bake

#BinanceTournament Bitcoin whales have been seen returning back into accumulation amid this surprise price rally. Spot buying solidifies bull rally.
On Tuesday evening, December 5, Bitcoin registered an additional 5% rally with the #BTC price shooting past $44,300. As of press time, $BTC is trading at $43,744 with a market cap of $855 billion.
Bitcoin Whales Return to Buying
In recent updates from on-chain data provider Santiment, Bitcoin’s surge aligns closely with the activity of existing wallets holding 100 or more Bitcoins, showcasing a tight correlation with the price movement.
Following a significant drop-off observed on November 9th, the past four weeks have witnessed the return of 48 of these substantial whale wallets. The resurgence of these large wallets suggests renewed interest and activity among major players in the Bitcoin market, adding an additional layer of insight into the ongoing dynamics influencing the BTC price.
Courtesy: Santiment
In the current bullish market, the spotlight is on spot-driven dynamics, as major derivatives data remains relatively stable. Futures premiums are holding at approximately 10%, while options implied volatilities (IVs) show modest gains, reports Greeks.Live.
The ongoing rally, coupled with news of an imminent #ETF's passage, underscores the health of this spot-driven bull market. With limited downside risks, it solidifies the notion that the bull market is not merely a transient phase but a sustained trend with enduring strength.
What Shall BTC Investors Expect Ahead?
Bitcoin maxis are already going gaga over this week’s BTC price move with veterans like Max Keiser expecting a ‘God candle‘ to $100K. However, technical charts show that investors should wait before making any fresh entry at this point.
Renowned crypto analyst Ali Martinez issues a cautionary note, predicting a potential correction in Bitcoin’s price. Martinez points to the TD Sequential indicator, indicating that the correction might commence within the next 7 to 48 hours. This assessment is based on analyses of both daily and three-day charts.
According to crypto analyst Michael van de Poppe, a new price range has solidified. Anticipating the current movement to conclude shortly, he foresees a consolidation phase before a potential final push towards the $48,000 to $50,000 range, particularly in the pre-ETF period. Following this, van de Poppe envisions a period of sideways action with a support level between $36,000 and $38,000. Investors are advised to monitor these potential market movements closely.#BAKE #ORDI
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@wisegbevecryptonews9

#BAKE Solana price prediction: #sol closes in on $90 as institutional #investors back the uptrend aiming for $100 before the New Year.
Solana price prediction: The crypto market is on the verge of retracing but Solana ($SOL ) paints a different technical picture likely to propel the token to $100 before Christmas celebrations or the New Year.
The competitive smart contracts token worth $37 billion in market capitalization sits in the fourth position after toppling $XRP . A minor $4 billion bump stands in the way of Solana displacing Binance Coin ($BNB ) and becoming the fourth-largest crypto.
Recommended for you: Solana (SOL) Now Worth More Than MSTR, HOOD, and DBX Combined
Solana Price Prediction: SOL On The Move As $100 Beckons
Solana is trading at $87 on Thursday during US business hours, up 10% on the day and riding towards $90. The Relative Strength Index (RSI) backs the uptrend, with Solana showing signs of narrowing the distance towards $100 in the next few days.
Solana’s price rally can be attributed to a few factors including the fear of missing out (FOMO), institutional support, and the general strong bullish structure across the market.
Since mid-October SOL has sustained the uptrend apart from minor corrections which investors have proved to be highly profitable, allowing them to enter long positions and capitalize on the continuing #Uptrend .
Launching on Major Exchanges After the Presale
Institutional investors are also driving money into Solana-related products. According to the latest weekly report by CoinShares, altcoins saw $21 million in inflows into assets under management (AUM) with “the main beneficiaries being Solana, Cardano, XRP and Chainlink.”
Solana accounted for the biggest portion of the $21 million with $10.6 million flowing into related funds. Intriguingly, Bitcoin and Ethereum experienced fund outflows of $32.8 million and $4.3 million respectively. This showed that BTC and ETH are ceding ground to select altcoins like SOL, ADA, and XRP.
Digital asset fund flows weekly report | CoinShares
The commendable bullish structure within the crypto market is helping to keep Solana price buoyant and steady for further gains. Therefore, traders are willing to keep their long positions open aiming for the ultimate climb beyond $100.
Although the RSI is bullish, it is not extremely overbought which means that buyers have the upper hand. If traders refrain from taking profits at the moment but increase exposure to long positions in SOL, a breakout above $90 could trigger FOMO and blast the token past $100.
SOL/USD price chart | Tradingview
In case of declines taking center stage due to profit-taking, the 20-day Exponential Moving Average (EMA) (in blue) support at $71 would help to control the pullback. If push comes to shove and losses intensify, the 50-day EMA (in red) and the 200-day EMA (in purple) would come in handy to arrest the bearish situation.#BinanceWish @wisegbevecryptonews9

