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Demand for the more recent Ethereum ETFs has been relatively tepid, experiencing a net negative outflow. This is driven primarily by redemptions from the Grayscale ETHE product, which has not been counterbalanced by sufficient inflow demand across the other instruments.
On aggregate, the Ethereum ETFs have experienced a total outflow of $-13.1M. This highlights a disparity in the magnitude of demand between BTC and ETH, at least within the context of current market conditions.
#BTC still fails to see some sort of consolidation over the major support zone and we have #NFP news event today. Price is expected to drop lower towards the support zone and move up.
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The launch of Ethereum ETFs in August, following January's Bitcoin ETFs, marks a pivotal moment for cryptocurrency accessibility in US traditional markets. However, Bitcoin ETF flows have softened since August 2024, currently showing weekly outflows of $107 million. This trend suggests a changing dynamic in investor interest or market conditions for Bitcoin ETFs since their introduction.
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#BTC made a easy drop and exactly made a low of $60,000 which is tend to build up more liquidity in the market. Expected a tap into the support Major Support Zone by Friday news event.
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Here's the Analysis of #APE :
#APE is been kept on rejecting from the strong resistance area of $0.86 - $0.90 and forming a bear flag formation. Price already made below the listing price so there's no levels looking left. Look out of most recent break and take the trade.
Analysis of Bitcoin's price momentum reveals a mixed picture throughout August, marked by both positive and negative data points. This indecisive trend contrasts sharply with two previously discussed indicators, which have shown consistently negative signals over the same period. The divergence between price momentum and other market indicators suggests a complex market environment, where price action is not clearly aligning with other metrics of market activity and sentiment.
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Notice of Removal of Spot Trading Pairs - 2024-10-04
https://www.binance.com/en/support/announcement/fac9138cdf1947d4a7184990c04ab2c9
Overall, market experiencing a massive and quick correction due to War situation going on.
Prepare for the worst, we might see some more tensions happening, so accumulate the dump with as we see market consolidation in LTF.
we will look at spot trade volumes at exchange venues. Here, we apply a 90d MinMax scalar, which normalizes the value set over a range of 1 to -1 relative to the maximum and minimum values of the selected period.
From this, a similar observation can be ascertained, with spot volume momentum continuing to decay. This adds more weight to the idea that there has been a notable decline in trade activity over the last quarter.
#BTC drop as per the analysis, price reached the $63,000 and wicked lower too. We can expect some sort of retracement whole week where and we can expect last area to $60,000. Price back into consolidation and taking support too.
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Stagflation in History
When the US was hit by inflation during a recession in the 1970s, the word "stagflation" was coined. Some believe that this incident was caused by the Nixon administration's policies, which strongly urged the Federal Reserve to raise the money supply in tandem with the White House's policy of wage and price controls.
At first, the approach appeared to be a good idea, but an unexpected rise in oil prices severely damaged almost all supply chains. These elements came together to cause double-digit inflation in 1973 and 1974 as well as an almost twofold increase in the unemployment rate. Consequently, consumer spending decreased sharply.
Strategies to Survive During Times of Stagflation
Prepare for the worst! Since stagflation can happen at any time and for a variety of reasons, it is important to prepare for it even when the economy is doing well. During times of economic prosperity, it is common for people to spend more. However, during times of stagflation, people tend to cut back on spending. Therefore, it is wise to invest in savings plans during economic prosperity to fight such gray swan events.
#US30 UPDATE :
#US30 failed to have a clean retest and made a new All-Time Highs. This week might do the retracement and or form a new support to see some sort of rejection to make new ATH.
#ETH ANALYSIS :
#ETH flipped into the resistance area of $2530 and moved up after the retest. The next Good Resistance area of $2762 - $2792 is where price can head towards.
Centralized exchanges remain key for cryptocurrency speculation and price discovery. Analysis of on-chain exchange volumes provides insight into investor activity. Currently, a 30-day/365-day momentum crossover shows monthly average volumes have fallen below yearly averages for both inflows and outflows. This decline indicates reduced investor demand and less speculative trading within the current price range, suggesting a shift in market sentiment or diminished trader enthusiasm.
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#BITCOIN WEEKLY TF UPDATE :
#BITCOIN on Weekly TF, retesting the zone as resistance and its a key flip area of the market too. Price need to see some sort of strong candle close over the zone by this week or next week. We can see All Time Highs very soon.
#ORDI getting it rejection from the wedge pattern resistance line and dropping. Price is expected to reach out the support from $24.17 - $25.68. More over, if price breaks the pattern then we can expect it to move higher towards the $48.00 resistance mark.
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Here's the Analysis of #CLV :
#CLV is been moving in a large consolidation and trading nearby the major support zone of $0.029 - $0.032. Its a 65%+ trading range, so you can take advantage of it with a confirmation and tighter stops.
#CAKE fails to hold the level of support as market dumped due to news. Price retested and dropping hard now and expected to reach out the $1.52 area for longs.
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Binance System Upgrade Notice (2024-10-08)
https://www.binance.com/en/support/announcement/6e0a47fa4651498797c9be3e4e35eabe
What Is a Stale Block?
