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➖➖➖➖➖➖➖ BTC is trading within a falling wedge pattern, a bullish reversal formation characterized by converging trendlines, indicating decreasing volatility and price compression.
This week in the crypto market is shaping up to be eventful with new listings, network upgrades, and significant macroeconomic developments that could influence market movements. Here's a rundown of what to expect:
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Monday, March 18
CME will launch $SOL futures trading.
Conflux Network ($CFX) and Ronin Network ($RON) will undergo network upgrades.
NVIDIA kicks off the GTC 2025 AI conference.
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Tuesday, March 19
Solv Protocol ($SOLV) will begin using unclaimed tokens for BTC reserves.
Binance will delist $BNX due to rebranding and relist it as $FORM on Friday.
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Wednesday, March 20 – Major Macroeconomic Events
Bank of Japan interest rate decision (Expected: 0.5%).
BNB Chain ($BNB) will launch the Pascal hard fork on the mainnet.
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Token Unlocks – Potential Sell Pressure Ahead
Several significant token unlocks are scheduled for this week, which may lead to increased selling pressure for certain assets.
March 18 (Monday)
$WLD: 3.42M tokens (~$5M)
$GRT: 88.41M tokens (~$8M)
$SOLV: 176.33M tokens (~$8M)
$APE: 15.60M tokens (~$8M)
March 21 (Friday)
$IMX: 27.31M tokens (~$15M)
$AVAX: 1.67M tokens (~$32M)
March 22 (Saturday)
$ID: 78.49M tokens (~$19M)
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This week is full of crucial events that could influence the crypto market. The FED rate decision and Powell's press conference will be closely watched, potentially impacting overall market sentiment. Additionally, network upgrades and futures launches could drive volatility in specific assets, while the large token unlocks might create selling pressure. Traders should stay cautious and informed.
Alt-Season is DONE! ⛔ But Is Profit Still Possible?
The excitement has faded, and the market is slipping into bearish territory. But that doesn’t mean you can’t still make profits! With the right approach, shorting trades can help you navigate through a downtrend.
Are you ready for this shift? What’s your strategy for the bear market? Share your plans below! 📉🔥 #Crypto #AltSeason #BearMarket #Trading
Following a thorough investigation, Binance has uncovered that a market maker involved in the GoPlus Security (GPS) project was also engaged in market-making activities for MyShell (SHELL). In response, Binance has swiftly removed and permanently banned this entity from any future market-making on its platform.
The illicit proceeds from the market maker's activities have been seized and will be used to compensate affected GPS and SHELL holders. Binance will soon release a detailed compensation plan.
Binance remains committed to maintaining a secure and trustworthy trading environment. Stay tuned for further updates! 🚨
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