Activity Period: 2023-11-27 00:00 to 2023-12-24 23:59 (UTC)
Join the Futures Grand Tournament and compete for 2 Million USDT in prizes! Share your tournament insights on Binance Square and get a chance to win from an EXCLUSIVE 5,000 USDT prize pool.
How to Win?
Simply create an original content piece related to your tournament experience or insights on Binance Square during the Campaign Period, and mention “#BinanceTournament ".Make sure each of your posts/articles receives at least three interactions (likes, comments, or shares).
Remember, share your posts to draw more interactions from your friends and other Binance Square community members. The more interactions you gather, the higher your chances of winning!

Promotion A: Community Engagement Pool (3,000 USDT in token voucher)
All users who create an eligible content piece during the Activity Period will qualify for an equal share of the 3,000 USDT rewards pool.

Promotion B: Top Contents Pool (2,000 USDT in token voucher)
The top 10 posts with the #BinanceTournament hashtag having the highest 'like👍' reactions (other emojis reactions will not be counted) will be rewarded as follows:

Terms & Conditions
This activity may not be available in your region. Only #BinanceTournament related content pieces (including posts and articles) that include the #BinanceTournament hashtag and receive at least 3 engagements (i.e., the total number of emojis, comments, or shares) during the Activity Period, will qualify as eligible content pieces. Any cases of hashtag abuse will lead to exclusion from the campaign.Only original, new content qualifies. Previous submissions are ineligible.You can create multiple content and potentially win in both promotions. However, each user is only entitled to 1 reward in promotion B.
Winners will be notified via a push notification under Creator Center > [Square Assistant](https://www.binance.com/en/feed/secretary) within 15 working days after the activity ends. The USDT token voucher rewards will be distributed within 15 working days after the activity ends. Users may check their rewards via Profile > [Rewards Hub](https://www.binance.com/en/rewards-hub). The validity period for the token voucher is set at seven days from the day of distribution. [Learn how to redeem a voucher](https://www.binance.com/en/support/faq/what-are-binance-vouchers-and-how-to-redeem-acb5e3f3e3024506b8f4cedefe334d0e).Binance reserves the right to disqualify any account acting against the [Binance Square Community Guidelines](https://www.binance.com/en/support/faq/binance-feed-community-management-guidelines-ecb50ef2012f40b2a2c4f72eaa5b569f) or [Terms and Conditions](https://www.binance.com/en/support/faq/binance-feed-community-platform-terms-and-conditions-5dfcea5fbc0d4c4c9c90c2597f3da358).Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments. Binance reserves the right of final interpretation of this activity.This Campaign and the Futures Grand Tournament is only available to users who are eligible for Binance Futures trading and may not be available or may be restricted in certain jurisdictions or regions or to certain users, depending on legal and regulatory requirements. 

