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MasterCryptoCrypto
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Todays word of the days are:
8 letters: LEVERAGE
6 letters: MARGIN
$PENGU
#Bob
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🟠Binance Futures Volume Hits 6-Month High 🟠Binance’s crypto derivatives trading volume hit a 6-month high in July, hitting $2.55 trillion, the highest since January, according to CryptoQuant analyst J.E. Marton. The increase came after significant price movements in Bitcoin and altcoins that coincided with a market cap peak of $4 trillion before the price plunge. Other exchanges, Bybit and OKEx, reported trading volumes of $929 billion and $1.09 trillion, respectively, but Binance dominated the market. The analyst noted that the increase in trading volume reflects more user activity, likely due to the recent price spike. 🟠Binance leads the crypto derivatives market with 568 currency pairs and a daily trading volume of $82 billion, reaching $134 billion on July 18. Higher futures trading volume reflects increased participation by traders and institutions, who are often tied to major price movements. Futures contracts allow investors to speculate on the future price of assets such as Bitcoin and Ethereum without owning them. 🟠Open interest for Bitcoin futures is currently around $79 billion, down from its peak of $88 billion in mid-July. High open interest (OI) can lead to sharp declines in leverage and sharp declines in cash markets. #Binance #CZ
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What do you think#CryptoIn401(k)
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$BTC $ETH $BNB Learn These Candles Then You'll Never Lose in Crypto Top Row (from left to right): 1. Buyers in Full Control Large Green Candle - Strong Upward Momentum, Buyers Dominated the Session. 2. Sellers Showed Strength, But Buyers Outperformed Long Lower Wick - Sellers Pushed Price Down but Buyers Recovered and Closed Higher. 3. X Market Indecision Doji Candle - Equal Pressure from Buyers and Sellers, Indicates Market Uncertainty. 4. Buyers in Control, But Sellers Rejected Long Upper Wick - Buyers Pushed Price Up, But Sellers Pushed Price Down. Bottom Row (from left to right): 5. Sellers in Full Control Large Red Candle - Strong Downward Momentum, Sellers Dominated the Session. 6. Buyers showed their strength Long lower wick - buyers tried to counter after sellers pushed the price lower. 7. Market indecision Small candle with wick -Uncertainty; no clear winner between buyers or sellers. X Sellers were in control but buyers rejected them Long lower wick - sellers pushed the price lower but buyers regained strength before the market closed. Summary: V Long candles = clear strength X Doji = hesitation ~ Wicks = rejection or recovery This chart helps you read the sentiment behind the candles Candlestick image 👇
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A Welsh man threw away $950 million worth of Bitcoin in the trash.#Notcoin $BTC
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Word Of the day 6 letters ؛ NETWORK #Binance
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