$FET /USDT — Short idea: Entry: 0.584 Stop: 0.590 Take profits: • TP1: 0.566 • TP2: 0.549 • TP3: 0.520
Comment: RSI is overbought on 30m, exit beyond the upper BB border, rollback to VWMA and below is possible. We work in stages, stop is short, potential up to 10:1
The whale sold 432 $WBTC for $33.27 million — at $77,030 per coin. The goal is to pay off the loan, probably to avoid liquidation. The remaining collateral — 100.28 #WBTC (~$7.7 million) remains on Aave V3. Outstanding debt — $3.74 million USDT. Health factor improved to 1.61 — the threat of liquidation is temporarily removed. Summary: a signal that even large players are hedging against the backdrop of market turbulence.
Binance News
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Whale Sells WBTC Amid Market Decline to Repay Loan
According to Odaily, a significant market downturn has prompted a large cryptocurrency holder, known as a whale, to sell 432 Wrapped Bitcoin (WBTC) for $77,030 each, totaling 33.27 million USDT. This transaction was made to repay a loan. The whale still holds 100.28 WBTC, valued at $7.7 million, as collateral on Aave V3, with an outstanding loan of $3.74 million. The health factor of the loan has improved to 1.61.
9.7% collapse — the largest in history: panic on the market, emergency stop of trading. Chain reaction in Asia: volatility will spread to other exchanges in the region. Threat to the global tech sector: especially if TSMC is affected — a critical player in chip production. Capital outflow and pressure on the currency: investors are withdrawing money, the Taiwanese dollar is under attack. Growing interest in safe haven assets: gold, US dollar, government bonds. Possible geopolitical background: if there is a factor of China — the risks are systemic. Revision of strategy by investors: capital may be redistributed to more stable regions. Summary: not just a drawdown, but a potential trigger for a global redistribution of risks.
Binance News
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Taiwan Stock Index Experiences Record Decline
According to Odaily, the Taiwan Weighted Index closed on April 7, a Monday, with a significant drop of 2,065.87 points, marking a 9.7% decrease to settle at 19,232.35 points. This decline represents the largest in the index's history, with trading temporarily halted due to a circuit breaker. The previous record for the largest drop was an 8.57% decrease, which occurred on August 5, 2024, when the index fell by 1,854.59 points during the session.
Trump and Technocrats Crashed Crypto: It Was All Planned
The increase in tariffs and trade war with China is not an accident. Trump and his allies, who have already made billions on crypto, have closed the “golden hole” for digital assets, turning crypto into a tool for making profits. Crypto investors hoping for its growth are wrong. With the escalation of the conflict between the US and China and tightening regulations, crypto is too vulnerable. Game over! #BTCBelow80K #MarketCrash #TrumpTariffs $BTC $ETH $BNB
$BTC On the hourly chart of #BTC /USDT (1H), the situation looks like this: 📉 Overall picture: #Bitcoin is in a strong correction: The price went below EMA 50 (81241) and EMA 200 (83644) — this is a sign of a bearish trend. A strong resistance zone is from 81200 to 84200 USDT (a large cluster on VPVR). Current price: ~77300 USDT, the lows reached 76666 USDT.
🔍 Technical indicators: RSI (14): Level: 27.16 — oversold zone. This indicates a possible upward rebound in the short term. MACD: The MACD histogram and lines continue to fall. This indicates bearish dominance, but there is already a slowdown — close to a potential reversal. OBV (on-balance volume): Continues to decline — this indicates asset sales and a lack of strong purchases.
🧱 Key levels: 📉 Support: 76600–77000 USDT — local bottom. If broken — next support level is around 75000 USDT. 📈 Resistance: 81200–84200 USDT — strong sellers zone. The probability of a quick return there is still low.
🔮 What's next? A short-term upward rebound is possible (RSI is oversold, + candles show a slowdown in the decline). But the downward trend continues until the price returns above EMA 200 (~83600). For confident growth, it is necessary to overcome: 81200 (EMA 50) 83600 (EMA 200) and consolidate above.
⚠️ Bottom line: It's better not to buy now in hopes of a rebound, until there are clear reversal signals. There is a chance for a technical rebound to 79,000-80,000, but the main direction is down. Level 75,000 may be the next stop.
$DOGE Current situation: #DOGE /USDT price: $0.1426 Strong drop after support breakout around $0.158–$0.16. EMA 50 and 200 (red and blue lines) — price is far below, trend is bearish. VPVR shows a strong resistance zone around $0.168–$0.169, it will be difficult to return there without strong momentum.
