wCT
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🚀 $WCT — The Gatekeeper of DeFi Awaits! 🔐
🧙♂️ "I am wCT — the bridge between chains, the keeper of keys, the whisper in your wallet. When I rise, blockchains unite."
🔥 Expectation: Massive upside brewing
🔄 Utility: Core to multichain wallet connections
💎 Vision: Powering the next generation of Web3 apps
📍 Watch the zone — accumulation looks strong.
📊 TA + Narrative = Explosive combo loading...
⚔️ DeFi warriors, get ready. The Wallet Connect Token isn't just a coin — it's the protocol’s power in your pocket.
#wCT #DeFiNarrative #Web3Ready #altcoinseason #WalletConnect
@WalletConnect
🧙♂️ "I am wCT — the bridge between chains, the keeper of keys, the whisper in your wallet. When I rise, blockchains unite."
🔥 Expectation: Massive upside brewing
🔄 Utility: Core to multichain wallet connections
💎 Vision: Powering the next generation of Web3 apps
📍 Watch the zone — accumulation looks strong.
📊 TA + Narrative = Explosive combo loading...
⚔️ DeFi warriors, get ready. The Wallet Connect Token isn't just a coin — it's the protocol’s power in your pocket.
#wCT #DeFiNarrative #Web3Ready #altcoinseason #WalletConnect
@WalletConnect
Binance points are amazing . You can easily collect these by playing WOTD and doing checkins .
You can earn further by posting as per binance square suggested hashtags and cashtags. Once you have good amount then can convert those points into token vouchers.
This is great from the Binance . No other exchange gives such gifts to its user.
I have converted some point to token Vouchers as shown in video. Now i am planning to buy $WCT
#BTC110KToday? #Binance #Write2Earn #wct
#Write2Earn
You can earn further by posting as per binance square suggested hashtags and cashtags. Once you have good amount then can convert those points into token vouchers.
This is great from the Binance . No other exchange gives such gifts to its user.
I have converted some point to token Vouchers as shown in video. Now i am planning to buy $WCT
#BTC110KToday? #Binance #Write2Earn #wct
#Write2Earn
BREAKING: Israeli Prime Minister Benjamin Netanyahu congratulates President Trump and the U.S. on strike on Iranian nuclear sites: "His leadership today has made a pivot of history that can help lead the Middle East and beyond to a future of prosperity and peace.
#IsraelIranConflict #NetanyahuStatement #trump #mrnews #wct
Trade and buy from here
$BTC $ETH $WCT
#IsraelIranConflict #NetanyahuStatement #trump #mrnews #wct
Trade and buy from here
$BTC $ETH $WCT
🚨 Bari Opportunity WCT mein! 🚨
$200,000 WCT Token Rewards mil rahe hain sirf 5 simple tasks complete karne pe! 😱🔥
Main ne pehla task start kar diya hai — tum log kis task pe ho?
Bas relevant aur engaging posts banao aur apna reward kamao! 💰💪
Already 9400+ log shamil ho chukay hain — lekin moka abhi bhi hai!
👀 Task aur rules check karo:
CreatorPad > Ongoing > WCT
(jaise screenshot mein dikhaya gaya hai)
#wct #creatorpad #EarnWithPosts #WCTChallenge @WalletConnect
$WCT
$200,000 WCT Token Rewards mil rahe hain sirf 5 simple tasks complete karne pe! 😱🔥
Main ne pehla task start kar diya hai — tum log kis task pe ho?
Bas relevant aur engaging posts banao aur apna reward kamao! 💰💪
Already 9400+ log shamil ho chukay hain — lekin moka abhi bhi hai!
👀 Task aur rules check karo:
CreatorPad > Ongoing > WCT
(jaise screenshot mein dikhaya gaya hai)
#wct #creatorpad #EarnWithPosts #WCTChallenge @WalletConnect
$WCT
AbBhutto24:
how
🟢$WCT Just Broke Out – And It’s Not Looking Back!
