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Rowan Smith
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According to "coincentral" News BlackRock sold $151 million worth of Ethereum, reallocating the funds into Bitcoin. This means that in the coming days, the price of Bitcoin is going to increase.
#bitcoin
#Balckrock
#bitcoinnewsupdate
#bitcoinguess
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Massive Bullish Bets on ETH Despite Market Pullback Deribit data shows the $6,500 ETH call is now the top option by open interest, exceeding $383M in notional. Other heavily traded calls include $4K, $5.5K, and $6K strikes. This surge in bullish positioning comes while Ether has dropped 26% this quarter, currently around $3,060, after hitting lows below $2,650 last month. Are traders preparing for a sharp upside move? Share your thoughts 👇 #ETH #Deribit #OptionsTrading #CryptoMarket
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🔥 Market Update: DOGE Hits Critical Support Dogecoin slid 5.5% to $0.1730, breaking below the crucial $0.1720 level as heavy selling dominated U.S. hours. Price action now shows a clear lower-high + lower-low formation, signaling sustained bearish momentum. Key Levels to Watch: 🔸 Support: $0.1719 → $0.17 (current make-or-break zone) 🔸 If broken: $0.1650–$0.1600 (weekly 200-EMA + major structural support) 🔸 Resistance: $0.1789 (failed reclaim triggered the breakdown) What’s next? • RSI near 38 = slightly oversold, but not capitulation • Order-flow shows systematic de-risking, not panic • Volume is cooling → potential for short-term relief bounce if sellers fade DOGE traders are watching the $0.17 handle closely — lose it, and the next leg down opens quickly. ⚠️
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🐶 DOGE Approaches Make-or-Break Zone as Bitcoin Weakness Pressures Majors Dogecoin dropped 5.5% to $0.1730, breaking below key support after heavy sell volume. The move confirms a short-term lower-high, lower-low structure as sellers dominated during the U.S. session. Key Levels to Watch $0.1720–$0.1719: Current fragile support zone $0.1789: Failed reclaim → confirms near-term bearish bias $0.1650–$0.1600: Next major downside target (weekly 200-EMA) Market Structure Momentum remains weak as DOGE trades below short-term MAs Hourly RSI ~38 suggests mildly oversold, but no capitulation Volume tapering indicates possible seller exhaustion — but buyers not yet stepping in Outlook The big question: Can DOGE defend $0.17? If this level breaks, analysts highlight the $0.16 weekly 200-EMA as the structural “line in the sand” for long-term trend continuation.
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🚨 Market Update: Bitcoin Hits $91K — But Resistance Looms BTC has pushed past $90,000, supported by growing expectations of a December Fed rate cut. However, QCP Capital highlights several headwinds: 🔸 Strong resistance expected in the mid-$90K range 🔸 Key support remains $80K–$82K 🔸 U.S. Bitcoin ETFs still lack meaningful inflows 🔸 Market liquidity continues to shrink 🔸 AI-sector credit looks shaky, cooling overall risk appetite
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$XRP is at a critical pivot after a high-volatility session. 📊 $164M day-one ETF inflows into Franklin Templeton’s XRPZ and Grayscale’s GXRP highlight strong institutional appetite. But derivatives markets flipped: Binance OI dropped from $1.7B → $504M, triggering one of the largest liquidation events since 2022. 🐋 Whale wallets distributed 180M XRP, adding near-term selling pressure. Technical Outlook: • XRP broke below $2.24 and is retesting $2.20 support • Consolidation band forming at $2.20–$2.21 • Macro wedge structure still intact, projecting a $4.50–$7.00 long-term target if $2.38 is reclaimed • Indicators show reaccumulation, not collapse What to monitor: ✔ ETF inflow momentum ✔ Whale distribution vs. accumulation ✔ Whether OI stabilizes ✔ Defense of the $2.20 level A reclaim of $2.24 could revive bullish continuation. A breakdown risks $1.88–$1.91.
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