Binance Futures is launching a new Futures Grand Tournament! All eligible regular and VIP 1-6 users may participate and grab a share of up to 2,000,000 USDT in token voucher rewards and more exclusive rewards.
Join the Promotion Now!
Promotion Period: 2023-11-27 00:00 (UTC) to 2023-12-24 23:59 (UTC)
The Tournament comprises the following activities:
Early Bird Challenge: Complete tasks to earn stars and claim rewards from a 35,000 USDT rewards pool.Team Competition: Compete as a team for best Profit and Loss (PnL) performance to share up to 1,250,000 USDT.Copy Trading Competition: Become a Lead Trader or predict the top Lead Trader of the week to share up to 350,000 USDT.Battle of the Bots: Create a Futures Grid Trading Bot and climb up the Return on Investment (ROI) leaderboard to share up to 200,000 USDT. Welcome Rewards: New futures users to share up to 200,000 USDT and 1 BNB.
Duration of the Tournament:
Early Bird Challenge Period: 2023-11-27 00:00 (UTC) to 2023-12-03 23:59 (UTC)Trading Competition Period (i.e., Team Competition, Copy Trading Competition, Battle of the Bots): 2023-12-04 00:00 (UTC) to 2023-12-24 23:59 (UTC)Welcome Rewards Period: 2023-11-27 00:00 (UTC) to 2023-12-24 23:59 (UTC)
How to Participate:
Step 1: Login to your Binance Futures account. If you don’t have a Binance Futures account yet, please sign up here.Step 2: Register for the Tournament on the promotion page.
Dynamic Prize Pool (in USDT Token Vouchers):
The Tournament features a dynamic rewards pool of up to 2,000,000 USDT token vouchers across trading competitions and welcome rewards. The final prize will be determined by the total number of eligible participants*.
* An eligible participant refers to a user who has registered for the Futures Grand Tournament and has a total futures trading volume of at least 500 USDT equivalent in 2023.
No. of Eligible ParticipantsTeam Competition Prize Pool (in USDT Token Vouchers)Copy Trading Competition Prize Pool (in USDT Token Vouchers)Battle of the Bots Prize Pool (in USDT Token Vouchers)Welcome Rewards Prize Pool (in USDT Token Vouchers)Min. 1,0008,0002,0001,0001,000Min. 3,00040,00010,0005,0005,000Min. 5,00080,00020,00010,00010,000Min. 10,000120,00030,00015,00015,000Min. 25,000160,00040,00020,00020,000Min. 50,000200,00050,00025,00025,000Min. 100,000240,00060,00030,00030,000Min. 150,000320,00080,00040,00040,000Min. 200,000400,000100,00050,00050,000Min. 250,000600,000150,00075,00075,000Min. 500,0001,250,000350,000200,000200,000Maximum Prize Pool(in USDT Token Vouchers)2,000,000
Activity A: Early Bird Challenge - Complete Tasks to Share 35,000 USDT!
Early Bird Challenge Period: 2023-11-27 00:00 (UTC) to 2023-12-03 23:59 (UTC)
The Futures Grand Tournament comprises an Early Bird Challenge, where both new and existing users can confirm their participation and collect stars by completing tasks listed in the table below. Users can then claim exclusive rewards from a 35,000 USDT futures bonus voucher prize pool, on a first-come, first-served basis!
Reward Categories for the Early Bird ChallengeEarn a 1 USDT futures bonus voucher by collecting 5 stars.Earn a 5 USDT futures bonus voucher by collecting 20 stars. Earn a 10 USDT futures bonus voucher by collecting 30 stars.Newbie Tasks (One-Off)
TasksStarsOpen a Futures account for the first time2Fund the Futures Wallet for the first time3Trade Futures for the first time (Total trading volume during the Early Bird Challenge Period ≥ 100 USDT equivalent)6Complete a copy trade for the first time (Total initial copy amount during the Early Bird Challenge Period ≥ 100 USDT equivalent)3
Regular Tasks (Daily)
TasksStarsAchieve a daily futures trading volume of at least 1,000 USDT equivalent2Achieve a daily futures trading volume of at least 5,000 USDT equivalent3Refer three friends to join the Tournament2Refer ten friends to join the Tournament3Create a Futures Grid Trading Bot, and ensure that the Trading Bot generates a daily trading volume of over 0 USDT equivalent and a runtime of at least ten hours6Achieve a daily copy trading volume of at least 100 USDT equivalent6
Please note:
A user is entitled to claim a maximum of one reward from each of the three reward categories, i.e., a maximum of 16 USDT futures bonus voucher from the Early Bird Challenge. 
The voucher rewards for the Early Bird Challenge must be claimed here before 2023-12-04 23:59 (UTC). 
All claimed vouchers will be distributed to eligible users at 2023-12-05 00:00 (UTC). Users will be able to redeem their voucher rewards via Profile > Rewards Hub.
Activity B: Team Competition - Ｍove Up the Leaderboard as a Team & Share Up to 1,250,000 USDT!
Trading Competition Period: 2023-12-04 00:00 (UTC) to 2023-12-24 23:59 (UTC)