Indicators: RSI 14: 22.85 — heavily oversold (below 30). This often indicates a possible technical rebound, but does not guarantee a long-term reversal. MACD: Deep bearish divergence, but the lines are starting to converge — a reversal attempt is possible. Volumes: Increased during the fall → active phase of selling, but have now died down. Buying volume is needed for a reversal, but there is none yet. OBV: The volume indicator continues to decline — capital is leaving and not returning.
🤔 Will there be a rise? Is a rebound likely? Yes, a technical rebound to $0.145-0.148 is possible in the coming hours — due to RSI and seller fatigue. Will we return to $0.16? In the short term (today-tomorrow) — unlikely, the price is far from the key EMAs and under strong pressure. To return to $0.16, we need: Bullish momentum with volume #BTC / #ETH growth Positive news
#Cyber L2 has the potential for significant growth next year, especially if it successfully implements the described features and attracts developers and users with its grants and technical capabilities. The platform’s focus on improving useability and security foreshadows good prospects for its adoption in major applications. However, current developments, market reception and external factors, such as changes in regulation, will play a decisive role in its trajectory. $CYBER
Given the potential for innovation and the historical maximum already achieved, it can be assumed that in favourable conditions #Cyber L2 can again reach and even exceed the level of $15. If the coin can successfully realise its technological promises and gain wide recognition and support in the industry, its price can potentially reach double-digit numbers. $CYBER
Binance cryptocurrency exchange announced the completion of the 27th quarterly burning of Binance Coin (#BNB ) tokens, destroying tokens by $1.17 billion. The volume of burned BNB amounted to about 1.3% of the total supply of the asset. 🔥 But the price of BNB did not react to the news about burning tokens. In 24 hours, the token lost 0.9% of its previous value, falling to $600. BNB’s capitalisation fell 2.2% to $88 billion, while trading volumes increased slightly by 1.4%.$BNB
Percentage changes for longer periods of time indicate:
Last day: -4.59%
Last week: -25.71%
There is a significant decrease in the price from the initial mark of 55.5 USDT, according to the information about the “opening” on the chart, which indicates a large drop in a relatively short period of time.
Additional indicators:
Trading volume for 24 hours (OMNI): 1.24 million OMNI
24-hour trading volume (USDT): USDT 27.38 million
Demand: 56.93%
Offer: 43.07%
The predominance of demand over supply may be a sign of potential interest in price recovery, but the overall negative trend over the past 7 days requires careful monitoring of further market movements. As always in the cryptocurrency market, there is a high risk of volatility and uncertainty.
#Bitcoin (#BTC ): Bitcoin may continue its uptrend in the light of increased institutional interest and potential acceptance as a means of payment by large companies. However, volatility remains high, and any negative news about regulation can cause a sharp drop. $BTC
Despite the recent losses, in the medium and long term, the price of #DOGE showed a significant increase.
A higher percentage of supply compared to demand may indicate the current pressure of sellers in the market.
Based on the latest data, it can be concluded that #Dogecoin is experiencing a short-term price decline, but given the growth over the past 90 and 180 days, it is possible that the asset is showing an uptrend in the long term.
However, the cryptocurrency market is extremely volatile, and any investment decisions must be made with caution and on the basis of careful analysis.
#Dogecoin price fell by 10% over the week amid market correction
According to CryptoPotato, Dogecoin (#DOGE ) experienced a weekly price decline of 10% after a wider market correction. This happened after the recent bullish growth, as a result of which the value of the cryptocurrency rose above $0.22 for the first time since November 2021. Despite the recent decline, $DOGE is among the most affected cryptocurrencies from the list of the 10 largest.
Ethereum (#ETH ) price fell below 3300 USDT with a slight increase of 0.95% in 24 hours
April 5, 2024, 04:33 (UTC). According to Binance Market, the price of Ethereum fell below 3300 USDT and is now trading at 3297,530029 $USDT , narrowing by 0.95% in 24 hours.$ETH
Currently, $BTC has reached the end of its four-hour fall. Whether the bulls can strengthen depends on whether today’s four-hour level can stand near the 66,000 level.
If today in four hours the price closes at 66,000, the top target will be about 67,500.
If today’s 4-hour level fails to close and overcome 66,000, it will be a 4-hour relay decline. The lower level of support is 64,500. If it falls below this level, it is assumed that the pin will be installed about 63,000. #BTC #Bitcoin
$Cyber and SPACE ID have achieved cooperation and integration and launched a second round of environmental distributions for users promising CYBER.
Cyber L2 has signed a cooperation agreement with #SPACE ID for CyberI migration
Stack D for SPACE ID 3.0 to improve compatibility, support the scalable future of Cyber L2 with SPACE ID and open the second round of environmental airdrop identifier for CYBER betting users.