Runes ecosystem will start in 3 days, exactly the date of Halving.
Still no Runes projects listing in Binance yet.
BRIEF SUMMARY:
→ Runes are the new standard for transactions on the Bitcoin blockchain.
→ The key difference between Runes and BRC-20 tokens is that Runes are interchangeable, while BRC-20 tokens are unique and not fungible.
→ Runes are similar to ERC-20 tokens on Ethereum, while BRC-20 tokens are akin to non-fungible tokens (NFTs).
https://twitter.com/FTI_DA/status/1779979775651561691
After Halving electricity cost is 60k
It 's so weird if BTC goes lower below electricity.
In history when price went lower electricity cost It was about wicks.
There should be a room for special coins like TRB BLZ last year but normally they move at weekend
Читать полностью…Floor price - celling price
https://www.khanacademy.org/economics-finance-domain/microeconomics/consumer-producer-surplus/deadweight-loss-tutorial/a/price-ceilings-and-price-floors-cnx#:~:text=A%20price%20ceiling%20keeps%20a,level—the%20“floor”.
We will talk more if btc breaks down 59k.
Now it is a huge volatility zone and stressful zone if the entry is not good.
→After Halving 2020 many DEFI projects were released and there was pre-pump summer on Defi projects like COMP SNX MRK ...
Real bullrun DEFI appeared at Dec 2020.
→Study RUNES projects incoming . . . . First pre-pump then a realbull will start like DEFI bullrun 2020.
after Halving in 3 days, Mining profile (Red zone) will be adjusted and move up doubly
So I expect Crypto Summer 2024 price action will be like Summer 2023 & 2020.
The current price is even higher yesterday price while market correction.
It is proof of strength
We are in Crypto Summer
Liquidity is drained
Open Interest is stagnated
For Bitcoin & bigcap altcoins: they are stuck to print big moves (big breakout or big break down)
BTC daily Floor/Celling price is 5% max
ETh daily Floor/Celling price is 10% max
Alt daily Floor/Celling price is 30% max
You can refer this data to set as targets. Scalp TP should be at 5%
This season will run till October
Today ETF Total Flow remains negative today 👀
BlackRock bought less. GrayScale keeps selling strong 👀
No dip until Total Open Interest get a flush + Funding rate matrix turns to big negative.
Now it is bleeding slowly & steadily
TP1: 58k ~20% from top
TP2: 50k ~ production cost level
TP3: 30k ~ electricity cost level