Friday night and the twenty-first of Ramadan: Spirituality of the Night of Decree and profit opportunities in digital markets.
We are approaching the last ten days of Ramadan, where spiritual inspirations increase and voices rise in prayer and remembrance, especially on Friday night which coincides with the twenty-first night of the holy month. In these blessed nights, hearts turn to God, and the desire to seize opportunities increases, whether in worship or in various fields of life, including the world of cryptocurrencies.
The Night of Decree: A treasure of blessings and giving.
The Night of Decree is the greatest night of the year, where angels and the Spirit descend by God's command, and the rewards are multiplied many times over. Since we are in the last ten days, this night may be one of the odd nights in which the Night of Decree is hoped to occur, making it a golden opportunity to increase prayer, seeking forgiveness, and requesting sustenance and blessings.
Seizing opportunities: Between spirituality and smart trading.
In these blessed times, many are seeking blessings in their sustenance, which includes smart investments in the cryptocurrency market. If you are a cryptocurrency trader, this is an opportunity to think rationally and make decisions based on market analysis, just as we invest our time in worship to gain rewards.
Active Bitcoin supply has decreased by 50% over the last 3 months: Is it a bullish or bearish indicator?
The cryptocurrency market is still experiencing sharp volatility, but some indicators may suggest that Bitcoin (BTC) could recover soon.
Among these indicators, active supply or what is known as hot supply stands out, which is the amount of Bitcoin available for active trading during the period.
According to the #Bitcoin's node, the active supply of Bitcoin—a metric that tracks coins that have not aged over a week—has decreased by 50% over the past three months, dropping from 5.9% to 2.8% of the total circulating supply.
Does the decrease in active supply indicate a bullish trend?
A decrease in active supply may be a positive indicator, reflecting an increase in Bitcoin holding behavior rather than short-term trading.
When investors decide not to sell their assets, it may signal their expectation of rising prices in the future.
Moreover, with the decline in circulating supply, sharp price volatility decreases, which may pave the way for market stability and price increases in the medium term.
If demand increases in the future, a decrease in supply could lead to a 'supply shock', enhancing the likelihood of an increase in Bitcoin's price.
However, this requires strong demand, which is currently not sufficiently available, as clearly evidenced by the notable decline in flows towards Bitcoin ETF funds.
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$BTC
Prayer: The key to sustenance and success.
One of the most beautiful things to recite during these blessed nights:
"O Allah, You are Forgiving and Generous, You love forgiveness, so forgive me. O Allah, grant me from Your vast bounty, and bless my wealth and life, and grant me a share of the goodness of this night, and forgive me and the believing men and women, for You are the Most Forgiving, Most Merciful."
🕌 Don't forget to make this night filled with prayer and supplication, and invest your time wisely just as you invest your money wisely!
