#BERA fell sharply in price after being listed on the Binance exchange, but has been holding its positions for a day now. I remind you that the entire market was falling yesterday, and today it is rising.
There is a suspicion that this project has a very good market maker who is preparing a surprise for us.
I remind you that on February 10, 12.2% of all tokens will be unlocked. That is a lot, and it is very difficult to predict how this will affect the price of the coin.
Today there was a beautiful manipulation on the market, as a result of which the coin rose in price by more than 15% for a few minutes But where is the price now? Where it should be.
I will not tire of reminding you that most of the projects that appeared on the Binance exchange during the altseason will disappear into oblivion in less than a year. Look at the weekly chart and you will understand. One day, when the world is engulfed in an economic crisis as a result of trade wars, we will sit with a bottle of cheap beer and be nostalgic with the words: "Do you remember the times when we bought useless tokens in the form of funny pictures and wanted to make money on it."
Let me remind you that now the capitalization of #Pengu is estimated at 660 million dollars. Look around, do you see many businesses that are worth the same? Manufacturing, warehouses, shops?
The world has gone crazy. But it looks like everything will soon return to its place. Stupid people with money will become smarter, and smart people will become even richer.
Over $798M worth of tokens unlocked on February 6th, with significant releases set to continue this week! š°š
š¹ January 31st ā February 1st: Almost $725M unlocked. š¹ February 6th: Largest unlock yet at $798M. š¹ February 7th ā 14th: Over $700M planned
š„What does this mean for the market?
Increased selling pressure ā Large unlocks often cause prices to drop š Volatility spike ā Watch out for sudden altcoin moves ā ļø Liquidity shift: Whales may move funds to safer assets š¦ Could we see a market crash when these tokens hit circulation? Stay alert! šš
MicroStrategy ($MSTR) acts like a leveraged version of Bitcoin: š¹ When BTC goes up, $MSTR goes up even more. š¹ When BTC goes down, $MSTR goes down even more.
MSTR investors are essentially betting on Bitcoin to succeed. Their BTC purchases are public and the entire market is watching.
Now ask yourself: what happens if the price of BTC goes down and MicroStrategy is forced to sell? š¤
The collapse of FTX may seem insignificant compared to the potential collapse of MicroStrategy and its impact on the entire crypto market.
There are no signs yet that this will happen, but watching the price action of $MSTR is more important than ever. šš
How have the balances of large crypto funds changed over the last 6 days?
Wintermute minus $119 million Animoca Brands minus $2.44 million Dragonfly Capital minus $27.76 million Paradigm Capital minus $4.35 million Circle minus $111.91 million Blockchain Capital minus $15.63 million Pantera Capital minus $14.71 million HashKey Capital minus $1.19 million Galaxy Digital minus $59.69 million
1.1 The Great Depression and the Smoot-Hawley Tariff (1930)
The gist of the conflict: In 1930, the U.S. passed the Smoot-Hawley Act, raising import duties on 20,000 goods to a record 60%. In response, Europe and Canada imposed retaliatory tariffs.
Consequences: A 66% collapse in world trade from 1929 to 1934 (League of Nations data). Worsening of the Great Depression (1929ā1939). Mass unemployment and bankruptcies. Rise of economic nationalism, which partly led to World War II.
Before the opening of the American session, someone heavily dumped coins, causing the market to drop (this is the chart of all altcoins except #ETH ). Usually, this indicates that the market will go down in 15 minutes. Or there will be manipulation upwards, followed by a crash downwards.
Very strange behavior of the capitalization chart #USDT It can be seen that 2 billion dollars were injected in 2 days. But this was done by one player. At the same time, the money did not transition to #BTC or other altcoins. In the last 60 minutes, the money started to leave.
This has happened several times before. There is a suspicion that someone has started to actively use stablecoins for large settlements.
Gold is getting more expensive!!! I have already written several times about the mechanics of the alt season and what indicates its end. I will repeat that the endpoint of the alt season was the transition of money from altcoins to U.S. government bonds. But the fact that big money is moving not even into bonds, but directly into gold clearly scares me. It seems that the world is preparing for great instability.
Login to explore more contents
Explore the latest crypto news
ā”ļø Be a part of the latests discussions in crypto