Cryptostories

Are you okay? I warned you.

Short-term adjustments will help the market recover better

SHORT ETH
Entry: 464x - 4700
SL: 4878
TP: 4400 - 4300 - 4100

So unlucky, I got swept SL

LONG #ETH
Entry: 430x
SL: 4259
TP: 4400 - 4440

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BTC Overview

In the short term, there are only a few hours left until the end of July, the possibility of BTC continuing in the sideways zone (114.7 - 123.2), if BTC breaks 119.8, then there is a chance that BTC will have a rally to test the old peak.

#DYOR

Prominent fundraising projects of the week

1. ChainOpera AI
2. True Chain
3. Avalon Labs
4. Usual
5. Nodepay

ECONOMIC CALENDAR TO NOTE THIS WEEK (02/01 - 03/01/2025)

⏰Date 02/01
20:30 Initial Jobless Claims
21:45 Purchasing Managers' Index (PMI) - December
22:00 ISM Manufacturing PMI for December
23:00 Crude Oil Inventories

⏰Date 03/01
22:00 ISM Manufacturing PMI for December

Unverified reports suggest that the UAE holds $40 billion #Bitcoin . This could potentially make the UAE one of the largest cryptocurrency holders.

Official data on countries holding $BTC shows that the US leads with 207,189 BTC, worth nearly $19.76 billion.

China closely follows with 194,000 BTC worth approximately $18.5 billion, while the UK holds 61,000 BTC, equivalent to $5.82 billion.

If the UAE indeed holds $40 billion in Bitcoin, this figure would surpass the total holdings of the US and China.

A cash flow of $BTC has flowed out from spot exchanges in the past few hours.

Some of #Bitcoin is being transferred to derivative instruments, while some others are being transferred to cold wallets.

The net inflow into US spot ETFs on December 17 was recorded at +493.9 million USD for $BTC and +144.7 million USD for $ETH

- The net inflow of BTC ETFs has remained positive for 14 consecutive trading days.
- BlackRock's iShares Bitcoin Trust (IBIT) salvaged the situation with a large inflow of 6,969 BTC (741.4 million USD). This ETF currently holds approximately 549,925 BTC (57.19 billion USD).
- On the other hand, the Fidelity Wise Origin Bitcoin Fund (FBTC) saw its largest outflow yesterday at 128.2 million USD.

The total capital inflow after 236 trading days now stands at 36.74 billion USD.

$BTC : Should you start taking profits?

If you are trading #Bitcoin , monitoring the S2F Reversion Metric can be a useful tool to time your profit-taking or buying in. Here is some important information you need to know:

This is an indicator that compares the actual Bitcoin price with the predicted value according to the Stock-to-Flow (S2F) model.

This data helps you identify what level the market is at:

- Below value (buy opportunity), reasonable,
- Or too hot (profit-taking opportunity).

On September 11th, when Bitcoin reached a price of $57,000, the S2F Reversion index dropped below 1, signaling a buy.

Currently, if the S2F Reversion index exceeds 2.5, that is when you might consider starting to take some profits. When it goes above 3, taking more profits will be a safer decision.

IMPORTANT ECONOMIC CALENDAR FOR THE WEEK (16/12 - 20/12)

⏰December 16
21:45 Purchasing Managers' Index (PMI) - Manufacturing (December)
21:45 PMI Services Index (December)

⏰December 17
20:30: Core Retail Sales (Month over month) (November)
20:30: Retail Sales (Month over month) (November)

⏰December 18
22:30 Crude Oil Inventories

⏰December 19
02:00 FOMC Economic Projections
02:00 FOMC Statement
02:00 Interest Rate Decision
02:30 FOMC Press Conference
20:30 Gross Domestic Product (GDP) (Quarter over quarter) (Q3)
20:30 Initial Jobless Claims
20:30 Philadelphia Fed Manufacturing Index (December)
22:00 Existing Home Sales (November)

⏰December 20
20:30 Core PCE Price Index (Month over month) (November)
20:30 Core PCE Price Index (Year over year) (November)

This week's important news has a significant impact on interest rate decisions, so please pay attention to generate trading opportunities.

A large amount of #Bitcoin has been withdrawn from spot exchanges, especially in recent days.

This data has been observed while the price is rising, indicating that investors are continuing to accumulate Bitcoin. It seems that investors are anticipating a new ATH for Bitcoin.

ECONOMIC CALENDAR TO NOTE THIS WEEK (12/11 - 12/12)

⏰
December 11
20:30 Core CPI (Month over month) (November)
20:30 Consumer Price Index CPI (Year over year) (November)
20:30 Consumer Price Index (CPI) (Month over month) (November)
22:30 Crude Oil Inventories

⏰
December 12
20:30: Initial Jobless Claims
20:30: Producer Price Index PPI (Month over month) (November)

Important news this week is #CPI causing strong fluctuations, so be aware to generate trading opportunities.

Most liquidated assets in the past 24 hours

$BTC $ETH $XRP #DOGE #SOL #SUI #WLD #MORPHI #PNUT

Spot investors are still maintaining their positions and are not in a hurry to sell off. This shows a high level of confidence in the long-term potential of #Bitcoin .

The Futures market seems hesitant to engage in buying, which may be due to investors being uncertain about the price trend.
There is an important support zone of $BTC in the range of $90,000 to $93,000, and if the price holds steady here, stability or even a price recovery may occur.

If the price drops below $89,000, a sell-off may emerge, weakening the market.

Coinbase Premium & MA Index Shows Uptrend of #Bitcoin
It's up to 99k again:

- Coinbase Premium: An index that measures the difference in Bitcoin price between Coinbase and other exchanges. A high level of this index shows strong demand for Bitcoin on Coinbase.

Golden Cross appears when the short-term MA (24 hours) crosses above the long-term MA (168 hours), signaling an uptrend => Currently, Bitcoin's long-term MA has turned from bearish to bullish, creating a positive sign for price recovery.

The price of $BTC is also fluctuating in a narrow range, and if there is enough demand, Bitcoin can "break out" and continue to increase in price.

Investment demand of #Bitcoin from retail investors has surged, reaching the highest level since 2020!

This is sustaining strong buying power even as long-term investors begin to take profits.

🔹History: An increase in retail may signal a short-term price peak, but combined with interest from institutions, it could create sustainable growth momentum.
🔹Sideways phase: Bitcoin may fluctuate before targeting 100k USD, where retail demand could rise again.