Binance Square

tresureFun

1,160 views
8 Discussing
Juyel-Mahatpure
--
Bearish
Based on the provided chart of TUFT, here's an analysis:#treasernft #TUFTšŸ”„ $BNB {spot}(BNBUSDT) #tresurefun #Tufttoken Current Price and Trend: * The current price is $0.00042102. * The chart shows a significant downward trend after a sharp peak around July 25, 2025, where the price reached approximately $0.00073101. It has since fallen considerably. * The price is currently below both the MA(7) ($0.00047988) and MA(25) ($0.00045339), indicating a bearish short-term and medium-term trend. Moving Averages (MA): * MA(7) is $0.00047988. * MA(25) is $0.00045339. * The MA(7) is currently below the MA(25), which is another bearish crossover signal, suggesting continued downward momentum. Volume: * The volume on July 25, 2025, during the peak and subsequent drop, was significantly higher than the preceding days, indicating strong selling pressure. * Current volume appears to be much lower (Vol: 93 mentioned at the bottom left), suggesting reduced trading activity as the price consolidates at a lower level. Market Cap & Liquidity: * Market Cap (MCap) on BSC: $4.21M * 24h Volume: $6.42K * Liquidity: $109.26K * Holders: 1.34M. This is a significant number of holders for a relatively small market cap project, which could indicate wide distribution, but also potentially a lot of small, retail holders. Potential Support/Resistance: * The previous low around $0.00025040 (seen on July 15, 2025) could act as a potential support level if the downward trend continues. * The recent peak around $0.00073101 will act as a strong resistance level. * The current MA lines will also act as dynamic resistance. In summary, TUFT is currently in a strong downtrend after a sharp price increase and subsequent correction. The technical indicators suggest a bearish outlook in the short to medium term. Investors should exercise caution.
Based on the provided chart of TUFT, here's an analysis:#treasernft #TUFTšŸ”„ $BNB
#tresurefun #Tufttoken
Current Price and Trend:
* The current price is $0.00042102.
* The chart shows a significant downward trend after a sharp peak around July 25, 2025, where the price reached approximately $0.00073101. It has since fallen considerably.
* The price is currently below both the MA(7) ($0.00047988) and MA(25) ($0.00045339), indicating a bearish short-term and medium-term trend.
Moving Averages (MA):
* MA(7) is $0.00047988.
* MA(25) is $0.00045339.
* The MA(7) is currently below the MA(25), which is another bearish crossover signal, suggesting continued downward momentum.
Volume:
* The volume on July 25, 2025, during the peak and subsequent drop, was significantly higher than the preceding days, indicating strong selling pressure.
* Current volume appears to be much lower (Vol: 93 mentioned at the bottom left), suggesting reduced trading activity as the price consolidates at a lower level.
Market Cap & Liquidity:
* Market Cap (MCap) on BSC: $4.21M
* 24h Volume: $6.42K
* Liquidity: $109.26K
* Holders: 1.34M. This is a significant number of holders for a relatively small market cap project, which could indicate wide distribution, but also potentially a lot of small, retail holders.
Potential Support/Resistance:
* The previous low around $0.00025040 (seen on July 15, 2025) could act as a potential support level if the downward trend continues.
* The recent peak around $0.00073101 will act as a strong resistance level.
* The current MA lines will also act as dynamic resistance.
In summary, TUFT is currently in a strong downtrend after a sharp price increase and subsequent correction. The technical indicators suggest a bearish outlook in the short to medium term. Investors should exercise caution.