Say goodbye to 0.30 – WCT smashed through it like it never existed 💥📈.
🟢 I recommend strong buy $WCT for
target 🎯 : 1.0313
You blink, and this rocket might already be halfway to the moon 🚀🌕
📊 Volume’s climbing 📈
📈 Trend is flipping ultra-bullish
🧠 Smart money is already in — are you?
What looked like resistance is now support, and the price action is screaming continuation. This is the move traders wait for — and the setup couldn’t be cleaner 💎
💼 Don’t let FOMO haunt you when WCT’s trading above1.
📉 Waiting for a dip? This might *be* the dip.
⚠️ Next stop: $1.0313 — but only if you act before the crowd piles in.
#BinanceAlphaAlert #MarketRebound #wct
#altsesaon #altcoins
Say goodbye to 0.30 – WCT smashed through it like it never existed 💥📈.
🟢 I recommend strong buy $WCT for
target 🎯 : 1.0313
You blink, and this rocket might already be halfway to the moon 🚀🌕
📊 Volume’s climbing 📈
📈 Trend is flipping ultra-bullish
🧠 Smart money is already in — are you?
What looked like resistance is now support, and the price action is screaming continuation. This is the move traders wait for — and the setup couldn’t be cleaner 💎
💼 Don’t let FOMO haunt you when WCT’s trading above1.
📉 Waiting for a dip? This might *be* the dip.
⚠️ Next stop: $1.0313 — but only if you act before the crowd piles in.
#BinanceAlphaAlert #MarketRebound #wct
#altsesaon #altcoins
Merlyn Gresh p6Mt:
WCT is a token that you get for free, never invest in a free token. WCT WILL ONLY GO DOWN, IT IS REALLY USELESS.
🚨 $BTC HIT 107K — Just like we predicted
But watch out: FOMO is rising, and rejection at 107–109K is possible.
Support may form at 103–104.5K if we dip.
Stay sharp, not emotional. 👀
BTC110KToday?
#BinanceSquare #Write2Earn #wct
But watch out: FOMO is rising, and rejection at 107–109K is possible.
Support may form at 103–104.5K if we dip.
Stay sharp, not emotional. 👀
BTC110KToday?
#BinanceSquare #Write2Earn #wct
URGENT URGENT !!!!
BTC MARKET UPDATE !!!!
Just like in the previous BTC update we had predicted that BTC could go up to 107/109k and now you can see it has reached there and it was also mentioned that BTC will drop from there. Still, the same scene is building in the market again, FOMO buying is happening and longers are getting active. The market can dump the rejection level will be 107/109k you can keep an eye on these levels and support can be formed around 103/104500 in the short term.
#BTC110KToday? #BinanceAlphaAlert #BinanceTGEXNY #BinanceHODLerSAHARA
BTC MARKET UPDATE !!!!
Just like in the previous BTC update we had predicted that BTC could go up to 107/109k and now you can see it has reached there and it was also mentioned that BTC will drop from there. Still, the same scene is building in the market again, FOMO buying is happening and longers are getting active. The market can dump the rejection level will be 107/109k you can keep an eye on these levels and support can be formed around 103/104500 in the short term.
#BTC110KToday? #BinanceAlphaAlert #BinanceTGEXNY #BinanceHODLerSAHARA
Trump Says Iranian Nuclear Deal Isn’t Necessary After U.S. Strikes ⏰⏰
The president pushed back on an intelligence report saying the strikes only set back Tehran’s nuclear ambitions by a few months.
#BinanceAlphaAlert
President Trump said he doesn’t think a nuclear deal with Iran is necessary after the U.S. strikes on three Iranian nuclear sites, though he added there would be talks with Tehran next week. He said the U.S. would be asking the Iranians for the same thing before Israel attacked Iran. "We want no nuclear," the president said, adding: "We destroyed the nuclear."
