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Messages - Cristiano

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76
#PROOF OF REGISTRATION
Forum Username: Zemx
Forum Profile Link: https://www.altcoinstalks.com/index.php?action=profile;u=75915
Telegram Username:@zem_x
Participated Campaigns: Twitter, facebook, telegram, signature
Bep-20 Wallet Address:
0xdf87b7ca80Dcdd90F5CDCc8Acd576Da7fe2cf9A5

77
Bitcoin has been moving in the mid and high range of $30,000. At the time of writing, the first cryptocurrency by market cap trades at $37,347 with 2.8% profits in the daily chart with moderate losses in higher timeframes.


BTC’s price was rejected at $38,000. This level has become a key resistance and must be overcome if the recovery is to be successful. Anonymous analyst Rekt Capital believes that there could be further downside in the coming weeks, as BTC’s price action hints at the formation of a “Death Cross”.

This indicator appears when BTC’s price 50 Exponential Moving Average (EMA) cross below the 200 Exponential Moving Average (EMA). They are the opposite of the “Golden Cross”, this indicator points to appreciation and is a signal that the bulls will retake the offensive.

With a “Death Cross”, as the analyst said, usually there is a wide period of downside for BTC’s price. During the 2013 bull run, it took 135 days or around 4 months for Bitcoin to form this indicator. In the meantime, the price dropped 73%. Rekt Capital said:

The Death Cross occurs with some lag So by the time it happens – a lot of downside will have already happened. That said, the Death Cross confirms a bearish trend and precedes even more downside. And in 2013, the Death Cross preceded an additional -71% drop…

Sorce link

78
Bitcoin whales have started accumulating again and one particular whale that dumped a major share at the near-perfect top was seen buying again. Whales buying and selling is seen as a major market sentiment indicator as these whales often dump on market in anticipation of a price crash and start buying when they believe the market has reached a potential price bottom. Thus, the current buying spree seen among whales could indicate Bitcoin price bottom might be near.
The whale who dumped thousands of $BTC at the near perfect top

has been buying the last weekshttps://t.co/FPa3ALgdWn#BTC #bitcoin @DocumentingBTC @BTC_Archive pic.twitter.com/srLYcqupL9

— tehMoonwaLkeR (@tehMoonwalkeR) June 1, 2021

Bitcoin price registered its first red monthly candle in May this bull season, a month that saw the price fall 50% from the all-time high of $64,685. BTC is currently trading just above $36,000, consolidating under 40,000 for nearly three weeks now. The coming month could see a possible trend reversal after breaking the key resistance of 40,000 and whale accumulation could become the possible catalyst.

The first week of May saw the crypto market bleed more than $500 billion of its $2 trillion market cap. While analysts have been predicting a market sell-off of such magnitude for quite some time owing to continuous 5 months long bullish momentum, the correction took many by surprise.

More information

79
● Twitter Report ●
Week: 1 (25/05 - 31/05)
Twitter Profile: https://twitter.com/samimis35239256?s=09
https://twitter.com/samimis35239256/status/1399281647896338432?s=19Retweet Link #1: https://twitter.com/samimis35239256/status/1399281512109920257?s=19
Retweet Link #2: https://twitter.com/samimis35239256/status/1399281547715375107?s=19
Retweet Link #3: https://twitter.com/samimis35239256/status/1399281580128960513?s=19
Retweet Link #4: https://twitter.com/samimis35239256/status/1399281612844535809?s=19
Retweet Link #5: https://twitter.com/samimis35239256/status/1399281612844535809?s=19
Tweet Link#1: https://twitter.com/samimis35239256/status/1399279784312545282?s=19
Tweet Link#2: https://twitter.com/samimis35239256/status/1399279811156086784?s=19
Tweet Link #3: https://twitter.com/samimis35239256/status/1399279846820171779?s=19
Tweet Link #4: https://twitter.com/samimis35239256/status/1399279892693327872?s=19
Tweet Link #5: https://twitter.com/samimis35239256/status/1399279933524832263?s=19


● Facebook Report ●
Week#: 1 (25/05 - 31/05)
Facebook Profile Link: https://www.facebook.com/profile.php?id=100054412420604
Share Link #1: https://www.facebook.com/100054412420604/posts/278915967265482/
Share Link #2: https://www.facebook.com/100054412420604/posts/278916043932141/
Share Link #3: https://www.facebook.com/100054412420604/posts/278915897265489/
Share Link #4: https://www.facebook.com/100054412420604/posts/278916020598810/
Share Link #5: https://www.facebook.com/100054412420604/posts/278916110598801/
Custom Post Link #1: https://m.facebook.com/story.php?story_fbid=278914840598928&id=100054412420604
Custom Post Link #2: https://m.facebook.com/story.php?story_fbid=278914880598924&id=100054412420604
Custom Post Link #3: https://m.facebook.com/story.php?story_fbid=278914933932252&id=100054412420604
Custom Post Link #4: https://m.facebook.com/story.php?story_fbid=278914980598914&id=100054412420604
Custom Post Link #5: https://m.facebook.com/story.php?story_fbid=278915030598909&id=100054412420604

80
WisdomTree has filed for an exchange-traded fund (ETF) based on ether, according to a new S-1 filed with the Securities and Exchange Commission.

