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Messages - Stanlosky

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DeFi tokens / Philippines to introduce crypto regulations in 2024, says SEC chair

« on: May 07, 2024, 05:57:30 AM »

The Philippine Securities and Exchange Commission (SEC) is looking to introduce a regulatory framework for cryptocurrencies in the second half of 2024.

Solana Forum / Solana to surpass all-time high despite activity decline

« on: May 06, 2024, 07:02:03 AM »

According to DefiLlama, the value of decentralized applications fell by $10 billion in April. In addition, the total value locked (TVL) of the Solana blockchain has fallen from a March peak of $4.64 billion to $3.8 billion at the time of writing.

The decline in Solana’s performance occurred against the backdrop of a decline in the excitement around meme coins in this blockchain, and the fall of Bitcoin (BTC) after its rapid growth in March.

However, Tristan Frizza, founder of decentralized exchange Zeta Markets, believes that Solana is on track to reach and potentially surpass its all-time high, despite the recent decline in activity.

Bitcoin Forum / A Bitcoin option

« on: May 06, 2024, 06:45:48 AM »

A Bitcoin options contract is a derivative contract that allows investors to speculate on Bitcoin price movements without owning Bitcoin itself.

There are two types: call and put options. Call options give investors the right to buy a cryptocurrency at a specific price before a certain date. Put options, on the other hand, allow investors to sell a cryptocurrency at a particular price before the expiry date.

On May 3, a total of 23,367 Bitcoin contracts worth $1.39 billion are set to expire. Data from the Deribit exchange reveal that the put-to-call ratio for Bitcoin options contracts is currently at 0.5, with a maximum pain point of $61,000. The maximum pain point refers to the price at which the asset will cause financial losses to the greatest number of holders.

Similarly, a total of 334,248 Ether contracts with a notional value of $1 billion are expected to expire on Friday as well. These expiring contracts have a put-to-call ratio of 0.37 and a maximum pain point of $3,000.

The expiry of options contracts has historically been followed by short-term price volatility in the spot crypto market. Bitcoin and Ether have experienced bearish pressure in the past couple of weeks.

Signature Campaigns / Re: [OPEN] Coinomize.biz | Bitcoin Mixer | Signature Campaign

« on: May 05, 2024, 10:43:28 AM »

Altcoinstalks Username: Stanlosky
BTC Segwit/Bech32 Wallet Address: bc1qh2qpc0dcxvj42zt2dpnhd3248duvsps8umhxvz

Ethereum Forum / Is the ETH Bull Market Back or is Another Dip Below $3K Imminent? (ETH analysis)

« on: May 05, 2024, 10:27:25 AM »

Ethereum’s price is yet to continue its uptrend following a rejection from the $4,000 resistance level. But the bulls are now showing signs of strength, perhaps staging a more considerable recovery.

CryptoPotatoTOGGLE NAVIGATION
HOME » ETH » IS THE ETHEREUM BULL MARKET BACK OR IS ANOTHER DIP BELOW $3K IMMINENT? (ETH PRICE ANALYSIS)
Is the Ethereum Bull Market Back or is Another Dip Below $3K Imminent? (ETH Price Analysis)
Author: CryptoVizArt

Last Updated May 4, 2024 @ 14:26
Ethereum’s price is yet to continue its uptrend following a rejection from the $4,000 resistance level. But the bulls are now showing signs of strength, perhaps staging a more considerable recovery.

[Technical Analysis
As the daily chart depicts, Ethereum’s price has been making lower highs and lows inside a descending channel since failing to break above the $4,000 resistance level.

Yet, the cryptocurrency is climbing back above the $3,000 level and the midline of the channel. If the market successfully recovers back to these levels, a breakout above the channel and a continuation toward $4,000 and even higher prices can be expected.

The 4-Hour Chart
The 4-hour chart offers a much clearer picture of recent price action. The market has barely broken through the $3,000 resistance zone and is currently testing the midline of the descending channel.

With the RSI showing values above 50%, ETH is likely to break through the level and potentially continue outward to the $3,600 resistance area. In this case, market participants can be optimistic that a new bullish wave will begin soon.

Sentiment Analysis
Ethereum Funding Rates
Following the recent decline in Ethereum’s price, many futures traders have been liquidated or reversed their long positions. This can be a good sign, as the futures market has seemingly cooled down.

This chart demonstrates the Ethereum funding rates metric, which measures whether buyers or sellers are executing their futures orders more aggressively (using market orders). Positive values point to bullish sentiment, while negative ones show bearish expectations.

It is evident that the funding rates have significantly dropped compared to a couple of months ago. Low but positive funding rates can be interpreted as a bullish signal, as they show that while the futures market is not overheated anymore, the demand is still there, and the price can soon rally higher.

Bitcoin Forum / BlackRock's BTC ETF Posts 1st Day of Outflows Leading Record $563M Exit U.S spot

« on: May 03, 2024, 06:00:05 AM »

Fidelity's FBTC, not GBTC, led outflows on Wednesday in what may be an alarming development for the bulls. BlackRock's IBIT had its first-ever day of outflows, with $36.9 million exiting the fund. Fidelity's FBTC led outflows, shedding $191 million, followed by GBTC, ARKB and IBIT.
Fed Chair Powell ruled out a rate hike as the next move, catalyzing a brief bounce in BTC.