#wct
Speaking from the NATO summit, Trump said he believed the cease-fire between Israel and Iran would hold. The president signaled that he wouldn’t stop China from buying oil from Iran, saying Tehran needs the money “to put that country back into shape.”
$WCT
Trump also pushed back on a leaked intelligence report that said the U.S. strikes on Iran’s nuclear facilities only set back Tehran’s nuclear ambitions by a few months. Defense Secretary Pete Hegseth said the FBI has started a probe into how the preliminary assessment became public.
The Defense Intelligence Agency, which produced the classified report, on Wednesday said the report was “a preliminary, low-confidence assessment—not a final conclusion.”
#MarketRebound
Israel’s atomic agency said the U.S. and Israeli strikes together have set back Iran’s ability to develop nuclear weapons by many years, although Israel’s military and intelligence services are still investigating the extent of the damage.
$XRP
#BinanceAlphaAlert
President Trump said he doesn’t think a nuclear deal with Iran is necessary after the U.S. strikes on three Iranian nuclear sites, though he added there would be talks with Tehran next week. He said the U.S. would be asking the Iranians for the same thing before Israel attacked Iran. "We want no nuclear," the president said, adding: "We destroyed the nuclear."
#wct
Speaking from the NATO summit, Trump said he believed the cease-fire between Israel and Iran would hold. The president signaled that he wouldn’t stop China from buying oil from Iran, saying Tehran needs the money “to put that country back into shape.”
$WCT
Trump also pushed back on a leaked intelligence report that said the U.S. strikes on Iran’s nuclear facilities only set back Tehran’s nuclear ambitions by a few months. Defense Secretary Pete Hegseth said the FBI has started a probe into how the preliminary assessment became public.
The Defense Intelligence Agency, which produced the classified report, on Wednesday said the report was “a preliminary, low-confidence assessment—not a final conclusion.”
#MarketRebound
Israel’s atomic agency said the U.S. and Israeli strikes together have set back Iran’s ability to develop nuclear weapons by many years, although Israel’s military and intelligence services are still investigating the extent of the damage.
$XRP
🚨 WCT Reward Campaign Shuru! 🚨
Binance Square par sirf 5 simple tasks complete kar ke apna hissa lo $200,000 WCT pool se! 🔥
Mujhe lagta hai ke WalletConnect ($WCT ) Web3 users ke liye bohat powerful aur useful protocol hai.
Yeh secure, simple aur fast connection deta hai wallets aur dApps ke darmiyan.
Main ne use kiya hai aur kaafi smooth experience tha.
@walletconnect ka interface bhi user-friendly hai.
Aap ne try kiya?
Comments mein share karo apna feedback! 👇👇
#wct $WCT
@WalletConnect
Binance Square par sirf 5 simple tasks complete kar ke apna hissa lo $200,000 WCT pool se! 🔥
Mujhe lagta hai ke WalletConnect ($WCT ) Web3 users ke liye bohat powerful aur useful protocol hai.
Yeh secure, simple aur fast connection deta hai wallets aur dApps ke darmiyan.
Main ne use kiya hai aur kaafi smooth experience tha.
@walletconnect ka interface bhi user-friendly hai.
Aap ne try kiya?
Comments mein share karo apna feedback! 👇👇
#wct $WCT
@WalletConnect
🚀 $200,000 WCT Rewards Are Up for Grabs on Binance Square! 🟡
Ready to turn your crypto knowledge into real rewards? Binance has launched a new Write2Earn campaign where creators can share a whopping $200,000 in WCT tokens! 🎉
✅ Complete Tasks 1, 2, 3 and either 4 or 5 to qualify.
✅ Post consistently about WCT, trading insights, and crypto trends.
✅ The more relevant and engaging your posts, the bigger your reward!
