ugursen (@ugursen) • Hey
ugursen (@ugursen) • Hey
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- Every 210,000 blocks (roughly a 4 year time period), a pre-determined reduction in issuance occurs, reducing the newly minted BTC coins by 50%. The fourth Bitcoin Halving took place over the weekend, seeing the block subsidy decline from 6.25BTC to 3.125BTC per block, or an approximate issuance of 450 BTC per day (for 144 blocks mined).
With every Halving, we can see some strong bullrun, so you know in longer vision what comes next.
- GM💜 surpriiiseee❤🐱
- Be faithful in small things because it is in them that your strength lies.💛
- #BITCOIN DAILY TF UPDATE :
#BITCOIN on Daily TF, turned market structure and saw a bit of up move too. Price is on a retracement mode from the last week and still dipping. Well, this might go deep back to $ 61,000 or a lit lower. Next week, we'll can expected some aggressive movement with the news and all, so hodl the alts strong.
- GM💜 Morning☀ 🐱
- To find fulfillment...don't exist with life - embrace it.🌿🔥
- Still market is same as yesterday, #BTC did make a dip back due to the fundamental news. Price currently, retesting zone as resistance and stuck in-between, so not expecting much this week and weekend. By next week we'll see some aggressive moves as heavy volatile news popping up.
- To find fulfillment...don't exist with life - embrace it.🌿💚☀
- Despite significant profit-taking by existing holders, the magnitude of pullbacks remains historically small. Compared to previous ATH breaks, the current Euphoria phase is relatively young. Past phases have experienced numerous drawdowns exceeding -10%, with many surpassing 25%. However, the current market has only seen two corrections of around 10% or more since breaking the ATH.
- #BTC goes well with the anticipation, as move was too corrective and dumped strongly and broke the support area too. Now, again the bearish scenario kick in as i already said, directional bias to not clear, so wait for the clear indication.
- The more you dream the more you achieve.🌿
- We can see a common pattern in this tool in the prior cycle, where an initial Pre-Euphoria rally tests the upper band and puts a super-majority of coins into profit. After a period of correction and consolidation, the market finally rallies up to and through the prior ATH, driving the oscillator well above 95% in profit status.
- #BTC haven't moved alot from the level and just reacted from the support but failed to break the Higher High. The price is very corrective and that might be a problem that will be followed by a strong dump/ manipulative move. Daily TF, closed above the rejected the zone too, so there's ton of uncertainty to have the directional bias.
- GM💜 morning☀
Have a great day🧡
- Increased miner #outflow occurs around halving events in the cryptocurrency market, such as those in July 2016 and May 2020 for #Bitcoin. Miners sell more of their mined cryptocurrencies to cover costs ahead of #halving, where mining rewards are reduced by half. This selling pressure by miners contributes to downward pressure on prices before halving events.
n this cycle, we can see that the outflow rate soared sharply in January 2024. This is because miners moved a large amount of their holdings to the #ETF with the approval of the #BTC #ETF.
- #BTC made a clean break with the Daily Candle close and obviously H4 Too. Price now returning back to the support zone for a retest and anticipated to push higher rom here. Plenty, of on chain action activity going on showing market absorbing the pressure.
- I bid 55578 Phaver Points in the Week 3 Phaver-Up Auction
- GM💜Morning🌞✨
- The Halving event, the transaction fees for #Bitcoin reached an all-time high, totaling over $ 80M.
Currently, miners are extremely overpaid.⛏
This increase in fees can be attributed to the reduction in block rewards for miners, which has led to increased competition and higher fees required to have transactions validated promptly.
- #BTC in Weekly and Daily TF playing well, price tapped into the support zone kept on rising with a Inverse Head and Shoulder Pattern. Currently, #BTC breaking the resistance area, where candle close is still pending yet. A complete breakout will increase the probability of reaching the $ 70,000 mark again.
- GM💜 morning☀
Have a beautiful new week🌿 💚
- By mid-March, the spot volume delta reached +$ 143.6M, which is slightly lower than the peak in February 2021 ($ 145.2M) but indicates a major shift towards a net buy-side bias. Notably, most of 2023 experienced a net sell-side bias in spot markets despite the fact that markets had minimal pullbacks, and steadily climbed higher.
- #TOTAL2 MARKET CAP UPDATE :
#TOTAL2 Cap tried to made the Inverse Head & Shoulder Pattern, and melted down after the consolidation. The support zone around $ 940B - $ 956B, where price is hodling the support. The structural resistance is at $ 1.0T Mark and a break of the resistance will lead in alts rally.
- GM 💜Good morning Frens ☀
- The new US Spot #ETFs have become a dominant force in the market. These new instruments introduced a significant source of new demand into the market, more than offsetting the daily issuance, as well as sell-side pressure from #GBTC and existing holders.
