Booolishhhh: ETH flips Mastercard to become the 22nd largest | Crypto PM on Binance Square

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Booolishhhh: ETH flips Mastercard to become the 22nd largest asset by Market Cap. 🔥

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$LAYER Down 2.48% in 24h, extending a 7.88% weekly decline. Key factors: Token Unlock Pressure – $17.44M LAYER entered circulation this week, increasing sell-side risk. Technical Weakness – Price below critical moving averages ($0.57–$0.62) signals bearish momentum. Altcoin Sentiment – Neutral market-wide risk appetite (Altcoin Season Index: 46/100) limits recovery. Deep Dive 1. Token Unlock Impact (Bearish) Overview: A $17.44M LAYER token unlock occurred this week , part of a broader $653M crypto unlock wave. Unlocks historically correlate with price dips due to increased circulating supply and potential profit-taking. What this means: Newly unlocked tokens (≈3% of LAYER’s $159M market cap) dilute holder value. This follows a May 2025 unlock that preceded a 64% price drop from $3.35 to $1.2, setting a bearish precedent. What to look out for: Exchange inflow spikes or whale wallet movements signaling sell-offs. 2. Technical Breakdown (Bearish) Overview: LAYER trades at $0.563, below its 7-day SMA ($0.573) and 30-day SMA ($0.619). The RSI-14 (43.01) shows oversold conditions but lacks bullish reversal signals. What this means: The MACD histogram (-0.0014) confirms bearish momentum. A sustained break below the 23.6% Fibonacci retracement ($0.679) suggests traders are defending lower support zones. 3. Market-Wide Risk Aversion (Mixed) Overview: Crypto fear/greed sits at 53/100 (neutral), with Bitcoin dominance rising to 57.55% as capital rotates away from alts. What this means: LAYER underperformed the broader crypto market (-2.48% vs. -0.41% total market cap) due to its lower liquidity (turnover ratio: 0.166 vs. market average 0.33). Conclusion Solayer’s drop reflects project-specific dilution from token unlocks and weak technicals, amplified by cautious altcoin sentiment. Key watch: Can LAYER hold the $0.534 Fibonacci swing low, or will supply overhang trigger a retest of May 2025’s $0.6 support? @Solayer #BuiltonSolayer $LAYER

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$PROVE Dumped 4.53% in the past 24h, extending a 20.31% weekly decline despite a 17.64% 30-day gain. Key drivers: Airdrop sell-offs – 15M PROVE tokens unlocked via Binance’s HODLer Airdrop triggered profit-taking. Altcoin weakness – Bitcoin dominance rose to 57.6%, dampening risk appetite for smaller caps. Technical breakdown – Price fell below critical support levels, signaling bearish momentum. Deep Dive 1. Post-Airdrop Selling Pressure (Bearish Impact) Overview: PROVE’s Binance HODLer Airdrop distributed 15M tokens (1.5% of supply) on August 5. Recipients began selling rewards, increasing sell-side pressure. What this means: Airdrop unlocks often lead to short-term volatility as recipients secure profits. PROVE’s circulating supply surged to 195M tokens at launch, creating an imbalance between new liquidity and demand. What to look out for: Exchange inflow data and remaining unclaimed airdrop tokens (31.15M PROVE as of August 11). 2. Broader Altcoin Weakness (Bearish Impact) Overview: Bitcoin dominance rose to 57.6% in the past week, while the Altcoin Season Index fell 8% to 46/100. What this means: Capital rotated from altcoins to Bitcoin amid neutral market sentiment (Fear & Greed Index: 53). PROVE, as a newer token, faced amplified volatility in this risk-off environment. 3. Technical Breakdown (Bearish Impact) Overview: PROVE broke below its 7-day SMA ($1.18) and pivot point ($1.14), with RSI-7 at 44.43 (neutral but weakening). What this means: The $1.10–$1.15 zone now acts as critical support. A sustained drop below $1.10 could signal further downside, while reclaiming $1.19 might stabilize prices. Conclusion PROVE’s dip reflects a mix of airdrop-driven selling, altcoin sector weakness, and technical breakdowns. While the project’s long-term fundamentals (ZK infrastructure, $4B secured TVL) remain intact, short-term risks persist. Key watch: Can PROVE hold the $1.10 support level amid ongoing airdrop distributions and Bitcoin’s market dominance trends?

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⚠️ Notcoin Drops 6.2% in 24h The tap-to-earn favorite faces increasing pressure 🚨 🔻 Broke below $0.002 → technical weakness. 😮 Social-Fi fatigue → momentum fading after $HMSTR’s crash. 📉 Altcoin liquidity crunch → Bitcoin dominance (57.6%) weighing on speculative alts. 📊 Next levels: Hold above $0.00182 = possible rebound. Drop below = risk of $0.00175 test. 💬 Do you think Notcoin’s community (2.8M holders) can keep it afloat, or is this a long-term downtrend? @The Notcoin Official #Notcoin $NOT

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⚠️ $KAVA Under Pressure In the last 24h, KAVA dropped 3.37%, underperforming the market. 🔻 Technicals: Broke below 30-day SMA, RSI nearing oversold, MACD negative. 📉 Sector: Altcoins under pressure as Bitcoin dominance rises. 💤 Volume: Trading activity fell 59%, weakening support. 📊 Next Moves: Hold above $0.376 = possible stabilization. Break below $0.359 = likely further downside. 💬 Do you think KAVA will bounce back soon, or is bearish momentum here to stay? @kava #KavaBNBChainSummer $KAVA

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Over the last week ~108,000 ETH has been transferred to CEX, with 119,300 ETH withdrawn from Coinbase Pro (over the last 30 days >940k ETH)

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