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According to Glassnode, the inflation rate of
#bitcoin
(0.83%) has been significantly lower than that of gold (2.3%) since the last halving.
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The Bitcoin liquidation heatmap reveals a significant cluster of liquidity sitting just below the $90,000 level. This suggests a potential magnet zone for price action, where the market could dip to liquidate late long positions before deciding its next move. All eyes now on whether #BTC☀ will flush out leverage or push higher with momentum. Stay cautious!
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$ADA Opportunities come when you see everything crash 95-99%, like in 2018. Few of them will rise from dust like ADA 2020. The hardest part is that most of us will give up at the bottom range, which will last too long.
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$BTC has struggled to regain the $90,000 level and has since dropped from that point. The recent crypto summit did not yield any significant developments. Currently, a symmetric triangle pattern is forming on the lower time frames, and we can expect a break from this pattern in the next 2-3 days, which will help determine the next direction for Bitcoin. The local support level is around $86,000, with stronger support found in the $83,200 to $83,800 range.
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YGG Analysis : YGG flipped the major resistance level turning it the support zone and also price trending higher within the large channel pattern. Anticipating the higher prices from here towards the Previous higher high and resistance. Major support : $0.57 - $0.59 Resistance : $0.72
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Educational Post What Is an EIP? EIP stands for Ethereum Improvement Proposal. It’s a way for the Ethereum community to suggest upgrades or new ideas for the blockchain. It’s like a blueprint that explains what the change is, why it’s needed, and how it should work. These proposals help Ethereum grow and adapt by keeping everyone on the same page about what’s changing and why. Why Do EIPs Matter? EIPs let developers and users work together to improve Ethereum. They ensure changes are well-planned and agreed upon by the community, keeping the system secure and efficient. Whether it’s fixing technical problems or adding new features, EIPs make sure Ethereum stays up to date. Types of EIPs Here are the main types of EIPs. Let’s take a look at some of the most common: Core: These focus on changes to the Ethereum protocol, like updates to how transactions are processed or big upgrades like hard forks. Networking: These deal with how Ethereum clients communicate, ensuring smooth operation. Interface: These focus on how users and apps interact with Ethereum. ERC (Ethereum Request for Comment): These are standards for things like tokens. For example, ERC-20 is the rulebook (token standard) for making fungible tokens.
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