Create a team as the Team Leader or join a team after registering for the Tournament, and trade any COIN-M or USDⓈ-M contracts on Binance Futures during the Trading Competition Period to enter the team leaderboard. All participating teams will be ranked based on the sum of Team Daily PnL during the Trading Competition Period. The top 20 teams will share the prize pool that goes up to 1,250,000 USDT in token vouchers!
Please note:
Users may create a team for this Team Competition by submitting a Team Leader application via the promotion page, starting from 2023-11-27 00:00 (UTC). Each application may take several days to process, and Team Leaders can proceed to recruit team members once their application is approved. Team Daily PnL is calculated by adding up the daily PnL of the team’s top ten eligible members who obtain the highest daily PnL on Binance Futures. Team members who reach a daily futures trading volume of at least 20,000 USDT equivalent are considered eligible. If a team has less than ten team members who reach a daily futures trading volume of at least 20,000 USDT equivalent each, the daily PnL of all team members will be counted.If more than one team has the same sum of Team Daily PnL during the Trading Competition Period, the team with a higher total futures trading volume during the Trading Competition Period will receive a higher ranking.If more than one team member has the same PnL during the Trading Competition Period, the user with the higher total futures trading volume during the Trading Competition Period will be considered as a greater profit contributor.
The Team Competition Prize Pool will be distributed as follows:
Team Rewards:
Team Rankings Based on Sum of Team Daily PnLTeam Rewards1st Place20% of Team Competition Prize Pool unlocked2nd Place15% of Team Competition Prize Pool unlocked3rd Place10% of Team Competition Prize Pool unlocked4th - 10th PlacesAn equal split of 35% of Team Competition Prize Pool unlocked11th - 20th PlacesAn equal split of 20% of Team Competition Prize Pool unlocked
Rewards Distribution Within Each Team:
RoleReward Distribution Within Each TeamTeam Leader30% of Team RewardTop Ten Profit Contributors An equal split of 40% of Team RewardAll Remaining Eligible Team Members (i.e., each with a total futures trading volume of at least 10,000 USDT equivalent, and a profit of over zero during the Trading Competition Period)An equal split of 30% of Team Reward
Activity C: Copy Trading Competition - Become a Lead Trader or Predict the Top Lead Trader of the Week to Share Up to 350,000 USDT!
Trading Competition Period: 2023-12-04 00:00 (UTC) to 2023-12-24 23:59 (UTC)
Register for the Tournament now, and create Copy Trading portfolios as a Lead Trader to participate! For each week of the Trading Competition Period, participating Lead Traders will be ranked based on their personal weekly PnL, and the top ten Lead Traders of the week will qualify to share 70% of a weekly prize pool, as per the table below.
The remaining 30% of the weekly prize pool will be shared proportionally by users who vote and accurately predict the top 1 Lead Trader of the week, based on the number of votes each participant has casted. All eligible users who achieve a daily trading volume of at least 1,000 USDT equivalent on Futures or Copy Trading will earn daily voting eligibility.
The total prize pool across the three weeks goes up to 350,000 USDT in token vouchers.
Weekly Prizes for Top Ten Lead Traders
Lead Trader Rankings Based on Personal Weekly PnL*Rewards1st Place25% of the Weekly Prize Pool unlocked2nd Place15% of the Weekly Prize Pool unlocked3rd Place10% of the Weekly Prize Pool unlocked4th Place6% of the Weekly Prize Pool unlocked5th Place4% of the Weekly Prize Pool unlocked6th - 10th PlacesAn equal split of 10% of the Weekly Prize Pool unlocked
* Lead traders will be ranked by their personal weekly PnL. If two or more Lead Traders have obtained the same PnL, they will be further ranked by their weekly total futures trading volume.
Please note:
Voting eligibility will be distributed to users within 10 minutes after fulfilling the requirements mentioned above. Voting eligibility is reset daily, so users should cast their votes on the same day. Lead Traders’ PnL will be reset every Sunday at 23:59 (UTC). Weekly Prize Pool = One third of the unlocked Copy Trading Competition Prize Pool
Activity D: Battle of the Bots - Create a Futures Grid Trading Bot and Climb Up the ROI Leaderboard to Share Up to 200,000 USDT
Trading Competition Period: 2023-12-04 00:00 (UTC) to 2023-12-24 23:59 (UTC)
All users who confirm their participation and create a qualified Futures Grid Trading Bot during the Trading Competition Period will be ranked by the ROI of the Futures Grid Trading Bot during the Trading Competition Period. Users whose bots rank top 20 will then qualify to share a prize pool that goes up to 200,000 USDT in token vouchers.