🧮 Reward Formula:
(Your Posts / Total Posts) × (Your Engagement / Total Engagement) × $200,000
That means your reward depends on how much you post and how well your content performs. 📈
🔥 Pro Tips:
🔹 Use strong visuals and headlines
🔹 Engage with comments & reposts
🔹 Share educational or trending WCT content
💼 This is your chance to grow your profile and earn real crypto just by doing what you love — writing!
📢 Let the world hear your voice on Binance Square. Start now and claim your share of the $200K prize pool! 🏆
#Binance #WCT #CryptoRewards #WriteToEarn #BinanceSquare #Campaign #EngageAndEarn
Ready to turn your crypto knowledge into real rewards? Binance has launched a new Write2Earn campaign where creators can share a whopping $200,000 in WCT tokens! 🎉
✅ Complete Tasks 1, 2, 3 and either 4 or 5 to qualify.
✅ Post consistently about WCT, trading insights, and crypto trends.
✅ The more relevant and engaging your posts, the bigger your reward!
🧮 Reward Formula:
(Your Posts / Total Posts) × (Your Engagement / Total Engagement) × $200,000
That means your reward depends on how much you post and how well your content performs. 📈
🔥 Pro Tips:
🔹 Use strong visuals and headlines
🔹 Engage with comments & reposts
🔹 Share educational or trending WCT content
💼 This is your chance to grow your profile and earn real crypto just by doing what you love — writing!
📢 Let the world hear your voice on Binance Square. Start now and claim your share of the $200K prize pool! 🏆
#Binance #WCT #CryptoRewards #WriteToEarn #BinanceSquare #Campaign #EngageAndEarn
📊 $WCT /USDT – Dual Trade Opportunity Setup 🚀
🕒 Timeframe Analysis:
15-Minute Chart:
EMAs are recovering from recent lows, indicating a potential scalp-long opportunity in the short term.
1-Hour Chart:
EMAs remain bearish. Once the short-term bounce is played, watch for a short setup as momentum weakens.
4-Hour Chart:
Bears remain in control. The broader trend favors downside movement after any short-term rallies.
🟢 Buy & Trade Here ⬇️ $WCT
---
💼 Fund Allocation Strategy:
Scalp Long (15M TF): Allocate 1–2% of your capital.
Short Position (1H or 4H TF): Allocate 5–7% of your capital based on bearish confirmations.
---
📌 Conclusion:
Market momentum is currently split — bulls have some control on lower timeframes, but higher timeframes clearly favor the bears. Execute trades with caution and aim to capture profits on both sides of the move.
📉📈 Always DYOR (Do Your Own Research) before entering any position!
#BinanceAlphaAlert
#BinanceHODLerSAHARA
#MarketRebound
#IsraelIranConflict
#wct
🕒 Timeframe Analysis:
15-Minute Chart:
EMAs are recovering from recent lows, indicating a potential scalp-long opportunity in the short term.
1-Hour Chart:
EMAs remain bearish. Once the short-term bounce is played, watch for a short setup as momentum weakens.
4-Hour Chart:
Bears remain in control. The broader trend favors downside movement after any short-term rallies.
🟢 Buy & Trade Here ⬇️ $WCT
---
💼 Fund Allocation Strategy:
Scalp Long (15M TF): Allocate 1–2% of your capital.
Short Position (1H or 4H TF): Allocate 5–7% of your capital based on bearish confirmations.
---
📌 Conclusion:
Market momentum is currently split — bulls have some control on lower timeframes, but higher timeframes clearly favor the bears. Execute trades with caution and aim to capture profits on both sides of the move.
📉📈 Always DYOR (Do Your Own Research) before entering any position!
#BinanceAlphaAlert
#BinanceHODLerSAHARA
#MarketRebound
#IsraelIranConflict
#wct
1000变10w:
The WCT market is being manipulated by the WCT team. Be careful. The WCT team has a very large short position. They are selling WCT tokens and establishing a large short position under the guise of "airdropping for Solana users". You should know that this is a trick played by the team and the genesis coin to sell tokens. This method is very common in the cryptocurrency world and the purpose is to rob holders and traders. If you are an old user in the cryptocurrency world, you must be very familiar with the rugpull manipulation technique. Invest with caution.
