The 26 million USDCx transfer just wrapped up, $ADA and the chart immediately dumped 2.35%. It didn’t even make the trending searches, and the sentiment index is still at 55—Greed.
Intersect has switched everything it manages to USDCx. That’s basically the official team cutting its own $ADA position first, while the bridge is still frozen and compensation is pending. The market has no confidence at all—if you’re chasing the pump, take a break.
For a bullish outlook, we need to see the bridge unfreeze and funding rates turn positive. For a bearish outlook, wait to see whether buyers below 0.22 are strong enough to hold. With overall market sentiment at 55 (Greed), chasing highs could mean catching a falling knife.
How much do you believe the news that the official team has cut its $ADA exposure? Reply 1 if you believe it, 2 if you’re on the fence, or 3 if you don’t. Don’t just fall back on the usual “buy the rumor, sell the news” line.
If you want to get some practice in, check out the ACU Alpha competition, which closes today. You can copy the trade ideas and review—much better than guessing, and you can earn rebates too.
#Write2Earn #BinanceSquare #ADA Futures #TradingTournament
Intersect has switched everything it manages to USDCx. That’s basically the official team cutting its own $ADA position first, while the bridge is still frozen and compensation is pending. The market has no confidence at all—if you’re chasing the pump, take a break.
For a bullish outlook, we need to see the bridge unfreeze and funding rates turn positive. For a bearish outlook, wait to see whether buyers below 0.22 are strong enough to hold. With overall market sentiment at 55 (Greed), chasing highs could mean catching a falling knife.
How much do you believe the news that the official team has cut its $ADA exposure? Reply 1 if you believe it, 2 if you’re on the fence, or 3 if you don’t. Don’t just fall back on the usual “buy the rumor, sell the news” line.
If you want to get some practice in, check out the ACU Alpha competition, which closes today. You can copy the trade ideas and review—much better than guessing, and you can earn rebates too.
#Write2Earn #BinanceSquare #ADA Futures #TradingTournament