The Futures Grid Trading Bot should meet the following requirements to qualify for Activity D:
Initial margin of the Futures Grid Trading Bot ≥ 100 USDT equivalentTrading volume generated by the Futures Grid Trading Bot > 0 USDT equivalent
Rewards for Battle of the Bots :
Futures Grid Trading Bot Ranking by ROI During the Trading Competition Period* Rewards for the Corresponding Users**1st Place25% of the Battle of the Bots Prize Pool unlocked2nd Place15% of the Battle of the Bots Prize Pool unlocked3rd Place10% of the Battle of the Bots Prize Pool unlocked4th - 20th PlacesAn equal split of 50% of the Battle of the Bots Prize Pool unlocked
* If two or more Futures Grid Trading Bots have obtained the same ROI during the Trading Competition Period, they will be further ranked by creation time. The Futures Grid Trading Bot created earlier will obtain a higher ranking in Activity D.
** A user may qualify for multiple rewards in Activity D if they have multiple Futures Grid Trading Bots ranking top 20.
Activity E: Welcome Rewards - Trade Futures for the First Time to Share Up to 200,000 USDT and 1 BNB!
Welcome Rewards Period: 2023-11-27 00:00 (UTC) to 2023-12-24 23:59 (UTC)
New futures users who confirm their participation and trade futures for the first time during the Welcome Rewards Period, will be eligible to equally share the Welcome Rewards Prize Pool of up to 200,000 USDT in token vouchers.
On top of that, one winner will be selected among all eligible users based on the Award Selection Rules to receive 1 BNB in token voucher.
Terms and Conditions:
All promotions are only available to users who are eligible for Binance Futures trading and may not be available or may be restricted in certain jurisdictions or regions or to certain users, depending on legal and regulatory requirements. Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance Futures trading services in each country/region from which the services are accessed. Binance reserves the right to change, modify or impose additional restrictions with respect to the access to and use of the Binance Futures trading services from time to time in its sole discretion at any time without notification.The Futures Grand Tournament is open to regular and VIP 1-6 users only. Eligible users must have their account verified​ and register for the Tournament to qualify for any rewards. Binance has the sole discretion to determine the user's eligibility. Register here if you do not have a Binance account yet.Rewards are not mutually exclusive. Users may win multiple rewards as long as they meet the relevant terms and conditions.Rewards Distribution:All claimed vouchers for Activity A will be distributed to eligible users at 2023-12-05 00:00 (UTC). Users should claim their rewards by 2023-12-04 23:59 (UTC).All voucher rewards for Activities B, C, D and E will be distributed within 30 days after 2023-12-24 23:59 (UTC).Users may log in and redeem their voucher rewards via Account > Rewards Hub. All voucher rewards will expire within 30 days after distribution. Eligible users should claim their vouchers before the expiration date. Learn how to redeem a Binance voucher.Each day runs from 00:00 (UTC) to 23:59 (UTC).Each week runs from Monday at 00:00 (UTC) to Sunday at 23:59 (UTC).Sub-accounts will not be considered as individual participants. PnL and trading volume of sub-accounts will be combined with the master accounts’ standard PnL and trading volume in the final calculation.Trades on any COIN-M or USDⓈ-M futures contracts will count as eligible trades in the Futures Grand Tournament.The effective trading volume counts both buys and sells, excluding any wash trades.Leaderboard ranks and results will be updated at approximately 06:00 (UTC) daily.Binance reserves the right to disqualify trades that are deemed to be wash trades, illegal bulk account registrations, self-dealing, or display signs of market manipulation, etc.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending these activities, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments.Binance shall not be liable for any losses or damages users may incur as a result of their participation in the event and/or use of the services.Additional promotion terms and conditions apply and can be accessed here.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. Trading by following and/or copying or replicating the trades of other traders involves a high level of risks, even when following and/or copying or replicating the top-performing traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. No partnership/affiliation between top-performing traders and Binance. In no way is performance or results guaranteed. Past performance is not a reliable indicator of his future performance. Content on our platform does not contain advice or recommendations. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.

