Bitcoin continues to face strong pressure as new investors
Bitcoin continues to face strong pressure as new investors – a group often seen as 'weak players' – have sold off more than 148,000 BTC on November 14, mostly at a loss.
This happens right as the price of BTC drops from $107,500 to nearly $92,000, wiping out almost all of the year's gains and raising concerns about the market potentially dropping further below $90,000. CryptoQuant reports that the sold BTC is held by individuals who have held it for less than a month, with an average purchase price of around $102,000–$107,000.
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The evolution of the @0xPolygon ecosystem is truly exciting!
The $POL token is at the heart of the Polygon 2.0 vision, designed as a "hyperproductive" asset to power a unified network of ZK-powered chains. This upgrade, especially with the AggLayer, is key to massive scalability, connecting all chains to feel like a single blockchain.
The focus on low transaction costs (often less than $0.01) and high throughput (up to 75,000 TPS) makes it the go-to platform for everything from DeFi and gaming to enterprise solutions and asset tokenization.
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Long and short (buy/sell) signal indicator, when Ethereum was at 4720, it prompted a 'sell' warning, while monitoring through Valuescan the main capital flow monitoring software found that ETH main players were crazily offloading (large capital outflow)! So decisively liquidated positions and exited!
Definitely sold close to the highest point! Now waiting for a new buying point to re-enter the market!
Because Bitcoin and Ethereum have both reached new highs, there is a need for temporary adjustment and consolidation, clearing some profit-taking positions! However, overall it won't drop too deep, with Ethereum's support below: 4460 4450 4397 Bitcoin's support below: 120605 118920 118608
The above analysis is for reference only! It does not constitute investment buying and selling basis, please make your own decisions! Ensure to manage profit-taking and stop-loss risks!
The MITO token is the native utility and governance asset for Mitosis, a Layer-1 blockchain protocol designed to solve fragmented liquidity across the decentralized finance (DeFi) ecosystem. Mitosis unifies crypto assets by transforming them into programmable and cross-chain compatible "Hub Assets" that can be deployed into various yield-generating strategies, democratizing access to superior DeFi returns.
Key details about $MITO:
Project Goal: To unify fragmented cross-chain liquidity.
Mechanism: Mitosis converts illiquid deposits into programmable components, allowing them to be used across multiple blockchains, thus improving capital efficiency.
Utility: $MITO is used for network fees, staking to secure the chain, and governance, where staking $MITO grants users the governance token, $MITO
{spot}(MITOUSDT)
Token Supply: The maximum and total supply is set at ( 1,000,000,000 MITO tokens ).
Mitosis aims to be a foundational infrastructure for a more efficient, interconnected, and equitable multi-chain DeFi future.
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