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Price below STH cost basis prompts analysis of financial stress in different age groups. 1d-1w, 1w-1m, and 1m-3m coins show average unrealized losses, indicating unproductive consolidation. Only 3m-6m group maintains unrealized profit (avg. cost-basis $58k), marking a key price level aligned with the correction's low.
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Mt. Gox moved 44,527 $BTC(2.84B) to an internal wallet 5 minutes ago, which may be preparing for repayment.
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Here's the Analysis of #MKR :
#MKR gave a healthy breakout of the zone from the falling wedge pattern. Price already bounced from the Major support area of $2140 - $2195 so we can see previous high can be broken. On-chain activity on #MKR shows a good whale activity in it. A retest back to $2575 is expected to go any buys in.
"STH cost basis exceeds current price. Analysis of different age groups within STH cohort shows:
- 1d-1w, 1w-1m, 1m-3m: average unrealized loss
- 3m-6m: only group with unrealized profit (avg. cost basis $58k)
This indicates unproductive consolidation for traders and highlights $58k as a key price level."
#BTC gave a weekly closing below the resistance area but this week candle trying to push to the upside(Above Resistance). Daily candle closing gave decent closing above $60,000 which looks healthy. Price need to see a closing above $62,000 and we can see market continue to pump again.
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What Is a Shard Chain?
Sharding is the process of splitting a database horizontally in order to spread the load. This is a common concept in computer science.
In the world of cryptocurrencies, specifically in Ethereum, sharding can reduce the network congestion as well as increase transactions per second through the creation of new chains, which are known as shards.
To better define this, sharding refers to splitting the entire Ethereum network into multiple portions, i.e. shards. Each shard would essentially contain lots of its own independent states, and this means that a unique set of account balances as well as smart contracts are in it. Sharding is the most complex solution out there implemented within Ethereum.
Keep in mind that the information which is stored within a shard can still be shared across other nodes, and this keeps the ledger itself decentralized as well as secure due to the fact that everyone can still see all of the ledger entries. The shards simply do not process or store all of the information.
In other words, sharding can be a good way to scale if you want to keep things decentralized as an alternative to scaling up through increasing the size of the existing database. This would make Ethereum a lot less accessible for network validators due to the fact that they would need far more powerful as well as expensive computers. With shard chains, a validator only needs to store the prime or run data for the shard they are validating, and not the entire network. This can in turn speed things up drastically and reduce hardware requirements.
Read About Sharding Here
#BITCOIN WEEKLY TF UPDATE :
#BITCOIN on Weekly TF, retracing to the upside and now price slides over the $60,000 area now and closing is still pending. Price still moving below the resistance and bearish market structure too. Eyes on the $61,500 - $62,250 area as closes above will give early sign of bullishness.
Examining the Short-Term Holder (STH) cohort's cost basis and the levels ±1 standard deviation from it. This shows where these price-sensitive holders might react:
- 🔴 Significant unrealized profit indicates an overheated market at $92k.
- 🟠 The break-even level is $64k, with the spot price currently below but trying to reclaim it.
- 🔵 Significant unrealized loss indicates an oversold market at $50k, aligning with the True Market Mean as a bull market break-point.
Only 7% of trading days have recorded prices below the -1SD band, making it relatively rare.
#BITCOIN DAILY TF UPDATE :
#BITCOIN on Daily TF, broke the support and now retesting the resistance as the bearish market structure do. Price rejecting the resistance is not a good scenario to expect. Next week we might see a breakout of the resistance or forming a lower low.
Here's the Analysis of #ICP :
#ICP is been making lower lows and flipped below the major area of $7.19 - $7.34. Currently, price moving back and forth of the zone and nothing good for buys. Shorting looks good nearly at $7.88. Buys only after $8.00.
If we look at the ratio between the unrealized profit/loss per coin, we can see that the magnitude of paper gains held is 8.2x larger than paper losses. Only 18% of trading days have recorded a larger relative value, all of which are within Euphoric bull market regimes.
It could be argued that the March ATH set following the approval of the ETFs had several characteristics which are coincident with historical bull market peaks.
#VET broke the resistance area making the bullish market structure intact and potentially move higher, if market remain consolidating or moves up.
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Here's the Analysis of #BETA :
#BETA is been dropping after the triangle pattern formation and might reach the major support zone of $0.055 - $0.057. Price already broke the resistance around $0.063 - $0.064 which can be used a retest point before dropping. Not enough range so wait for the support.
The Bitcoin Fear & Greed Index is at 27, the lowest since January 2023. Back then, BTC was $18,150 and the total crypto market cap was $800 billion. Since then, BTC has surged over 300%.
Twice this cycle, a Fear & Greed Index near 30 marked the price bottom. The last time it hit 30, BTC rose from $28k in October 2023 to $74k in March 2024.
