investors Scoop Up 70,000 BTC Before Key US Inflation Report

Ahead of the US inflation report, investors have snapped up 70,000 Bitcoin, betting on its strength as a hedge against economic uncertainty.

This surge in BTC buying comes on the heels of a massive 1 million BTC sell-off at the end of 2023, marking a renewed confidence among long-term holders. The move highlights a strategic shift towards cryptocurrency amidst fears of rising inflation and the diminishing value of fiat currencies.

On-chain data from Glassnode indicates a deliberate and strategic accumulation of Bitcoin, reflecting investor faith in its stability, especially as it holds above $60,000.

The US Consumer Price Index (CPI) climbed 0.4% in March, hitting 3.5% over the past year—well above the 0.8% inflation rate a decade ago. With the Federal Reserve unlikely to cut rates, the May 15 inflation report has investors bracing for more economic volatility.

Neil Bergquist, CEO of Coinme, underscores Bitcoin’s fixed supply of 21 million BTC as a major draw. “Bitcoin’s supply is hard-coded and immutable, making it an inflation-resistant asset unlike fiat currencies,” he explains.

Core inflation, excluding volatile food and gas prices, remains high due to rising shelter and service costs. According to Bank of America, higher energy prices are expected to push the headline CPI even higher.

Bergquist highlights the advantages of Bitcoin in an inflationary environment. “Holding dollars during rising inflation reduces your purchasing power, whereas storing value in Bitcoin can protect it,” he concludes.

As inflation worries persist, Bitcoin is poised to solidify its role as a decentralized financial hedge, offering a reliable alternative to traditional currencies.
#ETFvsBTC #buythedip #BinanceLaunchpool #bitcoin #altcoins $BTC $