Cryptomaster_10

$BTC DOMINANCE UPDATE VIP
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On daily timeframe level the price action of $BTC is consolidating at its Horizontal Support level which is marked between the 53,01% - 52.70% level.

Where the price action is trying to breakdown its support level and if the price action breaks down this support level we can see the further decrease in the volume of Dominance

@Cryptomaster_10

For the Short-Term Holder (STH) cohort, the 'sell-the-news' correction after the ETFs launched has resulted in a healthy reset of several metrics.

First, we can see that the percent of STH supply in profit fell from its peak at ~100%, to retest its all-time-average of 57.5%. This means that almost half of all STH supply experienced prices falling below their acquisition price, making for a healthy correction. Historically, this tends to correlate with local lows being established when the market is within a macro scale uptrend.

#LDO continues it ways and made a high of $3.3 which is 24.6% in profits. Now the Head and Shoulder Patterns becomes invalid and can be expected towards the next Resistance around $3.5 to $3.8 and continuation buys can come from $3.2 and lower.

BTC - Next h1 compression to look for is $50.2k. Invalidation below $49.2k

@Cryptomaster_10

Here's the Analysis of #API3 :

#API3 is been on a pretty good series of Higher High and Higher Lows moving with the trend channel pattern. Price flipped above the Major Resistance area turning it into the major support zone around $3.29 - $3.39. A retest is expected back to the level of major support where buys setup can be taken into account. Short will be risky at this point unless price flips below the major level and shift the market structure bearish.

BITCOIN report
HTF 1D: Bitcoin’s daily chart demonstrates strength, rebounding from the 200-day BPRO trend at about $40.3k,with the current price at $47,300.Indicators hint at the market continuation, with the ATR at $1,460 indicating consistent volatility yet within a still-slowing trend. RSI elevated at 72,suggests a shift toward rapid buying momentum, with 50-day momentum also up at 53. Powerful breakout above $45k with the highest close since April 2022 - highest in 22 months. The 200SMA @ $34700 indicates a long-term fair "price" of Bitcoin, which now rises daily.
HTF 12H: The market shows bullish signs.BTC to touch 50k
MTF 4H: The short-term market view on the 4-hour chart is dominated by the uplifting volatility, with the trading range specified by BPRO Momentum Bands: High Band from $47.2k to $48.3k and Low Band from $43.3k to $44.5k, marking a broadened neutral zone between $44.5k and $47.2k.
Fear & Greed Index: Current sentiment registers at 74/100.

What is #MVRV Ratio ?

The #MVRV (Market Value to Realized Value) score is a metric used to assess the #valuation of a cryptocurrency by comparing its market value to its realized value. The #MVRV score helps to gauge whether a cryptocurrency is overvalued or undervalued based on its #historical price movement.

The market value of a #cryptocurrency refers to its current price multiplied by the total supply of #coins in circulation. On the other hand, the realized value takes into account the price at which each coin last moved on the #blockchain, essentially measuring the average price at which investors acquired their holdings.

So what does that Indicate ?

#MVRV Values > 3.5 has generally served as a strong signal for late stage #bull cycles, and heightened probability of heavy #distribution or simple indicate a potential Market Top.

#MVRV Vales < 1.0: indicates that a large cross-section of the #supply is near break-even, or held at a loss. These low values have typically provided strong signal of market capitulation and late stage #bear accumulations or Simply Indicate the Market Bottom.

#ADA/USDT ANALYSIS

ADA is currently exhibiting a bullish flag chart pattern on the daily timeframe, indicating a potential breakout. The 100-day moving average (MA) is providing support, while both the MA 50 and the Ichimoku cloud are serving as resistance levels. Additionally, the MACD crossover suggests bullish momentum. A definitive breakout above the flag pattern would confirm the bullish trend.

@Cryptomaster_10

#BTC/USDT ANALYSIS

BTC is currently trading within an ascending channel on a daily timeframe. It encounters horizontal resistance while residing within the Ichimoku cloud. The MA 100 indicates a bullish trend.

A definitive breakout above the horizontal resistance would serve as confirmation for a potential upward trajectory toward the upper boundary of the channel.

@Cryptomaster_10

The largest increase in liveliness since the Dec-2022 capitulation event. This again supports the above analysis, denoting an increase in Coinday Destruction as some investors part ways with a portion of their long-held coins.

However, when viewed in a macro context, Liveliness remains near multi-year lows, suggesting that the dominant majority of the supply remains tightly held, arguably waiting for higher spot prices, or perhaps increased volatility as a motivator to spend.

At the time, A large divergence was in play between the two, with a significant dominance towards coins being dormant, inactive, and illiquid.

This year we see the first signs of a potential closing of this divergence, a notable increase across all measures of “Active Supply”. This provides confluence with the aforementioned uptick in older coin spending.

Here's the Analysis of #LDO :

#LDO is been approaching the major support zone of $2.62 - $2.69 and forming a Head & Shoulder Pattern. Price already formed the bearish market structure, so expected the break below of the zone. Right now, nothing can be done here, wait for the price to reach either reject the zone (only of Daily TF) or break of the support zone.

What Is LMD GHOST?

LMD GHOST plays a crucial role in the popular Ethereum network. But what exactly does this consensus method do? And why does it matter? Let’s break it down in plain language.

LMD GHOST (aka the GHOST Protocol) is a fork-choice rule that allows the nodes in a blockchain network to reach an agreement on the valid state of the ledger. It prevents disputes over which transactions are legitimate. The protocol uses a multi-step voting process by nodes to pick the “heaviest” or most legit new block. This weighted selection aims for faster consensus than other methods. It also enhances security against attacks meant to corrupt the ledger.

How Does LMD GHOST Work?

LMD Ghost is a fork choice rule used in Ethereum's consensus protocol. It stands for "Latest Message-Driven GHOST" and is an extension of the GHOST protocol. Here's how it works:

1. Start at the justified block, which is the last block that has been finalized by the network.

2. Compare every child of the justified block to choose the best one. The "best" block is the one with the highest score.

3. Scores are calculated based on the number of blocks that reference the block in question. The more blocks that reference a block, the higher its score.

4. Repeat this process recursively until a single block is chosen as the head of the chain.

LMD Ghost is designed to be more efficient than other fork choice rules, such as the Longest Chain rule, by taking into account the entire block tree instead of just the longest chain. It is also used in conjunction with the Casper finality gadget to provide finality guarantees for blocks.

Amidst market fluctuations and sell-the-news events, long-term #BTC holders remain composed. Supply Last Active metrics show a slight decrease in older supply movement, but overall, the majority of holders stand resilient, approaching all-time highs in held supply percentages across various age bands.

🔴 1+ Years Ago: 69.9%

🟠 2+ Years Ago: 56.7%

🟢 3+ Years Ago: 43.8%

🔵 5+ Years Ago: 31.5%

Older coins being spent again are causing the biggest profit-taking event since November 2021. On January 4th, the Realized Profit hit a peak, with over $1.3 billion in profit every day. This means people are making significant profits as they buy and sell coins at higher prices.

Cryptomaster_10