Crypto Insights Archives - Page 8 of 11

THIS Whale Goes 40X Long on BTC with $200M Position!

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On-chain metrics hint at whale accumulation as Bitcoin’s Bullish momentum strengthens.

A recent observation of large Bitcoin transactions has revealed heightened investor conviction in BTC’s bullish momentum. As of this writing, BTC was trading at $84,717, a 10.6% surge in the past 7 days, per CoinMarketCap. Following the Trump administration’s sentiment on Bitcoin and its potential reserves, many institutional and large investors signal confidence in BTC’s long-term uptrend.

A recent post by CryptoGoos on X (formerly Twitter) has revealed a mysterious whale’s transaction. According to the on-chain data, the whale went on a 40X long position on BTC with approximately $200 million.

Bitcoin’s Relative Strength Index(RSI) stands at 51, suggesting more room for buying. With the MACD(12,26), short-term and mid-term moving averages flashing a strong “buy”, BTC could hit $85K in the next few days as the bulls grow stronger.

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Mantra (OM) Crashed 90% in 24 Hours-What happened?

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Mantra’s token, OM, crashed 90% amid forced liquidations, wiping out over 5.5 billion in market cap in a few hours.

April 13th- Mantra, the layer-1 blockchain ecosystem focusing on regulated digital assets, saw its token OM crash 90% within 24 hours. With a sudden 5.5B market cap crash, allegations point fingers at the project’s team, sparking debate about its transparency.

Per the allegations, the team controlled 90% of OM tokens. As a result, they have been linked to centralization and compared to the 2022 Luna crash of a $60 billion blood bath in the Terra ecosystem.

A red flag observed by investors was a movement of 3.9 million OM tokens supposedly belonging to the OM team to the OKX exchange. With the rapid price drop, a domino effect happened, leading to further liquidations as the OM token plunged.

In response, the Mantra team claimed “reckless exchange liquidations” are to blame for the crash, denying any “rug pull” moves or insider actions. The OM crash serves as a reminder of the dark side of the crypto market, that is, any form of centralized control.

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partyushgoyal

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World Liberty Financial: Trump Holds 94% Ethereum-based Portofolio

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Trump, through World Liberty Financial, is holding a crypto portfolio consisting of 94% Ethereum blockchain. What does he know?

U.S President Donald Trump is holding a crypto portfolio that is surprisingly going almost fully into Ethereum. Despite recent market volatility and rumoured sell-offs, World Liberty Financial has kept a strong hand on the Ethereum blockchain. With so many projects full of potential in the market, Crypto enthusiasts wonder what could be the reason for this.

The possible reasons for such a portfolio

Ethereum is not just an ordinary coin but a bridge connecting a huge DeFi, NFTs, and Smart Contracts ecosystem. World Liberty Financial was established to promote digital freedom, financial independence, and the tokenization of assets.

Ethereum is a suitable and well-established blockchain that supports this agenda. It has notable market dominance as the King of altcoins. Therefore, Trump could be betting on its huge infrastructure with confidence that it will reshape finance and politics in the future.

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partyushgoyal

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Binance Bitcoin Perpetual-Spot Gap is Narrowing-Bullish Signal?

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The perpetual-Spot Gap tracks the difference between Binance’s perpetual futures price and BTC spot price. When this Gap turns positive, BTC enters a bullish phase.

The narrowing Binance BTC perpetual-spot gap is a significant market insight worth considering to understand Bitcoin’s market signals. The perpetual futures price of BTC on the Binance exchange is trading below its spot price. This means that traders are cautious in their moves and unwilling to pay a premium.

The gap is narrowing. What does this mean?

A narrowing gap means the market’s bearish pressure is weakening. Historically, when perpetuals trade at a premium(positive gap), it is a bullish signal. Traders are willing to pay more to get future BTC exposure based on rising confidence.

So, why does this matter?

The narrowing gap signal appeared in the late 2020-2021 bull run, and some parts of 2024. As the bearish pressure weakens, trade war calms down, and governments become pro-crypto, will the gap flip positive soon?

Heightened ETF inflows, funding rates, and macro sentiment could strengthen the signal and give insights into the strength of BTC’s growing bullish momentum.

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partyushgoyal

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Dogecoin Whales Quiet over the Past 96 hours-WHY?

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Large investors have shown no notable spikes in buying or selling pressure over the past 96 hours.

Dogecoin saw a 12% price increase in the past 96 hours, surging from $0.14684 to $0.16456, followed by a slight price correction. While retail traders had substantial buying and selling activity, large DOGE holders have been quiet, with no noticeable moves in this period.

The market is closely watching and wondering what is the reason for such behaviour. Renowned analyst, Ali Martinez, has shared this insight in an X(formerly Twitter) post, sparking a debate on the same.

Considering Dogecoin’s price consolidation, whales could in caution and on a “wait-and-see” approach as they wait for notable market signals.

With no price volatility, the market remains indecisive. A major market catalyst is necessary to spark noticeable whale activity.

