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Hello Traders! While there are some mixed signals in the crypto market today, the overall trend is bullish. Letโs take a look at todayโs key points:
โ Bullish Signals:
Bitcoin Strong: $BTC is currently stable above $96K, and the global market cap has surpassed $3 Trillion! ๐
Altcoin Surge: Coins like DASH (+41.5%) and ICP (+33%) are performing well.
Whale Accumulation: Big investors (Whales) are buying a lot of BTC and ETH. In particular, 10 whales have added about $855M worth of ETH to their portfolios!
โ ๏ธ Bearish Signals:
Token Unlock: Tokens like SEI, APT, and ENA are being unlocked, which could create some supply pressure in the market. ๐
Short Position: A major whale has taken a short position of BTC/ETH/SOL worth about $35M, which could temporarily lower the price.
๐ก Overall Outlook: Whale buying and positive regulatory news should keep the market up in the long term. However, the token unlock could cause some dips in the short-term. So trade carefully!
Which coin is giving the most profit in your portfolio right now? Let us know in the comments! ๐
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