The recent price pump has massively boosted hodlers’ paper gains. Right now, with MVRV going ballistic and hitting a peak just before the Halving, we're looking at record levels of unrealized gains in the crypto stash. Basically, traders are sitting on the fattest stacks of potential profit ever seen at this stage in the game, all thanks to the coin's entry price shooting up.
With the MVRV Ratio floating at 2.26, it’s clear as day that each BTC is swaggering around with a 126% gain on paper. Bulls are definitely feeling cheeky with these numbers, eyeing the next price moves and possibly strategizing when to take profits or hodl for more upside. It’s a classic scenario where you either cash in on those gains or ride the wave to potentially higher peaks.
BitMEX founder Artur Hayes just dropped his forecast, calling the bottom reached and eyeing a moonshot to 70K for Bitcoin by summer’s end. Price action's been on the same roller coaster I banked on. U.S. tax season jitters, Fed moves, Bitcoin's halving, and the slowdown in capital flowing into BTC-ETFs scrubbed the market just right.
Market tourists might hit the beach next phase, if their wallets can hack it. Meanwhile, the die-hard HODLers stateside are scooping up Bitcoin and Ethereum like hot cakes. Plus, trending Solana-shitcoins, Dogwifhat, and Dogecoin are on their radar big time.
In the latest dip, STHs are dodging the bullet bagging way fewer L’s compared to past pullbacks. Seems like these short-termers are getting savvier or maybe the market's just less savage this round.
Level heads are keeping panic sells on the down-low, and I’m spotting some smooth moves on the rebound. It's a fresh vibe from previous chaos could be a game changer for flipping strategies or just a breather before another wild swing. Either way, eyes on the charts, 'cause this ride ain't over.
New #VTHOUSDT spot signal 35580 from PABS bot
Binance VTHOUSDT: ideas, news. V: 177K USDT
Avg: buy -0.46% from top, profit +17.93%. Risk: 10%Binance market - #VTHO
Entry some = 0.003048 - 0.003177
TPS= 0.003259-0.003357-0.0036-0.003777
Stoploss 0.002799
New #FRONTUSDT spot signal 35574 from PABS bot
Binance FRONTUSDT: ideas, news. V: 1116K USDT
Avg: buy -1.93% from top, profit +19.25%. Risk: 25%Binance #FRONT pair FRONTUSDT
Accumulation point : 0.8021 —0.7500
Sell :
- 0.98
- 1.05
- 1.17
- 1.21
Stop 0.6880
New #FRONTUSDT spot signal 35548 from PABS bot
Binance FRONTUSDT: ideas, news. V: 801K USDT
Avg: buy -1.76% from top, profit +21.21%. Risk: 28%Signal - #FRONT
Accumulation limit :0.8252- 0.8599
TPS - 0.88 0.9068 0.95 0.99
Stop0.7570
#REZ (Renzo) listed on Binance
Site: renzoprotocol.com, CoinMarketCap
Twitter: RenzoProtocol
Chat: discord.com/invite/renzo
New #PENDLEUSDT spot signal 35506 from PABS bot
Binance PENDLEUSDT: ideas, news. V: 3502K USDT
Avg: buy -4.2% from top, profit +17.23%. Risk: 97%Binance alt #PENDLE PENDLEUSDT
Accumulate zones =4.104— 4.277
TP
1 : 4.379
2 : 4.55
3 : 5
4 : 5.3
Stoploss: 3.999
BTC's currently hovering around the breakeven zone for those Spot Bitcoin ETF buyers, tagging between ~$57K and ~$58K. Traders are eagle-eyed on this range, watching whether it'll break out or dip. It's a crucial pivot point that could either trigger a bull run or have the bears taking over, serving up some fresh shorts.
Market sentiment's pretty mixed right now, with some investors stacking sats believing it's a steal at these levels, while others are sitting tight, ready to pull the trigger on sell orders if it tips below support. It’s all about playing smart with the resistance and support levels, keeping the FUD and FOMO in check.
Time to look at this month's market insights!
Our research team analyzed the state of the crypto market and provided insights on Bitcoin Runes, liquid restaking, stablecoin supply, and more.
Check it out
https://www.binance.com/en/research/analysis/monthly-market-insights-2024-05/
New #PUNDIXUSDT spot signal 35575 from PABS bot
Binance PUNDIXUSDT: ideas, news. V: 219K USDT
Avg: buy -0.99% from top, profit +20.26%. Risk: 36%Signal : #PUNDIX
Accumulate it some around ::5503 -5735
Sells
Target - 5896
Target - 6100
Target - 6300
Target - 6512
Stop : 5352
New #SKLUSDT spot signal 35514 from PABS bot
Binance SKLUSDT: ideas, news. V: 148K USDT
Avg: buy -2.9% from top, profit +20.7%. Risk: 44%coin name #SKL pair SKLUSDT
Accumulate it near :0.07239—0.07544
Stop 0.06999
Sell
: 0.078
: 0.08389
: 0.08663
: 0.08954
New #ENAUSDT spot signal 35509 from PABS bot
Binance ENAUSDT: ideas, news. V: 9672K USDT
Avg: buy -2.43% from top, profit +29.05%. Risk: 42%coin name = #ENA
Accumulation under :: 784 —817
Stop:749
Take profit :
1: - 899
2: - 1000
3: - 1100
4: - 1200