In the latest Alpha Report prepared by the analysts of the cryptocurrency exchange Bitfinex, the activity in the altcoin market was highlighted.
In Bitfinex's 95th Alpha Report, it was emphasized that Bitcoin's record highs pleased long-term investors, but made short-term investors with a high risk appetite uneasy. So much so that the correction movements that come after each peak area pose a great threat to the liquidation of futures investors' positions. For example; The sharp sales that followed Bitcoin reaching its first record level on March 5 caused purchase position liquidations reaching $990 million. This amount was the highest daily liquidation amount in the last 3 years.
BTC spot demand continues to be supported by cash inflows into ETFs approved in the US in January. Although fluctuations in crypto markets continue, these price movements do not seem to have affected institutional investors so far.
The revival in the altcoin market draws attention
The market value excluding Bitcoin and Ethereum, which reflects the net value of the altcoin market, has exceeded 750 billion dollars today. A significant part of this increase in value occurred with the increase in demand for memecoin and artificial intelligence coins. Organizations developing projects in the field of artificial intelligence using blockchain technology are seeing additional demand by combining artificial intelligence and the crypto field, which has become a rising trend since last year.
Memecoins, on the other hand, are rising entirely based on speculative transactions. In the Bitfinex Alpha Report, it was mentioned that the transaction volumes of Solana-based memecoins are starting to approach Ethereum-based assets. On the other hand, it was reported that there was a rapid increase in transaction fees due to the increase in transaction volumes in the Ethereum network. Accordingly, transaction fee revenues are expected to exceed $10 billion for the first time since the first months of 2022.
PLEASE READ CAREFULLY FOR A GIFT OF 10 DOLLARS.
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Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward until FEBRUARY 14 can do so. After activating your account, all you have to do is open your first futures transaction.
So let me give you a tactic like this: Even if you open and close with a $10 transaction, you will be entitled to the reward.
However, even if you do this after February 14, your reward will not come. So get it done by February 14th. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open your 50 USDT transaction and get your 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARD section of your Binance application after 14 BUSINESS days, starting from FEBRUARY 14th. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
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