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Fenbushi Capital Offloads Crypto Assets Amidst Significant Losses
Fenbushi Capital, a prominent venture capital firm in the blockchain space, has recently made headlines for a substantial sale of crypto assets. According to blockchain analytics firm Lookonchain, the firm liquidated a portfolio valued at approximately $5.14 million on October 1.
Breakdown of the Sale:
The assets sold included a diverse range of tokens:
136,094 EIGEN (approximately $514,000)146,537 UNI (approximately $1.13 million)10.17 million SNT (approximately $244,000)10,681 COMP (approximately $509,000)11,616 AAVE (approximately $1.9 million)344,086 SUSHI (approximately $276,000)219 ETH (approximately $576,000)
Significant Losses:
The sale appears to have resulted in significant losses for Fenbushi Capital. Notably, the firm incurred substantial losses on:
SUSHI: A loss of $2.44 million, representing a -90% decline.COMP: A loss of $2.27 million, representing an -82% decline.UNI: A loss of $1.53 million, representing a -42% decline.AAVE: A loss of $499,000, representing a -15% decline.
Potential Reasons and Implications:
While the exact reasons behind this sale remain speculative, several potential factors could be contributing to Fenbushi Capital's decision:
Market Correction: The broader cryptocurrency market has been experiencing a downturn in recent months, which could have prompted the firm to reevaluate its holdings.Portfolio Rebalancing: Fenbushi Capital might be adjusting its portfolio to allocate more capital to other projects or sectors within the blockchain ecosystem.Risk Management: The firm may be seeking to reduce its exposure to certain tokens or projects that it perceives as high-risk.
This significant sale by Fenbushi Capital highlights the volatile nature of the cryptocurrency market and the potential risks associated with investing in digital assets. It also serves as a reminder that even experienced players in the industry can face substantial losses.
Stay tuned for further updates as more information becomes available regarding Fenbushi Capital's strategic decisions and the broader implications of this sale for the cryptocurrency market.
$SUSHI $COMP $UNI
#BinanceLaunchpoolHMSTR #EIGENonBinance #FenbushiCapital #BTCDROPING #BTCPredictedNewATH
Breakdown of the Sale:
The assets sold included a diverse range of tokens:
136,094 EIGEN (approximately $514,000)146,537 UNI (approximately $1.13 million)10.17 million SNT (approximately $244,000)10,681 COMP (approximately $509,000)11,616 AAVE (approximately $1.9 million)344,086 SUSHI (approximately $276,000)219 ETH (approximately $576,000)
Significant Losses:
The sale appears to have resulted in significant losses for Fenbushi Capital. Notably, the firm incurred substantial losses on:
SUSHI: A loss of $2.44 million, representing a -90% decline.COMP: A loss of $2.27 million, representing an -82% decline.UNI: A loss of $1.53 million, representing a -42% decline.AAVE: A loss of $499,000, representing a -15% decline.
Potential Reasons and Implications:
While the exact reasons behind this sale remain speculative, several potential factors could be contributing to Fenbushi Capital's decision:
Market Correction: The broader cryptocurrency market has been experiencing a downturn in recent months, which could have prompted the firm to reevaluate its holdings.Portfolio Rebalancing: Fenbushi Capital might be adjusting its portfolio to allocate more capital to other projects or sectors within the blockchain ecosystem.Risk Management: The firm may be seeking to reduce its exposure to certain tokens or projects that it perceives as high-risk.
This significant sale by Fenbushi Capital highlights the volatile nature of the cryptocurrency market and the potential risks associated with investing in digital assets. It also serves as a reminder that even experienced players in the industry can face substantial losses.
Stay tuned for further updates as more information becomes available regarding Fenbushi Capital's strategic decisions and the broader implications of this sale for the cryptocurrency market.
