🚨 Tether mints 2 billion $USDT on Ethereum network. | Hettiarachchi -Crypto11acr on Binance Square

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🚨 Tether mints 2 billion $USDT on Ethereum network.

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Hettiarachchi -Crypto11acr

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The likelihood of an altcoin ETF launching in 2025 according to Bloomberg. ☄️ Analysts have assessed the chances of ETF approval for various tokens. Top candidates: LTC & SOL - 90% XRP - 85% HBAR & DOGE - 80% ADA, DOT, AVAX - 75% 🔲

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Negative funding rates on Binance Futures: signaling bitcoin's breakout to new highs. 💰 Although Bitcoin has recovered more than 20% from its recent low, Binance Futures rates remain extremely negative. Current investor sentiment and price behavior indicate that bitcoin is likely to break its previous all-time highs. The vast majority of metrics look extremely positive, which could indicate a great potential for new all-time highs, even with a possible local correction.

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🔷 Ethereum may be undervalued ✅ The BTC/ETH ratio has rolled back to 2020 levels (0.13). ✅ The number of active addresses in the network is a record 13.6 million (+74% for the week). ✅ After falling 45% at the beginning of the year and forming a "death cross", signs of recovery are emerging. ✅ The MVRV Z-Score indicator went into the undervalued zone - so often reversals started. ✅ NUPL has fallen to zero: the market is in the capitulation phase. ✅ The average ETH purchase price is $2020, still above the current price - most holdings are in the negative. ✅ Short-term holders are draining the asset while long-term holders continue to hold - this could stabilize the price. Fidelity believes the market has overestimated fear - and this is a chance for those who are forward thinking.

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