Overall, the market remains depressed, showing signs of selling by long-term holders and miners.
▪️ Most investors are losing money, with the NUPL index hitting all-time lows near the 2018 and 2020 lows.
⚡️Binance BSC's top 10 blockchain apps include DApps More and more DApps are starting to build their products on Binance Smart Chain because of its fastest block out time of 5 seconds and much cheaper gas fees compared to ethereum.
Arcane Research: 43% of Bitcoin Trading Volume Occurs in U.S. Market Sessions Cryptocurrency trading activity tends to increase immediately as the U.S. stock market opens, with BTC trading activity significantly correlating with trading activity in the S&P 500
Arcane Research: 43% of Bitcoin Trading Volume Occurs During U.S. Market Sessions Cryptocurrency trading activity tends to increase immediately as the U.S. stock market opens, with BTC trading activity significantly correlating with trading activity in the S&P 500.
⚡️ As we can see, the price is close to a strong support zone.
📍 Here we can expect a localized plunge as shown by the green arrow on the chart.
Only if this support level breaks here, we can expect a localized drop to the following support area, as shown on the chart.
⚡️ We have a large range to keep BTCUSD "strong", which means between $45,850 and $34,000 and above ......
When the cryptocurrency rises, we will see a price range.
📍The next short-term trend is on the chart.
All details are on the chart.