ugursen (@ugursen) • Hey
ugursen (@ugursen) • Hey
Publications
- Increased miner #outflow occurs around halving events in the cryptocurrency market, such as those in July 2016 and May 2020 for #Bitcoin. Miners sell more of their mined cryptocurrencies to cover costs ahead of #halving, where mining rewards are reduced by half. This selling pressure by miners contributes to downward pressure on prices before halving events.
n this cycle, we can see that the outflow rate soared sharply in January 2024. This is because miners moved a large amount of their holdings to the #ETF with the approval of the #BTC #ETF.
- #BTC made a clean break with the Daily Candle close and obviously H4 Too. Price now returning back to the support zone for a retest and anticipated to push higher rom here. Plenty, of on chain action activity going on showing market absorbing the pressure.
- I bid 55578 Phaver Points in the Week 3 Phaver-Up Auction
- GM💜Morning🌞✨
- The Halving event, the transaction fees for #Bitcoin reached an all-time high, totaling over $ 80M.
Currently, miners are extremely overpaid.⛏
This increase in fees can be attributed to the reduction in block rewards for miners, which has led to increased competition and higher fees required to have transactions validated promptly.
- #BTC in Weekly and Daily TF playing well, price tapped into the support zone kept on rising with a Inverse Head and Shoulder Pattern. Currently, #BTC breaking the resistance area, where candle close is still pending yet. A complete breakout will increase the probability of reaching the $ 70,000 mark again.
- GM💜 morning☀
Have a beautiful new week🌿 💚
- By mid-March, the spot volume delta reached +$ 143.6M, which is slightly lower than the peak in February 2021 ($ 145.2M) but indicates a major shift towards a net buy-side bias. Notably, most of 2023 experienced a net sell-side bias in spot markets despite the fact that markets had minimal pullbacks, and steadily climbed higher.
- #TOTAL2 MARKET CAP UPDATE :
#TOTAL2 Cap tried to made the Inverse Head & Shoulder Pattern, and melted down after the consolidation. The support zone around $ 940B - $ 956B, where price is hodling the support. The structural resistance is at $ 1.0T Mark and a break of the resistance will lead in alts rally.
- GM 💜Good morning Frens ☀
- The new US Spot #ETFs have become a dominant force in the market. These new instruments introduced a significant source of new demand into the market, more than offsetting the daily issuance, as well as sell-side pressure from #GBTC and existing holders.
Comparing spot trade volumes 🟧 and ETF trade volumes 🟦, there is strong correlation between these markets, with ETFs trading around 30% of the size of global spot markets. We can also see the seasonality impact of weekends, where ETF markets are closed, and spot trade volumes are notably lower.@
- Have a enjoy time❤
- #BITCOIN DAILY TF UPDATE :
#BITCOIN on Daily TF,goes all the way down towards the $ 60,000 level of support and even wicked below it. Price kept on testing the support area and rejecting multiple times. Now, focusing on the Market structural shift in Daily TF, to turn the price bullish, and H4 is already into play.
- GM💜 morning☀
Have a beautiful weekend🌿❤
- We can see a positive momentum signal to what has been in play since July 2023, suggesting the flow of coins in and out of exchanges is also heightened. The monthly average of total Exchange Flows (inflows plus outflows) is currently at $ 8.19B per day, significantly higher than the peak in the 2020-2021 bull market.
Overall, Bitcoin’s YTD price action is supported by a significant uptick in spot trade volume, and exchange flows onchain.
- #BTC made a quick dump as soon as the news came out over Israel will attack Iran. Price Nearly enters the support but we can see a quick recovery too. It shows the market optimism but still we caught up in a range, so waiting for a break would be better.
- GM💜 morning☀
Happy Friday 🌿🪻
- As Long-Term Holder (LTH) realized profits rise, their sell-side risk ratio has also increased, especially since October 2023. This trend aligns closely with previous all-time high breaks, indicating that distribution pressure and profit-taking by LTHs mirror past cycles. In summary, the current market behavior suggests a familiar pattern of LTHs managing profits and risks, similar to historical trends.
- #TOTAL MARKETCAP ANALYSIS :
#TOTAL MARKETCAP turned bearish with the structure and we can all see the reaction in the market too. Index Kept on driving lower towards the support zone of $ 2.07T -$ 2.17T. Now, this support needs to hodl properly as if broken then can see some clean moves down towards the $BTC reaching $ 54,000 - $ 55,000. Just tighten the stops and wait for the movement.
- #BTC goes with the dip down back to the support zone as expected, and made a wickfill. Price bounced from there but still maintaining the bearish market structure. Well, its still a worth to watch the price action and also a good area to re-accumulate.