The so-called WisdomTree Ethereum Trust plans to list on Cboe BZX Exchange, the same venue it plans to list shares of its proposed bitcoin ETF. The proposal will be updated as it goes forward, but so far it's yet to settle on a ticker or a custodian. Delaware Trust Company is the proposed trustee.

The ETF is a vehicle for gaining exposure to the price of ether with shares priced by the CF-Ether-Dollar US Settlement Price. As the filing notes:

"As the Shares are listed on the Exchange, investors can indirectly invest in a portfolio comprised of ether through a traditional brokerage account. The Trust provides investors with the opportunity to access the market for ether through a traditional brokerage account without the potential barriers to entry or risks involved with holding or transferring ether directly, acquiring it from an ether exchange, or mining it."

WisdomTree is the second to apply for an ETH ETF, following VanEck's submission earlier this month. Both entities plan to list on Cboe and have bitcoin ETF proposals before the regulator that they also plan to list on Cboe. Still, the SEC has yet to approve any crypto ETF offering, and many bitcoin ETFs have been stopped short of approval by the agency.

But multiple ETH ETFs have already gone live in Canada. Those approvals came just weeks after Canadian regulators first gave bitcoin ETFs the green light.

Sorce

81
Ethereum keeps declining, now hitting the $2,436 level on the Binance exchange and shedding 11 percent in a single day.

ETH000_098yu
The highest level reached by the second-largest crypto a day earlier was $2,886. The coin's market cap is now down to $290,989,404,272, but it is restoring gradually along with the ETH price.

This fall seems to be the result of the current Bitcoin decline, caused by Chinese regulators clamping down on cryptocurrencies and crypto mining due to CO2 issues.

The drop has occurred despite growing institutional interest in Ether and validators continuing to lock large amounts of ETH in the Ethereum 2.0 deposit contract.

More information

82
At a conference yesterday, Ethereum co-founder and unofficial figurehead Vitalik Buterin argued that Ethereum’s upcoming transition to a proof-of-stake consensus mechanism is a “solution” to the blockchain’s rampant energy consumption that has been incensing critics as of late.

In an interview at the StartmeupHK virtual conference hosted from Hong Kong, Buterin said that while proof of stake is “still in its infancy and less battle-tested” than Ethereum’s current proof-of-work model, it can ultimately reduce the chain’s energy consumption by upwards of 10,000x.

The comments come amid a period of rampant criticism of blockchain technology for its ecological impact — including from some erstwhile supporters. Tesla founder Elon Musk recently undertook an about-face in regards to the car company accepting Bitcoin payments, saying that he could not encourage the use of fossil fuels via Bitcoin mining. In other threads, he also called for Dogecoin to increase its efficiency across several key metrics.

Buterin directly responded to these comments about scalability in a blog post on his website, laying out the problems with trying to scale by simply tweaking the parameters around blocksize.

The limits to blockchain scalability (or, why you can't "just increase the block size by 10x"):https://t.co/y08T3TMr2U

— vitalik.eth (@VitalikButerin) May 23, 2021
Earlier in the month, Buterin also argued that Bitcoin’s continued use of proof-of-work means that the chain, which is currently the world’s largest, will eventually get “left behind” as users increasingly demand more energy-efficient and environmentally friendly options — a phenomenon he says makes it “possible” that Ethereum eventually eclipses Bitcoin and the largest digital asset.

Ultimately, Buterin seems to agree with critics regarding the need for blockchains to adopt newer, more efficient models  — especially as the chain grows in volume and becomes a widely relied-upon computational network.

"This thing we’re building isn’t just a game anymore. It’s a significant part of a new era.”

Sorce

83
Infamous whistleblower Edward Snowden claims that President Joe Biden's $6 trillion budget is "good" for Bitcoin in a recent tweet:

Six trillion dollars? This is good for Bitcoin.

On May 27, The Wall Street Journal reported that POTUS was on track to unveil his mammoth budget proposal for 2022 this Friday.

