📌 Price movements in the last 24 hours: - $BTC continues to be dumped to $94k2 raising suspicions from Blackrock's BTC transfer move - Altcoins dropped sharply on average from 15-20% after BTC's adjustment - A few altcoins have lower bottoms than yesterday - More than 510 million USD netflow of stablecoins was deposited on exchanges in the last 24 hours
📌 Notable cash flow on Binance: The market adjusted so there are no notable cash flows.
📌 News worth reading in the last 24 hours: - CEO of Goldman Sachs: Will consider buying Bitcoin and Ethereum if the regulatory environment in the US changes - Microsoft rejected a proposal to buy Bitcoin reserves - CZ believes that China will soon buy Bitcoin reserves
- $TOTAL (total market capitalization): -10% - $TOTAL 2 (total Altcoin market capitalization): -17% - $TOTAL 3 (total Altcoin market capitalization -ETH): -20% - $OTHERS (total market capitalization minus top 10): -27% - If including leverage, it could reach tens or even hundreds of %
You will see the truth is:
- When you buy low-cap altcoins hoping for the highest increase, during corrections, they will also drop the most.
- If you use leverage hoping to get rich quickly, you will be out of the game the fastest with those sweeps (there will be many, even worse ones even with an uptrend)
📌 24h price movement: - BTC creating a sideway range around the $100k mark, techcoins temporarily out of push - Altcoins are experiencing slight adjustments according to BTC, BTC.D slightly rebounds - Altcoin Season Index decreases slightly to 76 - Over 131 million USD in netflow of stablecoins withdrawn from exchanges in the past 24 hours
📌 Notable cash flow on Binance: - DEX: $SUSHI, $1INCH - Fan token: $PSG, $BAR - GameFi: $TLM, $LOKA ...
📌 Weekly news summary: Binance lists Across Protocol (ACX) and Orca (ORCA); The Korean Crypto market in turmoil due to martial law; Fed Chair: “Bitcoin is like digital gold”; What drives the price of Bitcoin to break the $100,000 mark
📌 Market movements in the last 24 hours: - BTC returned to the $100k mark after the KILL LONG event yesterday morning - An additional 2 billion USDT minted due to the current high demand for stablecoins - Altcoins are taking turns to increase in price, with no single narrative completely outperforming - Over 930 million USD netflow of stablecoins deposited on exchanges in the last 24 hours
📌 Notable cash flow on Binance: - DeFi: $CRV, $LQTY, $YFI, $SUSHI - Old L1: $ONE, $HBAR, $IOTA ...
📌 3 news articles to read at the start of the day: - 93% of GameFi projects have "died," with an average lifespan of only 4 months - The Crypto market is rising sharply, who benefits the most? - France proposes to tax Bitcoin and Crypto
Can we call this the God Candle phase (the legendary candle) guys?
- BTC starts to slow down - BTC.Dom decreases, total 2/3 increases strongly - Altcoins soaring with x2x3 in a day - During this phase, there should be stock on hand and wait for your turn, not waiting for the above factors to happen before considering stock. Can't do it otherwise.
Unlike the phase of 2020 - 2021, God Candle is for new projects (trends) that emerged in 2019-2020: $SOL $AVAX $SAND …
Currently, the projects are large cap, coins like $XRP $TRX $HBAR $ADA...
The next project I hope to see the God Candle is ETH. What about you guys? 😎