BINANCE Trading
WCT Token — Can It Reach $2?
WCT (WalletConnect Token) is currently trading around $0.31, significantly below its all-time high of $1.35.
According to analysts, if WalletConnect adoption grows and Web3 gains traction, this token could potentially reach $2 between 2027 and 2030.
🔸 Current Price: $0.31
🔸 Short-Term Target: $0.40–$0.50
🔸 Long-Term Target : $1.50–$2.00+
This might be a good time to enter at a low price — but remember, crypto carries risk. Always do your own research.
#WCT #CryptoEnglish #Web3 #WalletConnect $WCT #WCTLaunchpool
WCT Token — Can It Reach $2?
WCT (WalletConnect Token) is currently trading around $0.31, significantly below its all-time high of $1.35.
According to analysts, if WalletConnect adoption grows and Web3 gains traction, this token could potentially reach $2 between 2027 and 2030.
🔸 Current Price: $0.31
🔸 Short-Term Target: $0.40–$0.50
🔸 Long-Term Target : $1.50–$2.00+
This might be a good time to enter at a low price — but remember, crypto carries risk. Always do your own research.
#WCT #CryptoEnglish #Web3 #WalletConnect $WCT #WCTLaunchpool
🚀💥My 3rd Super Trade Again in - WCTUSDT
#wct
i am Still Holding my WCTUSDT Trade. I have also added Quantity at 0.3270.( Sorry Couldn't Update the Trade ).
I will Again Add More Quantity above 0.32, so be ready 🤫🔥.
$WCT
I am Waiting for the Targets of 0.30, 0.2850, and 0.2750.
#SwingTrade
#wct
i am Still Holding my WCTUSDT Trade. I have also added Quantity at 0.3270.( Sorry Couldn't Update the Trade ).
I will Again Add More Quantity above 0.32, so be ready 🤫🔥.
$WCT
I am Waiting for the Targets of 0.30, 0.2850, and 0.2750.
#SwingTrade
WCTUSDT
30X
Short
Unrealized PNL (USDT)
+10.21
+289.00%
📢🔥 Write-to-Earn is BACK — This Time with $WCT Great Commission! 🔥📢
🪙 $150,000 in WCT Rewards!
💰 Earn up to 100% trading fee commissions
🫵 From your followers’ Spot / Margin / Futures trades!
🟡 All you have to do:
1️⃣ Register: 👉JOIN HERE Write2Earn
2️⃣ Post content with $WCT @WalletConnect tag (articles, posts, polls, videos…)
3️⃣ Watch your earnings grow every day!
📅 Period: June 19 - Sept 30, 2025
🚀 Don’t just scroll — post, tag, earn!
#BinanceSquare #Write2Earn #BinanceEarn #wct #PassiveIncome
🪙 $150,000 in WCT Rewards!
💰 Earn up to 100% trading fee commissions
🫵 From your followers’ Spot / Margin / Futures trades!
🟡 All you have to do:
1️⃣ Register: 👉JOIN HERE Write2Earn
2️⃣ Post content with $WCT @WalletConnect tag (articles, posts, polls, videos…)
3️⃣ Watch your earnings grow every day!
📅 Period: June 19 - Sept 30, 2025
🚀 Don’t just scroll — post, tag, earn!
#BinanceSquare #Write2Earn #BinanceEarn #wct #PassiveIncome
Lizabeth Ichikawa PNg7:
ممتاز جداً
I'm watching $WCT like a sniper right now.
This silence isn't weakness — it's loading.
Once this tight range breaks, $1+ won’t be a hope… it’ll be a move.
$WCT
#WelletConnect #wct
This silence isn't weakness — it's loading.
Once this tight range breaks, $1+ won’t be a hope… it’ll be a move.
