Barakat
@barakat
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Bitcoin and Ethereum Options Expiry Triggers Market Volatility
The crypto market is experiencing heightened activity following the expiry of major Bitcoin and Ethereum options contracts. The expiry of $2.63 billion worth of options has triggered volatility, with both assets trading below key levels.
Key Highlights:
1. _Options Expiry_: 21,000 BTC options expired with a notional value of $2.04 billion, while 173,000 ETH options expired with a notional value of $590 million.
2. _Max Pain Points_: Bitcoin's max pain point was $101,000, while Ethereum's was $3,750. Both assets are currently trading below these levels.
3. _Market Declines_: Bitcoin has fallen by 6.41% in the past 24 hours, while Ethereum has lost 10.50%.
4. _Increased ETF Outflows_: ETFs are seeing heightened outflows, contributing to market movements.
5. _Options Activity_: Market makers have adjusted positions to align with the high volume of expiring options, with block call options accounting for over 30% of daily trading. 8 replies
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The river of time, it flows and winds,
A winding path, where moments leave behind.
It carries us, on its gentle stream,
Through joys and sorrows, through life's every dream.
With every bend, a new view unfolds,
A chance to learn, to grow, to mold.
The river's voice, a soothing sound,
Echoes whispers, of memories unbound.
As we drift along, on its tranquil tide,
We gather wisdom, and let go with pride.
For in the river's flow, we find our way,
Through life's great journey, to a brand new day.
And when our time, on this earth is done,
The river's memories, will be forever won.
For in its depths, our stories will remain,
A testament to life, and love's sweet refrain. 7 replies
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Solana's (SOL) price has been on a wild ride, and the latest analysis suggests it may drop to $210 due to rising liquidations. In the last 30 days, Solana's price surged by over 34%, reaching a market capitalization of $106 billion. However, the token's price has recently plummeted under its $237 support, and the Relative Strength Index (RSI) indicates selling pressure.
According to Alphractal, a data analytics platform, levels like $210 and below $200 hold the highest concentration of liquidations across exchanges. This could be a sign of rising bearish sentiment, and investors might want to reenter the market when SOL's price drops to $210.
Here are some key points to consider:
- Solana's liquidation levels: SOL's price may drop to $210 due to rising liquidations.
- Bearish sentiment: The token's long/short ratio has declined, indicating more short positions in the market.
- Support levels: SOL's price recently plummeted under its $237 support, and the RSI indicates selling pressure. 2 replies
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NFTs (Non-Fungible Tokens) are more than just a trend; they have become an integral part of the crypto industry, especially in art, gaming, and digital asset spaces. Unlike cryptocurrencies like Bitcoin or Ethereum, which are fungible and interchangeable, NFTs are unique and non-interchangeable. This gives NFTs a special value in representing ownership and scarcity in digital products. Through NFTs, artists and content creators can prove ownership of their works on the blockchain, ensuring they benefit from resale and transfer transactions in the future. Moreover, NFTs have extended beyond art into fields such as digital real estate in metaverses, gaming, and even verifying important documents or certificates. This not only revolutionizes how we exchange and store value for digital assets but also brings a fresh approach to the creative economy, supporting the growth of a diverse and sustainable digital economic ecosystem 1 reply
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