#ETH short term looks shaky, #MACD bearish, #CRSI approaching overbought, and#marketcapand open interest are cooling.
On the developer side, however, the RISC-V proposal #Vitalik and new scaling projects are fueling a strong long-term development narrative. The move remains #bullish but beware, regulatory headwinds and competitive L1 momentum should also be kept in mind.
Here are some important points that can be explored: 1. Possible Transfer Purposes - Borrowing/Lending on Aave: Large amounts of USDT funds may be moved to Aave to be utilized in the #DeFi protocol, such as lending, providing liquidity, or yield farming. - Arbitrage or Trading Strategy: Could be part of an arbitrage strategy between Kraken (CEX) and Aave (DeFi) to take advantage of differences in interest rates or prices. - Treasury Management: If it comes from an institution, it may be to optimize the use of assets on the DeFi platform.
2. Potential Impacts - Aave Liquidity: Adding USDT of this magnitude could increase Aave’s pool liquidity, affecting lending/storage rates. - USDT Price Movement: While USDT is a stablecoin, large inflows could temporarily affect demand in the market. - Security: Large transactions need to be monitored to ensure there is no suspicious activity (e.g. money laundering or exploits).
3. Who Might Be Involved? - Institutional Players: Whales or institutions moving funds for investment/operational purposes. - Kraken as an Exchange: Could be related to withdrawals by large users or Kraken’s own asset management.
#Ethiopia has become a mining hub #Bitcoin (BTC) due to several key factors attracting foreign miners, especially from #China .
Here are the main reasons: 1. Availability of Cheap Green Energy - Ethiopia has abundant renewable energy sources, especially hydropower from the Grand Ethiopian Renaissance Dam (GERD). - Electricity in Ethiopia is among the cheapest in the world, making the operational costs of Bitcoin mining much more efficient compared to other countries.
2. Supportive Government Policies - The Ethiopian government is opening investment opportunities in the technology sector, including data centers and Crypto mining, through partnerships with companies like Data Center Service PLC (in collaboration with Chinese miners). - Although the Central Bank of Ethiopia prohibits Crypto transactions, #penambangan Bitcoin is allowed as long as it is related to renewable energy-based investment projects.
3. Exodus of Chinese Miners to Ethiopia - After China banned Crypto mining in 2021, many Chinese companies moved to Ethiopia to take advantage of cheap energy and a more stable climate compared to other African countries.
4. Developing Infrastructure - Ethiopia is developing industrial and technology zones, including cooperation with China on digital infrastructure projects. - Adequate internet connectivity and access to natural cooling (high altitude climate) help improve mining operation efficiency.
Challenges and Controversies - Criticism over energy usage: Despite using green energy, Bitcoin mining is still criticized for potentially reducing electricity supply for the public. - Regulatory uncertainty: The Ethiopian government still restricts the use of Crypto for financial transactions, making mining activities risky if policies change.
Conclusion: Ethiopia has become a Bitcoin mining hub due to cheap green energy, open investment policies, and the arrival of Chinese miners. However, the future of this industry depends on regulatory stability and electricity availability in the future.
#Gubernur #Bank Ghana JohnsonAsiama announced plans to regulate digital assets by September 2025 at the latest, while awaiting the Virtual Asset Service Provider Law.
BOG launched a dedicated digital asset unit, acknowledging the unstoppable rise of blockchain. This marks a shift from its stance in 2018, which warned against the use of Crypto.
5413486432182493233033The upcoming 5413486432182493233033has attracted attention, especially given the candidates’ differing views on economic and technology policy, including 13324313654.
- #MarkCarney former Governor of the Bank of England and Bank of Canada, is known as a traditional financial figure who is skeptical of crypto assets. He has called Bitcoin “speculative” and not legal tender.
- #PierrePoilievre , the leader of the Conservative Party, is a supporter of Bitcoin and financial decentralization. He has even said that Canada should adopt a more open policy towards crypto to combat inflation and increase financial freedom.
If Poilievre wins, Canada may see a shift in policy towards being more crypto-friendly. However, if Carney or another more traditional candidate comes to power, crypto regulation could remain tight.
#CleanSpark has received preliminary approval to build #pusat #data #Bitcoin in Mountain City, #Tennessee (TN), USA. This project is expected to create new jobs and implement more advanced Bitcoin mining technology.
Key Points: 1. Project Location: Mountain City, TN (an area with affordable energy and pro-Crypto policies in the USA). 2. CleanSpark: This company is known for focusing on sustainable and energy-efficient Bitcoin mining. 3. Economic Impact: Provision of local jobs and potential economic growth in the area. 4. Technology: Possibility of using the latest mining hardware (such as next-generation ASICs) to enhance efficiency.
Next Steps: - CleanSpark needs to meet additional requirements before construction begins. - This project may become part of a massive expansion of Bitcoin mining in the USA, especially in Crypto-friendly states like Tennessee.
#BlackRock poured $240 million more into #BTC . This is a new catalyst for #FOMO #institusional and validation of the "digital gold" thesis. The inflow #ETF spot remains high, with volume and open interest continuing to increase since the purchase. However, even as headlines pump sentiment, technical aspects are showing mixed signals: the 1-hour MACD still tends to be bearish, and the oversold CRSI reading indicates a recovery, not a "to the moon" mission. Social media tends to be bullish, but the market feels uneasy around the $95K resistance, due to profit-taking and whipsaw movements.
