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The weakening in open interest and declining perpetual futures funding rates signal growing bearish sentiment and leveraged position unwinding, especially in riskier assets. While Bitcoin and Ethereum maintain slightly positive funding rates due to their deeper liquidity, Solana rates have turned negative in recent weeks. Memecoin funding rates have become very negative, showing shorts now dominate these speculative assets as traders close positions or face liquidation. These negative rates for Solana and Memecoins indicate a bearish shift in higher-risk assets and the unwinding of excessive long leverage.
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#BTC slowly rose towards the next resistance around $90,000 and kinda rejecting. Price now in a new range, and Daily need to sustain, $89,000 to remain bullish.
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This market-wide pullback suggests we're witnessing a typical consolidation phase after the aggressive bull run. While the declines are significant, the pattern is not unusual in cryptocurrency markets. Bitcoin and larger cap cryptocurrencies are showing more resilience compared to more speculative assets like meme coins, which have experienced steeper corrections. The market appears to be resetting and potentially preparing for the next potential upward movement, with investors likely reassessing their positions and risk tolerances.
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#DXY UPDATE :
#DXY going perfectly as per the plan and nearly reached the support area of 104.87% - 105.20%. Once the support reached, we can expect some sort of reaction from there where it cloud lead the strong dump in market prices again.
There's Tough Trade War Established between the Global Politics.
Market gonna shake too much, and don't over leverage you positions and Stay Strong...
#GOLD UPDATE :
#GOLD dropped more the further, more than the expected and now retracing. Market is like more prone to bearish now, and can move lower with the retracement. Not so clear so go with the confirmations.
Here's the Analysis of #VANA :
#VANA kept on driving lower low and now rejected from the Strong Resistance Area of $9.19 - $9.51. Price dropping hard and there's no sense to buy in-between. Shorting looks better in case of price close below the support around $5.70 area
During bull markets, long-term Bitcoin investors usually stay profitable while new investors (short-term holders) take most of the losses during dips. This week, short-term holders realized about $520 million in losses, similar to other pullbacks in this cycle. Long-term holders only start taking losses when a bull market turns into a bear market, which isn't happening yet. This pattern suggests we're still in a normal bull market correction.
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Market Playing from a Liquidation to another Liquidation with these drastic pump and dumps
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#Bitcoin, had a unrealistic Weekly candle close, with going huge down-move and up-move. Weekly candle closed over the support zone (Attached a Small Image), With that, H4 candle going strong close as well and on a support right now, we can expect some strong move higher from here.
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Despite relatively flat Bitcoin prices this week, investors locked in significant losses during the choppy market conditions. Around $520 million in losses were realized as prices dipped to $93,000, making this one of the largest capitulation events of the current bull market cycle.
This represents a meaningful flush-out of weaker hands within the broader context of Bitcoin's ongoing uptrend. The only larger one-day loss in this cycle was during the yen-carry trade unwinding on August 5, 2023, which saw $1.3 billion in realized losses.
#BITCOIN WEEKLY TF UPDATE :
#BITCOIN on WEEKLY TF, gave a indecision candle and made a very sharp expansion to the downside, almost touching the previous market structure point. Well, the aggressive sells might come will continuation or turn it into a retracement.
What Is a Wash Trade?
In a wash trade, a trader buys and sells an asset for no obvious reason other than feeding the market misleading information. It can occur between colluding parties, which execute opposite ends of a trade for their own gain. This form of trading can also mislead investors by making trading volumes appear much higher than they are in reality.
Wash trading in crypto has been most common in the NFT space and in altcoins with a low market capitalization. These assets have low liquidity and lend themselves to manipulation like pump and dump schemes. Parties engaged in wash trading make the assets appear more liquid and sought-after than they are in reality, which can trick unsuspecting investors into buying and pushing up the price.
Since cryptocurrencies are traded across different exchanges and don't have a standardized framework to calculate trading volumes, wash trading is easy to disguise. Crypto firms and exchanges can, therefore, come up with different trading volumes and statistics, like all-time highs. Furthermore, malicious actors may use wash trading on some exchanges to spoof the price on other exchanges, thereby creating FUD in the market.
How Much of Crypto Is Wash Trading?
The precise share of wash trading in crypto markets is impossible to define since markets do not coordinate information and share no common analytical framework. Still, a 2022 study by Forbes found that more than half of all reported Bitcoin trading volume on 157 crypto exchanges can be described as wash trading.
Is Wash Trading Illegal?
Wash trading securities is illegal. According to the IRS, a wash sale is a sale that happens within 30 days of purchasing a security and generates a loss.
$5,780,000,000 worth of Bitcoin & Ethereum options expire today. 👀
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#SAND dropped with the market trend, and wat it wat tot he support, making the short around 22.5% in profits. Closing major positions here, as price already reacted from the and now we can do some relief rally.