Despite growing inflation concerns, Bitcoin is on track to score its worst month in nearly 10 years.



On May 19, the cryptocurrency plunged as low as 30,000 and has so far failed to gain a footing above $40,000.

This is not the first time that Snowden has commented on Bitcoin's price action. Following the pandemic-driven crash in March 2020, the former NSA contractor said that he felt like buying it.
Yet, Snowden routinely criticizes Bitcoin for its lack of privacy.

Sorce link

84
Bitcoin may not mean an end to traditional currency and banking, according to Peter Van Valkenburgh, research director at Coin Center.

“I think there’s folks in the Bitcoin community who probably make too many noises about how Bitcoin is going to dominate all economic systems and nobody will be using dollars anymore, and nobody will be using banks anymore, and I think that’s actually a little foolhardy,” Van Valkenburgh said in a Friday interview with the Washington Journal on C-Span.

“The fact of the matter is that there’s going to be times when a Bitcoin transaction is what you want. Definitely if you are in an oppressive state like Nigeria or Belarus you might find it more useful to use Bitcoin. In the U.S., we have a pretty stable banking system. We have the rule of law, we have a pretty well-functioning government.”
The way in which Bitcoin is used can depend on users’ geographic location. In some countries, Bitcoin (BTC) is seen as more of a speculative asset, used for trading and investing.

In other regions, Bitcoin can serve as a vehicle of greater freedom, providing users more flexibility and faster payments, as well as an avenue out of inflationary troubles when compared to traditional finance and currency.

“Generally speaking, here in the U.S., you’ll probably still use credit cards and Venmo and things like that, but maybe you’ll want to buy some Bitcoin because it can be a way to balance your investment portfolio against the threat of inflation,” Van Valkenburgh said, subsequently referring to similarity to gold in terms of limited supply.

“So maybe, you know, as part of a balanced portfolio that includes other safer investments, you might have a little bit of Bitcoin to hedge against inflation,” he noted

Sorce

85

The Bitcoin Dominance Rate (BTCD) has been decreasing alongside a descending resistance line since Jan. 3, 2021.

While it bounced on May 19, it has been decreasing since reaching a high of 48.67%, on May 23.

BTCD resistance line
BTCD has been following a descending resistance line since Jan. 3, 2021. The line caused a rejection on March 24, leading to an accelerated downward movement.

On May 19, BTCD settled on a low of 39.66% and bounced considerably, leading to a high of 48.67%, four days later. However, it failed to reach the resistance line and has been moving downward since.

Technical indicators are showing bullish signs. The Stochastic oscillator made a bullish cross (green icon) and the MACD histogram is increasing. However, the signal line is still below 0 and the RSI is below 50.

Therefore, the bullish reversal is not confirmed yet.

More information

86
Proof of authentication
- ETH: 0x9Af2db11FAE805b411C0A7D940778750b262dDf0
- Email: [email protected]
- Campaigns applied for: twitter, facebook

87

Price action for Bitcoin (BTC) and the wider cryptocurrency market was relatively subdued on May 27 as nervous traders remain unsure of what comes next following last week’s market plunge that saw leveraged traders wiped out as BTC dipped as low as $30,000 before its price rebounded.

Data from Cointelegraph Markets Pro and TradingView shows that while Bitcoin's price has managed to put in higher highs and higher lows over the past week, bulls continue to face stiff resistance at any meaningful attempt to break above $40,000 as bears defend the psychologically important level.


BTC/USDT 4-hour chart. Source: TradingView
For many traders, the recent correction likely triggered PTSD-like flashbacks of the market crash of 2017 and 2018 and the ensuing two-year crypto winter, and this could be a reason why the market seems indecisive at the moment.

Given that many traders are unsure of what might come next for Bitcoin's price, it's wise to consider the various bullish and bearish scenarios that could play out and to also take stock of the opinions of analysts in the sector.

Traders remain cautious after the recent sell-off
According to David Lifchitz, managing partner and chief investment officer at ExoAlpha, it's important to look closely at the recent market events and review the catalysts that created the current situation.

Lifchitz told Cointelegraph that following an “almost uninterrupted bull run from $10,000 in October 2020 to an all-time high for BTC at $65,000 in mid-April 2021,” the market saw several waves of profit-taking ahead of the “great deleveraging of 2021,” which saw the price of BTC fall by 54% to $30,000, while Ether (ETH) and altcoins were hit even harder.

According to Lifchitz, the correction succeeded in "drastically reducing the amount of leverage that prevailed in the ecosystem," which can be seen as a healthy development for the overall market, as it will help "to build on a more stable base."

