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the percentage of Short-Term Holder Supply held in profit, we can see that just 7% of their supply is held in a profitable position, and is similar to the sell-off in August 2023.
This is also more than -1 standard deviation below the long-term average for this metric, and suggests a notable degree of financial stress amongst recent buyers.
#BITCOIN WEEKLY TF UPDATE :
#BITCOIN on Weekly TF, still getting rejection from the newly support and trying to move up from here. Market looks here from here but a wick fill is expected lower before going up so eyes on wickfills
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We can gauge the sell-off severity using the Short-Term Holder Cost-Basis and its -1 standard deviation band:
* Short-Term Holder Cost-Basis: $64,300
* Short-Term Holder Cost-Basis -1SD: $49,600
The Spot price nearly reached the -1SD band, with only 7.1% of trading days (364 out of 5139) recording a lower deviation. This highlights the rapid pace of the market decline.
#BITCOIN DAILY TF UPDATE :
#BITCOIN on Daily TF, again slide below the support zone and now testing the zone as resistance area. On LTF price forming a price forming a small channel pattern and likely to have a lower break. Overall, a good thing is we need to see a breakout of the channel.
#BTC gave a successful close below of the support zone and now retesting zone as resistance. Price also travelling inside the channel pattern., which need to broken yet.
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What Is a Smart Token?
If tokens are how the crypto sector now refers to all user-generated value-containing assets that are compliant with the various standards on a blockchain network, then “smart tokens” are simply regular tokens that not only transmit value they contain but also all the information needed to execute a transaction simultaneously.
One way to differentiate regular tokens from smart tokens is that the former only transmits value, while the latter additionally contains in-built programmability to manipulate that value.
As the term suggests, smart tokens do this by incorporating smart contracts that can use all the information needed to authorize a transaction at once in three layers:
- The asset or the source of value. For example, this could be your wallet.
- An accompanying set of rules, which are determined by the token issuer. These rules define who has access to the asset, when, for which conditions. For example, it can define your data provider as having the rights of access, at the end of every month, if you have used their services.
- A state, which tracks the token value by the set of rules. For example, the state will record that you have paid the full amount of the invoiced data bill, and adjust your balance accordingly.
Smart tokens as such will contain enhanced information, such as counterpart identity, and invoicing data.
The central idea is this: when tokenized, unlawfully intercepted payment authorization data is rendered valueless because it simply isn’t there; it is replaced by a token. This means the data can, in effect, hide in plain sight.
The Bancor decentralized trading protocol created one of the earliest popular standards for smart tokens; in 2017, the company launched its own “smart tokens” that used smart contracts to implement direct convertibility within them.
Its use case was simple: tokens that could be bought or sold at any time directly via their own smart contract, without needing to go through an exchange or find a matching exchange. This means a direct on-chain token interaction, instead of Dapp interactions like on a typical DEX now.
#APT perfectly tapped and rejected lower from the resistance moved around 5% in favor. Still having a bullish market structure and expecting the price to react from the last resort and around $6.25.
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JUST IN: Marathon just bought 4,144 $BTC for $249M and now HODLs over 25,000 Bitcoin
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Bitcoin recorded a drawdown of -32% from the ATH, the most severe of the current cycle.
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#BTC again over the $60,000 level mark and as usual price rejecting the support zone. Price still getting it rejection from the local resistance which might start a new range. Over the week, we can see some strong bullish or a final shaekout move by next month.
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What Is Slashing?
Slashing is a form of penalty on Proof of Stake (PoS) networks implemented to ensure accountability. The bad actors are penalized and fined a percentage of their staked amount for their offense.
The PoS system encourages security and protection by rewarding validators for performing their job well and holding them accountable for their negligence.
How Does Slashing Work?
Slashing policies vary from network to network. Ethereum Merge was recently implemented to adopt the Proof of Stake mechanism. Now, Ethereum 2.0 has validators instead of miners. These validators get rewarded for staking their coins to keep the network secure. However, when validators fail to perform their job, they get slashed.
Active Network Actors, behaving as whistleblowers, catch an offender. They then construct an infringement statement against the bad validator and add it to a new block. The validator is then penalized for their offense. The punishment usually invalidates their validator id and makes them pay an amount depending on the number of validators involved. The bigger the number, the greater the penalty imposed on the staked amount. The whistleblower is rewarded a fraction of the collected amount from penalties.
What Causes Slashing?
In most networks, crypto slashing is triggered by either double signing or validator downtime. Double signing can result in a significantly greater percentage of penalty, reaching 5%, while downtime often results in a small penalty of 0.1% of tokens. Slashing can occur when two different blocks are signed for the same slots, when validators contradict each other, or when they sign two simultaneously to initiate a validation.
How to Prevent Slashing?
To avoid crypto slashing, users should never simultaneously run identical validating keys in two or more places. Accept downtime and avoid over-engineering validator setups. Some users will keep a backup while running their main validator to avoid going offline if their main validator experiences technical glitches. This helps validators keep profitability, but it's not worth it because you're continuously at risk of double signing a block.
