Have you ever wondered why Bitcoin can drop sharply even when the market is full of good news? It's not because of bad news, but due to stress pressure in the market. The ELR (Estimated Leverage Ratio) is a measure of this pressure.
ELR is calculated by Open Interest divided by Exchange Reserves, telling us the leverage ratio being used compared to the actual number of coins on the exchange. A low ELR allows the market to grow from Spot buying, stabilizing and making it hard to collapse. Conversely, a high ELR causes the market to be dominated by Futures contracts, which is dangerous as it creates a chain of collapses.
When the ELR peaks, the market is like a pumped balloon; a small amount of Spot selling can trigger a chain collapse. This causes prices to drop sharply and creates selling pressure, leading to further declines. Therefore, when ELR is high, avoid FOMO Long and wait for ELR to decrease again to be safe. Be cautious of sudden collapses in the market, and always maintain reasonable risk management when investing.
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The price of $OM is currently at 0.0768, up 17.8% in the last 24 hours. The change in the last minute is +0.6%, with 129.7K USDT traded during that time. The sell amount accounts for 51% of total transactions, reaching 66.8K USDT.
The trading volume in 24 hours is 8.8 million USDT. There are currently 7 notifications appearing in this hour on Binance.
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$AVNT is currently trading at a price of 0.2650 USDT, up 6.3% in the last 24 hours. In the last minute, the price increased by an additional 1.2%. A total of 33.3K USDT has been traded in 1 minute, of which 23.7K USDT accounts for 71% of buy orders. The trading volume in 24 hours is 3.1M USDT. The current warning rating for $AVNT is 5 stars on Binance.
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$USTC has recorded a strong price increase in the past 24 hours, with a notable rise of 6.6%. In the last 15 minutes, $USTC continued to increase by an additional 3.5%, with trading volume reaching 93.5K USDT. The buy volume accounts for 74% of total transactions, indicating significant interest from investors. The trading volume in 24 hours has reached 4.8M USDT. Notably, there is 1 important announcement made at this time. This is crucial data that helps investors gain a better understanding of the trend and growth potential of $USTC on the Binance exchange.
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When participating in Futures trading, it's not only important to consider the entry price and leverage but also to assess the type of collateral to ensure safety during a crash. Derivative products are divided into two main types: Collateralized by USDT and Collateralized by Coin.
Collateralized by USDT is the modern standard, allowing you to Long or Short BTC without being affected by Bitcoin price volatility. Each USDT in the margin wallet always ensures it's worth 1 dollar, making risk calculation straightforward.
In contrast, Coin-Margined typically presents greater risks for traders. When using BTC to Long BTC, you may face situations where the Long position turns negative and the value of the collateralized BTC decreases if the Bitcoin price suddenly drops.
Using Coin-Margined should only apply when you wish to Short BTC to protect long-term investments, while USDT-M is suitable for short-term speculative strategies. It's crucial not to be greedy by using Coin-Margined in an uptrend, as profits can quickly turn into losses.
Carefully consider before choosing the type of collateral that fits your trading strategy. Always remember that understanding and assessing risk is a key factor that helps you avoid unnecessary losses when participating in the derivatives market.
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The price of $USTC is currently at 0.00749, up 14.5% in the last 24 hours. In the last 15 minutes, the price has increased by an additional 2.0%. The trading volume in 15 minutes reached 118.1K USDT, most of which is sell orders at 60.1K USDT (51%). The trading volume in 24 hours is 5.9M USDT. The current risk rating for $USTC is 3 stars. This information is from Binance.
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Bitcoin is undergoing an important correction cycle, with three drops of more than 30%. This is quite unusual for a developing asset but not strange in the history of cryptocurrencies. Experienced investors see the latest drop as an opportunity to enter long positions, believing that prices will recover and continue to grow. It seems that such a deep drop is designed to clean up the market, eliminating over-leveraged positions and weak players. For traders who have been through this, buying at the current low prices is seen as an ideal entry point for long-term positions, relying on the repetition of market cycles.
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$FORM is undergoing a quite healthy adjustment phase after the recent strong increase; however, the main trend remains positive.
On the H1 chart, a strong surge from 0.295 to 0.455 can be observed, and the price is currently recovering to the EMA7-EMA25 zone around 0.42-0.40. The higher high - higher low structure is still maintained, with no signs of a breakout.
It is suggested to buy in the range of 0.405 - 0.420 with profit targets (TP) of 0.455, 0.485, and 0.520 respectively. At the same time, set a Stop Loss at 0.385 to protect profits.
Priority is given to buying according to the buy-the-dip strategy following the uptrend, only to be canceled if the price closes H1 candles below 0.385, which would disrupt the higher low structure.
Please monitor the $FORM transaction on Binance for detailed updates.
#FORM #Positive #Recovery
FORMUSDT Current price: 0.424 Increase +34.86% from the peak.
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The Fed bought $6.8 billion in T-bills and pumped $16.8 billion into the economy yesterday. In the market, $BTC is trading as if QT has started back. This could be a notable opportunity for investors. Keep an eye on the Bitcoin chart to make informed decisions. $BTCUSDT is currently at 87,101.9 with an increase of 1.71%.