$SUSHI $COMP $UNI
#BinanceLaunchpoolHMSTR #EIGENonBinance #FenbushiCapital #BTCDROPING #BTCPredictedNewATH
LONG $BTC #BTC⏠#BTCDROPING #BTC/USDT. #TrendingTopic #Write2Earn
Scalping Trade
Very risky signal
Entry Zone:
51 500$ - 51 700$
Take profits:
1ïžâŁ52 100$
2ïžâŁ52 700$
3ïžâŁ53 500$
4ïžâŁ54 200$
Open with 50x leverage
Stop Loss: 50 650$
Scalping Trade
Very risky signal
Entry Zone:
51 500$ - 51 700$
Take profits:
1ïžâŁ52 100$
2ïžâŁ52 700$
3ïžâŁ53 500$
4ïžâŁ54 200$
Open with 50x leverage
Stop Loss: 50 650$
Told you guys $BTC will sweep liquidities from top and bottom few days ago and exactly same thing happened. 400M+ liquidated in last 24h hours we can consider this one of the last dumps/corrections before the parabolic run and the expected bias of this month is #BearishPhase so trade accordingly. We can consider this another opportunity to buy coins for long term.
#Binance55thProject(IO) #BnbAth #TopCoinsJune2024 #BTCDROPING
#Binance55thProject(IO) #BnbAth #TopCoinsJune2024 #BTCDROPING
#Write2Earn âïž
#BTCDROPING
#BEARISH_MARKET
Crypto analysts have checked the price fluctuations of Bitcoin in 2023 and in previous years, so the average BTC rate they predicted might be around $$42,867.92 in April 2024. It can drop to $$40,297.50 as a minimum. The maximum value might be $$45,438.33
Dear crypto traders ,
Enjoy this Zone because after the BTC Halving event , prices of Alt coin and BTC will exponentially increase.
BTC expected price 120,000-160,000 after Halving event
Fill your Bags with favorite alt coins
#BTCDROPING
#BEARISH_MARKET
Crypto analysts have checked the price fluctuations of Bitcoin in 2023 and in previous years, so the average BTC rate they predicted might be around $$42,867.92 in April 2024. It can drop to $$40,297.50 as a minimum. The maximum value might be $$45,438.33
Dear crypto traders ,
Enjoy this Zone because after the BTC Halving event , prices of Alt coin and BTC will exponentially increase.
BTC expected price 120,000-160,000 after Halving event
Fill your Bags with favorite alt coins
Big dump on the way please use STOP LOSS to save fund otherwise liquidate
#BTCDROPING $BTC $ETH $BNB
#BTCDROPING $BTC $ETH $BNB
#BTC #BTCDROPING
BTC dips below 70kđ is it a decoy, before
another pump or we could see a dip to 65k or
more:
đđGet Free Rewards Here
BTC has touched below 70k twice this week alone , first was after hitting 73k, off which it rebound quickly ....but this time the dip seems to be natural ...
we are 34day away from halving that over a month .... are they trying to shake u off the market ....
we might have to wait and see ... to Beat the market you might have to beat yourself first .
control your greed, in the long run you will win... by this time next year ....
your portfolio should be 50x what it is now .... trade cautiously use stop loss
don't forget we are still early .
if you find this helpful follow for more.
#BTC #HotTrends #DOGE #pepe #sol
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UranoCrypto
BTC dips below 70kđ is it a decoy, before
another pump or we could see a dip to 65k or
more:
đđGet Free Rewards Here
BTC has touched below 70k twice this week alone , first was after hitting 73k, off which it rebound quickly ....but this time the dip seems to be natural ...
we are 34day away from halving that over a month .... are they trying to shake u off the market ....
we might have to wait and see ... to Beat the market you might have to beat yourself first .
control your greed, in the long run you will win... by this time next year ....
your portfolio should be 50x what it is now .... trade cautiously use stop loss
don't forget we are still early .
if you find this helpful follow for more.
#BTC #HotTrends #DOGE #pepe #sol
Share with friends now
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UranoCrypto
#BTC⏠No no no no!!!!!, Bitcoin I said no ooooo #BTC
I don't want to see that RED candle again!!! #BTCDROPING
This is no time for bears to play around #BTCHALIVING is near!!
I repeat Bitcoin No No No No No!!, stop that RED candles đĄđĄđĄ
#BTC/USDT.
I don't want to see that RED candle again!!! #BTCDROPING
This is no time for bears to play around #BTCHALIVING is near!!