- GM💜 morning☀
Have a great day💚
- #BTC.D UPDATE :
We saw a breakout of the resistance area and alts tighten up the positions as expected. With that, #BTC also dumped due to major fundamental events, now market is slowing down a bit and alts trying to recover a bit. Now, we still have room for a tiny bit of correction, before started moving up.
- #Bitcoin again dipped and moved back and forth just above the support zone. On HTF, price still going on with the consolidation and expecting nothing unless a break of the resistance around $ 65,000 or support happens.
- GM 💜morning☀
Have a beautiful day 💛
- we can see their Realized Profit / Loss Ratio has gone exponential and vertical. By definition, this is a result of there being no LTHs in Loss when the market has only recently broken above the last cycles ATH. This is further fueled by the aforementioned uptick in LTH profit taking.
- I bid 52052 Phaver Points in the Week 2 Phaver-Up Auction
- #BTC made retest back to the resistance area, and falling lower as expected. Price did gave a fakeout which added some confluence to the lower push. Now, a wick-fill is expected and retest to $ 60,000. a Liquidity grab is expected below $ 60,000 mark and tap-in support at $ 59,550.
- GM💜 morning☀
Have a beautiful day❤
- Algo ❤🐱
- We can also see that STH Realized losses spike during dips as local top buyers panic spend on expectations the market may go lower. The magnitude of realized loss is also increasing for each successive correction, which suggests a growth in the volume and size of top buyers for each leg higher.
- #BTC broke the range to the down and we say the HTF direction says the same. Price trending lower and broke all the support and made a rejection, nearly from the $ 60,000 area, which act as support. Currently, price retesting the zone, as better watch out the market due to volatility. A breakout is needed to see some sort of strcutural shift.
- GM💜 morning☀
Happy new week🌿💚
- we can see Realized Profit / Loss Ratio has gone exponential and vertical. By definition, this is a result of there being no LTHs in Loss when the market has only recently broken above the last cycles ATH. This is further fuelled by the aformentioned uptick in LTH profit taking.
- Another Day and Nearly $ 1B+ Liquidation....
Be careful getting into Futures Trades...
- #BITCOIN WEEKLY TF UPDATE :
#BITCOIN needs to push up but dumped near the closing of the week due to some fundamental news on conflict between Israel and Iran. Now Price testing the lower support zone of $ 61,500 - $ 62,250. A candle between the range, will lead in consolidation and lower breaks too. Its better to stay cool now and wait for the dust to settle down.
- GM 💜morning☀
Happy Sunday🌿 ❤
- We can also see that STH Realized losses spike during dips as local top buyers panic spend on expectations the market may go lower. The magnitude of realized loss is also increasing for each successive correction, which suggests a growth in the volume and size of top buyers for each leg higher.
- #BITCOIN DAILY TF UPDATE :
#BITCOIN on Daily TF, didn't made any massive move but yes there's some aggressive moves within the zone/ range. Price itself moving within the large range and nothing to expect, on a breakout to the upside is expected. Other scenario can be a deeper retest back to the support around $ 60,000 which is less market but healthy for the market.
- GM💜Good morning Frens!☀
Have a great weekend 🌿💚
- Have a enjoy time❤
- #BTC.D (#Bitcoin Dominance) Analysis :
#BTC.D moving within the small uptrend channel pattern and we already saw some whipsaws moves in the market. Dominance is been kept on rejecting the resistance at 54.50% - 54.59%. A breakout will tighten the moves in altcoins if #BTC remains stable or we'll see some strong rejection then we might get into a mid-season alts rally.
- #BTC flipped the zone and kept it hodling the level, with that, price also facing resistance from the $ 71,250 area, which looks like kinda stuck in between the level. A small accumulation is been started, and a strong breakout is needed for a clear direction.
- If you want things to be different, perhaps the answer is to become different yourself.❤
- Have a enjoy time❤
- #BTC dropped with the #CPI Data Release and strong climbed up again. Price still moving back and forth, with that Daily TF, made a fakeout to the down side (Close below and Close Above). Anticipating, a retest of the zone and push in the market.
- GM 💜morning ☀
Happy thursday ✨
- Liveliness is showing a continuous increase, signaling that overall, long-dormant coins are being spent more rapidly than the accumulation of holding time by HODLed coins. This underscores the idea that the market has shifted towards a phase where spending and profit-taking are now the prevailing market dynamics.
- #BTC made a break below of the zone as the strong rejections. The break was due to #grayscale inflow, and currently it retesting the zone as resistance. Now, it a bit confusing point, so better wait for the clarity from the market.
- GM💜 morning☀
Have a great day🌿💚
- Perfect💜