Mt. Gox begins paying off loans. BTC is not having the best of times, it reached almost 53,000. Having overcome all the “supports”. $57,000 was not held, the flight of decline after corrections may go to $52,000. Why are payments like this to Mt. Do Gox affect the price? Operating from 2010 to 2014, Mt.Gox was the largest crypto exchange in the world at the time, accounting for more than 70% of all Bitcoin trading volume. However, a series of hacking attacks led to the exchange losing 850 thousand BTC, which would be worth more than $50 billion at today's exchange rate. The bankruptcy resulted in litigation before a plan was developed in 2021 to refund affected users. On June 24, the managers of the Mt.Gox exchange announced plans to begin paying compensation. By the end of 2024, they intend to distribute 142 thousand bitcoins (about $9 billion at the exchange rate at the end of June), 143 thousand Bitcoin Cash (BCH) coins (about $53 million).
🪙Terms for consideration of SOL-ETF applications to the SEC. Save your dates, SOL volatility is possible on these days. ⚫️August 11 ⚫️September 25 ⚫️December 24 ⚫️February 22, 2025 Please remember that a decision may be made earlier than these dates.
If recent rumors are true, Dogecoin is poised for a significant breakout above 0.25. Possible integration of Doge into the Twitter payment system.
In mid-May 2024, reports appeared about the creation of a special “X Payments” account. This has sparked speculation about cryptocurrency support in the platform's future payment service.
These rumors are backed by Elon Musk's history of favoring Dogecoin, which has already led to the integration of the coin into the payment systems of his other companies, such as Tesla.
Chicago Mercantile Exchange CME reports for 03/26/2024.
1 contract is equal to 5 BTC.
Institutional traders added:
🔼Long contracts +1187 🔽Short contracts + 64 in the range 61000-71000
With so many long contracts, it looks like we are not going to fall yet. Below us there is an unclosed gap (price gap with CME, which we are not trying to fill 66480-64280). ❕Institutions began to add the first short contracts in the range of $50,500-57,500.
CME closes at $71,500 on Friday (difference to Binance $600 ~ range 70,900).
Chicago Mercantile Exchange CME reports for 02/27/2024.
1 contract is equal to 5 BTC.
Institutional traders added 🔼Long contracts +341 🔽Short contracts + 277 in the range 50500-57500
For the first time in a long time, institutions decided to add a significant number of short contracts, although it is alarming that long contracts are not being reduced.
The CME closes at $63,800 on Friday. (considering the difference on the Binance exchange ~ 52800). It will be very interesting how we will open on Monday; perhaps they will not want to create a gap and will pull it up to these marks.
RSI is not the most reliable indicator for entering a position, but pay attention and look at the strength of the trend.
On the weekly time frame we have a classic divergence, the 2nd peak on the indicator is slightly lower than 1.
The strength of the trend on a large time frame is no longer the same as when we were in the range of $35,000-45,000. Based on divergence, we can make several more peaks, but with a greater probability we will reach these goals. In order to break this diversion (and they break often in the crypto market), BTC needs to approach 60-65k on a weekly tf.
With such growth in BTC, a correction of 15-20% is quite 👌 natural for further growth.
The index of fear and greed has been at the levels of greed, extreme greed every day since October.
☝️These are not the most primary metrics for entering a short position, but simply warnings for those who like to long the market without stops.
By the way - at $47,000, everyone who longed with 10 leverage a weekly flat of 51-52, they will also be gone quickly.
The asset is practically at the bottom, the main volume passes at a price of 0.26 - 0.29.
Let's place a sell order at 0.69.
The token is associated with the NFT sector. MOBOX is the world's first optimized farming platform that combines DeFi and gaming NFTs, creating a free, play-to-earn ecosystem.
Elon Musk hinted at an upcoming BULL RUN NFT last month.
Chicago Mercantile Exchange CME reports for 01/09/2023.
Institutions are doubling long contracts.
Over the past week, we acquired 1,615 long contracts with 0 shorts, and last week there were 816 long contracts. At the same time, not a single long contract was closed in 2 weeks.
ETH looks very confident from the day, we have +5% from TVH. (see 3 posts below) We did a test of the 2022 annual level and partially captured the imbalance.
The first margin zones that were located above 2400 were taken away. The largest remains at $2,495.
We will enter again on futures with a limit order, on spot we will leave it until the targets.
With this trade, paired with USDT the price will be higher ~2700- 2800.
Do we all remember what comes next?? btc → eth → top alts → sheetcoins
🗞 SEC Twitter was hacked at night and posted a message that the spot BTC ETF was approved. BTC rose to $48,000
20 minutes later, Gary Gensler tweeted:
“The SECGov Twitter account was hacked and an unauthorized tweet was posted. The Securities and Exchange Commission (SEC) has not approved the listing and trading of Bitcoin spot exchange-traded products.”