🔥 Canada's proposed ban on crypto ATMs over fraud concerns isn't a surprise, given the $63,377 (-0.13% 24h) #Bitcoin price and $1,879 (-0.02% 24h) #Ethereum price, which often correlates with increased regulatory scrutiny #cryptoregulation.
📊 This week's #Bitcoin dip to $58K wiped $800M in leveraged longs, but on-chain data shows long-term holders didn't move a single coin, with Open Interest (OI) levels at $7.05B and funding rates at +0.0100%, indicating bullish sentiment.
💡 In every bull cycle, these shakeouts happen 3-5 times before the real price discovery phase — and they always feel like the end of the bull market to those watching price only, which is why it's crucial to look at the bigger picture, including the #EtherApproaches$2000 narrative.
📈 The practical move: zoom out to the weekly chart and ask yourself if the thesis has changed, considering smart money signals, such as MeiMei and Alisa's Solana buying activity, and the viral narrative around Murad Advocates Crypto Unification.
❓ What's your strategy when the market goes red — hold, buy, or wait for confirmation, and how will you navigate the potential regulatory landscape in Canada and beyond?
📊 This week's #Bitcoin dip to $58K wiped $800M in leveraged longs, but on-chain data shows long-term holders didn't move a single coin, with Open Interest (OI) levels at $7.05B and funding rates at +0.0100%, indicating bullish sentiment.
💡 In every bull cycle, these shakeouts happen 3-5 times before the real price discovery phase — and they always feel like the end of the bull market to those watching price only, which is why it's crucial to look at the bigger picture, including the #EtherApproaches$2000 narrative.
📈 The practical move: zoom out to the weekly chart and ask yourself if the thesis has changed, considering smart money signals, such as MeiMei and Alisa's Solana buying activity, and the viral narrative around Murad Advocates Crypto Unification.
❓ What's your strategy when the market goes red — hold, buy, or wait for confirmation, and how will you navigate the potential regulatory landscape in Canada and beyond?