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The TOTAL2 altcoin market cap has reached the lower support line of the downtrend channel. The price needs to hold this line and bounce from here; otherwise, we may see further declines in the altcoin market.
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Bitcoin Price Now Set by Derivatives, Not On-Chain Activity A major shift is underway in how Bitcoin markets function: Most trading has now moved off-chain. š Key Insight: Spot, futures, and options volume on centralized exchanges is now 7 to 16 times greater than what actually settles on the Bitcoin network. š” Why This Matters: Price discovery is increasingly being driven by derivatives markets, not by organic on-chain transactions. This means: * Volatility can be amplified due to leveraged positions. * On-chain data alone is no longer a reliable indicator of short-term price movement. * Whale behavior in futures/options is now more influential than ever. The market structure has evolved ā and understanding these shifts is critical for traders and analysts navigating this cycle. $BTC $XRP $SOL #NEWTBinanceHODLer #BinanceTGEXNY #BinanceAlphaAlert #MarketPullback
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Bitcoin has struggled to reclaim the $103,000 level and has experienced a significant drop from that point. The price fell below $100,000 due to rising tensions from the ongoing conflict, and we may now see increased volatility in the market. The key resistance level remains around the $103,000 mark. #BinanceAlphaAlert #XSuperApp $BTC #btc
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BTC CME WEEKLY OPEN PRICE ā A GAP is formed during weekend when there is a difference between Weekly CLOSING PRICE and next Weekly OPEN PRICE. š If the GAP is located above current price, it is called Bullish Gap. š If the GAP is located below current price, it is called Bearish Gap. #BitcoinGaps #BTC $BTC
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$SUN analysis: Price is currently testing a major support area on the daily time frame. A break below this support would be bearish and likely lead to heavy selling. You may consider accumulating some at the support area with a tight stop loss. Follow for latest crypto charts updates Support Area: $0.01620-$0.01780 #sun #suncoin
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šØ BREAKING: Iran Moves to Close Strait of Hormuz Following U.S. Strikes š®š·šŗšø In a major escalation, Iran has announced the closure of the Strait of Hormuz, a critical chokepoint through which ~20% of global oil supply flows. This move comes in direct response to U.S. military action and has sent shockwaves through global markets. š Market Impact: ⢠Bitcoin broke below $100,000, reacting swiftly to the geopolitical tension and rising risk-off sentiment. ⢠Oil prices are expected to spike, increasing inflation fears. ⢠Global equities and crypto may remain volatile as the situation unfolds. With tensions rising and potential for further escalation, markets are now on extreme alert. Expect high volatility ā risk management is crucial.
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