Great things are coming and they are no longer trying to hide it. The market is heating up.
Some important data of the day that warn us of what is coming.
Today was a day that made more than one person sweat. The high volatility left many bewildered, losing sight of the direction of the market.
Those who had a plan in advance were able to make huge profits, congratulations! And those who followed the analysis of the previous days were more than prepared for any possible situation and nothing took them by surprise. In that sense, I am glad to have helped you take care of your capital.
Still, there are certain data that are anticipating something very strong:
The total daily trading volume is exceeding 100 billion. For months now, the "ceiling" has been around 70B. This is a clear sign that new participants, or perhaps the same ones but with greater capital, are entering the market.
A few weeks ago, with the last BTC correction, the total capitalization had fallen below the psychological level of 2 trillion. Today, the level has been recovered and is around 2.3T. For those who did not live through the last bull market, the capitalization at that time was around 3T and liquidity in the market was flowing uncontrollably.
A dominance of $BTC that barely increased by 1%, after having risen by 15% since the last drop to 59K. A BTC that is rising, but not monopolizing the market share, warns us that money is positioning itself in altcoins.
As I mentioned in a previous article Where are the whales investing the money is being positioned in two main sectors:
The ethereum ecosystem, primarily the set of parallel layer 2 networks.
Decentralized Finance: Liquidity providers, swaps, earnings platforms.
And as an honorable mention, the meme narrative that never stops growing.
Finally, ETFs are telling us something, in a subtle way.
While the current inflow is insignificant, about 20 million, against 100 billion daily trading... It is striking to see how the inflow trend gained momentum after BTC accumulated to 62K.
The average person would think, "whales aren't buying the dips?" And yes, many did. Perhaps the new whales are seeing the current prices as a "zone of interest or reasonable price zone" to accumulate.
Some attribute this bullish momentum to:
The possible outcome of the US presidential election.
Rate cut by the United States.
The injection of Chinese capital in the form of economic stimulus.
The "historic bullish month of October"...
It may be a bit of everything, but the truth is, we have the king rising and the altcoin sector is not far behind.
I cannot say that this is the prelude to the long-awaited bull market, however it is an excellent time to accumulate in some projects.
â NOTEâ If you'd like me to put together a list of potential projects to hoard, let me know.
Conclusions:
The last quarter of the year is looking like it will be very positive.
We have great fundamentals that are driving the price, where the current regulatory clarity stood out as important. Legal clarity that is being the gateway for large companies and investment funds to the Crypto space.
Unfortunately, wars, inflation and conflicts continue to exist and will continue to exist. The good news is that their impact is becoming less significant and ways are being sought to deal with them without affecting the average citizen.
And how do you see the current situation? I would love to read the market sentiment directly from its participants.
#BecomeCreator #Binance: #BullRunđ
Crypto Citizen says goodbye! But not before thanking from the bottom of my heart all the new followers, those who follow the analysis and ask for this or that coin. To all those who leave their support with a like, a comment, to all those who recognize the effort and to those who possibly leave tips now that they have given us the opportunity to have the function active.
𫶠Thank you! đ«¶
