Today I decided to share some thoughts on the market🤔
Today we are observing a slight pullback, altcoins are taking a pause after a strong rise, and this is absolutely normal. Many projects have already proven themselves well, and now we are in a cooling phase.
We are watching Bitcoin and its dominance: it has increased slightly, and as soon as a downward reversal begins — we can consider carefully accumulating longs on strong altcoins. The volatility index remains above 1, the market is active, and news is ahead — be cautious.
Do not rush to short until the market shows clear reversal signals. The global structure remains positive, patience is more important than emotions right now.
🔸 BNB is back on top, CZ is on the Forbes billionaires list
BNB has risen to ~$1300 and has taken third place among the largest crypto assets, surpassing XRP and USDT.
And Changpeng Zhao has climbed to 21st place in the global Forbes ranking with a fortune of $87.3 billion — and the lion's share of his capital is still in BNB.
95% of bitcoins are back in profit — Glassnode reports on the phase of euphoria
The price of BTC has risen above $117,000, and now more than 95% of all coins are in profit, analysts at Glassnode note.
According to them, this is a typical sign of the 'euphoria' phase, when most market participants lock in profits, which increases the risk of a soon correction.
FTX filed a lawsuit against Binance — the latter responds with a request to dismiss the case
The $1.76 billion claim from the bankrupt FTX is being contested by Binance. The exchange believes the claims are unfounded and states that the case should be closed.
Arguments include the lack of jurisdiction of the US court and that the real culpability for the collapse of FTX lies with its former CEO, not with outside players.
Locally, the coin looks stronger than the market, we may get a good reaction soon, accumulate position with a small percentage of the deposit, the market is dangerous, additional purchases are possible below!
🚨 FRESH NEWS: The tokenized fund BlackRock BUIDL worth 2.8 billion dollars just completed its first direct integration of the DeFi protocol in partnership with #eulerfinance on blockchain #avax.
Locally, the coin looks stronger than the market, and we can expect a good reaction in the near future. Start building your position with a small percentage of your deposit, the market is risky, and there may be an opportunity to buy lower!
Locally, the coin looks stronger than the market, we may get a good reaction soon, accumulate a position with a small percentage of your deposit, the market is risky, a buy-in below is possible!