🎰 James Wynn transferred another 536,573 #USDC to Hyperliq | BeyOglu - The Analyst on Binance Square

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BeyOglu - The Analyst

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🎰 James Wynn transferred another 536,573 #USDC  to Hyperliquid and opened long positions in $ETH  (at $12.1 million) and $PEPE  ($11.2 million).

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ETH

4,289.52

+3.78%

PEPE

0.00001057

+2.32%

757

0

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Bitlayer is unlocking a new era of BTCFi. 🚀 As traditional institutions and public companies accelerate Bitcoin adoption, the demand for yield on BTC holdings is only growing stronger. @BitlayerLabs is seizing this opportunity — bridging Bitcoin’s security with DeFi’s innovation. This is more than holding; it’s about making Bitcoin work for you. ⚡ #Bitlayer

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Todays market Summary. #Bitcoin $BTC resurfaces above $113,000 on Wednesday after a nearly 3% drop the previous day. #Ethereum $ETH bounces after dropping under $4,100 to test the lower boundary of a rising channel. $XRP breaks under a crucial support stronghold, with sellers targeting the $2.75 zone.

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XRP hits a crucial crossroads Ripple’s XRP is at a crucial juncture, testing the 50-day EMA, a support trendline connected by June 23 and August 3 lows, and the 38.2% Fibonacci retracement level, which is drawn from the June 22 low of $1.90 and the July 18 peak of $3.66, at $2.99. A decisive close below the support junction could extend the decline to the 50% retracement level at $2.78, with bears targeting the 100-day EMA at $2.72. The MACD and its signal line continue to decline, approaching the zero line. A wave of red histogram bars from the same line indicates rising bearish momentum. The RSI at 46 slopes downward, crossing below the midpoint line. This indicates increasing bearish momentum, with further room for correction. Looking up, XRP could bounce back from the support zone to retest the $3.34 resistance, last tested on Thursday.

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#Crypto market update. - Bitcoin $BTC drops below the $115,000 level, risking the loss of the 50-day EMA. - #Ethereum $ETH descends within a rising channel, with bears targeting the $4,000 psychological level. - Ripple’s $XRP dangles at the $3.00 psychological support amid mounting selling pressure. #ETHInstitutionalFlows

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