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Mega Whale Withdraws $53 Million Worth of Bitcoin from Binance

Mega Whale Withdraws $53 Million Worth of Bitcoin from Binance @ According to analytics platform Lookonchain, a whale withdrew roughly $53 million worth of Bitcoin from Binance over the past five hours. The whale in question sold roughly $302 million worth of Bitcoin over the period from March 15 to March 15.  Smart money accumulating Bitcoin?  Some social media users started speculating about the possibility of large institutional investors entering the market following the approval of several Bitcoin ETFs.  Last week, there was a notable change in accumulation trends, with whales distributing their holdings instead of expanding their portfolios. Bitcoin whales have been instrumental in shaping the direction of the market, which is why their moves are closely monitored by the cryptocurrency community. At the end of 2023, whales still accounted for nearly 40% of Bitcoin's total supply, a testament to their immense influence. @2 Bitcoin's recent ...

Is the Bitcoin, Crypto Bull Market Over?

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  Is the Bitcoin, Crypto Bull Market Over? Analysts Weigh In Bitcoin  BTCUSD  has experienced an approximately 19% drop since hitting its all-time high (ATH) on March 14, 2024. This condition raises concerns about the current bull market’s longevity. However, despite the recent correction, many analysts believe this represents a healthy consolidation within the ongoing bull market, not its end. Bitcoin Correction Signals Market Health, Not End of Bull Run On-chain data platform Sentiment reports a shift in market sentiment. According to Sentiment data, the “bull market/cycle” mentions have risen since late March. Moreover, Sentiment observes a decline in FOMO (fear of missing out) sentiment and a rise in FUD (fear, uncertainty, and doubt). Sentiment further suggests that prices have historically moved contrary to the prevailing sentiment of the masses. Therefore, there is a potential for a recovery before or shortly after the approaching Bitcoin halving. @ ...

How do I analyze the BTC market?

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Analyzing the Bitcoin (BTC) market involves a combination of fundamental analysis, which examines the underlying factors affecting Bitcoin's value, and technical analysis, which studies historical price data and market trends. Here's a general guide on how to analyze the BTC market: @ 1. **Fundamental Analysis:**    - Understand Bitcoin's fundamentals: Research and understand the technology, network security, adoption trends, regulatory developments, and macroeconomic factors influencing Bitcoin's value.    - Monitor news and events: Stay updated with news related to Bitcoin, including announcements from major companies adopting Bitcoin, regulatory decisions, macroeconomic trends, and geopolitical events.    - Assess network metrics: Track metrics such as hash rate, mining difficulty, transaction volume, and active addresses to gauge the health and activity of the Bitcoin network.    - Consider macroeconomic factors: Analyze broader economic t...

What mean by halving of Bitcoin (BTC)?

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The "halving" of Bitcoin refers to an event that occurs approximately every four years when the reward for mining new blocks on the Bitcoin blockchain is reduced by half. This event is programmed into the Bitcoin protocol and is designed to occur every 210,000 blocks, which roughly equates to four years given the average block time of 10 minutes. When Bitcoin was first launched in 2009, the block reward for miners was set at 50 bitcoins per block. In the first halving event in 2012, this reward was halved to 25 bitcoins per block. Then, in the second halving event in 2016, the reward was further reduced to 12.5 bitcoins per block. The most recent halving occurred on May 11, 2020, reducing the block reward to 6.25 bitcoins per block. The purpose of the halving is twofold: 1. **Supply Control:** By reducing the rate at which new bitcoins are created, the halving helps to control the inflation rate of Bitcoin. This scarcity is one of the key features that gives Bitcoin its value...

Tips for beginners in cryptocurrency

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What are some tips for beginners looking to trade in bitcoin and other cryptocurrency markets? What resources are available to help with this?  For beginners looking to trade in Bitcoin and other cryptocurrency markets, here are some tips to consider: 1. Educate Yourself: Take the time to learn about blockchain technology, cryptocurrencies, and how trading works. Understand key concepts such as wallets, exchanges, trading pairs, market orders, and technical analysis. @ 2. Start Small: Begin with a small amount of capital that you can afford to lose. Cryptocurrency markets can be highly volatile, so it's important to start with a conservative approach and gradually increase your exposure as you gain experience. 3. Research and Analysis: Conduct thorough research before making any trades. Analyze market trends, news, and developments in the cryptocurrency space. Use both fundamental analysis (examining the underlying value of a cryptocurrency) and technical analysis (studying pri...

Can blockchain technology track the destination of bitcoin transactions?

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 Blockchain technology enables transparent and immutable tracking of Bitcoin transactions. Every Bitcoin transaction is recorded on the blockchain, which is a decentralized and distributed ledger. While the identities of the parties involved in transactions are not directly linked to their wallet addresses, all transactions are publicly available for anyone to view. @ By examining the transaction history on the blockchain, it is possible to track the movement of bitcoins from one wallet address to another. Each transaction includes information such as the sender's address, the recipient's address, the amount of bitcoin transferred, and a timestamp. This information allows anyone to trace the flow of bitcoins through the blockchain network. However, it's important to note that while blockchain technology provides transparency and traceability, it does not inherently reveal the real-world identities of the parties involved in transactions. Bitcoin addresses are pseudonymo...

Pendle update || Going up ready for buy ||

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 Pendle coin update @ In this Video big update about pendle coin going up, by using technical indicators and buy using candle time frame, please and subscribe my channel,  @