$WCT
#WelletConnect #wct
🔥 Unlock Massive Rewards with WCT Staking on Binance! 🔥
Hey crypto crew! 👀 Ready to stack gains? WalletConnect Token (WCT) is your ticket to the big leagues, and Binance is serving up staking rewards that’ll make your wallet sing. Priced at $0.35 with a $65M market cap, WCT’s got room to soar. Here’s why you should buy, stake, and hodl NOW! 💥
WCT: The Utility King
Powers the WalletConnect Network, connecting 23M users and 600+ wallets.
Used for governance, staking, and rewards.
Backed by heavyweights like Consensys, Ledger, and Polygon.
Binance Staking Rewards: The Juicy Details
4.78% APR
Stake your WCT on Binance for steady passive income .
No minimums, no caps—just pure rewards, paid daily!
Launchpool Bonus
Stake BNB, FDUSD, or USDC to earn WCT tokens .
40M WCT up for grabs—don’t sleep on this!
How to Stake WCT on Binance
Buy WCT
Grab it on Binance for ~$0.35.
Transfer
Move it to your staking wallet.
Stake & Earn
Lock it in and watch that 4.78% APR roll in!
Why WCT’s a Winner
Market Snapshot
$42.77M 24h volume, all-time high of $1.35.
Predictions? Could hit $0.50-$1.00 by end-2025 .
Utility Boom
Links 40K+ app projects across chains—growth is baked in!
Jump In!
With Binance’s 4.78% APR and WCT’s utility, this is a no-brainer. Crypto’s risky—only invest what you can lose—but these rewards are calling! Buy, stake, and join the ride! 🚀
$WCT
🗣️ Who’s staking WCT? Drop your thoughts below! 👇
#WCT #BinanceStaking #CryptoGains
Hey crypto crew! 👀 Ready to stack gains? WalletConnect Token (WCT) is your ticket to the big leagues, and Binance is serving up staking rewards that’ll make your wallet sing. Priced at $0.35 with a $65M market cap, WCT’s got room to soar. Here’s why you should buy, stake, and hodl NOW! 💥
WCT: The Utility King
Powers the WalletConnect Network, connecting 23M users and 600+ wallets.
Used for governance, staking, and rewards.
Backed by heavyweights like Consensys, Ledger, and Polygon.
Binance Staking Rewards: The Juicy Details
4.78% APR
Stake your WCT on Binance for steady passive income .
No minimums, no caps—just pure rewards, paid daily!
Launchpool Bonus
Stake BNB, FDUSD, or USDC to earn WCT tokens .
40M WCT up for grabs—don’t sleep on this!
How to Stake WCT on Binance
Buy WCT
Grab it on Binance for ~$0.35.
Transfer
Move it to your staking wallet.
Stake & Earn
Lock it in and watch that 4.78% APR roll in!
Why WCT’s a Winner
Market Snapshot
$42.77M 24h volume, all-time high of $1.35.
Predictions? Could hit $0.50-$1.00 by end-2025 .
Utility Boom
Links 40K+ app projects across chains—growth is baked in!
Jump In!
With Binance’s 4.78% APR and WCT’s utility, this is a no-brainer. Crypto’s risky—only invest what you can lose—but these rewards are calling! Buy, stake, and join the ride! 🚀
$WCT
🗣️ Who’s staking WCT? Drop your thoughts below! 👇
#WCT #BinanceStaking #CryptoGains
🚨 Big Opportunity in $WCT ! 🚨
$200,000 worth of $WCT Token Rewards are up for grabs — just by completing 5 simple tasks! 😱🔥
I’ve already started the first task — which one are you working on?
Just create relevant and engaging posts to earn your reward! 💰💪
More than 9,400 people have already joined — but there’s still time for you!