BitMine Amasses $3 Billion Ethereum Treasury in Bold New Strategy Key Takeaways: BitMine has acquiredĀ 833,000 ETH ($3.03B)Ā in just 35 days Aims to controlĀ 5% of ETH's circulating supplyĀ (~6M ETH) Strategy led by Fundstrat'sĀ Tom Lee, now BitMine Chairman Company combinesĀ mining proceeds + capital raisesĀ to fund purchases BitMine's Aggressive Ethereum Accumulation Crypto investment firmĀ BitMineĀ has executed one of the most aggressive treasury strategies in digital asset history, accumulating: šŸ’°Ā 833,000 ETHĀ (worth $3.03B) ā±Ā From zero to $3B in just 35 days šŸŽÆĀ Targeting 5% of all circulating ETHĀ (6M coins) "We've achieved the 'alchemy of 5%' velocity unmatched in crypto treasuries,"Ā saidĀ Tom Lee, BitMine Chairman and Fundstrat co-founder. The Strategy Behind the Move BitMine operates as aĀ Bitcoin/Ethereum network companyĀ with a unique model: 1ļøāƒ£Ā Mining Operations Facilities inĀ Texas (Pecos/Silverton)Ā andĀ Trinidad BTC mining profits help fund ETH purchases 2ļøāƒ£Ā Capital Raises Public company status enables stock offerings Focus onĀ high liquidity shares "We're separating ourselves by both speed of accumulation and shareholder value creation,"Ā Lee noted. Market Impact & ETH Price Action The massive accumulation comes as: šŸ“ˆĀ ETH price: $3,641 (+4.02% in 24hrs) šŸ”Ā Circulating supply: ~120.7M ETH šŸ¦Ā Comparable treasuries: No other entity holds this much ETH Analysts suggest this could: āœ… Create new ETH demand pressure āœ… Validate institutional accumulation strategies āœ… Potentially reduce liquid supply What's Next? All eyes will be on whether BitMine can: šŸ”¹ Hit itsĀ 6M ETH target šŸ”¹ MaintainĀ purchase velocity šŸ”¹ InfluenceĀ ETH's market dynamics Posted: August 4, 2025 | Source: The Daily Hodl Why This Matters: This marks one of the most significantĀ institutional ETH accumulation playsĀ to date, potentially creating a new model for crypto treasury strategies. The sheer scale could have lasting impacts on ETH's market structure. #ETH #Mining #btcmining #tresurefun #BITMINING
BitMine Amasses $3 Billion Ethereum Treasury in Bold New Strategy
Key Takeaways:
BitMine has acquiredĀ 833,000 ETH ($3.03B)Ā in just 35 days
Aims to controlĀ 5% of ETH's circulating supplyĀ (~6M ETH)
Strategy led by Fundstrat'sĀ Tom Lee, now BitMine Chairman
Company combinesĀ mining proceeds + capital raisesĀ to fund purchases
BitMine's Aggressive Ethereum Accumulation
Crypto investment firmĀ BitMineĀ has executed one of the most aggressive treasury strategies in digital asset history, accumulating:
šŸ’°Ā 833,000 ETHĀ (worth $3.03B)
ā±Ā From zero to $3B in just 35 days
šŸŽÆĀ Targeting 5% of all circulating ETHĀ (6M coins)
"We've achieved the 'alchemy of 5%' velocity unmatched in crypto treasuries,"Ā saidĀ Tom Lee, BitMine Chairman and Fundstrat co-founder.
The Strategy Behind the Move
BitMine operates as aĀ Bitcoin/Ethereum network companyĀ with a unique model:
1ļøāƒ£Ā Mining Operations
Facilities inĀ Texas (Pecos/Silverton)Ā andĀ Trinidad
BTC mining profits help fund ETH purchases
2ļøāƒ£Ā Capital Raises
Public company status enables stock offerings
Focus onĀ high liquidity shares
"We're separating ourselves by both speed of accumulation and shareholder value creation,"Ā Lee noted.
Market Impact & ETH Price Action
The massive accumulation comes as:
šŸ“ˆĀ ETH price: $3,641 (+4.02% in 24hrs)
šŸ”Ā Circulating supply: ~120.7M ETH
šŸ¦Ā Comparable treasuries: No other entity holds this much ETH
Analysts suggest this could:
āœ… Create new ETH demand pressure
āœ… Validate institutional accumulation strategies
āœ… Potentially reduce liquid supply
What's Next?
All eyes will be on whether BitMine can:
šŸ”¹ Hit itsĀ 6M ETH target
šŸ”¹ MaintainĀ purchase velocity
šŸ”¹ InfluenceĀ ETH's market dynamics
Posted: August 4, 2025 | Source: The Daily Hodl
Why This Matters:
This marks one of the most significantĀ institutional ETH accumulation playsĀ to date, potentially creating a new model for crypto treasury strategies. The sheer scale could have lasting impacts on ETH's market structure.
#ETH #Mining #btcmining #tresurefun #BITMINING
Login to explore more contents
Explore the latest crypto news
āš”ļø Be a part of the latests discussions in crypto
šŸ’¬ Interact with your favorite creators
šŸ‘ Enjoy content that interests you
Email / Phone number