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#DOT returned back to the support as expected and move around 10.5% in profit. Move stops to breakeven, and lets see if price can push higher.
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#ETH completed the out analysis and ever out performed that. Price even dipped, further and respected the support zone. Now its again on the support area kinda weak now and might wick further low.
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Here's the Analysis of #LDO :
#LDO dropped hard after the quick retest of the strong resistance area and nearly had a retest of the major support zone around $0.86 - $0.92. Still expecting it to have a drop lower, to the zone and can move further lower, so buys only after it market sustain over there
#BTC had a strong reaction from the support zone, H4 had a shallow close below but Daily had a strong rejection wick. Price now over the support again at $86,500. If Daily candle sustains.
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The importance of defending the STH cost basis and the MVRV 1Yr Z-Score pricing regions becomes increasingly apparent when overlaying the price traces onto the URPD volume profile. A significant volume air-pocket can be seen below these levels, where very few coins changed hands in that price range.
Additionally, the -1σ band for the STH cost basis resides at the upper bound of this volume gap, suggesting this may be a relatively sensitive area should prices fall that far.
#BTC had a huge drop, after the surge in prices, turned back price bearish, and on a support zone, rejecting it too. Price can easily break though it and can even go further lower. All depends on closing, so need to see the HTF first.
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What Is a Watchdog Organization?
A watchdog is an organization that observes, inspects, or monitors the activities of another group or an individual (such as the government, political groups, and corporations). The term refers to the act of monitoring rather than the type of organization.
Counter to the common belief that watchdog groups are essential to keeping governmental agencies in check, some watchdog groups have been criticized for becoming too closely associated with their target organizations or industries. Critics argue that such associations could compromise their ability to act as independent watchdogs.
There are several different types of watchdog organizations, including:
Consumer Watchdogs
These organizations use investigative journalism techniques to investigate corporate practices and report their findings to the public. They might also attempt to influence government policy through lobbying or other methods. Consumer watchdogs may focus on everything from food products to banking services.
Corporate Watchdogs
Organizations that monitor corporate activity and hold companies accountable for wrongdoings are typically referred to as corporate watchdogs. They have power similar to consumer watchdogs, including creating reports and making recommendations regarding corporate behavior. Some corporate watchdog groups also have the power to file lawsuits against companies they believe have engaged in corruption or human rights violations.
Government Watchdogs
Government watchdog organizations are necessary in all three branches of government (executive, legislative and judicial) to ensure transparency. The U.S. has numerous government watchdogs, including the Congressional Budget Office, Government Accountability Office, the Federal Communications Commission, and several offices within each state's legislature.
Charity Watchdogs
A charity watchdog organization may be an independent organization or affiliated with another entity or government. Charities are rated using objective standards that measure how efficiently they operate. They hold charities accountable for how they spend donations and advocate for donors to support the best-performing charities.
Advertising Watchdogs
An advertising watchdog is a company that monitors the advertising industry for questionable marketing methods and practices. The goal of an advertising watchdog is to ensure that all types of advertisements are truthful and abide by the law. They also work to protect consumers from fraudulent claims and to ensure that the public is informed about the products they purchase.
Watchdog organizations also exist at the international level; for example, Global Witness is an NGO that investigates corruption throughout the world. It analyzes natural resource agreements to ensure that they comply with fair-trade laws and publicize their findings so that companies will be pressured to honor them.
The effectiveness of a watchdog is largely determined by the resources available to it. For example, an independent watchdog typically has fewer funding sources than one connected to a corporate or government entity. The information available to an independent watchdog also tends to be less comprehensive because companies and governments have more resources at their disposal and can hide information more readily than individuals who operate independently.
Binance will delist all non-MiCA compliant stablecoin trading pairs for users in the European Economic Area (EEA) in response to updated EU regulations.
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#US30 UPDATE :
#US30 barely moved past week, and had a strong sideways market. Now, price trying to shift the structure bullish and can move further higher with a small retest.
Here's the Analysis of #DOT :
#DOT is still into the consolidation range for a long period of nearly 4 weeks and now pushing high towards the resistance point around $5.30. Well, might might turn very bullish from here and can go much higher, so look for buys from here or retest and add more after the confirmation with breakout.
#BNX holding the support zone strongly and gone into the consolidation now and its a retest, so buys look healthy enough for now again.
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Here's the Analysis of #ADA :
#ADA is been dropping hard lower towards the support zone and a flip below of the area. Its a clean downtrend forming a lower low and lower high, so can see a drop lower a closure at $0.61
#BITCOIN DAILY TF UPDATE :
#BITCOIN on Daily TF, gave a sharp close below and of the support zone and kept on dropping. Price formed a pin bar candlestick pattern. which might lead in some pullback now.
#BTC did a perfect drop with the retest of the resistance, now its going more that what we expected. $77,000 will be the great area of interest for the reversal.
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