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$ASTER ASTER: Whale Sells 3 Million ASTER Tokens, Accepts Loss of $667,000
On December 17th, a whale with code 0x7771 made waves by selling 3 million ASTER tokens at an average price of $0.78/token, totaling $2.33 million. Notably, these tokens were only purchased two weeks ago.
The decision to sell by this whale has led them to accept a significant loss of up to $667,000, equivalent to a decrease of -22% compared to the initial capital. This action indicates that risk management is prioritized, or they might have found a better opportunity to invest their capital.
The question arises whether you follow the stop-loss principle like this whale, or do you often choose to hold tokens in hopes of a price recovery?
Please note that the information above is for reference only and should not be considered investment advice. Please consider carefully before making any investment decisions.
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💥 Currently, the price of $bitcoin is fluctuating between 86.6-88.2. This is a time when everyone can refer to and assess the situation before the US market reopens.
💥 There is a possibility that today the price will recover, but tomorrow there may be a significant decrease again.
💥 Analysis of the W chart shows unfavorable signals, and the H4 chart is also unclear about the trend.
💥 Current technical indicators are all at average levels, indicating that the market is in an unclear phase.
👉 Therefore, it is best to wait until tonight. Those who want to assess the short-term situation can refer to more! $BTC $ETH $SOL
SOL 127.64 +0.85% ETH 2,936.45 +0.16% BTC 86,706.81 +0.57%
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Since its launch nearly two months ago, Aster DEX has been continuously evolving to enhance trading performance.
In the latest announcement, Aster DEX introduced the Protection Mode for perpetual traders.
On December 15, Aster DEX launched the new Protection Mode for perpetual trades with leverage up to 1001x. This mode will have no slippage and no gas fees, all done through a single interface. This is a first step in providing security features under Aster Chain.
Although the Protection Mode is activated, Aster investors still face difficulties. One Aster whale sold 13.44 million tokens for $11.67 million after just six days, causing losses of over $35.8 million.
The market has reflected a lack of confidence as ASTER recorded losing trades. Indicators show strong selling pressure, resulting in price declines. Currently, ASTER is trading at $0.815, with prospects of dropping to $0.76 or even $0.70 if selling pressure continues.
With the current market indicators, ASTER may face challenges and opportunities in the near future.
$ASTER
ASTERUSDT Perpetual 0.7689 -7.73%
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$SOL has strong recovery potential at the current price.
• Opening order: Should buy when the price fluctuates between 125-127 dollars (if there is strong support, along with a reversal candle pattern such as hammer/candlestick pinbar and increased buying volume).
• Profit target 1: 130-132 dollars (near the resistance point).
• Profit target 2: 138 dollars (competing with the old peak).
• Stop loss: Below 122 dollars (activate stop loss when the price breaks support).
• Reason: Old demand area, potential for short-term recovery if Bitcoin remains stable.
The SOLUSDT coin is currently trading at 127.81 dollars, up 0.66%. This is a notable opportunity for investors interested in investing in $SOL.
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CZ (Changpeng Zhao) - the founder of Binance and a significant influencer in the industry.
"If you've ever been envious of those who bought crypto at low prices and held through every cycle, think about what they did to be in their current position."
Don't miss out on smart investment opportunities like they did!
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Today, there is a TGE event from Alpha, and $BNB is likely to increase slightly. This is a good opportunity to participate before the event ends and the chance to earn profits. Be prepared and consider joining!
#TrendingTopic
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Bitcoin (BTC) is facing prolonged selling pressure amid analysts debating the market situation. The current price level may just be a bottom or a sign of further decline. Bitcoin has dropped 31% from its all-time high, and technical indicators show a state of "extreme fear".
PlanB, the creator of the Stock-to-Flow model, assesses that the current market is clearly divided into two parts: sellers and buyers. He points out that 50% of the sales are from holders since 2021, while the remaining 50% includes buyers focused on fundamental factors.
Joe Consorti, a cryptocurrency entrepreneur, predicts that Bitcoin could continue to decline or form a bottom. He emphasizes that forming a bottom takes time. Bitcoin approached $88,000 but then fell to $87,500 with insufficient buying pressure.
Analysts continue to monitor Bitcoin's developments to make predictions about future price prospects.
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Although the ETH price is still decreasing according to the daily chart, there are signs of a bottom forming on the 4-hour time frame. The 1-hour time frame is accumulating, while momentum is starting to return. Entry signals will be confirmed when the RSI index on the 15-minute chart surpasses 50, indicating a potential bounce in the 4-hour period.
Investment strategy:
• Buy point: 2940 - 2955
• Profit target TP1: 2992
• Profit target TP2: 3007
• Profit target TP3: 3037
• Stop loss SL: 2903
👉 Seize the early price increase opportunity and cut losses quickly.
Please click the link above to start trading immediately.
ETHUSDT Current price: $2,935.6 Increase 0.43%
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