DePIN TGE Day:
@375ai_ - Decentralized edge data intelligence network, powered by various types of real world sensors - Cofounders
@harrydewhirst@robatherton_4
previously ran Linksys (CEO & CBO), and
@tb375ai previously founded @qwil
- 250k+ users on 375Go mobile app, 20B datapoints collected - 1.5M+ cars tracked per day across LA, NYC, Miami via high-power 375Edge nodes - Raised $10M pre-seed + seed funding from EV3, Delphi, Strobe, Hack, 6MV, Arca $EAT launches in 14 hours DePIN is an inevitable global movement.
BTC is repeating the 2021 cycle top
Same double top pattern with the same bounce back rn
While most waited for rate cuts to change everything, they don't know that it's already priced in
Mark my words
BREAKING: Bitcoin falls below $90,000, now down over -5%, as levered long liquidations resume.
$250 million worth of levered longs have been liquidated over the last 4 hours.
$ETH had a sharp rejection from the $3,400 resistance level.
Ethereum is now going down, and the next support zone is around the $3,000-$3,100 level.
A bounceback from this zone will result in another strong rally.
A failure to hold the support zone will dump ETH towards the $2,800 zone.
$BTC tried to reclaim the $93,000-$94,000 level but failed.
The next major support zone is around the $88,000-$89,000 level, which will most likely get retested.
If Bitcoin holds this level, another rally could happen.
Otherwise, BTC will drop towards the $85,000 level again.
ETH Dominance has just broken out of its long 14 month downtrend. Last time this happened, ETH pumped from $2,400 to $4,950 in just 50 days.
Giga bullish for Altcoins as they always outperform Bitcoin in this period.
$BTC seems to be mimicking the 2021 cycle.
Similar double top structure and now a bounceback too.
This means Bitcoin could rally towards the $100,000-$105,000 level before the next leg down.
BREAKING: Earlier today, Bitcoin jumped $2,500 from $89.8k to $92.2k and liquidated $70 million worth of long positions.
And then it dumped $2,200, now from $92.2k to $89.6k again, and liquidated $61 million worth of shorts.
All this happened in the last 12 hours.
An example of clear market manipulation to wipe out both leveraged longs and shorts.