Mohaddis Hussain

@mughalking

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2 Followers

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Mohaddis Hussain

Market corrections often push new investors to sell at a loss, especially those sensitive to volatility. MVRV and SOPR indicators reveal these investors are underwater and stressed, hinting at a crucial moment for Bitcoin's short-term holders. This could mark a pivotal shift in market sentiment.

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Mohaddis Hussain

#Bitcoin's March rally has stumbled; prices are diving faster than new investments are flowing in. As capital trickles in, prices are on a sharper decline. Crypto enthusiasts might keep HODLing, but the market's charting new, uncertain paths.

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Mohaddis Hussain

#Bitcoin whales are making waves, snapping up chunks in the $54K-$68K zone. Both newcomers and veterans are beefing up their stakes, hinting at a looming major price surge, possibly upward, over the coming months. This whale activity signals soaring confidence in Bitcoin's future performance.

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Mohaddis Hussain

Decentralized prediction markets are taking the crypto world by storm, with skyrocketing Total Value Locked (TVL) figures signaling a goldmine of opportunities for savvy investors. As these markets expand, they unlock the door to capitalize on the surging interest and untapped potential of decentralized finance.

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Mohaddis Hussain

Net Realized Profit and Loss (NRPL) reveals the USD-based ups and downs of the market. Positive numbers signal profit-taking, while negative ones highlight losses. The $4 billion profit mark, depicted by the red line, aligns with several NRPL peaks, pinpointing key moments of frenzied market action when participants cash in on substantial gains.

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Mohaddis Hussain

Sui Network's TVL is on the upswing as native Circle USDC launches today. All signs point to explosive growth within the SUI ecosystem. From soaring TVL to surging trading volumes, SUI is outpacing other blockchains. Plus, SUI's memecoins are catching fire. Overlooking $SUI now? That's like overlooking $SOL in 2021!

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Mohaddis Hussain

U.S. spot ETFs hold 4.6% of Bitcoin's supply ($58B), driven by increased institutional demand, including Grayscale's Bitcoin Mini Trust. This trend shows the rising influence of institutional players seeking regulated #Bitcoin exposure, highlighting the growing role of these entities in the cryptocurrency market.

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Mohaddis Hussain

Over the past 30 days, Bitcoin miners have eased off the selling pedal, breaking a nearly year-long trend and signaling a potential upswing in market momentum. This shift hints at growing miner confidence in Bitcoin's price stability and future growth.

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Mohaddis Hussain

Let’s dive into the Bitcoin Long/Short Ratio and how it impacts price movements: •Long/Short Ratio Explained: It shows the balance between long and short positions held by investors. A high Long ratio reflects bullish sentiment, while a high Short ratio suggests bearish expectations. •Chart Analysis: •Red Boxes: These periods highlight excessive Long positions, where over-optimism led to price corrections. •Green Boxes: Marking high Short positions, which typically triggered price recoveries. By analyzing extreme investor behavior, we can spot potential market turning points. However, this ratio should always be used alongside other indicators for better accuracy.

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Mohaddis Hussain

Short-term #Bitcoin holder alerts: Key support levels at $64.4K (under a week), $61.7K (under a month), and $62.7K (overall). Prices above $61.7K signal bullish trends; below means bearish. Keep an eye on these levels for market shifts.

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Mohaddis Hussain

DeFi continues to lead in Ethereum gas fees, showcasing the power of smart contracts in finance. CoinShares data highlights a decline in gas fees post-2018, with growth driven by DeFi and DEXs since 2021. DeFi remains the top contributor to #Ethereum network fees.

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Mohaddis Hussain

Ohio State Senator Niraj Antani has proposed a bill to allow Bitcoin for tax payments, potentially making Ohio the second state to do so after Colorado who implemented this in 2022! 💸🧾

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Mohaddis Hussain

Bitcoin is leaving exchanges, hinting at less selling pressure as holders move their $BTC off platforms. This shift signals growing investor confidence and could point to a bullish outlook for long-term price stability.

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Mohaddis Hussain

Core blockchain, a Bitcoin Layer 2 solution, skyrocketed its Total Value Locked (TVL) to $440 million in 2024, up from nearly zero earlier this year. Surpassing Rootstock and Bitlayer, this surge underscores the booming demand for scalable, cost-effective Bitcoin transactions without sacrificing security.

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Mohaddis Hussain

Long-term Bitcoin holders are holding tight, signaling a dip in selling pressure. Binary CDD reveals when holders move $BTC beyond the norm, often for cashing out or miner surrender—both indicators of potential market shifts. Right now, the selling pressure is easing.

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Mohaddis Hussain

BTC’s inverse head and shoulders pattern against SPX has been forming for over 2.5 years. The right shoulder is developing now, indicating no proper BTC bull run in 3.5 years. BTC returns vs. SPX have remained unchanged since October 2021. I expect a breakout from this pattern in Q4 2024, potentially starting a real bull run against legacy markets. Big things are brewing! 🚀

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Mohaddis Hussain

Two months in, U.S. spot Ethereum ETFs have accumulated $13 billion in volume across nine funds. While #Bitcoin ETFs initially outpaced them, #Ethereum's daily trading has remained steady at $100-250 million. Grayscale’s ETHE leads with a 40% market share. Although prices haven't surged, the regulatory progress is noteworthy.

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Mohaddis Hussain

Digital asset investment products saw $321 million in net inflows for the second week in a row, according to CoinShares, spurred by the FOMC’s 50 bps rate cut. #Bitcoin dominated with $284 million in inflows, but #Ethereum wasn’t as lucky, marking its fifth consecutive week of outflows with a loss of $28.5 million.

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Mohaddis Hussain

3. DXY Weekly Chart: Meanwhile, the Dollar Index ($DXY) is looking weak, currently trading below key moving averages. Price is near an Order Block at 100.00, but a deeper drop to 98.00 could be next 📉.

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Mohaddis Hussain

$ETH gas prices have hit their lowest since early 2020, possibly signaling a more efficient network or a dip in on-chain activity. While lower fees are a win for users, they might also hint at waning demand for Ethereum's decentralized services.

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