Bitcoin's has soared past $26,000, riding on the wave of heightened US consumer confidence and the promising outlook for institutional investors flocking to Blackrock ETH.

#Bitcoin has once again demonstrated its ability to generate a bullish momentum, achieving a 3% increase over the past 24 hours and currently being traded at $26,200. 

#bitcoin experienced a notable upswing in the initial hours of trading, surpassing the crucial $26,000 threshold and signalling a substantial upward trajectory. BTC gathered momentum as it found support around the $24,800 level. Additionally, the emergence of a hammer candlestick pattern suggests a potential decrease in selling pressure.

After experiencing a significant decline, the market is now showing signs of a potential reversal. The presence of a hammer candlestick pattern, along with the support from the channel, and indications of exhaustion among sellers, collectively indicate a gradual weakening of bearish sentiment.

Bitcoin is presently endeavouring to regain ground above the resistance level of $26,500. To maintain its upward momentum in the near future, BTC must effectively surpass the 200 four-hour Simple Moving Average.

Following a support level near $25,200, Bitcoin successfully surpassed resistance levels at $25,800 and $26,000, signaling a positive upward movement. Furthermore, the price surged beyond the significant resistance at $26,200 and broke through the $26,500 barrier. A peak was reached around $26,518, and the price is now consolidating its gains.

The BTC/USD pair is encountering obstacles near the resistance level of $26,500. A decisive breakthrough of this resistance could potentially trigger a fresh upward movement. Further ahead, at around $26,800, the next notable resistance comes into play. Crossing this level successfully may empower the bulls to propel Bitcoin towards the resistance zone of $27,000. If breached, it could set the stage for further gains, targeting the range of $27,500 to $28,000.

Failure to overcome the resistance at $26,500 could potentially initiate a fresh downtrend for #BTC . In such a situation, it is crucial to monitor the immediate support level around $26,100. Following that, the next notable support is located near $25,800, and a breach of this level may lead to a significant decline. In that scenario, the price could potentially descend towards the support range of $25,200 to $24,800 in the near future.

Based on Price Analysis, the market capitalization of BTC stands at $514,709,356,513. The 24-hour trading volume is approximately $15,465,030,561.

KEY LEVELS :

RESISTANCE LEVEL : $27,000-$27,500

SUPPORT LEVEL : $26,400-$26,000

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#coingabbar #BinanceTournament

As the month of June is already drawing to its conclusion, the price of Shiba Inu (SHIB) has been moving in a slightly capricious manner, and now cryptocurrency traders and investors are trying to gauge whether the meme crypto asset will be a good buy in July.

Indeed, there are several reasons why Shiba Inu could be a good buy in July, ranging from the continuous development of its ecosystem, multiple updates, SHIB burn rate, and its growing community that believes in the long-term potential of both the project and its cryptocurrency.

Good buy or goodbye?

Firstly, its ecosystem has been steadily growing and advancing, most recently demonstrated with its lead developer Shytoshi Kusama announcing that “something lovely is coming” for Shiboshis, the exclusive SHIB-generated non-fungible tokens (NFTs).

At this point, Shiba Inu’s critical support level rests at $0.00000696, whereas it is facing resistance at $0.0000082, which represents the price at which sellers are likely to enter the market and sell their SHIB holdings, putting downward pressure on its price.

SHIB technical analysis

At the same time, the 1-day technical analysis (TA) gauges over at the crypto and finance analytics platform TradingView indicate a bearish sentiment for SHIB. Specifically, their summary suggests a ‘sell’ at 14, which is the result of oscillators pointing at a ‘neutral’ at 8 and moving averages (MA) in the ‘sell’ zone at 12.

All things considered, SHIB price trends are typically under the influence of the broader atmosphere on the crypto market unless when there are developments directly related to the digital asset’s ecosystem, such as updates on its Layer 2 Shibarium blockchain.

$SHIB #memecoins #BinanceTournament

#Ethereum is currently encountering resistance in the vicinity of $2,000 when paired with the US Dollar. However, if Ethereum manages to surpass this hurdle, it has the potential to further accelerate its upward momentum.

The Daily Chart:

On the daily chart, the price has been consistently rising after a strong recovery from the 200-day moving average, coupled with a breakout above the 50-day moving average. The 50-day moving average, which is currently positioned around the $1,850 mark, has played a crucial role in supporting the price and propelling it upwards. At present, the $2,000 level appears to be the most probable target within this timeframe. A breakthrough above this level would be pivotal in establishing a long-term bullish trend in the market once again.

The 4- Hour Chart:

Upon examining the 4-hour chart, a captivating sight unfolds. Ethereum's price has successfully shattered the confines of the imposing falling wedge pattern, only to be met with repeated rejection at the formidable $1,920 resistance level. Nevertheless, the cryptocurrency has found solace within the upper limits of the descending wedge, steadfastly embarking on an upward trajectory.

Intriguingly, the $1,920 threshold is currently succumbing to the upward pressure as the market ascends towards the psychologically significant $2,000 mark. Moreover, the RSI indicator, a reliable measure of market momentum, currently exhibits a bullish dominance, albeit inching closer to the overbought territory.

Based on price analysis, the market capitalization of #ETH is approx at $234,918,768,734. The 24-hour trading volume is expected to be $8,951,105,533.

KEY LEVELS :

RESISTANCE LEVEL : $1,980-$2,020

SUPPORT LEVEL : $1,920-$1,880

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#BinanceTournament #coingabbar #crypto2023