I marked on the chart 🟠 potential points of market overheating (when the MVRV value is significantly above average), there is currently strong downward pressure on the market, but ETF FOMO is interfering with the price correction.

This is what the downward pressure through ...

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📈Market Overview - Bitcoin price trades below $42K. The top-10 cryptos are traded in red zone:

Avalanche -4.83%
Ethereum -1.07%
Solana +2.84%

Market capitalization: $1.72T (-0.94%)
The BTC dominance: 47.69% (-0.14%)
Fear & Greed Index: 68 (Greed)

#Bitcoin #MarketCapitaliz...

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#AXS, from #AxieInfinity, increased more than 30% in December. So far in December, the AXS token has increased by more than 30%, exceeding $9 per unit.

The security budget is the amount miners earn for securing the network. When this value is high, 51% attacks are expensive and vice versa.

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Bitcoin Spot ETF’s likely approval by the SEC could promote inflow of over $100 million to the securities product in the short term.

Director of Digital Assets Strategy at VanEck says people tend to overestimate the initial impact of Spot Bitcoin ETFs.

Bloomberg ETF analys...

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#Ethereum supply on exchanges hit an all-time low, 8.04% of the asset’s total supply is in exchange wallets.

#ETH price gears up for a recovery alongside rise in active addresses on the Ethereum chain.

ETH price sustains above psychological barrier at $2,000, despite cons...

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There are billions in short positions laying around the $44,000 level.

I think a big #Bitcoin Short squeeze is coming...

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#Uniswap #UNI is witnessing a tough battle between the bulls and bears near the overhead resistance at $7.79.

The ascending moving averages and the RSI near 66 suggest that the path of least resistance is up. If buyers clear the hurdle at $7.79, the UNI/USDT pair could gain ...

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#NearProtocol (#NEAR) is trying to find support between the 38.2% Fibonacci retracement level of $3.64 and the 50% retracement level of $3.34.

The gradually upsloping 20-day EMA ($3.30) and the RSI in the positive zone indicate that buyers have a slight edge. The bulls will ...

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#Optimism (#OP) has been consolidating in an uptrend for the past few days, indicating that the bulls are not rushing to the exit as they anticipate another leg higher.

The upsloping 20-day EMA ($3.07) and the RSI in the positive territory show that bulls are in command. Buy...

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#Injective’s (#INJ) pullback took support at the 20-day EMA ($34.73) on Dec. 30, indicating that the sentiment remains positive and traders are buying the dips.

The bounce off the 20-day EMA is likely to face resistance at $40, but if bulls overcome this barrier, the INJ/USD...

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#SafePal (#SFP) maintains a bullish structure. Check here for only $1 https://social.wubits.io/wubits/home/6593081026bf8a38eeadc19c

#AxieInfinity (#AXS) jumped nearly 77% from its December low, now retracing to test possible support near $8.7833.

The upper half of December 24th's bullish daily gap reaches from $8.7833 to $8.2487. This zone could offer support if the current bullish move is about to resu...

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Let's start the year with the Realized P/L Index metric, when the 🔵 Index is above ⚫️ Level 4 - it will be an early signal for the end of the cycle. When the metric drops to level 10, we can expect the correction during the bull run to end.

#RealizedPLIndex #EarlySignal #Cy...

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#Bitcoin price spike above $45,800 caused over $73 million in short liquidations.

The bitcoin price briefly spiked above $45,800 in the past 24 hours. Short positions were impacted, with over $73 million in bitcoin shorts liquidated.

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#Bitcoin rallies above $45,000 as investors anticipate potential #ETF approval 🚀.

Orbit Chain working with law enforcement to track and freeze stolen assets 🔒.

Vitalik Buterin’s #Ethereum roadmap for 2024 focuses on six key components 🗺️.

#FTX founder Sam Bankman-Fried ...

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#Bitcoin Open Interest Recovers Large Capital

When this report was written, Bitcoin was worth approximately $45k and its open interest exceeded $21 billion.

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Bitcoin spot ETF approvals becoming a sell-the-news event is the most likely scenario this month, according to K33 Research analyst Vetle Lunde.

Lunde suggests a 75% likelihood of this outcome versus 20% for approval inflows propelling prices higher and a 5% probability that...

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The chart below visualizes the change in profit percentage supply over each calendar year since 2015. While the delimitation by year is not perfect, the classic four-year Bitcoin cycle allows us to identify some interesting patterns:

🟠 Bear Floor/Recovery sees biggest incre...

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As of May 2023, the 🔵 address activity index has turned negative and is currently at its lowest point in the past year.

This creates a severe shortage of coins in the market ahead of the SEC's ETF decision.

Since September 2023, the CDD has been increasing. A large number ...

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A year in review for #Bitcoin

It's remarkable how pessimistic everyone was until October.

Now we are starting to see a glimmer of distribution which is the perfect fear just before the ETF.

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