I repeat Bitcoin No No No No No!!, stop that RED candles đĄđĄđĄ
#BTC/USDT.
đ°đč Become Crypto Millionaires by 2024! đčđ°đđđđđđđđđąđąđąđąđąđąđąđąđąđąđąđąđąđąđą
đ°đč Become Crypto Millionaires by 2024! đčđ°Save đČ30 daily for:đČ2,100 weeklyđČ9,000 monthlyđČ10,950 yearlyFinancial discipline is key! đŻđŻLike, share & follow for more insights! đ„đžđ°Need Your love & support mean the world!â„ïž #MuhammadAmirRajpoot #Write2Earn #Portal #WLD $BNB $WLD #Write2Earn⏠#Write2Earn #strk #TrendingTopic #BTCDROPING
Navigating Bitcoin's Rollercoaster: Understanding Dips, and Smart Trading Strategies
As Bitcoin flirts with its previous all-time high of $69,000, rumors swirl about an impending heavy dip. But fear not, savvy investors! Let's dissect the charts and understand why these corrections are not only normal but also healthy for the market.
The recent sentimental pullback trend stems from traders strategically placing sell orders at the previous ATH, causing a temporary setback. However, seasoned investors recognize this as an opportunity rather than a threat.
Enter the meme coins, the darlings of recent market frenzies. With their meteoric rise in volume, they often bear the brunt of such dips. But here's the golden rule: avoid risky and leverage trading. Instead, view these dips as golden opportunities to buy low and potentially reap substantial rewards in the future.
Key to navigating these turbulent waters is setting stop-loss orders and alerts, empowering you to make informed decisions even in the midst of market volatility.
So, fellow crypto enthusiasts, buckle up and ride the waves of Bitcoin's rollercoaster with confidence. By understanding the ebbs and flows of the market, and employing smart trading strategies, you'll emerge stronger and more resilient than ever before.
$BTC #BTCDROPING #btc
As Bitcoin flirts with its previous all-time high of $69,000, rumors swirl about an impending heavy dip. But fear not, savvy investors! Let's dissect the charts and understand why these corrections are not only normal but also healthy for the market.
The recent sentimental pullback trend stems from traders strategically placing sell orders at the previous ATH, causing a temporary setback. However, seasoned investors recognize this as an opportunity rather than a threat.
Enter the meme coins, the darlings of recent market frenzies. With their meteoric rise in volume, they often bear the brunt of such dips. But here's the golden rule: avoid risky and leverage trading. Instead, view these dips as golden opportunities to buy low and potentially reap substantial rewards in the future.
Key to navigating these turbulent waters is setting stop-loss orders and alerts, empowering you to make informed decisions even in the midst of market volatility.
So, fellow crypto enthusiasts, buckle up and ride the waves of Bitcoin's rollercoaster with confidence. By understanding the ebbs and flows of the market, and employing smart trading strategies, you'll emerge stronger and more resilient than ever before.
$BTC #BTCDROPING #btc
BTC/USDT bulls getting weaker.
The existing bull move on BTC/USDT is just retail trading happening on low volume. This pair will soon see 45,000 price levels. Bears have already started their selling, stealthily. SELL BTC/USDT could prove profitable in the next few days.
#TrendingTopic #btc #BTC⏠#BTCDROPING #btcusdt
The existing bull move on BTC/USDT is just retail trading happening on low volume. This pair will soon see 45,000 price levels. Bears have already started their selling, stealthily. SELL BTC/USDT could prove profitable in the next few days.
#TrendingTopic #btc #BTC⏠#BTCDROPING #btcusdt
LIVECHANU CRYPTO
--
Bearish
BTC/UPDATE : 1Hour and Monthly timeframe analyst.