A block that was successfully mined but not included on the current longest blockchain, usually because another block at the same height was added to the chain first. A stale block can be the result of network latency and causes the network to split temporarily into two competing blockchains. Miners resolve the split by continuing to mine new blocks to the chain, considered the valid blockchain. This eventually causes other miners to follow and treat this chain as the true chain.
The stale block is part of the chain that is no longer being mined and is thus considered invalid. Moreover, the mining reward attached to the stale block is also invalid and cannot be spent. The transactions from the stale block return to the mempool and are mined in subsequent blocks.
What Causes Stale Blocks?
Bitcoin has a very low number of stale blocks per year. For example, in 2019, only two stale blocks were mined on Bitcoin, thanks to the low latency between mining pools. Latency thus has a considerable effect on the emergence of stale blocks.
Miners that mine a block broadcast it to the nodes closest to them, which pass it on to other nodes in proximity and so on. The transmission of data is not instantaneous, which opens up the possibility of another miner finding the solution to the same block at the same time.
For example, if one miner is in North America and another is in Australia, they may both find the solution to a block at the same height at the same time. Each miner broadcasts their solution to the nodes closest to them. The stale block eventually becomes apparent as miners see both blocks. The network then has to settle on a block by majority decision, with the longer blockchain being mined and the transactions from the stale block returning to the mempool.
Stale Blocks on Ethereum and Other Blockchains
Before Ethereum's switch to proof-of-stake, stale blocks were also possible on Ethereum. They were called "uncle blocks" and miners could still earn a reward from them, albeit less than the usual mining reward. Other proof-of-work chains can also have stale blocks, which are generally more common than on Bitcoin.
#TOTAL MARKET CAP :
#TOTAL Marketcap had a good retracement back to the strong support zone as looking good so far. The only thing is Index need to hodl the support zone or had a fakeout of this, as this will lea in strong confluence to a upcoming upmove.
#BTC dropped due to global issues and goes near at $60,000. Price trying to recover and can easily do it if there's no more negative statement come out in the market.
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Here's the Analysis of #ETHFI :
#ETHFI dropping hard towards its listing price and rejected hard from the strong resistance area of $$1.71 - $1.80. Overall, price dropping hard due to market conditions and expected a upmove from here.
#GOLD UPDATE :
#GOLD retracing back after printing the All Time Highs and now expected a deeper pullback towards the mentioned pullback area.
Here's the Analysis of #ICP :
#ICP is been gone into a large consoldiation and moving up with the trendline supporting it. Price is been retesting the structural support area of around $9.00 and expected to move towards the major resistance area of $10.50 - $10.95.
Centralized exchanges remain crucial for crypto speculation and price discovery. Analysis of exchange-related on-chain volumes shows monthly averages falling below yearly averages, based on a 30-day/365-day momentum crossover. This indicates decreased investor demand and less speculative trading within current price ranges, suggesting a shift in market sentiment or reduced trader activity.
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#BTC had a very decent weekly closing and but Daily and Weekly both failed to close above the strong resistance. H4 also got some clean rejections and driving price lower. This week price might have retracements towards $63,000 and lower.
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What Is Stagflation?
Stagflation is a period when the economy experiences high inflation, low growth and high unemployment at the same time. It is often seen as a sign of an economy going into a recession. However, the three indicators should not be looked at separately. Rather, they should be evaluated together to get a more accurate idea of the health of the economy. Stagflation is a very rare economic event, as it is difficult for two of the three indicators to occur simultaneously.
What Causes Stagflation ?
The causes of stagflation are complex, but over-regulation of the economy, an increase in taxes, and a rise in interest rates can contribute to it. When demand is low, businesses lower production and decrease the number of employees. This can lead to high inflation and unemployment. When interest rates are high, it becomes more expensive for businesses and people to borrow money. It can prevent growth as well. During a period of stagflation, the government may intervene and increase taxes in order to increase revenue. This will reduce the amount of money businesses and people have to spend (purchasing power), leading to slower growth.
How to Know If an Economy is Facing Stagflation ?
In order to determine if the economy is experiencing stagflation, one must look at three indicators: GDP, inflation and unemployment. GDP refers to the rate at which the economy is growing. If the GDP is stagnant or dropping, the economy is experiencing stagnation. Inflation is an increase in the price of goods and services. Unemployment refers to the number of people who are actively seeking work but cannot find employment. If the unemployment rate is rising, the economy is experiencing high unemployment. All these metrics collectively indicate stagflation.
#DXY UPDATE :
#DXY performed the same and also #Bitcoin hits the $65,000 level. With that, #DXY started further consolidating and trying to move lower. Weekly closing looks solid, we we can expect some sort of retest and further lower moves, market will rally higher.
Here's the Analysis of #CAKE :
#CAKE is been forming a Inverse Head & shoulder pattern and market kinda going into a reversal. Price retesting the zone as strong support zone of $2.06 - $2.11. Price is expected to take next leg towards the next major resistance area of $2.52 - $2.59, so take the setup accordingly.