A crypto investor sold 22.1 million Binance Life tokens for just $23,000, deciding to take profits. But just an hour later, the coin's price skyrocketed.
Those same tokens are now worth over $10 million.
*_🪬This is probably one of the most painful fails of the year._*
*↗️Too many long positions have accumulated on BTC and ETH*
👀According to Coinglass, traders are actively opening long positions on Bitcoin and Ethereum, *increasing the risk of mass liquidations in case of a sharp market move.*
▪️ If ETH drops to ~$4,200, the volume of long position liquidations could reach almost $10 billion. ▪️ If BTC falls to ~$112,000, the amount of long liquidations could reach $15 billion.
*🇺🇸The US market is repeating the 1999 bubble - expert*
Investor Paul Tudor Jones stated that the US stock market is "rising on expectations, not on facts." He pointed to an unusual combination of factors - a 6% budget deficit and a soft Fed policy, which hasn't been observed before.
In his opinion, the current growth could end in a sudden and sharp decline.
*Jones cited the chain of companies around AI as an example of "market cap heating up":*
▫️OpenAI signs a $300 billion deal with Oracle to build data centers;
▫️Oracle's stock rises 40%, the company buys chips from Nvidia;
▫️Nvidia invests $30 billion in OpenAI, its stock is at an all-time high;
▫️then OpenAI signs a contract with AMD for 6 GW of capacity and receives the right to buy back 160 million shares, after which AMD grows by 35%.
_*🪬At the same time, not a single data center has been built yet, but the market capitalization of the participants in the chain has increased by hundreds of billions of dollars.*_
_*At the moment, #BTC is forming a consolidation within a narrow range.*_
I expect the flat (sideways movement) to continue in the range o *f $120,000 - $117,031.* This is a key resistance zone where we could see either profit-taking by buyers or a potential breakout to the upside if buying pressure and volume increase.
*_The primary scenario is range-bound trading with increased volatility near its upper boundary._*
📉 I am holding a short position – the entry was made earlier, and the current market structure still allows for a short-term bearish view. The nearest target for the short is a return to the support levels around *$114,750 - $113,250,* where a pullback could form, presenting a potential entry point for a long.
📈 I plan to consider buying (long) from the zone of *$114,750 - $113,250,* upon confirmation of a reversal pattern and/or a volume-based signal. This is a support zone where increased buyer interest has been observed before.
_*🧭 Overall, the market looks neutral with a bias towards a short-term correction. I recommend caution and waiting for confirmations according to your chosen strategy – whether it's a breakout and consolidation above $120,000 or a rejection from the current resistance levels followed by a decline towards the interest zones for long positions.*_
The US government has suspended operations for the first time since 2018.
_Trump, in turn, pushed for the shutdown to dismantle_ government programs and dismiss Democrats working in the federal government 😁
🟢Even after the record 35-day shutdown in 2018, the market gained +11.6% in just three months. *According to experts, for Wall Street, a shutdown is more of a "discounted buying opportunity" than a disaster.📈*
_*So no need to panic - keep working. Waiting for a signal?🔥*_