What is URPD (UTXO Realized Price Distribution) ?

#URPD stands for UTXO Realized Price Distribution, to analyze the distribution of Bitcoin's realized prices based on the age of the UTXOs (Unspent Transaction Outputs) or in other words #UTXO Realized Price Distribution (URPD) shows at which prices the current set of Bitcoin UTXOs were created (i.e. each bar shows the amount of existing bitcoins that last moved within that specified price bucket). The price specified on the x-axis refers to the lower bound of that bucket.

The UTXO Realized Price Distribution helps to understand the average cost basis of Bitcoin holders based on when they acquired their coins. It divides the UTXOs into different age groups, such as those acquired within the last 30 days, 90 days, 180 days, and so on, and calculates the average price at which those coins were last moved.

This metric provides insights into the behavior of long-term holders (HODLers) and short-term traders. It allows analysts to determine the levels at which different cohorts of Bitcoin holders may be willing to sell their coins, as well as the potential price levels at which they acquired their holdings.

By analyzing the URPD, one can gain a deeper understanding of the distribution of Bitcoin's realized prices across various time frames and identify potential price points where significant buying or selling pressure may emerge. #Binance200M #BnbAth #TopCoinsJune2024 #ETHETFsApproved #FIT21

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#BITCOIN WEEKLY TF UPDATE📊 :

#BITCOIN on Weekly TF, didn't gave a retest but moved straight upwards towards the Resistance drawn and rejected too. Price clearly don't aggressive moving now. Now, a potential retest at $66,000 will be the High Probable. $BTC #Binance200M #BnbAth #TopCoinsJune2024 #ETHETFsApproved #FIT21

#ADA ANALYSIS📊:

#ADA kept on hodling the Major Support Zone of $0.41 - $0.42, and we can see price is just consolidating in range itself. We can again anticipate the rejection from the support which could be a potential buys opportunity of us. $ADA #Binance200M #BnbAth #TopCoinsJune2024 #ETHETFsApproved #FIT21

The chart assesses market volatility by measuring the percentage range between the highest and lowest price points over the last 60 days. Currently, volatility is compressing to levels typically seen after prolonged periods of consolidation. Historically, such low volatility levels often precede significant market moves, indicating that a large price movement may be imminent. #Binance55thProject(IO) #BnbAth #TopCoinsJune2024 #ETHETFsApproved #FIT21

#ALICE dropped hard with the market and reached the flip level around $.64 and kinda rejecting the support area. An another retest can be done here towards the 50% of the wick, that's a risk move take it accordingly. $ALICE #Binance55thProject(IO) #BnbAth #TopCoinsJune2024 #ETHETFsApproved #FIT21

#BITCOIN DAILY TF UPDATE📊 :

#BITCOIN on Daily TF, still on a consolidation but instead kept on hodling the supporting up trendline. Price nearly at the resistance area which also getting rejections. Not expecting much from here, only a breakout can lead some strong moves, we gonna see some the consolidation continues. $BTC #Binance55thProject(IO) ,#BnbAth #TopCoinsJune2024 #ETHETFsApproved #FIT21

#ETH UPDATE📊📈📉 :

#ETH made a drop lower again and reached the support zone nearby $3600. We can see price kinda rejecting the zone and expected to reach out the other end of the zone around $3950. You can have the short trade with in this. $ETH #Binance55thProject(IO) #BnbAth #TopCoinsJune2024 #ETHETFsApproved #FIT21

We can see a large decline in the Sell-Side Risk Ratio over recent weeks, which suggests the market has found a degree of equilibrium over the course of this correction. #Binance55thProject(IO) #BnbAth #StartInvestingInCrypto #ETHETFsApproved #FIT21

#LPT is did a successful break and retest of the flag pattern and made a push too. Price made a high of $25, which 13% - 16% in profits from the zone. Currently, price is getting a pullback before the next leg up. $LPT #Binance55thProject(IO) #BnbAth #StartInvestingInCrypto #ETHETFsApproved #FIT21

#BTC took a bounce from the support drawn (red box) and attempting to break the Major Resistance again. With that, today is strong fundamental news, and with that a strong movement is expected, so better tighten the stops in any futures trade opened. $BTC #Binance55thProject(IO) #BnbAth #StartInvestingInCrypto #ETHETFsApproved #FIT21

Here's the Analysis of #UNI📊 :

#UNI kept on rejecting from the Strong Resistance area of $11.59 - $11.78. Price broke through the channel pattern and trend with bullish market structure. Expected a Bounce from the trendline, in anticipation of break of the resistance and new printing new Higher High. $UNI #Binance55thProject(IO) #BnbAth #StartInvestingInCrypto #ETHETFsApproved #FIT21

What Is a Metatransaction?