#ETF #Bitcoin #spot #AS seeing an inflow of $380 million yesterday, closing a week of consistent daily inflows totaling $3.06 billion, the largest weekly inflow since November.
#Presiden #DonaldTrump has stated that there can be no further delays or #postponements in the implementation of #tarif new against products #China , reaffirming its commitment to take decisive action in the trade dispute between #AS and China. This statement reflects the ongoing tensions in the trade relationship between the two countries, where the US has imposed significant import tariffs on various Chinese goods, and China has retaliated with similar measures.
Trump's policy aims to pressure China to make changes in trading practices deemed unfair by the US, such as industrial subsidies, intellectual property theft, and market access barriers. However, these tariff policies have also faced criticism from some sectors within the US, including business actors and farmers, who feel harmed by the impact of the trade war.
#FederalReserve (The Fed) recently revoked its long-standing guidance that restricted bank activity related to Crypto assets and dollar-backed tokens (such as #stablecoin ).
This decision could open up more opportunities for US banks to engage in: 1. Stablecoin Issuance – Banks may have more freedom to develop or support stablecoins pegged to the US dollar, increasing liquidity and trust in the Crypto market. 2. Crypto Custody Services – Banks could offer more formalized custody of digital assets, similar to traditional custodial services.
The Embassy #Tiongkok states that there is no #pembicaraan #tarif currently ongoing with #AS , and calls on America to "stop creating confusion." A clear rejection of the latest claims #Trump
#Ark Invest #menaikkan price projection #bitcoin bull-case year 2030 to $2.4 million based on 'aggressive' modeling.
In a report on Thursday, #DavidPuell , an analyst at Ark Invest, wrote that the initial price target for bitcoin in 2030 is around $1.5 million. However, using the company's latest experimental model, which accounts for liquid bitcoin supply by discounting lost coins or those that have been held for a long time, Ark has now projected a bull-case price of $2.4 million for 2030.
The report notes that the bull-case price projection is based on a compound annual growth rate (CAGR) of about 72% between the end of 2024 and the end of 2030. The price estimate is also modeled using the total addressable market and expected penetration rates.
1. Preparation for Sale: BlackRock may be preparing to sell some of its ETH holdings, which could put short-term downward pressure on the price. 2. Liquidity Management: This transfer could be part of liquidity management or portfolio rebalancing. 3. Storage on Exchange: Placing ETH on Coinbase could also be for #staking , #trading , or more liquid storage.
#Whale #BTC has deposited the remaining 800 BTC worth ($74 Million) to #Binance 3 hours ago, with a total loss of $25 Million. Between April 10–12, 2024, he withdrew 2,000 BTC worth ($197.8 Million) from #Binance at a price of $98,896 and wagered it. About a month ago, he started canceling bets and gradually redepositing BTC to Binance.
Latest Purchase Details - Amount of BTC Bought: 145.#BTC - Total Current Holdings: 5.000 BTC - Strategy: #Metaplanet consistently accumulating BTC as part of a hedge strategy against weakening #Yen #Jepang and inflation.
Why Does Metaplanet Keep Buying BTC? 1. Hedge Against Weak Yen: The Japanese Yen continues to weaken against the USD, making assets like Bitcoin an attractive alternative. 2. High Inflation: The Bank of Japan's loose monetary policy (#BOJ ) pushes companies to seek inflation-resistant assets.
On April 24, 2025, the United States will release Initial Jobless Claims data (#Initial #Jobless #Claims ), which is an important indicator to measure the number of people filing for unemployment benefits for the first time in a week.
Impact on Financial Markets - If lower than expected: Indicates a tight labor market → strengthens #USD & stocks #AS , potentially pressuring gold prices. - If higher than expected: Indicates an economic slowdown → weakens the USD, could push up gold and bond prices.
" #Whale misterius" who opened a position #short #Bitcoin with a large leverage worth $40 million at a price of $92,000? This could be an important signal for #trader , but deeper analysis is needed before making a decision.
What Does This Mean? 1. Large Short Position – This whale predicts that the price of Bitcoin will drop from $92K, and is using high leverage to amplify potential profit (or loss). 2. High Leverage – If the price moves against it, liquidation could occur, causing significant volatility. 3. Market Influence – If many traders follow this whale's actions, selling pressure could increase.
What to Watch Out For: - Liquidation Zone * Check the levels at which this position could be liquidated (for example, if BTC rises above $93K–$95K, a short squeeze may occur). - Market Manipulation? * Sometimes whales intentionally trigger price movements before reversing positions. - Fundamentals & Sentiment *Are there any macro news (such as regulations, ETF flows, or geopolitics) supporting a bearish outlook?
What Can Traders Do? ✅ Monitor Key Levels : - Resistance: $92K–$93K (a break could trigger a short squeeze). - Support: $88K–$90K (if a breakdown occurs, the short could be valid). ✅ Volume & Open Interest : Check if there is an increase in significant buy or sell volume. ✅ Don't FOMO – Don't jump into a short position without further confirmation.