💬 Many coins have shown an increase of 10% - 15% against the backdrop of Trump and Iran reaching a temporary ceasefire and cessation of hostilities. Essentially, this is pure news manipulation. Iran is striking U.S. military bases - we are dropping.
🕊 Iran and the U.S. are agreeing to a ceasefire - we are rising.
Iran has violated the ceasefire agreements - we are dropping.
And so it goes in circles. Technical analysis is simply adjusted to fit the necessary news, but it has no influence right now. If someone says that the market is predictable and deterministic at the moment - feel free to unsubscribe.
Today, Powell will also be speaking - the market will react to his words, depending on what expectations he sets for the next meeting.
For now, many coins look like they will continue to rise and are forming new Elliott cycles, but at any moment Trump could come out and announce massive strikes on Iran, after which we will drop again or something else will happen.
Get used to it - such realities will last for more than just a week. The number of local black and white swans is off the charts (unpredictable positive or negative events that influence the market).
While you whine about the flat — someone is loading ether worth $422 million.
A wallet, presumably linked to ConsenSys, continues to buy ether through Galaxy OTC — already 161,112 ETH for $422 million in three weeks. Direct over-the-counter purchase, without impacting the price.
This is either accumulation for institutional staking, or preparation for the launch of a custodial service. It is possible that part of these funds will go to support the ecosystem — through grants, DAOs, Layer 2.
Purchases are happening at a moment when the market is sluggish, and liquidity is weak — typical work of gathering while no one is interfering.
Is this noise or a signal — you decide. But such amounts are not being accumulated for fun. Someone is building infrastructure. While you argue with the chart. $ETH
We are waiting for a drop to 70,000, altcoins are really struggling; those that didn't roll back to 90 will roll back to 120%.
Market sentiment has worsened.
The Fear and Greed Index has dropped to 42 points, which is in the fear zone.
The average index value from June 9 to 15 was 61 points — a level of 'greed'. A month earlier, the figure was even higher — at 70.
Thus, we see a deterioration in the situation, as well as an increase in dominance, which is now practically at 66%. Against this backdrop, altcoins have started to decline again, and there are currently no signs of improvement. $BTC
#HMSTR New bottom. It's a pity for those idiots who invested $15,000 there.
Looking at the coin's chart, it feels like someone handed a pencil to a child and they simply drew a line downwards. The asset has 0 buybacks, 0 volumes, 0 interest from investors - there is absolutely nothing. The bottom is updated regularly.
Such is the fate of ANY token - open the chart and check. The same fate will befall Blum, no matter how hard they try with tokenomics. The project is a shell and has no real application in the world, and as a consequence, is not needed in the market.
We are cleansing ourselves of garbage and reassessing the necessity of 99% of projects. People are just beginning to understand the true value of fundamentals. Yes, someone will say that OP and ARB are falling, and once the strongest 1INCH is at the bottom or ZKJ, which got scammed - and they will be right, but when the market starts to recover - these projects will come back to life, but will the tokens?
And what about the perspective of 3 years? Or 5 years? Which project will remain in 5 years - inch or hamster? I think the answer is obvious.
It's high time to switch to a utility system, not hype. A system of real application, not speculation. It's high time to become a normal market, not a dumping ground for outcasts. $HMSTR
In 2021, Gerald Cotten, the founder of Quadriga, passed away. He had access to $190 million in crypto, and no one else did.
Because of this, his crypto is still stuck in the blockchain — and no one can touch it.
In crypto, if the owner dies and no one knows their seed phrase — the cryptocurrency disappears forever. But there are still ways out; they just need to be thought out in advance.
😇 Blum rolled out the drop checker — you can check it in the app in TG.
They also showed the TGE conditions: 30% $BLUM will be credited to users immediately on the distribution day. The remaining 70% will be distributed daily in equal parts over 180 days.
However — if you claim the tokens without waiting for the end of the vesting period, the remaining $BLUM will be burned.
The choice is yours: receive 30% of the coins immediately on the TGE day or wait for the full unlock.
Share in the comments how much you earned and what you think of the drop conditions🙂
Personally, I bailed on the project back in season 1, when they rolled out the meme pad or scam pad as they say!
I decided to take a look at the BTC liquidity map before going to bed, and the picture is not so straightforward. On one hand - locally, we have a decent magnet for the price above, on the other - at the level of 103,000, there's a solid shelf that will attract the price sooner or later. And BTC itself feels like it's not yet ready for a new ATH.
At the moment, while the minds of retail traders are clouded by geopolitics, it's a great time to dip down to $101,800, gathering all the liquidity and triggering a wave of panic before setting a new historical maximum.
But, don't forget that the market always lives its own life 🫡 $BTC
😵 How ZKJ fell from $2 to $0.29 in an hour and a half.
On June 15, the ZKJ token from Polyhedra Network plummeted by -85% in just 90 minutes. Over $94 million in liquidations, mass panic, and sell-offs.
