In the last hour, we dropped by 3% and are currently trading around $89,800.
Now I am waiting for a continuation of the decline to the liquidity at $89,000. This drop still does not cancel the long scenario; to change the trend, we need to consolidate below $87,600.
The asset has reached the boundary of its key support zone on the weekly timeframe.
Over the past year, this level has consistently become a turning point for the trend, accompanied by a strong rebound.
This time, it is reasonable to expect a repeat of the outcome. As long as the current support holds, one can attempt to catch a good rebound from here.
Hello everyone, here are the answers to the Word of the Day quiz. I hope you are all doing well. Don't forget to comment and like. Wishing everyone successful deals #wodl #wodt #wodlanswer #Binance
Hello everyone, here are the answers to the Word of the Day quiz. I hope you are all doing well. Don't forget to comment and like. Wishing everyone successful deals #wodl #wodt #wodlanswer #Binance
Previously, Chinese investors considered USDT and other dollar stablecoins a reliable capital protection, but the situation has changed due to the strengthening of the yuan. Holding dollars and stablecoins now leads to losses even if you are not trading anything.
$USDT is no longer a "safe haven" for the Chinese 🫡
🌐 Grayscale filed an S-1 form with the SEC for the Grayscale Sui Trust (SUI) product. After approval, the trust plans to be renamed to Grayscale Sui Trust ETF and listed on NYSE Arca under the ticker GSUI. Currently, shares of the trust are already trading on OTCQX under the same ticker.
🎯 The fund's objective is to hold SUI and reflect its price minus fees, with the possibility of staking within the trust.
🪙 Grayscale is systematically increasing its range of alt-ETFs (Solana, Zcash, Sui, etc.), trying to pull liquidity from "crypto exchanges for retail" into a format understandable to regulators of exchange products. SUI itself is an L1 blockchain with significant growth expected in 2024–2025: ATH around $5.3, TVL approaching $1.6–1.9 billion thanks to DeFi and RWA integrations.
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Is the truth beautiful? Anticipating questions - the margin is small. And what to do and how, one person taught me here🤗 thanks to him Other questions? #Tradoor
🟢🟢🟢 🇺🇸 The U.S. Treasury has just repurchased $12.5 billion of its own debt securities.
This is the largest buyback in a single day in history.
What this means for financial markets (including cryptocurrencies):
1. Influx of liquidity (More "free money")
· The Treasury pays $12.5 billion to banks and large investors for their government bonds. · This money now enters the financial system and can be invested anywhere: in stocks, corporate bonds, commodities, or cryptocurrencies.
2. Support for the bond market and pressure on yields
· Demand for bonds is rising → their price increases → yield (interest rate) decreases. · Why this is important: lower yields on government bonds make risky assets (like growth stocks and crypto) relatively more attractive.
3. Psychological signal (the most important)
· Authorities demonstrate their readiness to actively support market stability and manage debt. · This is a signal to the markets: "We are in control of the situation." Such confidence reduces "risk appetite" and can trigger a rise across the board (in all assets).
#BTC So, traders! - At the moment, we have entered the gray block, the area in which I expected the arrival of wave 4. - It is from this block that I expect a drop down. The final impulse of this correction.
- There are interesting situations in altcoins, but for now, I am not opening any positions and am holding what I have.
Will I short? I don't know yet, if there is a great setup, then I might open a short and share it in the channel!