What Is Shelley Phase?
The Shelley phase of Cardano was launched in July 2020 with the release of the Shelley code. The next phase – Goguen – focuses on smart contracts.
The Shelley Phase of Cardano aims to transform the protocol into a fully decentralized blockchain. It will improve the security and scalability of the network by introducing proof-of-stake consensus, delegation, and incentives schemes. This will allow users to stake their ADA tokens and vote on transactions.
A key component of the Shelley Phase is delegation, whereby ADA holders can delegate their stake to other participants on the network who are already running nodes. Those who run nodes are called 'stake pool operators', and when they operate a stake pool, they receive rewards for processing transactions.
The release of Shelley marks the first time the platform was completely decentralized, with network participants being responsible for maintaining the network and reaping the rewards for their participation.
The launch of Shelley opened up several exciting opportunities for Cardano users, including:
Rewards - Staking your ADA on the Cardano blockchain will allow you to receive rewards in ADA. The more ADA you stake, the more rewards you could earn.
Transactions - Staking your ADA makes transactions cheaper and faster.
Pooling - Staking pools allow you to pool together with other users to increase your chances of earning rewards while reducing risks.
Monitoring - The Ouroboros Praos algorithm enables real-time reporting on block production and performance.
Delegation - If you wish to generate rewards without participating directly in staking, you can delegate your ADA to another user who will stake on your behalf.
Cardano’s roadmap consists of five eras: Byron, Shelley, Goguen, Basho, and Voltaire.
Byron (2017)
Byron is the foundation era of Cardano. It started with the mainnet’s launch in 2017. Byron was named after Lord George Gordon Byron, an English Romantic Poet. This phase also included a balance check and reward system for staking pools. It was completed in February 2018.
Shelley (2019)
Shelley focused on decentralization and automation. It will include a treasury system to fund future development and support incentives for stake pool operators. Shelley was expected to be completed in 2019 but released in 2020. The Shelley era was named after Percy Shelley, an English poet.
Goguen (2020)
Goguen focuses on smart contracts and metadata standards for these contracts. It helps developers create decentralized apps on the Cardano blockchain by developing a high-assurance smart contract language called Plutus. The Goguen era is named after Joseph Goguen, a computer scientist who worked on mathematical semantics for programming languages and developed algebraic computation models, including abstract state machines.
#GOLD UPDATE:
#GOLD played perfectly and made a new Higher high and even break the drawn zone and broke the resistance too. Price did a retest back to the zone and again performed the same. Looks like price wants to get into the All-Time Highs, so wait for the further opportunities.
#BTC tapped into the resistance area with a clean closing of $64,000. You can see how resistance area working well, price got a strong rejection from the zone making strong bearish candle. Still, we can expected the price to hodl above $60,000. and move higher.
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What Is Sharding?
Sharding is a technique to partition databases that can be used to scale blockchains. It allows blockchains to process more transactions per second, also known as higher throughput. Sharding splits the blockchain network into smaller partitions. These so-called shards only process a part of the data of the entire blockchain, which makes them independent from other shards and relieves them of unnecessary computing.
Thanks to sharding, a network can compute more transactions and thus scale faster to transaction speeds known from centralized ledgers. On the other hand, critics point out that shards are liable to attacks and reduce network security.
How Does Sharding Work?
Blockchain networks are made up of nodes that validate the transactions in a network. Nodes are independent of one another and store the historical data of a blockchain. All full nodes store the entire history of a blockchain, which increases a blockchain's security and decentralization but slows down its transaction speed.
Sharding partitions the workload of nodes across different shards. In essence, not every node has to validate each transaction, which unnecessarily strains nodes and slows down the network. Instead, the work is compartmentalized across different shards. The blockchain databases are partitioned horizontally, meaning the different shards are split according to their characteristic. For instance, shards can be responsible for storing transactions of a specific type, while other shards can be divided based on the type of crypto asset they store.
The result is that not each node confirms each transaction. This drastically reduces a blockchain's workload and increases its speed.
How Secure Is Sharding?
Sharding has been criticized for potentially decreasing a blockchain's decentralization and security. Shards could be corrupted, with one shard taking over another shard, which could lead to a loss of information or data. For example, a hacking attack may take over a shard and introduce false transactions, which leads to confusion among other shards over the validity of the data.
How Does Ethereum Use Sharding?
Ethereum plans to use sharding as part of its scaling approach to increase the blockchain's throughput. The network will introduce 64 new sharded chains in the future, which will have distinct responsibilities and will greatly reduce the workload of Ethereum's mainnet, called the Beacon Chain. This process will happen as part of Ethereum's scaling that sees the switch to proof-of-stake as a consensus mechanism. This switch is dubbed the Merge. Sharding will be one of the next steps for Ethereum in its scaling roadmap.