The reason for the Bitcoin crash is because of the liquidity that was last month's high of 72,062. The market structure shift is currently showing signs of coming down.. So pay attention to this..â„ïžâ„ïžđ
PO3: Accumulation / manipulation / distributionâ€ïžâđ„
#reeyz #btcupdates2024 #BTCâ #Bitcoinâ #BTCUSDT. $BTC
The reason for the Bitcoin crash is because of the liquidity that was last month's high of 72,062. The market structure shift is currently showing signs of coming down.. So pay attention to this..â„ïžâ„ïžđ
PO3: Accumulation / manipulation / distributionâ€ïžâđ„
#reeyz #btcupdates2024 #BTCâ #Bitcoinâ #BTCUSDT. $BTC
#Write2Earn as we witnessed dump exactly on my given timeââ°
now many are asking it's over now and up side movement will start but IMO we will see downside move till 27/28 of this month after that we will see bounce and greenery In the market #BTCDROPING #down&Down #TrendigTopic $BTC
now many are asking it's over now and up side movement will start but IMO we will see downside move till 27/28 of this month after that we will see bounce and greenery In the market #BTCDROPING #down&Down #TrendigTopic $BTC
LIVEAhmed-Mustafa1723
--
Bearish
#Write2Earn
#BTC⏠Dump ready on date 20 February 2024 Bitcoin will dump.
Advice for traders close your longs if you are in profit or use proper stop loss as today we will witness bleeding in market .
#Write2Earn #CryptoConfusion
#BTC⏠Dump ready on date 20 February 2024 Bitcoin will dump.
Advice for traders close your longs if you are in profit or use proper stop loss as today we will witness bleeding in market .
#Write2Earn #CryptoConfusion
The crypto market is on edge as signs point to a looming Bitcoin correction. With its recent relentless surge, concerns arise about an overextended bull run.
To prepare, adopt prudent risk management. Diversify your portfolio, consider hedging, and set stop-loss orders. Stay informed about market developments, regulatory changes, and technological advancements. Be ready to capitalize on potential entry points amid the correction.
Maintain emotional discipline; avoid impulsive decisions driven by fear or greed. Corrections are natural in crypto; readiness is key. Navigate the volatility with caution and resilience. By staying informed and disciplined, we can emerge stronger from the downturn.
#BTC⏠#BTCDROPING
To prepare, adopt prudent risk management. Diversify your portfolio, consider hedging, and set stop-loss orders. Stay informed about market developments, regulatory changes, and technological advancements. Be ready to capitalize on potential entry points amid the correction.
Maintain emotional discipline; avoid impulsive decisions driven by fear or greed. Corrections are natural in crypto; readiness is key. Navigate the volatility with caution and resilience. By staying informed and disciplined, we can emerge stronger from the downturn.
#BTC⏠#BTCDROPING
Understanding Bitcoin Halving: A key event for Bitcoin investors
Understanding Bitcoin Halving: A key event for Bitcoin investorsBitcoin operates on a decentralized network powered by blockchain technology. Unlike traditional fiat currencies that are controlled by central authorities like governments or banks, Bitcoin's issuance and supply are governed by code.Bitcoinâs streak of weekly gains puts record high in sight if history rightBitcoin Price: Technical analysis comparing the largest digital assetâs rally to $52,000 with past surges spits out projections of more gains in coming weeks. Crypto Price on February 15: Bitcoin jumps above $52,000; crypto m-cap crosses $2 trillionBitcoin regained its own $1 trillion market cap. The world's largest token by market cap hasn't reached that level since December 2021, and in the last one year, it has gained more than 135%.#TrendingTopic Crypto Price on February 19: Bitcoin holds above $52,000; Polygon, Internet Computer jump up to 9%Bitcoin's m-cap increased to $1.027 trillion in the last 24 hours. The token's dominance is currently 51.81%, according to CoinMarketCap. BTC volume in the last 24 hours fell 13.3% to $18.6 billion. Altcoins like Polygon and Internet Computer rose 6% and 9%, while Solana, Dogecoin, Shiba Inu, Toncoin, Polkadot, and Cardano gained up to 2%.Crypto Price on February 20:Bitcoin drops below $52,000 level; Internet Computer, Solana shed up to 4%At 12:25 p.m., Bitcoin was trading 0.9% lower at $51,926, while Ethereum was up 0.34% at $2,931. Meanwhile, the global cryptocurrency market cap fell 0.1% to around $1.98 trillion in the last 24 hours.#TrendingTopic #BTCHALIVING #BTC1trillion #BTCDROPING