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partyushgoyal

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Pi Network Surges 25% amid ChainLink Integration

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Pi has topped CoinMarketCap’s list of trending cryptocurrencies as the day’s best-performing altcoin with a 25% price surge.

April 12th- Pi network has surged 344% in trading volume as investors show heightened interest in its project. Pi was trading at $0.7459, a 25% surge in price, at press time, per CoinMarketCap. Chainlink has announced integrating the project into its low-latency Data streams. This will allow Pi network users to fully participate in the decentralized finance ecosystem.

Chainlink announced Pi Network as one of the 22 newest assets to integrate its ecosystem. The announcement sparked mixed reactions among crypto enthusiasts. Some criticize Pi for lacking an appropriate and user-friendly mining and mainnet migration protocol.

However, others have seen potential in Pi and moved ahead to integrate its utility. For instance, Zito Realty plans to allow clients to pay for homes using Pi coin. With these developments in place, traders are watching Pi’s next moves.

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Crypto Total Market Cap is Eyeing a Breakout- Altseason?

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The total crypto market cap is testing a breakout above its falling wedge pattern. Analyst suggests a major altseason could be on the cards.

The crypto market is on the verge of a breakout, pushing through the 2.7 trillion market cap resistance level. Following weeks of consolidation inside a falling wedge pattern (classic bullish setup), the market appears poised for a breakout. Historically, such pattern formation heightens investor confidence and pulls in more capital into the market.

According to insights from World of Charts on X (formerly Twitter);

“#Crypto Approaching Towards Crucial Resistance, Expecting Breakout Too, Successful Breakout Can Lead Massive Altseason.”

With traditional markets stabilizing and many DeFi projects planned for the year, the crypto market anticipates new capital from investors. This bullish signal could trigger faster capital injection, thus sparking the beginning of the altseason.

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partyushgoyal

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Bitcoin is Recovering and Testing a Key Resistance Zone

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Bitcoin is recovering and currently testing the $83k-84k resistance zone. With the trade war cooling, is BTC’s rally on the cards?

Bitcoin has surged 2.07% in the past 24 hours signalling a strengthening bullish momentum. According to CoinMarketCap data, BTC was trading at $83,810 at the time of writing.

Following a freeze on trade tarrifs by U.S President Donald Trump, the stock market has been recovering. Similarly, Bitcoin bulls are pushing upwards as BTC tests the $83k-84k key resistance zone on the 12-hour chart.

Based of Technical analysis by World of Charts on X( formerly Twitter), if Bitcoin bulls break past the $84k above this key resistance zone, the King of crypto could be poised for a notable uptrend.

Bitcoin’s RSI stands at 51, a neutral zone showing more buying potential. With more than 313 million in Exchange outflow, and 88% of holders in profit, the happy “strong hands” could be accumulating more. While new traders enter new positions, a breakout could lead to the next bull rally.

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partyushgoyal

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ONDO Surges 30% as Binance Announces Listing

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Ondo has caught the market’s attention following a 30% price surge and listing on the Binance exchange.

April 11- Binance has concluded its “vote to list” community campaign that saw ONDO listed on its exchange. With the trading pairs ONDO/USDT and ONDO/USDC on the exchange, the asset has surged nearly 30% in price. Ondo’s price is consolidating around $0.880, with its trading volume hitting 125% in the past 24 hours, per CoinMarketCap.

The decentralized investment banking protocol could be poised for long-term growth, considering its focus on bridging traditional finance with DeFi.Additionally, following Trump’s move to repeal the “DeFi Broker rule” into a favourable law, the protocol’s financial products could see renewed interest from the market.

Ondo has seen its community sentiment hit new highs amid DeFi-friendly regulatory policies in the market and Binance listing. ONDO’s MACD (12,26), short-term and mid-term moving averages are flashing “buy”. With its Relative Strength Index (RSI) at 52 (not overbought zone) and high community sentiment, Ondo’s bullish momentum is strengthening.

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partyushgoyal

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Solana Leads Ethereum in 24-hour DEX Volume

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Solana has taken the top spot, leading Ethereum in daily decentralized trading volume amid a 3.5% price surge.

Solana and Ethereum networks account for 57% of the total trading volume from the top 10 decentralized exchanges (DEXs) in the market. In the past 24 hours, Solana has seen its DEX trading volume steadily rise, pulling ahead of Ethereum to lead the DEX pack.

According to data shared by Crypto Rand on CoinMarketCap, Solana’s 24-hour DEX volume hit $2.774 billion while Ethereum rallied behind holding 2.744 billion.

Why is Solana’s price and DEX volume surging?

Solana’s fast transaction speed and lower gas fees could be enticing for traders following a week of market frustration fueled by the global trade war. Users are likely hunting for cheaper and quicker alternatives to Ethereum-based DEXs, for instance, Jupiter and Raydium.

Despite lagging behind Solana in the past 24 hours, Ethereum remains unshakable as a DEX powerhouse in the market.

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