#US30 UPDATE :
#US30 gave a breakout to the upside, and that's the reason we wait for the breakouts. #US30 printed a new All-Time High, and still pushing. Price now expected to take back a pullback 40,000 or deeper at 35,000.
Here's the Analysis of #AI :
#AI still continues to trend lower and no clear support area to the left. Price again formed the consoldiation after a break of previous one. Still, nothing much, market looks bearish, if this #BTC dumps slightly we can short.
#DXY UPDATE :
#DXY continued lower as the it closes below the support with a small retracement. We can see the impact that market pumped towards the $60,000 with that. Now its again at a same point, A rejection or a closure will lead the next week market drive, so be alert.
Here's the Analysis of #MATIC :
#MATIC is strongly bounced from the major support zone of $0.41 - $0.44 and entered into the resistance area of $0.52 - $0.53. Now, it a crucial area and it can be rejected from here or a break and close above the zone. Take the setup only after the HTF candle closing.
#FTM dropped 34% in profits and printed a new lower low. Price nearly to its next major support area of $0.34 and currently retracing. ON LTF, price forming a Bear Flag, so, kinda bearish sense for now.
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Final Batch of #bitcoins sold off from the German Govt. Wallet
Market absorbed the and CMP of #BTC is $57,900
What Is a Shard?
To understand what a shard is, we'll need to discuss sharding. Sharding is this database partitioning technique that is considered to be an option by blockchain networks and tested on Ethereum, The more users that a blockchain network gets, the slower the network becomes, and this, in turn, leads to a higher level of latency Sharding attempts to improve the network latency through splitting a blockchain network into separate shards, where each of them has their own data, and are separate from other shards.
Essentially, a shard is a portion of a blockchain network that has been split into multiple shards, which has its own data.
Sharding can be accomplished through the horizontal partitioning of databases through division into rows. Shards are conceptualized based on their characteristics, as one shard can be responsible for storing the state and transaction history of a specific address, for example. It is also possible to divide shards based on the type of digital asset which is stored within them.
Transactions that involve a digital asset can be made possible through a combination of shards. Furthermore, each shard is able to be shared among other shards, and this maintains a key aspect to the blockchain technology, which is the existence of a decentralized ledger. The ledger is still accessible to every user and allows them to view the state of all of the transactions.
When we look at Ethereum, the nodes have to be randomly assigned to a shard, and at a random time, they will get reassigned to another randomly chosen shard. This would in turn make it a lot more difficult for an attacker to end up predicting which shards their malicious node can get assigned to, and as such, a takeover is extremely difficult.
Sharding is a requirement due to the fact that it can make hosting full nodes easier. It is a common practice in computer science when it comes to scaling applications so that they can support a lot more data. When sharding is properly implemented in a blockchain such as Ethereum, each user can store just a part of the history of changes to the database, as opposed to the entire thing, which is how a blockchain works by default.
More selling in the market but its sustaining now
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#BTC formed the double top pattern inside the resistance area and dropping. Nothing much happening just broken minor support area, so just a minor pullback happening and can dump with this weekend.
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What Is Liquid Staking and Why Is It Needed?
For transactions on a blockchain to be processed, a consensus mechanism is required. The two most popular consensus mechanisms are Proof-of-Work (PoW) and Proof-of-Stake (PoS). Bitcoin uses the former, and Ethereum, Solana and BNB use the latter. Consensus mechanisms ensure network nodes (computers) agree on the blockchain state, valid transactions and block additions, without relying on a central authority.
PoW used by Bitcoin requires miners to solve complex puzzles in order to validate transactions. PoS on the other hand requires validators to “stake” some of the blockchain’s native tokens to gain the right to validate transactions. Validators verify transactions, add blocks to the blockchain, and receive rewards as a result.
A challenge, however, is that validators of the largest PoS blockchain, Ethereum, must stake a minimum of 32 ETH (worth around $52,000). This amount is not feasible for most users and makes staking on Ethereum inaccessible. Hence, platforms like Lido, Rocket Pool, and Tranchess emerged that offered users a service called “liquid staking” so that they can deposit a small amount of ETH in order to gain rewards even if they don’t hold 32 ETH.
Since staking became possible in December 2020, staked ETH has remained locked for over two years. Staked Ether was locked to ensure that the network remains decentralized and secure, even as it transitioned to a new consensus mechanism in 2022 during the Merge. However, this stands in stark contrast to other pools where users can withdraw their staked assets according to their preference. This made Ethereum staking a less-than-ideal option for investors and contributed to the rise of liquid staking to enable liquidity in Ether tokens for their holders.
#EDU rejected from the drawn support around 12% in favor but now its flipped over the resistance now and hodling. Currently price retesting the support and expected to move higher from here and reach around $0.76 resistance area.
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