👀 Check out the tasks and rules:
Go to Create Pad > Ongoing > WCT
(as shown in the screenshot)
#wct #creatorpad #EarnWithPosts #WCTChallenge @WalletConnect
$WCT
$200,000 worth of $WCT Token Rewards are up for grabs — just by completing 5 simple tasks! 😱🔥
I’ve already started the first task — which one are you working on?
Just create relevant and engaging posts to earn your reward! 💰💪
More than 9,400 people have already joined — but there’s still time for you!
👀 Check out the tasks and rules:
Go to Create Pad > Ongoing > WCT
(as shown in the screenshot)
#wct #creatorpad #EarnWithPosts #WCTChallenge @WalletConnect
$WCT
#wct Bitcoin Demand is Weakening
CryptoQuant revealed that Bitcoin spot demand has continued to grow but at a decelerated expansion rate. Apparent demand growth has fallen to 118,000 BTC over the last 30 days, compared to 228,000 BTC recorded on May 27. The metric is also below its 30-day moving average, indicating that the demand for BTC is weakening.
Bitcoin whale and spot exchange-traded funds (ETFs) have halved their purchases. The expansion of whale balances has fallen to 1.7% month-over-month (MoM) from 3.9% as of May 27. Daily BTC purchases from ETFs are also down from an April 23 local peak of 9,700 BTC to 3,300 BTC today.
Additionally, demand from new participants entering the Bitcoin market is low, and overall demand momentum has turned negative. Short-term holders now account for 4.5 million BTC, a decline of 0.8 million BTC from the 5.3 million BTC they controlled as of May 27.
Furthermore, investors in the futures market have sold their BTC to lock in profits and are currently opening new short positions. CryptoQuant said its Bitcoin Traders’ Behavior Dominance metric shows that participants offloaded their coins to take profits after BTC hit $110,000 last week. Afterward, they opened fresh short positions as BTC below $105,000 amid rising tensions between Israel and Iran.
What to Expect
For BTC to experience a sustained rally, whales and spot ETFs need to increase their demand for the cryptocurrency. New investors also need to buy BTC from the old ones, thereby expanding the balances of short-term holders.
If demand continues to decline, BTC could plummet below $100,000 and fall to the support zone near $92,000. The crypto asset was hovering around $102,700 at the time of writing following the attacks from the US against Iran.
#BTC110KToday?
#BinanceAlphaAlert
#MarketRebound
#BTC
CryptoQuant revealed that Bitcoin spot demand has continued to grow but at a decelerated expansion rate. Apparent demand growth has fallen to 118,000 BTC over the last 30 days, compared to 228,000 BTC recorded on May 27. The metric is also below its 30-day moving average, indicating that the demand for BTC is weakening.
Bitcoin whale and spot exchange-traded funds (ETFs) have halved their purchases. The expansion of whale balances has fallen to 1.7% month-over-month (MoM) from 3.9% as of May 27. Daily BTC purchases from ETFs are also down from an April 23 local peak of 9,700 BTC to 3,300 BTC today.
Additionally, demand from new participants entering the Bitcoin market is low, and overall demand momentum has turned negative. Short-term holders now account for 4.5 million BTC, a decline of 0.8 million BTC from the 5.3 million BTC they controlled as of May 27.
Furthermore, investors in the futures market have sold their BTC to lock in profits and are currently opening new short positions. CryptoQuant said its Bitcoin Traders’ Behavior Dominance metric shows that participants offloaded their coins to take profits after BTC hit $110,000 last week. Afterward, they opened fresh short positions as BTC below $105,000 amid rising tensions between Israel and Iran.
What to Expect
For BTC to experience a sustained rally, whales and spot ETFs need to increase their demand for the cryptocurrency. New investors also need to buy BTC from the old ones, thereby expanding the balances of short-term holders.
If demand continues to decline, BTC could plummet below $100,000 and fall to the support zone near $92,000. The crypto asset was hovering around $102,700 at the time of writing following the attacks from the US against Iran.
#BTC110KToday?
#BinanceAlphaAlert
#MarketRebound
#BTC
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