#BTC ๐จ The market is either setting a trap or gearing up for a brutal pump? BTC is holding at the critical zone of 78,500, and the candlestick action is getting tense ๐ตโ๐ซ Long positions might get wiped out... Shorts that are too confident could face sudden liquidations ๐ฅ The next move is likely to be significant. Anyone caught in the wrong position tonight might be crying while looking at the chart ๐๐ฅ๐ฅ #Binance #TradingFuture #Crypto #Bitcoin
#ATOM ๐ฅ ATOMUSDT is making waves! Just from a small move, this futures position scored nearly 80% ROI with 50x leverage ๐ฑ๐ Many traders are starting to eye ATOM as it's seen to be 'waking up' after a long lull. The question is... is this just the start of the pump or is it about to soar even higher? ๐๐ฅ๐ฅ #SouthKoreaNPSIncreasesStrategyStake #NakamotoQ1Revenue500PercentGrowth #BTC
Binance Releases May Proof of Reserve Update, BTC Reserve Ratio Reaches 100.22%
Binance has released its May proof of reserve update. As of May 1st, users' net BTC balance stood at 606,742.388 BTC, while Binance's wallet balance was 608,067.979 BTC, resulting in a BTC reserve ratio of 100.22%. Additionally, users' net ETH balance was 3,762,321.834 ETH, with Binance's wallet balance at 3,762,328.82 ETH, giving an ETH reserve ratio of 100%. The USDT reserve ratio was 104.27%, and the BNB reserve ratio was 101.68%.
Bitcoin has surged beyond the horizontal supply zone with strong trading volume, converting that area into a new support level. The Ichimoku Cloud is also providing a supportive base, further strengthening the bullish setup.
That said, the 200-day moving average remains a critical resistance overhead. A decisive break above the 200MA, backed by significant volume, would likely trigger the next leg of bullish momentum in the market.
$BTC Whoever calls it a scam probably just doesn't get the game ๐ Thank goodness I'm cashing in today ๐๐ต Ready to HODL or should I take profit first?