More information

88
According to data from Skew Analytics, more than 55,000 bitcoin options contracts worth $2.2 billion will expire on Friday. Statistics further show, as far as options are concerned, Deribit captures the lion’s share of contracts with 48,469 bitcoin options contracts ($1.95 billion notional) set to expire.

55K in Bitcoin Option Set to Expire, Deribit Carries $1.95 Billion Notional
Another large options expiry is set to happen on May 28, 2021, following last week’s bitcoin (BTC) market sell-off. The analytics provider’s Twitter account from skew.com revealed on May 25, 2021, that over “55k bitcoin options expiring this Friday with $40k strike open in $130mln notional.”
Skew data shows approximately 55,900 contracts ($2.2 billion) will expire around 4 a.m. (ET) on Friday.
The options expiry follows the recent market carnage stemming from China, significant leverage, and environment FUD during the last two weeks. However, Skew Analytics said that bitcoin (BTC) markets absorbed “this week’s sell-off much better than during the COVID-19 panic on the 12th of March 2020 with BTC going
Data from the derivatives exchange Deribit shows the lion’s share of bitcoin options contracts have been placed on the trading platform. In regard to BTC options, in terms of open interest, exchanges like Ledgerx, Okex, and CME follow Deribit’s lead respectively.

At press time, BTC ‘max pain’ at $50k is 26.9% higher than bitcoin’s (BTC) current spot market price at 5:30 p.m. (ET) on Thursday evening.
Insights from Deribit indicate the exchange has a “large expiry coming up tomorrow as 48,469 BTC option contracts (USD 1.95b notional) expire and 307,558 ETH options (USD 877m notional).”

Deribit Insights notes that “‘max pain’ for BTC is USD 50k and ETH USD 3k.” Deribit has also launched a new August expiry and July futures will be launched on May 28, 2021.
The derivatives exchange further notes that “Contango has returned with annualised yields up to 8.5% for BTC and 10% for ETH,” and “perpetual funding positive again as well.” The Deribit Implied Volatility Index (DVOL) “ decreased to (still elevated) level of 110-115.”

More info

89
Hi persgrata you are welcome as new bounty manager of Bitfresh bounty.

You have created a form and given short period of time to fill up. Many hunters missed the form fill up. I am requesting you to reopen the form for one or two days more please. It will help the participants because most of the users worked here 17 weeks. If you don't open the form, most of the participants will be deprived from payments.

I hope you will think about.


Malam90
+1
Welcome to this forum as the new manager.I agree with Malam Bhai.There are a lot of bounty hunters out there right now Could not submit form.Please fill out the form again so everyone can submit.There are many participants who have yet to submit 17 weeks of work but have not been able to submit a form.They will have to lose the bounty payment if they cannot complete the submission soon.So I would say that the form should be given again so that everyone can submit.

90

Quick Take
Whales bought large amounts of bitcoin last week, according to a report from Chainalysis.
Bitcoin’s price dropped as low as $30,000 during this time.
Large investors used bitcoin’s price crash last week to acquire more coins, according to blockchain analytics firm Chainalysis.

In its latest market intel report, Chainalysis chief economist Philip Gradwell wrote that “investor whales” bought 77,000 bitcoin last week, an amount currently worth just above $3 billion. This is based on Chainalysis's monitoring of on-chain data.

Last week, bitcoin’s price slid considerably from $49,000 to a low of $30,000, at one point wiping out $3.3 billion in liquidations during a single hour.

The market intel report concurs with The Block’s reporting that hedge funds and asset managers were buying the dip, particularly in bitcoin’s $30,000 - $35,000 range.

Large on-chain losses
According to Chainalysis’s report, this price crash saw a considerable amount of bitcoin being moved on-chain at a loss. Gradwell stated that 1.2 million bitcoin was sent at a 5 - 25% loss, with 120,000 bitcoin moved at a 25% loss or worse.

“However, this was a smaller number of bitcoin sent at loss than in the late 2017 and mid-March 2020 price crashes, suggesting that last week was not the worst capitulation of holders in bitcoin’s history,” he said.


When measured in U.S. dollars, however, the losses stacked up. The report noted that $3.2 billion was sold at a loss last week, coins that had only been acquired 4 - 13 weeks earlier. In fiat terms, it was “the worst week ever for bitcoin investors.”

It was a similar picture for Ethereum. Last week witnessed the most amount of ether ever moved at a loss. The report stated 22.6 million ether was sent at a 5 - 25% loss. On the flip side, Gradwell noted that, “while people took losses on Ethereum, they were not extremely large in percentage terms.”

More info

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