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🚀 Bitcoin halving events always stir up excitement and curiosity among the crypto community! Changpeng Zhao (CZ) recently shared his thoughts on the dynamics and sentiments surrounding these milestones. 🧐 Before a halving, conversations about BTC's price prospects and potential market impact dominate platforms. Some investors worry about the uncertainty, while others anticipate potential bullish trends. 📈 A common misconception is that BTC's price will instantly double after a halving. But CZ's observations and historical data suggest otherwise. The real shift in price is observed in the following year, often resulting in multiple all-time highs. 📊 However, it's crucial to remember that history doesn't predict the future in the volatile world of cryptocurrencies. Past patterns don't guarantee identical outcomes. Bitcoin's price is influenced by a complex ecosystem of factors, including macroeconomic conditions, technology, regulations, and adoption rates. 🔍 As the next Bitcoin halving approaches in April 2024, the crypto community eagerly awaits to see if past patterns recur, leading Bitcoin to establish new all-time highs, as CZ predicts. 🤔💰

🚀 Bitcoin halving events always stir up excitement and curiosity among the crypto community! Changpeng Zhao (CZ) recently shared his thoughts on the dynamics and sentiments surrounding these milestones. 🧐

Before a halving, conversations about BTC's price prospects and potential market impact dominate platforms. Some investors worry about the uncertainty, while others anticipate potential bullish trends. 📈

A common misconception is that BTC's price will instantly double after a halving. But CZ's observations and historical data suggest otherwise. The real shift in price is observed in the following year, often resulting in multiple all-time highs. 📊

However, it's crucial to remember that history doesn't predict the future in the volatile world of cryptocurrencies. Past patterns don't guarantee identical outcomes. Bitcoin's price is influenced by a complex ecosystem of factors, including macroeconomic conditions, technology, regulations, and adoption rates. 🔍

As the next Bitcoin halving approaches in April 2024, the crypto community eagerly awaits to see if past patterns recur, leading Bitcoin to establish new all-time highs, as CZ predicts. 🤔💰

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🚀Hold on to your crypto hats, folks! Hong Kong's Bitcoin ETFs have hit their first bump in the road since their launch on April 30th. The China Asset Management Bitcoin ETF experienced its first daily BTC outflows on Monday, while other Hong Kong-based products remained steady. 📉 Despite this, the three Bitcoin ETFs launched in Hong Kong last week have already amassed a whopping $262 million in assets under management (AUM) within their first week. However, this figure is somewhat dwarfed when compared to the billions that flowed into U.S. spot Bitcoin ETFs back in January. 🤔 Meanwhile, the world's first Hong Kong spot Ethereum ETFs didn't make a huge splash, with a combined $54.2 million in AUM and total inflows of $9.3 million as of May 6th. 🌊 Despite these figures, Bitcoin experienced a weekend surge, now trading close to $64,000, up from below $57,000 last week. 🚀 Senior Bloomberg ETF analyst Eric Balchunas has advised investors not to expect substantial numbers in Hong Kong compared to the U.S. market. He explained that the $310 million AUM of the Hong Kong ETFs is equivalent to $50 billion in the U.S. market. Therefore, these ETFs are already as substantial in their local market as U.S. ones are in theirs. 🌐 However, the Hong Kong equities sector faces liquidity challenges due to slower economic growth in mainland China since 2022. In addition, these assets are currently inaccessible to mainland Chinese investors unless they also hold Hong Kong residency. This restriction could lead to lower transaction volumes for the ETFs than the United States. 🚧 So, while the road may be a bit bumpy, it seems the journey for Bitcoin and Ethereum ETFs in Hong Kong is just getting started! 🚀🌙
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🚀Hey BTC enthusiasts, buckle up! Despite the recent market rollercoaster, Bitcoin options are still flashing green, according to Kaiko data. 📊 Last week, Bitcoin took us on a wild ride, briefly dipping below the $57,000 mark before bouncing back over the weekend, thanks to easing concerns over Fed interest rates. 🎢 The price drop proved to be a boon for put options set to expire at the end of May. These options, which give holders the right to sell Bitcoin at a predetermined price, made up about 28% of the volume on Deribit for the May 31 expiry. 📉 But hold your horses! As Bitcoin's price galloped back above $64,000, these put options are no longer profitable. Call options in the $60,000 to $65,000 range are back in the money, baby! 💰 Despite the shift, call options continue to outnumber puts, signaling an overall bullish outlook among market participants. Looking ahead, Bitcoin options contracts set to expire on September 27 are dominated by call options, with a strike price of $65,000 emerging as the most popular choice. 🎯 This suggests that if Bitcoin maintains a price above $65,000 by the end of September, over $300 million worth of call options will be profitable. So, it looks like the market is betting on Bitcoin prices hovering around all-time highs by then. 🚀 Meanwhile, in the world of altcoins, meme coins are leading in leverage, with Pepe (PEPE) and Dogwifhat (WIF) boasting leverage ratios double that of other altcoins. 🐕 So, despite the market's ups and downs, it seems the bullish bias for Bitcoin is here to stay. Keep your eyes on the prize, BTC fans! 🏆
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📣 Hey there, BTC enthusiasts! 🎉 Let's take a quick detour and talk about Ethereum for a sec. It's been having a tough time breaking below the $3K mark, with selling pressure being met by demand, causing a bit of a standstill. 🤔 But watch out! If it breaches this pivotal point, we could see a ripple effect. 🌊 Ethereum's trajectory has turned bearish after a significant rejection near the $4K mark. However, it found a temporary respite upon hitting a substantial support region around the $3K mark. 📉 This area aligns closely with the 100-day moving average, indicating significant demand near this crucial threshold. Right now, Ethereum is in a sideways consolidation phase, with the price hovering around the $3K support region. This suggests potential accumulation, possibly setting the stage for a bullish resurgence. 🚀 But beware, an unexpected breach of this crucial support zone could trigger a cascade effect, with the next target at the $2.5K region. Analysis of the 4-hour chart reveals a descending wedge pattern due to Ethereum’s multi-month decline. Ethereum is currently seeing sideways movement near the lower boundary of this pattern, indicating heightened buying pressure. Despite this, it seems poised to continue its consolidation within the price range bounded by the $3.4K resistance region and the $3K support. Amidst Ethereum’s multi-month downtrend, investors are closely monitoring the behavior of traders in the futures market. The sudden drop below the critical $3K level resulted in the liquidation of a substantial number of long positions. However, the price has been hovering around the crucial $3K support region, potentially signaling an accumulation stage in the market. In conclusion, keep an eye on the $3K level. A sudden breach below this crucial mark could potentially trigger a cascade effect towards the $2.5K threshold. Stay tuned, folks! 📊👀
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