Investors dumped U.S.-based spot bitcoin (BTC) exchange-traded funds (ETFs) at the fastest pace ever on Wednesday, even as Federal Reserve (Fed) chairman Jerome Powell dismissed the prospect of a rate hike.
The 11 ETFs saw a cumulative net outflow of $563.7 million, the largest since the funds began trading on January 11, extending a five-day losing streak, according to data source Farside Investors and CoinGlass. Investors have pulled out nearly $1.2 billion from the ETFs since April 24. Also notable Wednesday were the first-ever outflows from BlackRock's iShares Bitcoin Trust (IBIT), which saw $36.9 million exiting the fund.

Fidelity’s FBTC led outflows on Wednesday, losing $191.1 million in withdrawals. This might be alarming to bulls as FBTC and BlackRock’s IBIT consistently attracted funds in the first quarter, more than compensating for the regular large outflows from the relatively costly Grayscale ETF (GBTC).

On Wednesday, GBTC witnessed the second-largest outflow of $167.4 million, followed by ARKB’s $98.1 million and IBIT's $36.9 million. Other funds also bled money even though Powell's net-dovish approach put a floor under risk assets, including bitcoin. A dovish stance is one where the central bank prefers employment and economic overgrowth over excessive liquidity tightening.

The Fed also said it will significantly curtail its alternate liquidity tightening program, called quantitative tightening (QT), starting June. Meanwhile, the U.S. Treasury announced a program to buy back billions of dollars in government debts for the first time in over two decades to improve liquidity in the bond market.
Like other risk assets, bitcoin is sensitive to expected changes in liquidity conditions and witnessed a brief rally from $56,620 to $59,430 following Powell’s comments. The yield on the 10- and two-year Treasury notes fell along with the dollar index.

BTC’s bounce, however, was short-lived, with bitcoin falling back to $57,300 at press time. Early this week, Asia's first spot bitcoin and ether (ETH) ETFs debuted in Hong Kong with disappointing volumes, worsening the mood in the crypto market.

General Discussion / Contentment

« on: April 30, 2024, 04:20:20 PM »

One of the greatest challenge of our human race is lack of contentment most especially in our youth. Trying to acquire more of anything is not bad if only u are using a resources or your resources as the case maybe to acquire what u want but when you want to acquire your desires but lack the resources to achieve the level of your desired outcome tends to lead to searching of other means possible beyond your capacity is purely lack of contentment. This resources can be monetary, power or orherwise. This has led to many of our youths doing things they ought not to do. Let's acquire what we want to acquire within the spheres of our capacity then we can grow it into a larger atmosphere.

Bitcoin Forum / Bitcoin Slips Under $62K as Hong Kong ETFs Disappoint

« on: April 30, 2024, 03:46:44 PM »

Bitcoin (BTC) faced selling pressure during European hours after data showed poor uptake for Hong Kong’s newly listed exchange-traded funds tied to bitcoin and ether.
The leading cryptocurrency by market value fell nearly 2% from $63,300 to under $61,000 in 60 minutes to 09:00 UTC, CoinDesk data show. Ether (ETH), the second-largest cryptocurrency, slipped 2.8% to $3,066.
The six ETFs that commenced trading in Hong Kong on Tuesday fell far short of expectations, with a combined trading volume of just $11 million, a fraction of the expected $100 million. Bitcoin ETFs accounted for $8.5 million of the tally, while ether ETFs contributed the rest.

The cumulative volume is also significantly lower than the U.S.-based spot BTC ETFs' first-day tally of $655 million. Nearly a dozen spot BTC ETFs began trading in the U.S. on January 11 and have pulled in nearly $12 billion in investor funds since then. Inflows, however, have recently slowed, stalling bitcoin’s uptrend.
Spot ETFs allow investors to take exposure to cryptocurrency without having to own it. They are considered a better option than futures-based ETFs, which are subject to rollover costs.

Bitcoin Forum / All you need to know after Bitcoin halving

« on: April 22, 2024, 09:45:56 AM »

HOW WAS THE PRICE MOVEMENTS IN BITCOIN HISTORY AND WHAT WILL BE THE NEXT?

THE ONLY BITCOIN CHART YOU'LL EVER NEED.

BITCOIN JUST COMPLETED ITS 4TH HALVING ON THE 20TH OF APRIL, 2024. 00:09:27 UTC AT PRICE $63,938.

AS HISTORY HAS IT, MANY ALT COINS WILL HAVE GREAT PERFORMANCE AND GIVE US XXX THAN THE BTC, BUT THERE'S ALSO RISK ON ALT COINS. AS YOU CAN SEE IF IN ONE DAY BTC HAVE ABOUT 8% CORRECTION ,THEN THE ALT COIN COULD ALSO HAVE UP TO 30% TO 50% CORRECTIONS OR MORE.

1ST BTC HALVING IN 2012 BULL RUN STARTED 48 DAYS AFTER HALVING.

2ND BTC HALVING IN 2016 BULL RUN STARTED 250 days AFTER HALVING.

3RD BTC HALVING IN 2020 BULL RUN STARTED 150 DAYS AFTER HALVING.

4TH BTC HALVING THE 2024 BULL RUN.... EXPECTATIONS ARE HIGH ON HOW MANY DAYS IT WILL TAKE FOR THE BULL RUN TO SET IN.

BUT IT WILL BE MASSIVE BECAUSE ALL OTHER BULL RUN HAPPENED WITHOUT THE ETF PRESENCE. HOWEVER, THIS IS THE FIRST BULL RUN THAT WILL BE HAPPENING WITH THE PRESENCE OF THE ETF.

EXPECT THE BEST