discount

​The start of the week, marked by Cyber Monday, has seen risk assets, including Bitcoin, under renewed pressure. The current price action is creating a massive buying opportunity, effectively offering a "discount" on $BTC.
​Current Situation:
​$BTC is currently trading around $86,000, down significantly from its recent high near $91,000 over the weekend.
​The entire crypto market experienced a sharp sell-off at the start of the week, with $BTC sliding as much as 6% in one session.
​The macro environment is cautious, with the market reassessing risk tolerance after last week's gains.
​Why This is a Potential "Cyber Monday Deal":
​Liquidity Divergence: Bitcoin's recent 30% decline from its October high near $124,000 is a much steeper and faster correction than those seen in traditional markets like the NASDAQ. This exaggerated, fast move means the market adjustment might already be complete, positioning $BTC to outperform when risk appetite returns.
​ETP Inflows: Despite recent volatility, regulated crypto Exchange-Traded Products (ETPs) recorded a strong $1.07 billion in inflows last week, breaking a month-long outflow trend. This suggests institutional confidence is improving, viewing current prices as an accumulation zone.
​Consumer Spending Data: The release of strong Cyber Monday consumer spending data this week could give the Fed justification to hold rates, but if spending is soft, it increases the case for a rate cut, which would be extremely bullish for risk assets like crypto.
​The current weakness is likely a final shakeout fueled by macro uncertainty and recent FUD.
​Foreheadburns View
​The market is giving you a final chance to buy at a discount. Cyber Monday in traditional retail offers deals; in crypto, it offers a necessary liquidity cleanse and a return to the $83,000–$85,000 defensive zone.
​I view any price action below $90,000 as a deep-value opportunity. The long-term trajectory is unaffected by this short-term fear.
​#BTC #CyberMonday #BuyTheDip #Discount #Foreheadburns

#Announcement
Latest #Binance News
Binance Announces Blockchain Week Dubai 2024 With Early Bird Tickets Now on Sale
This is a general announcement. Products and services referred to here may not be available in your region.
Dear Binancians,
Binance announced that its two-day Binance Blockchain Week Dubai 2024 conference will run from 2024-10-30 to 2024-10-31, in Dubai’s Coca-Cola Arena.
Theme of Binance Blockchain Week Dubai 2024:
The event this year will cover the theme of momentum: “Momentum propels our industry, not only taking us through challenges but also leading us to our biggest achievements. This theme explores the current state of our industry, the hurdles we’ve overcome, and where the momentum will carry us next.
As the industry expands, it generates several questions: How do we continue being a force of positive change? How do we preserve the core values of cryptocurrency? How do we adapt to evolving laws and regulations?”
How to Get Early-Bird Tickets at Discounted Prices:
Attendees can purchase early bird tickets by heading to the ticketing portal while stocks last.
Ticket prices start at #USD99 (excluding 5% VAT) and offer a #discount of over 80% off the general admission ticket price.

Early bird tickets are distributed on a first-come, first-served basis, after which full-price tickets will go on sale.
Buy Now!!
Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
#Disclaimer : Assets are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.

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