The KOGE token, linked to ZKJ through pools, also fell. We analyze the reasons for the rug pull.
💥 Why ZKJ collapsed
🟢 Coordinated attack by whales
Several large addresses pulled liquidity from the pools on PancakeSwap and sold massively on the market. A total of: 5.23 million ZKJ tokens ≈ $9.6 million.
For example, the market maker Wintermute sold as much as 3.39 million ZKJ, which significantly accelerated the token's fall. This triggered a wave of liquidations.
🟢 'Stabilization' from the project
To somehow save the situation, the Polyhedra team directed $30 million in liquidity from 100 wallets.
But there's a catch: these transfers occurred BEFORE the crash, and there were no real purchases to support the price.
🟢 Change of rules on Binance Alpha
ZKJ was popular due to the Binance Alpha platform, where trading the token could earn good Alpha Points.
Because of this, ZKJ was artificially pumped by traders and drop hunters. And the recent changes in Binance Alpha rules reduced the rewards for farming points.
This collectively made the token an ideal target for a speculative attack. $ZKJ
A fairly strong project that was able to implement a complex zero-knowledge system and was considered the most ambitious project in the market - has been scammed to zero yesterday. The coin dropped by 85% and wiped out all its holders.
The development team scattered the emission across 20 wallets and then dumped it all into the market. Unfortunately, such things have happened, are happening, and will continue to happen. There is nothing to be done about it, and when you invest in crypto, you must be aware of all the risks.
Now the project is dead and is getting delisted from everywhere. It adds to the collection of scams and sinks into the annals of history, or will it come back to life? 🤔
I want to start by saying that the absurdity in the market continues. The unemployment data is negative, and right after that, there are news about Trump's trade negotiations with China. Trump is unhappy with Musk, and Trump's company is shutting down the company that created the $TRUMP token.
In general, an interesting situation, and now about the actual situation
The chart from the previous review has not changed. BTC continues to decline according to our plan, and already below the level of $101,000, one can start accumulating longs in the medium term with additions below.
Altcoins continue to feel pressure due to the high BTC dominance, but I think we will see the low of the month at night, and the entire market will start to rise! $ETH $BTC
A critically important event for crypto - Jerome holds the position of head of the US Federal Reserve and does not allow Trump to lower interest rates, which he desperately wants to stimulate the economy and develop his projects, disregarding inflation and subsequent problems.
If Powell leaves, the market will start to rise, as interest rates will be lowered and liquidity will flow into the markets.
A very important event that I will be watching and making decisions about the market based on what we are told today and what information will be given. $BTC
Wow, today is some kind of celebration, the biggest reward for #WritentoEarn wow wow wow #Binance what are you doing, stop).
In any case, thank you, this is unexpected and nice, and I didn't use the referral program with trading, this is purely for activity, and possibly for transitioning through my posts to trading points.
Good news for ruble holders and bad news for those who receive salaries in dollars and regularly convert them into rubles. I have conducted numerous analyses, and everything indicates that the ruble will continue to strengthen in the range of 60 - 50 rubles per dollar.
The dollar itself is currently losing ground, and it is likely that this trend will continue for another 3 to 12 months. In my opinion, it is wise to convert to rubles from dollars now (if you regularly withdraw for living expenses), as it will be very unpleasant to withdraw at 60 later.
This is NOT financial advice; I am sharing my opinion and what I will personally do. I am interested in your opinion on the ruble. I will not elaborate on all my complex calculations and analyses here - I would go crazy, and you don't need that.
Wallet owners with balances of at least 10,000 BTC have shifted from buying to distributing coins, while investors with smaller positions continue to accumulate digital gold. This is reported by CoinDesk.
Such conclusions arise from the change in the Accumulation Trend Score indicator, which shows the dynamics of the accumulation degree across various categories of addresses. For the largest holders, the score has dropped to 0.4. The metric varies from 0 (dominance of sales) to 1 (dominance of purchases).
On-chain analysis complements the dynamics of coin flows from major players from exchanges to non-custodial wallets. In two of the last three days, whales have started to deposit bitcoins back into accounts on CEX, which is usually associated with an upcoming sale.
🚫The Bitcoin downturn led to liquidations of nearly $700 million
The sharp decline in the exchange rate caused mass liquidations of leveraged positions. According to Coinglass, nearly $700 million was liquidated on major crypto exchanges in one day, of which more than $200 million was in Bitcoin longs. More than 200,000 traders faced losses.
Liquidations occur when a leveraged position goes so far into the negative that the trader’s collateral is insufficient to cover the losses. In this case, the exchange forcibly closes the losing trade.
This week's hero can confidently be called the trader with Hyperliquid under the pseudonym James Wynn. Over the week, he lost nearly $100 million trading against the market. By the way, he continues to trade, having opened a new position that is already at a loss of $3.5 million.