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@sifbb

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Analyzing Bitcoin’s price charts – Long-term confidence vs. short-term selling pressure. Bitcoin (BTC) is experiencing a downtrend, having lost the $92,000 support level in late February, with indicators like the OBV reflecting increased selling pressure. Analyst Darkfost noted a decline in apparent demand since December, with the demand ratio falling below zero by the month's end. Short-term holders, or STH whales, faced significant unrealized losses of $17.52 billion on March 11, contributing to market fear and suggesting potential further selling to mitigate losses. While short-term pressure remains high, medium to long-term holders display confidence through increased holding behavior, especially in older Bitcoin age bands. However, without easing short-term pressures, Bitcoin might drop below $80,000.
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Vitalik Buterin warns against political memecoins like TRUMP – Vitalik Buterin criticized the TRUMP memecoin, cautioning against politician-backed cryptocurrencies promoting covert bribery and political influence. His warning sparked debate and a 14% price drop in the coin within 24 hours. Buterin highlighted risks to democracy and transparency, suggesting such coins blur the lines between finance and politics. He emphasized politicians should avoid this path, as it poses threats to democratic principles. Some critics argue his stance may be influenced by factors beyond safeguarding democracy, speculating on potential jealousy towards Solana's success with meme coins. Buterin's past warnings against voting solely based on pro-crypto positions show his concern for oversimplifications in politics, stressing the need to consider broader implications for governance and democracy.
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