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💰 Polkadot Referendum 706 proposes to reduce inflation and fix the total supply of DOT at 2.1 billion. Polkadot Proposal 706 is currently being voted on, proposing to reduce inflation based on a new algorithm and targeting a fixed supply of 2.1 billion #DOT. As of now, there are more votes against the proposal. #cryptopm #cryptonews

💰 Polkadot Referendum 706 proposes to reduce inflation and fix the total supply of DOT at 2.1 billion.

Polkadot Proposal 706 is currently being voted on, proposing to reduce inflation based on a new algorithm and targeting a fixed supply of 2.1 billion #DOT. As of now, there are more votes against the proposal.

#cryptopm #cryptonews

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🎤 Insights from Top Analyst: Key Levels for Bitcoin's Next Move 🚀 📈 Market Pulse: Renowned analyst Willy Woo suggests a surge past $7,000 could trigger a domino effect in Bitcoin markets, potentially catapulting it to new zeniths. As of 11:05 AM on June 5, #Bitcoin has ticked up by 3.15% within a day, hitting a notable $71,124. This uptick aligns with a 4.8% weekly gain, as per CoinMarketCap’s insights. 🚧 Resistance Watch: Bitcoin currently grapples with formidable barriers at $71,500 and $72,000. CoinGlass forecasts that breaching the $72,000 mark could set off an $800 million short squeeze across trading platforms. 💥 Liquidation Looms: A push beyond $72,500 could spell trouble for bearish bets, with over $1.2 billion in shorts facing liquidation. Meanwhile, Bitcoin hovers just 3.4% shy of its $73,740 peak from March 14. 🔄 Post-Halving Dynamics: Crypto sage Rekt Capital notes the end of Bitcoin’s post-halving accumulation phase on May 6, with its ascent over $60,000. Since then, Bitcoin has leaped over 12.5%, signaling a clear exit from the so-called danger zone. 📊 Technical Breakout: In a recent analysis, Rekt Capital highlighted Bitcoin’s escape from a two-week downward trend on June 3, adding a note of caution: “Bitcoin shattered its fortnightly downtrend today. Yet, we’ve witnessed false dawns above this trendline previously. Hence, today’s daily candle close is pivotal to validate this breakout.” 🔑 The Key Level: #RektCapital emphasizes the importance of flipping $72,000 from resistance to support to truly kickstart Bitcoin’s “parabolic phase” in the ongoing bull cycle. Let’s keep an eye on these levels as the crypto giant strides towards its next milestone! 🚀 $BTC #Bitcoin #CryptoNews #WillyWoo
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