Shiba Inu Weekly Burns Hit One Year High
Shibburn data shows 2.98 billion $SHIB were burned over the past seven days. The total marks the largest weekly burn recorded in about a year.
Major burn activity on July 26 and 27 coincided with SHIB's sharp weekend rally. A single transaction removed more than 757 million SHIB from circulation.
Woofswap also reported burning thousands of dollars worth of SHIB.
bitcoin:native likes to bottom on huge volume.
Here are some examples to study.
Volume recently has been pretty muted compared to what we've seen on previous global bottoms.
A counter point here is that we now have more exchanges, more bitcoin:native derivates, & ETFs... but still, the signs are the signs.
@ragzyart I think your onto something. End of 2024 everyone thought we going to the moon but macro was turning to the downside and crypto fell flat. And now everyone is sure crypto is gonna die worse but macro is turning to the upside. Sentiment is primed for a rally.
@ragzyart I think your onto something. End of 2024 everyone thought we going to the moon but macro was turning to the downside and crypto fell flat. And now everyone is sure crypto is gonna die worse but macro is turning to the upside. Sentiment is primed for a rally.
Small relief rally from $BTC . Managed to catch the long and looking to tp around these levels
Next up we are looking for the short and then the next MEGA long
Let’s get the gameplan for the week 💪
Link in bio.
@Sheldon_Sniper Not forever, maybe for now until BTC starts to reclaim some key HTF levels. Remember alts have been brutalised for a year so their market caps are so low right now that their trades can easily be liquidated. Wait for better conditions then you can trade em.