On April 7, Smart Money and well-known crypto figure 0xSun (@0xSunNFT) shared a candid market update, looking at the dynamics of cryptocurrency trading. For the last two months, 0xSun had employed a steady shorting strategy against altcoins, profiting from the volatility and downside pressure in the market. But now, according to his latest insights, that strategy is shifting. 0xSun believes the days of easily profiting from shorting altcoins are coming to a close, which is a stark warning to traders looking to capitalize on what he sees as a rapidly evolving market. The Decline of Easy Profits: Why Shorting Altcoins
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]]>The recent downturn in the cryptocurrency market has many investors worried about the future of digital assets. For the better part of the last six weeks, the caps of various cryptocurrencies have been in a freefall, which hasn’t done anything to boost the kind of confidence that tokens are a viable investment or that the sector has any kind of future. Not that these kinds of market trends ever stop people from developing and investing in ideas, but the situation in the cryptocurrency sector isn’t looking great lately. Examining more closely the development activity of the top 10 cryptocurrency ecosystems
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A massive $19.8 billion Bitcoin options expiry takes place on Dec. 27. Are bulls or bears better positioned?
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Despite recent price corrections, Bitcoin’s valuation metrics still indicate a bull cycle ahead.
]]>The cryptocurrency markets have continued to bleed, with social media now showing historic levels of Fear, Uncertainty, and Doubt (FUD). It’s rare for an hour to pass without more mentions of “sell” than “buy” across crypto forums. In the past 24 hours alone, there have been several instances of this, including the highest ratio of negative to positive comments seen so far in 2024. For bold traders, this may be a window to adopt a contrarian approach and buy amid the crowd’s anger and frustration. 
Markets have continued to bleed, and social media is now showing historic levels of
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]]>Bitcoin has recently fallen to a low of $56.7K, while Ethereum has dropped to $3.1K, prompting many traders to see this as a “buy the dip” opportunity. However, the best strategy might be to wait until the initial rush subsides. The ideal time to buy is when the market sentiment shifts to impatience and skepticism. Bitcoin has just dropped to as low as $59.4K and Ethereum to $3.1K in the previous hour. The crowd is showing signs of seeing this as a buy the dip opportunity. Ideally, we wait for their enthusiasm to settle down. The time to buy
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The Bitcoin halving hype has long passed, and this month’s massive options expiry provides insight into the future of the current BTC bull market.
]]>According to HC Capital, a prominent crypto research platform, all newly listed tokens on Binance in 2024 have experienced significant declines from their all-time highs (ATH). These tokens span diverse sectors, including GameFi, AI, Layer 2, and Layer 3 technologies. The widespread downturn is attributed to several key factors: 1. Market Volatility: Initial hype and speculative trading often inflate prices, which later correct sharply. 2. Low Float: A limited supply of tokens can lead to significant price fluctuations. 3. High Fully Diluted Valuation (FDV): Overvaluation at launch often results in substantial price corrections as the market adjusts. Key Tokens Affected:
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]]>The price of BeerCoin ($BEER) has plummeted over 60% today, as a wallet linked to the BeerCoin team offloaded significant holdings. This wallet, which received 8.88 billion $BEER from the BeerCoin team wallet “8VY4LF…fDd5G2”, sold 8.7 billion $BEER for $1 million over the past two days. Another wallet related to the #beercoin team is selling $BEER and the price of $BEER has dropped more than 60% today! This wallet received 8.88B $BEER from the #beercoin team wallet “8VY4LF…fDd5G2”, and sold 8.7B $BEER for $1M in the past 2 days.https://t.co/E105MTcVSM pic.twitter.com/zI9BpycMyH — Lookonchain (@lookonchain) June 18, 2024 In a recent announcement
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]]>Despite a week marked by bullish movements across the cryptocurrency market, the native token of the Ethereum-based Non-Fungible Token (NFT) marketplace, $BLUR, failed to capitalize on the rally. Instead, it experienced a downtrend, trading on the downside throughout the week and witnessing a 10% decrease in its value. Today, an on-chain report shed light on significant activity involving a whale or institution holding $DYDX and $BLUR tokens worth US$28.54 million. The entity recharged 1.5 million BLUR to Coinbase, translating to a value of US$1.07 million, just a few hours ago. 两小时前，持有价值 2,854 万美金 $DYDX 和 $BLUR 的巨鲸 / 机构向 #Coinbase
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