Comparing spot trade volumes 🟧 and ETF trade volumes 🟦, there is strong correlation between these markets, with ETFs trading around 30% of the size of global spot markets. We can also see the seasonality impact of weekends, where ETF markets are closed, and spot trade volumes are notably lower.@
- Have a enjoy time❤
- #BITCOIN DAILY TF UPDATE :
#BITCOIN on Daily TF,goes all the way down towards the $ 60,000 level of support and even wicked below it. Price kept on testing the support area and rejecting multiple times. Now, focusing on the Market structural shift in Daily TF, to turn the price bullish, and H4 is already into play.
- GM💜 morning☀
Have a beautiful weekend🌿❤
- We can see a positive momentum signal to what has been in play since July 2023, suggesting the flow of coins in and out of exchanges is also heightened. The monthly average of total Exchange Flows (inflows plus outflows) is currently at $ 8.19B per day, significantly higher than the peak in the 2020-2021 bull market.
Overall, Bitcoin’s YTD price action is supported by a significant uptick in spot trade volume, and exchange flows onchain.
- #BTC made a quick dump as soon as the news came out over Israel will attack Iran. Price Nearly enters the support but we can see a quick recovery too. It shows the market optimism but still we caught up in a range, so waiting for a break would be better.
- GM💜 morning☀
Happy Friday 🌿🪻
- As Long-Term Holder (LTH) realized profits rise, their sell-side risk ratio has also increased, especially since October 2023. This trend aligns closely with previous all-time high breaks, indicating that distribution pressure and profit-taking by LTHs mirror past cycles. In summary, the current market behavior suggests a familiar pattern of LTHs managing profits and risks, similar to historical trends.
- #TOTAL MARKETCAP ANALYSIS :
#TOTAL MARKETCAP turned bearish with the structure and we can all see the reaction in the market too. Index Kept on driving lower towards the support zone of $ 2.07T -$ 2.17T. Now, this support needs to hodl properly as if broken then can see some clean moves down towards the $BTC reaching $ 54,000 - $ 55,000. Just tighten the stops and wait for the movement.
- #BTC goes with the dip down back to the support zone as expected, and made a wickfill. Price bounced from there but still maintaining the bearish market structure. Well, its still a worth to watch the price action and also a good area to re-accumulate.
- GM💜 morning☀
Have a great day💚
- #BTC.D UPDATE :
We saw a breakout of the resistance area and alts tighten up the positions as expected. With that, #BTC also dumped due to major fundamental events, now market is slowing down a bit and alts trying to recover a bit. Now, we still have room for a tiny bit of correction, before started moving up.
- #Bitcoin again dipped and moved back and forth just above the support zone. On HTF, price still going on with the consolidation and expecting nothing unless a break of the resistance around $ 65,000 or support happens.
- GM 💜morning☀
Have a beautiful day 💛
- we can see their Realized Profit / Loss Ratio has gone exponential and vertical. By definition, this is a result of there being no LTHs in Loss when the market has only recently broken above the last cycles ATH. This is further fueled by the aforementioned uptick in LTH profit taking.
- I bid 52052 Phaver Points in the Week 2 Phaver-Up Auction
- #BTC made retest back to the resistance area, and falling lower as expected. Price did gave a fakeout which added some confluence to the lower push. Now, a wick-fill is expected and retest to $ 60,000. a Liquidity grab is expected below $ 60,000 mark and tap-in support at $ 59,550.
- GM💜 morning☀
Have a beautiful day❤
- Algo ❤🐱
- We can also see that STH Realized losses spike during dips as local top buyers panic spend on expectations the market may go lower. The magnitude of realized loss is also increasing for each successive correction, which suggests a growth in the volume and size of top buyers for each leg higher.
- #BTC broke the range to the down and we say the HTF direction says the same. Price trending lower and broke all the support and made a rejection, nearly from the $ 60,000 area, which act as support. Currently, price retesting the zone, as better watch out the market due to volatility. A breakout is needed to see some sort of strcutural shift.
- GM💜 morning☀
Happy new week🌿💚
- we can see Realized Profit / Loss Ratio has gone exponential and vertical. By definition, this is a result of there being no LTHs in Loss when the market has only recently broken above the last cycles ATH. This is further fuelled by the aformentioned uptick in LTH profit taking.
- Another Day and Nearly $ 1B+ Liquidation....
Be careful getting into Futures Trades...
- #BITCOIN WEEKLY TF UPDATE :
#BITCOIN needs to push up but dumped near the closing of the week due to some fundamental news on conflict between Israel and Iran. Now Price testing the lower support zone of $ 61,500 - $ 62,250. A candle between the range, will lead in consolidation and lower breaks too. Its better to stay cool now and wait for the dust to settle down.
- GM 💜morning☀
Happy Sunday🌿 ❤