Is the #BTC bottom near?
Maybe
Maybe not
What I’m certain about is that I cannot afford to be away from the market as it inches closer and closer towards its generational bottom
The opportunity cost for not paying attention to this $BTC retrace is too high
#Crypto#Bitcoin
About $1.1B of Positions Gets Liquidated Due to #BTC Drop Below $30,000
- $315M on #OKX
- $268M on #Binance
- $178M on #FTX
- $144M on #Bitfinex
- $106M on #Bybit
A #bitcoin dip down to it's realized price (average on-chain cost basis) is entirely possible and has been consistent with previous market bottoms in bear market cycles.
Realized price is $24.3k at the moment.
📌Bitcoin Held By Fund
👉During the recent retracement, #bitcoin held by funds has decreased by 10,000 #BTC, unprecedented since April 2021. This can not always be considered a #bearish signal, but their behaviour should be monitored because they hold about 851,000 BTC.
🚀Avalanche currently boasts a total value locked (TVL) of just over $17.4 billion, this pushes #AVAX into the Top 3 chains by total value locked behind Ethereum and Terra.
@sifchain@unizen_io Don’t you think staking $ETH on a liquid staking protocol like #StaFi, would be better than #Ethereum or other Blockchains? StaFi liquefies the staked assets by offering $rETH which is rewarded to you for trading; that’s how you get to come against volatility when staking.
@cryptoworld202 I'm particularly keeping an aye on $FIS. The development team has launched their #rDEX making users able to trade staked assets by getting more than equal amount of tradable rTokens for the staked assets.
@cryptoworld202 Normally, I am looking for the use case of the project, their recent development, growth potential, etc.
Now my attention is on $FISthe native token of #StaFi. It's a protocol that provides liquid staking which makes you to be able to trade your staked assets. DYOR
@y_caspian Have your cake and eat it too. With #StaFi’s minting programs, #staking comes with more $FIS rewards as well as the staking APYs. This liquidity solution is really unique and has made staking less risky and more profitable.