2 months of rally sent BTC to $69,519, cannot to surpass $70 | highlander072024 on Binance Square

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highlander072024

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2 months of rally sent BTC to $69,519, cannot to surpass $70,000
Time for a correction, i think $BTC  goes to  $52,000 in the next 3-4 days
#TipsTradingFuture #BTC☀ #marketdownturn 

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Crypto Market’s 4-Month Slump is Over! Retail Investor Demand Hits New Highs! After four months of decline, retail investor demand in the crypto market has surged once again. According to CryptoQuant data, retail demand has increased by 13% in the last 30 days, reaching levels last seen in March. Rise in Retail Investor Demand CryptoQuant considers on-chain transaction volume under $10,000 as a key indicator of retail investor behavior. This metric provides valuable insights into capital movements within the network. Analysts believe this surge in demand suggests that investors are becoming less risk-averse, possibly signaling the start of a new bull market. Bitcoin’s rise to $66,685 is supported by renewed institutional interest and positive market signals. The return of smaller investors is seen as a sign of decreasing risk perception. Since its November 2022 low, $BTC has increased by 330%. However, some experts argue that despite the influx of retail investors, the bull market has not fully taken off. Institutional demand has largely driven Bitcoin’s rally since early 2024. The approval of Spot Bitcoin ETFs in the U.S. in January sparked significant interest from major investment firms. Analyst Cole Garner believes that the market is still in the early stages of its growth potential. According to Garner, past market cycles are repeating, and the bull market has yet to begin. Market expert Michaël van de Poppe compared Bitcoin to other financial indicators, suggesting that it is possible to predict when the next significant price surge might occur. Van de Poppe emphasized that Bitcoin is still in its consolidation phase. #TipsTradingFutures #marketdownturn #CryptoExplorerFiesta

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BTC & ETH Contract Options Expiry Soon, Crypto Weakens CNBC - The crypto market moved variably today with a tendency to weaken ahead of the moment when the monthly bitcoin (BTC) and ether (ETH) option contracts will expire on Friday this week. Ethereum depreciated 1.62% in the last 24 hours while in the week it strengthened 1.25%. BNB slipped 1.01% on a daily basis while it rose 0.24% over the week. The CoinDesk Market Index (CMI), a market cap-weighted index for digital asset markets, fell 0.26% to 2,479.81. Open interest depreciated 1.01% to $72.68 billion. Meanwhile, the fear & greed index reported by coinmarketcap.com shows a figure of 57, indicating that the market is in a neutral phase with the current economic and crypto industry conditions. Quoted from coindesk.com, Bitcoin has failed to pass the US$70,000 level even though there has been a strong inflow of funds into the Bitcoin Spot ETF since October 11, 2024. This coincides with the moment when the monthly bitcoin (BTC) and ether $ETH options contracts will expire on Friday this week.$4.2 billion worth of BTC and $1 billion worth of ETH options contracts will expire on Deribit at 08:00 UTC. An option gives the holder the right, but not the obligation, to buy or sell an underlying asset at a specific price within a specific time period. According to Deribit data, it is worth noting that over $682 million worth of $BTC options, which is equivalent to 16.3% of the total $4.2 billion, are expected to expire “in-the-money” (ITM), most of which are call options. Call options with a strike price below the current market price are considered ITM, while ITM put options are those with a strike price above the spot price. This dynamic can cause market volatility as holders of ITM options in the money tend to want to close their positions or roll over positions as they approach expiration. The distribution of open interest at the last quarterly expiration that ended in late September shows a similar pattern. #TipsTradingFutures #bitcoin☀️ #marketdownturn

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These 3 Coins are Still Strong in Bearish Market 1.SOLANA $SOL Current price $165.98 24H change +0.99% 24H High $171.07 24H Low $164.24 2. CELESTIA $TIA Current price $5.894 24H change +2.43% 24H High $6.018 24H Low $5.667 3. EIGEN LAYER $EIGEN Current price $3.505 24H Change +2.27% 24H High $3.5239 24H Low $3.3665 #TipsTradingFutures #marketdownturn #CryptoExplorerFiesta

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Almost all coins are red. Time to buy. Choose the best one $BNB , $APT $WIF Tips: in a Bearish market if you have no idea to save your asset, convert to USDT immediatelly #marketdownturn #TipsTradingFutures #CryptoExplorerFiesta

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