A metatransaction is like having a helper who carries out a task for you. In this case, it's executing a transaction that someone else has signed on your behalf. Instead of you needing to send this transaction to the public blockchain, the helper does it for you. So, metatransactions simplify things and save you the cost of using gas on public blockchains. All you have to do is sign the transaction with a click.

Usually, when you make a transaction on a public ledger, you sign it yourself, and it goes into a waiting area called the mempool. Miners then include your signed transaction in the next block. During this process, you're the one paying the gas fees, which can be a hassle. Plus, you usually have to pay these fees using the native token of the blockchain, even if you're using a decentralized app (dApp) with its own token.

Metatransactions change this by allowing dApps to handle the gas fees and token payments for you. Instead of you paying the fees, the dApp or another third party does it for you. For instance, a dApp developer might cover the gas fees to attract more users. They can also decide whether users need to use their own token to pay for gas or if they'll cover the costs entirely. In either case, they use metatransactions to manage the transaction on the blockchain and pay the necessary fees. All you need to do is sign the transaction, and you might not have to pay any gas fees at all.

The main advantage of metatransactions is that they make using blockchain applications much easier for users. They shift the burden of dealing with gas fees and transactions from the users to the developers or infrastructure behind the scenes. #Binance55thProject(IO) #BnbAth #StartInvestingInCrypto #ETHETFsApproved #FIT21

#marketresearch 📊

The Liveliness metric also captures this change in market character, and indicates that the Bitcoin network is seeing a greater volume of coinday creation than destruction. In other words, the market is now expressing a greater preference for holding coins for longer periods of time, rather than actively distributing coins for a profit.

I hope you're learning something 👋 $BTC #Binance55thProject(IO) #BnbAth #StartInvestingInCrypto #ETHETFsApproved #FIT21

#BTC.D UPDATE :

#BTC.D still hovering below the resistance area forming a Head and Shoulder formation. Well, Index kept on trying to break the resistance, which is not a good sign as alts will dump. Eyes on breakout now, as this might be triple top too, and indicating a correction hint. $BTC #Binance55thProject(IO) #BnbAth #StartInvestingInCrypto #ETHETFsApproved #FIT21

#BTC did attempted to breakout and again closed before turning it into a fakeout now. We have a support at $70,500 which price rejected it and looks like again going for a retest now. A new Higher High is expected very soon, by the end as structure is bullish. $BTC #BnbAth #BinanceLaunchpool #StartInvestingInCrypto #ETHETFsApproved #FIT21

Here's the Analysis of #VET 📊📉📈:

#VET going through the large downtrend channel pattern and make a consolidation range over the support zone of $0.033 - $0.034. Buys looks healthy here but to be sure you can wait for the breakout of the consolidation. $VET #BnbAth #btc70k #StartInvestingInCrypto #ETHETFsApproved #FIT21

Trading With The Trend? 📈📉

#Trading with the trend, also known as trend following, is a objective in trading plan, that involves taking positions in markets in the same direction as the dominant trend. The idea behind this, is that trends in the market tend to persist and that following the trend can lead to higher profits than attempting to predict market reversals.

#Traders who follow this strategy typically use trend analysis #tools, such as moving averages or #trend lines, to identify the direction of the trend and to make decisions about when to enter and exit trades. This can involve taking long positions when the trend is #bullish and short positions when the trend is #bearish.

It is #important for traders to have a well-defined #risk management plan in place to mitigate these risks and to have a solid understanding of the #markets in which they are trading. Additionally, traders should be aware that trends can change and be prepared to adjust their positions accordingly. #BnbAth #btc70k #StartInvestingInCrypto #ETHETFsApproved #FIT21

Miner Supply of Bitcoin at it's Lowest in 14 Years

Miner holdings of Bitcoin are in decline, down 50% from highs. It was over 5,000 days, or 14 years, since miner reserve of Bitcoin was this low
This should tell you something, and what's that ?? $BTC #BnbAth #btc70k #StartInvestingInCrypto #ETHETFsApproved #FIT21

#BTC surpasses the $70,000 level and continued the push higher towards the next resistance area around $71,250. Price getting some sort of rejection and a retest back to $68,000 is expected before moving up. $BTC #BnbAth #btc70k #StartInvestingInCrypto #ETHETFsApproved #FIT21