MtGoxRepayments

#Binance #Futures has announced the introduction of two new USD-Margined perpetual contracts featuring POPCAT and SUN tokens. These contracts will allow traders to leverage up to 75 times the initial amount. The expansion aims to enhance the trading experience and provide more diversity in trading options.
Binance Futures Adds POPCAT and SUN
According to a press statement from Binance Futures, the new perpetual contracts for POPCAT USDT and SUN USDT will launch on August 22, 2024, at 13:00 and 13:05 UTC, respectively. The initiative reflects Binance Futures’ continuous effort to respond to user demand for innovative and varied trading products.
Each contract stipulates a maximum leverage of 75x, a feature that promises to attract high-volume traders. The underlying assets for these contracts are Popcat and SunToken, with USDT as the settlement asset. Both contracts allow trading 24/7, giving traders around the globe uninterrupted access to the markets.
Technical Specifications and Trading Terms
Additionally, both contracts will have a tick size precision of 0.0001 for POPCAT USDT and 0.000001 for SUN USDT. Furthermore, a capped funding rate of +2.00% / -2.00% is established to balance the periodic payments between long and short positions every four hours.
More so, Binance Futures ensures risk management policies are in place, with possible adjustments to the contracts’ specifications based on market risk conditions. These adjustments may involve funding fees, tick size, maximum leverage, initial margin, and maintenance margin requirements.
Traders on Binance can also utilize the Multi-Assets Mode, which allows different cryptocurrencies to be used as margins for trading. This mode supports flexibility in managing trading funds, reducing traders’ margin requirements.
Immediately after Binance launched POPCAT perpetual contracts, lookonchain noted that a whale withdrew 39,816 SOL ($5.73M) from Binance to purchase 10 million POPCAT tokens. This indicates strong confidence and positive market response.
Updates on Trading Options
Concurrently, the crypto exchange is adding new trading pairs and has listed Dogs (DOGS), the 57th project on its launchpool. These initiatives are designed to diversify the options available to traders.
Binance has also outlined changes in its spot trading offerings set for this week. Effective tomorrow, the platform will delist nine altcoin spot trading pairs due to low liquidity.
Following the update, Solana based meme token Popcat price experienced a 24-hour rally with a 31% increase in price, reaching $0.5716. Moreover, the trading volume saw a massive spike of 119.07%, amounting to $135,154,008. SUN also surged by 20.53%, pushing its price to $0.0225.

#MtGoxRepayments #BinanceFutures #LowestCPI2021

When analyzing Bitcoin's historical monthly returns, September stands out as a challenging month for the cryptocurrency. This trend is evidenced by the data displayed in the table, where September consistently shows negative returns for most years. Let's delve into this phenomenon and explore why September has been a historically tough month for Bitcoin ($BTC ).

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Historical Data Insights
Looking at the data:
2013-2023: Out of the 11 recorded years, 8 Septembers ended in negative returns. This translates to a 72.7% probability that Bitcoin experiences a downturn during this month.Average Returns: The average return for September over these years is approximately -5.58%. This makes September the worst-performing month on average when compared to other months.Consistent Decline: The most significant declines occurred in 2014 (-19.01%), 2019 (-13.38%), and 2021 (-7.03%). Even in years when Bitcoin had a strong overall performance, September still managed to deliver negative returns.
Possible Reasons for September Declines
Market Cycles and Sentiment:September often marks a transition period in the financial markets. Investors might be reassessing their portfolios after the summer, leading to sell-offs that affect not only traditional assets but also cryptocurrencies.Macro-Economic Factors:September is also a month when many economic reports and fiscal policies are reviewed, causing fluctuations in investor confidence. Negative macroeconomic news or regulatory concerns can lead to broader market declines, pulling Bitcoin down with them.Profit-Taking Behavior:After potential summer rallies, as seen in some previous months, September may be a time when investors choose to take profits, leading to selling pressure.Liquidity Issues:Historically, September has lower trading volumes across markets. Reduced liquidity can lead to more pronounced price movements, especially in a volatile asset like Bitcoin.

Looking Ahead: Should You Worry?
While historical trends are insightful, they are not deterministic. However, understanding that September has been a challenging month for Bitcoin can help investors prepare for potential volatility. Diversification, cautious trading, and a focus on long-term trends might be prudent strategies as September approaches.
In summary, September's historical performance suggests a recurring pattern of negative returns for Bitcoin. While various factors could contribute to this trend, being aware of it allows investors to make informed decisions and better navigate the potential challenges that this month may present.

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I’m not a trader, but I’m in the top 5% of DeFi traders.
How?
I automatically copy the trades of the top 5%.
Here’s how I find them and replicate their moves mastering only 2 tools
Trading in traditional finance is risky, only professionals can handle it!
But what about DeFi trading? It's even more dangerous due to the high volatility!
In reality, there aren't really DeFi traders, those making money are insiders with information you don't have.

There’s only one effective way to trade in DeFi: copy trading the smart money.
And you only need to master two steps to do it:
Find the smart money.
Automate the copy trading.
In this thread, I’ll show you exactly how to master both steps.

Step 1: Find the Smart Money
There are several tools to identify smart money, but nansen_ai is hands down the best!
If you find a better tool, leave it in the comments, and I'll send you $500 if you're right
• Go to https://nsn.ai/ape and create an account.
• Click on the "Smart Money" tab.
• Scroll down to the "Smart Money Performance" section.
• Select "90D".
Each point on the chart represents a smart money account, positioned based on ROI and PnL.
The highest points are smart money accounts with the highest ROI [%]. The farthest right points are smart money accounts with the highest PnL [USD].
The best smart money accounts are those in the top-right corner.
If you don't see any in the top-right, prioritize those with the best ROI.

• Click on one to open the profiler.
• Make sure it’s an active wallet over a long period; if not, pick a different smart trader.
• Check their stats by clicking on "PnL".
• Ensure that the top Realized Profits are significantly higher than the top Realized Losses.
In the example above, the smart trader (found in 1 minute) made some impressive trades:
• Turned $665 into $161,028 with $BIAO.
• Turned $3,265 into $277,808 with $PEIPEI.
• Turned $10,400 into $90,000 with $KAI.
This is undoubtedly a great wallet to copy-trade, but how can you do it effectively?

The best way to copy trade an address is by using a Telegram bot.
MaestroBots is a good choice because it allows you to copy trade on almost all blockchains (EVM and Solana).
• Join the bot and click on "Menu".
• Then click on "/sniper".

• Click on Copytrade.
• Choose the blockchain.
• Click on "Add Wallet".
• Give it a name and paste the address.
• Tap "OFF" to activate copy trading.
Make sure your wallet is well-funded with #ETH ; you can manage the copy trade settings by clicking on the wallet.
Here are the settings I recommend:
• Copy Sell: Enabled
• Buy %: 10%
• Multi: Enabled
• Blind Follow: Enabled
• Smart Slippage: Enabled
• Frontrun: Enabled
• Min MC: $5K
• Max MC: $1M
• Max Buy Tax: 0%
• Max Sell Tax: 0%

Copy trading is straightforward, start with small amounts until you find the most effective setup.
The most crucial aspect is the quality of the smart traders you add to your copy trade list; only add the best.
I hope you've found this article helpful.
Follow me @Bluechip for more.
Like/Repost the quote if you can.
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