#BinanceTournament Solana co-founder admits the slow market acceptance of its Saga phones but plans to release more models in order to boost adoption.
#etherem Layer-1 competitor Solana (SOL) has been showing some price volatility this week oscillating in the range of $60-$65. After a 7% dip earlier on Tuesday, the Solana (SOL) price has recouped the losses and is currently up by 6.5% trading at $64.28 levels.
Solana Co-Founder Talks About the Astounding Recovery and Saga Phone
In his recent podcast episode with Unchained, Solana Labs co-founder Anatoly Yakovenko delves into the repercussions of #FTX's collapse, shares his initial impressions of Sam Bankman-Fried, reflects on the SEC’s classification of SOL as a security, discusses the growing trend of entrepreneurs leaving the U.S. due to regulatory risks, examines SOL’s position in the stablecoin market, and expresses his belief in the inevitability of finance transitioning to platforms like Solana.
In response to inquiries about the SEC’s classification of SOL as a security, Anatoly clarified that the accusation did not implicate any misconduct by #SolanaLabs , the foundation, or himself. Instead, the focus was directly on the exchange. Currently, he suggests there is limited action that can be taken, emphasizing a need to wait for a potential resolution, indicating that Congress might play a role in untangling the situation.
Furthermore, Yakovenko revealed to Unchained that the Salana Saga phone has currently sold only 2,200 units. To establish a robust user base, Yakovenko emphasized the need for higher sales, ideally ranging between 25,000 to 50,000 units. He mentioned ongoing discussions within the company and hinted at potential initiatives such as launching new models, improving applications, and introducing store discounts, among other strategies.
SOL Price Projection for December 2023
Analyzing the initial price movements in 2023, crypto experts foresee an average SOL rate of $67.26 by the end of December 2023. Projections indicate a potential price range with a minimum of $60.63 and a maximum of $73.88 for SOL during this period.
The outlook for mid-December suggests a bullish phase for SOL, with analysts anticipating a surge in the range of 7-11%. Notably, on December 15, SOL will likely be trading at $67.88. The days surrounding this date are also likely to witness SOL maintaining its position within the same trading range.
With a solid support level at $60 and a persistent buy signal from the Moving Average Convergence Divergence (MACD), Solana is gearing for an upward trajectory. As a result, traders shall prepare for an increase in exposure to $SOL .
Investors should also be prudent considering the possibility that Solana might need to explore lower levels to acquire fresh liquidity, providing support for the upcoming breakout. The 50 Exponential Moving Average (EMA) in red, positioned at $58.41, is likely to absorb any selling pressure during this process.#BAKE
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@wisegbevecryptonews9

兄弟们，币圈又炸雷了！9月17日，币安将会直接下架BAKE、HIFI、SLF三个代币，这哪是普通调整？分明是交易所对“垃圾资产”的精准绞杀！别被那些“治理代币”“RWA赛道”的漂亮话忽悠了，这波下架背后全是项目崩盘的信号，更是市场淘汰机制的血腥升级，咱散户再不长记性，下一个被割的就是你！
先说$BAKE ，这货以前靠着BakerySwap和PancakeSwap的光环混日子，结果现在平台交易量缩成渣，团队运营一塌糊涂，母公司Cake Group还因为内斗和资金问题卖资产。什么“稀缺性”“治理价值”都是扯淡，流动性枯竭、用户跑光才是真相！
$HIFI 更离谱，打着“固定利率借贷”的旗号，结果代币经济学烂到骨子里——流通量占88%，市值才1762万美元，价格从高点暴跌95%！更搞笑的是，项目方直到下架才跟散户同时知道消息，这哪是搞项目？分明是摆烂等死！
$SLF 就是明目张胆的骗局！它从FRONT代币改名而来，总供应量从9000万暴增到3.6亿，直接稀释用户资产75%！这种赤裸裸的“割韭菜”操作，连OKX都看不下去了，早因“不公平分配”下架它。什么“模块化区块链”“无密钥钱包”全是噱头，骗的就是想赚快钱的散户！
交易所下架可不是拍脑袋决定，而是盯着三大可能导致市场信任崩盘的隐患
第一，流动性死亡，这三个货日均交易量连百万美元都不到，交易所养它还得倒贴钱，不砍你砍谁？
第二，合规暴雷，HIFI涉嫌违反监管条款，SLF的增发模式直接踩中“非法融资”红线，交易所不想被牵连，只能断臂求生！
第三，项目方失控，BAKE团队资金链断裂，HIFI开发者直接失联，SLF更是明着操纵代币经济学抢钱，这种项目留着就是定时炸弹！
胜手作为在币圈混了多年的操盘手，我给大家提醒一下，别被“治理代币”、“RWA”“模块化”这些花里胡哨的标签骗了！现在市场分化越来越狠，比特币、以太坊这种主流资产跌了，但是也是真抗跌，反而其他代币说崩就崩，不过也可以说机会很大，但是需要独到的眼光。
大家有什么想了解的代币可以问胜手，后续可以以此给大家分析当前大致走势，和实时短期策略，要是你们手里有这三个货的，胜手建议在9月17日前清仓或转走，晚了归零也没处可说，记住，在加密世界，故事讲得再好听，也敌不过基本面的硬实力！
在我看来，这波下架不是结束，而是市场清洗的开始。唯有褪去泡沫的资产，才能活到下一轮，擦亮眼睛，别当接盘侠！
#bake #Hifi #SLF #九月加密市场能否突破？
精准预测走势，捕捉最佳时机，带你吃肉，关注找@杠杆胜手 ，更多宝藏等你发掘，带你了解一手行情和布局，欢迎各位讨论更多见解！！！！