Either way, if you believe in crypto and are not all in, these are the days to buy more
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DiveInDefi
I am absolutely baffled that we are just bleeding through supports like this without any reaction while tradfi isn’t even doing that bad. Wtf is going on. Who is selling so much?
X (formerly Twitter)
Parker (@TheOtherParker_) on X
This was the highest volume day on $IBIT, ever, by a factor of nearly 2x, trading $10.7B today. Additionally, roughly $900M in options premiums were traded today, also the highest ever for IBIT. Given these facts and the way $BTC and $SOL traded down in…
DiveInDefi
https://x.com/theotherparker_/status/2019587226871447687
Most convincing I have seen so far. Past days were forced selling for sure. If supports don‘t see any room to breathe, then someone is forced to get out.
Forwarded from Crypto News Aggregator by EXCAVO
😱 Stablecoin Inflows Double Despite Persistent Selling Pressure
“It is a positive signal, as it shows that investor interest is gradually returning at this level of correction. This dynamic still needs to strengthen, but some participants are buying this dip.” #stablecoin link link
“It is a positive signal, as it shows that investor interest is gradually returning at this level of correction. This dynamic still needs to strengthen, but some participants are buying this dip.” #stablecoin link link
Forwarded from Crypto News Aggregator by EXCAVO
🇨🇳👮 How to Understand China's New Rules on Tokenization and RWA?
On Feb. 6, Chinese authorities jointly issued Document No. 42, repealing the 2021 "924 Notice". The new rules maintain a strict ban on cryptocurrencies but formally define and regulate RWA (real-world asset tokenization) for the first time. RWA activities are permitted if conducted on approved financial infrastructure and under regulatory oversight. The document also introduces a filing-based framework for offshore tokenization of onshore Chinese assets, indicating a shift from blanket bans to regulated, compliant asset tokenization. #regulation link
On Feb. 6, Chinese authorities jointly issued Document No. 42, repealing the 2021 "924 Notice". The new rules maintain a strict ban on cryptocurrencies but formally define and regulate RWA (real-world asset tokenization) for the first time. RWA activities are permitted if conducted on approved financial infrastructure and under regulatory oversight. The document also introduces a filing-based framework for offshore tokenization of onshore Chinese assets, indicating a shift from blanket bans to regulated, compliant asset tokenization. #regulation link
DiveInDefi
$DJI now properly broke the log trend which started 1929 and became a resistance in January 2000 just when the dot-com bubble topped.
I haven't updated on $DJI in a while. We have broken out and are in price discovery. This is a historic beak and actually insane.
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DiveInDefi
$DJI now properly broke the log trend which started 1929 and became a resistance in January 2000 just when the dot-com bubble topped.
$DJI log chart also absolutely crazy.
DiveInDefi
SPX looks pretty topped to me, at least for the next days and weeks.
$SPX log chart is the same. I belived we were topped but the quick retest of the previous ATH makes this chart very important again. Target for this log channel is SPX to 8000. If we hit this, I will be very bearish and am looking for a proper correction to the lower channel which is around 6000 right now.
200W MA is at 58.3k rn.
I would not be surprised if we touch it eventually. Last dip missed it just by a bit.
Gross market.
I would not be surprised if we touch it eventually. Last dip missed it just by a bit.
Gross market.
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DiveInDefi
Let‘s see if we can touch 73k to form a HL.
Nope..
Pray for 64.8k to hold.
This chart isn‘t screaming strength so far..
Best we can hope for is consolidation for now I guess..
Pray for 64.8k to hold.
This chart isn‘t screaming strength so far..
Best we can hope for is consolidation for now I guess..
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DiveInDefi
Nope.. Pray for 64.8k to hold. This chart isn‘t screaming strength so far.. Best we can hope for is consolidation for now I guess..
This is what I see here:
Continuation triangle pointing towards another leg down unfortunately..
Hopium is a break to the upside. We need to break 73k and we should see a rally above. Right now I‘d lean towards 58-59k test (at least) first.
Looking at Gold and stocks, all of this price action doesn‘t make sense. TA wise it does, it simply is a bear market while everything else is having fun..
Continuation triangle pointing towards another leg down unfortunately..
Hopium is a break to the upside. We need to break 73k and we should see a rally above. Right now I‘d lean towards 58-59k test (at least) first.
Looking at Gold and stocks, all of this price action doesn‘t make sense. TA wise it does, it simply is a bear market while everything else is having fun..
DiveInDefi
Photo
Wouldn‘t be surprised if we get one retest in the yellow circle and then dump slowly towards 58-59k