#GOLD UPDATE :
#GOLD made a flip over the resistance and gave a clean close above. Price had a good retest back to the support area and can see strong moved to All-Time High area. Today we can expect some new All-time high printing.
#ETH gave a break below of the trendline and again moved up with some momentum. Price moved into a small consolidation range, and need to wait for the market to have a breakout. #ETH these days, dumping and consolidating alot, so a healthy breakout must needed.
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Analyzing Short-Term Holder MVRV by age groups:
🔴 1d-1w: 1.05
🟠 1w-1m: 1.1
🔵 1m-3m: 1.0
🟣 3m-6m: 1.07
All Short-Term Holder groups now profitable, indicating strong uptrend and likely positive sentiment.
#US30 UPDATE :
#US30 perfectly faked out and moved slightly to the upside, you can expected tiny pullback and target the resistance area around 40,000 (Grey Box).
#BB Analysis :
#BB is a recently listed coin in binance and moving lower after a High is printed. Price flipped the area of support and expected to continue its drop. Alternate way would be a Daily Candle close over the zone will give early signs of reversal.
Here's the Analysis of #BONK :
#BONK is been is moving within a large consolidation range, moving with the trendline and nothing clear at the moment, the support is at $0.00001387. Look for the further opportunities until price reaches the support.
#DODO had a great closing with a rejection and formed a internal break of structure. Price currently on its way for the retest and build more liquidity lower which can be targets for the potential shorts.
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Here's the Analysis of #RDNT :
#RDNT dumping aggressively and created a new low. As Price formed a new low a now on its way to form a new low. Shorting opportunities can be done only once after a Daily candle closure.
Here's the Analysis of #HOOK :
#HOOK is been dropping after the strong move to the upside and kind a middle of the nowhere. Price just broke the supporting trendline and nothing to looks good as no levels nearby. Better to look out for the other coins or wait for the price hit the resistance around $0.58.
To assess the severity of the price contraction, we can utilize the well-known Mayer Multiple, which is the ratio between Price and the 200-day moving average. The 200DMA is widely considered a point of delineation between bullish and bearish market conditions by traders and investors.
Currently, the Mayer Multiple is trading at a value of 0.88, which is the lowest since the collapse of FTX in late 2022.
#BTC dumped yesterday due to unnecessary fear conditions and now trying to move below the support area. The candle close is not happened yet and a close will bring a good pullback $54,500 area.
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Here's the Analysis of #SUI :
#SUI made a break of the downtrend channel pattern and made a strong bounce from the major support zone of $0.48 - $0.51. Price looking bullish at the moment and expected to have a retest around $0.86 and can expect the next move higher.
#TOTAL MARKET CAP :
#TOTAL Marketcap is been rejected hard from the major support zone and now forming a bull flag formation and near towards the resistance area. Index already attempted a breakout and need to see a closing above the resistance.
Here's The Analysis of #APT :
#APT id been moving from the key support area around $4.70 - $4.84 and now retesting the the major resistance area of $6.91 - $7.16. Market structure is strongly bearish. Wait for the price to have a break above the resistance area for buys.
The net realized profit/loss for most sub-cohorts shows positive capital flows, indicating constructive improvement. The exception is the 1m-3m cohort, which has borne the brunt of recent range-bound and downside price action. This cohort is also one of the larger age bands in the study.
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#BTC made its multiple rejection from the support zone and still hodling. Bulls looks pretty strong but due to mix sentiments in the market is not moving alot. We have some minor news this week which might move a the or build-up liq.
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What Is a Simplified Payment Verification (SPV)?
Short for Simplified Payment Verification, SPV is a lightweight client to verify blockchain transactions, downloading only block headers and requesting proof of inclusion to the blockchain in the Merkle Tree.
A Merkle Tree is a tree structure in cryptography, in which every leaf node is labelled with the hash of a data block and every non-leaf node is labelled with the cryptographic hash of the labels of its child nodes.
SPVs allow light clients to determine whether a transaction has been included in BTC.
Light clients refer to wallets running on low-end systems.
Hence SPVs verify whether a transaction has been executed.
Running a full node with a Merkle Tree requires the entire blockchain to be downloaded.
This is where the role of SPV can simplify the process greatly.
This is because SPV proofs only require the Merkle root of each root to verify the authenticity of the transactions.
This means only 80 bytes per block needs to be stored in contrast to the significantly bigger size per block that is required under larger nodes.
However, there are also downsides attached to SPVs.
These relate to cyber security.
In the event of a 51% attack on a cryptocurrency, the hackers may be successful in prompting the SPV proofs into validating illegitimate transactions.
However, research is underway on how to mitigate the threat of such scenarios.
Nakamoto’s whitepaper stated Bitcoin transactions can be verified without running the full node network.
Micheal Saylor Reposted a Tweet from MarathonDH
Buy Bid Coming next week 🙌
#BTC weekly TF got it strong rejection and Monday Open came with a retracement. Currently, price on the support zone and kinda verge to break the level. Still market looks confusing at the moment, wait for the clear picture,
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