📊If Bitcoin reaches the $70,000 level, more than $6 billion in short positions could be wiped out. Breaking above this level could trigger a strong short squeeze effect, forcing short position holders to close their trades. This can add extra buying pressure to the market and accelerate the upward momentum.🎯
For this reason, $70,000 remains one of the most important resistance levels that investors and traders closely watch.
I share every development as it happens—I'd be very happy if you followed me in respect of my effort. 💚
‼️The Probability of a Fed Interest Rate Hike Rises to 46% in the Markets!
According to pricing in the interest rate markets, the probability of the US Federal Reserve raising interest rates has risen to 46%.
This expectation was influenced by statements from Fed official Neel Kashkari suggesting that gradual interest rate increases may continue as part of the fight against inflation.
As the price continues to rise, spot CVD is also rising along with it.
At the same time, open positions are generally remaining stable.
This suggests that the movement is being supported by aggressive spot buying rather than a significant accumulation of leveraged positions, making the current rally relatively healthy.
This is one of the most frequently asked questions lately.
Looking at historical cycles, the average time between a peak and a trough in Bitcoin is approximately one year. If this cycle progresses similarly, we may not be too far from the bottom.
On the other hand, each cycle is different from the previous one. The rate of decline is gradually decreasing, and therefore, while some see the $45,000-$55,000 range as a possible bottom, others believe the $50,000-$60,000 range will be maintained.
Technically, the price is still below the long-term downtrend. However, the selling momentum in the MACD is not as strong as it used to be; that is, the market is slowly searching for equilibrium.
In short, it's too early to say the bottom has already arrived,
and it's also too early to say that an even bigger crash is definitely coming.
What I will be following is not price prediction; it's when the trend will turn upwards. Because bull markets generally start not from the very bottom, but after the trend has changed.
- $EGLD mainnet upgrade will take place. - Locked assets of large investors in $SPCX will be unlocked.
Friday
- The US Senate will go on recess; the CLARITY Act is expected to be voted on before then. - US Non-Farm Payrolls - 15.30 (expected 88k, previous 57k) - US Unemployment Rate - 15.30 (expected 4.2, previous 4.2)
Projects to be unlocked 🔓
$PROVE ~233 million units and $39M (23.32% of total supply) Wednesday, August 5
$ENA
~172 million units and $15.3M (1.15% of total supply) Wednesday, August 5
$STABLE ~889 million units and $28.5M (0.89% of total supply) Saturday, August 8
The publicly traded UK-based company The Smarter Web Company has purchased 196.9 units of #Bitcoin for £15 million to add to its treasury reserves.
This company, which offers web design and digital services, adopts Bitcoin as a long-term store of value with a MicroStrategy-style strategy. Currently, they hold a total of 543 $BTC.
🚨From yesterday to today, the market is again bustling!
🚨Trump: “Interest rates should be at least 2-3 points lower, Powell cannot maintain this level for long.” This means that expectations for interest rate cuts are strengthening.
🚨With this statement • $BTC ETFs received 350M • $ETH ETFs received 100M $ . • BlackRock acquired an additional 2,113 BTC worth 222M $. • On the ETH side, there was an investment of 35,900 #Ethereum worth 86M $.
And most importantly 🚨A ceasefire has been declared! Trump confirmed: Iran and Israel have stopped the conflict. This is also positively reflecting on the market.
All eyes are on Powell's speech today. If a signal comes, we might see nice movements in the market before July.
No transaction tax will be collected from cryptocurrencies 🥳
Each year, one percent of all revenues of crypto platforms, excluding interest income from the previous year, will be paid to the CMB and one percent to the TÜBİTAK budget until the end of May of the relevant year and recorded as income.
The Bill on Amendments to the Capital Markets Law, which includes regulations regarding crypto assets, was accepted at the General Assembly of the Turkish Grand National Assembly and became law!
Türkiye is preparing a new law regarding cryptocurrencies in line with international standards!
Cryptocurrencies will be under the supervision of the Capital Markets Board (CMB) and transactions will be subject to tax.
I will explain all the details in the coming hours. I would be very happy if you like the article and follow me, as respect for the effort. 💚 @Last of Crypto
Two wallets, which received 500 pieces of #Bitcoin in 2013, when the price was $124, transferred all 1,000 Bitcoins worth $61 million today, after being inactive for about 11 years!
I share all the developments moment by moment. I would be very happy if you like the article and follow me as respect for the effort. 💚 @Last of Crypto
I share all the developments moment by moment. I would be very happy if you like the article and follow me as respect for the effort. 💚 @Last of Crypto
This week will be very active, #Bitcoin is very tight. Its explosion is very close 🔥
I will be sharing a lot of graphics this week, let's turn on notifications. I will pass all updates during the day.
I share all the developments moment by moment. I would be very happy if you like the article and follow me as respect for the effort. 💚 @Last of Crypto
#boğa Mistakes made in cryptocurrencies during the period!
buy single altcoin * It might be a problem * Can sink * May not rise Honestly get at least 8-10 #altcoin
Focusing on constantly rising altcoins. Generally, they fall when you buy them because they rise so much. You sell at a loss and follow the new rise again. Thus, the bull ends and you either lost the money or did not make any money.
In the cart: Bitcoin - Artificial intelligence - Meme coin - DEFI Metaverse - Game - Layer1- Layer2 etc. must be from all beings. These rise sequentially in the bull.
🔴 Using high leverage A maximum of 5 levers should be used. Leverage should not be used in highly volatile assets.
I share all the developments moment by moment. I would be very happy if you like the article and follow me as respect for the effort. 💚 @Last of Crypto
Donald Trump said he would make the biggest tax cuts for all US citizens if elected president.
I share all the developments moment by moment. I would be very happy if you like the article and follow me as respect for the effort. 💚 @Last of Crypto