#GOLD UPDATE :

#GOLD failed to drop but instead moved to the upside attempted the break it All-time highs but due to last week fundamental news, its created a chaos and #GOLD dumped heavily. currently, price just moving back and forth of the resistance area and expected a drop again to $2360 areas if we get a rejection on Daily TF.

we measure the total liquidation volume during these deleveraging events. The chart below shows that the overall liquidation volume (both long and short) surged above the typical bull market baseline of $200M/day. This demonstrates the role of margin call liquidations in the open interest decline noted in the chart above.

What Is Simple Ledger Protocol (SLP) on Bitcoin Cash?

Simple Ledger Protocol (SLP) is a token system that works on top of Bitcoin Cash. It allows users to create their own tokens to represent anything they can dream of - coupon codes, loyalty points, concert tickets, and more. SLP tokens can be sent and received just like regular BCH, and they can even be spent at places that accept them.

How Does SLP Work?

SLP tokens are created by attaching little bits of information to Bitcoin Cash transactions using something called OP_RETURN. This information allows wallets to keep track of tokens and verify that they are legitimate. SLP tokens benefit from the security of the Bitcoin Cash blockchain, which makes them more secure than other token systems that require their own blockchain.

What Can I Use SLP Tokens for?

SLP tokens can be used for all kinds of creative things. Some examples include:

Loyalty points to reward your best customers

Money in an online game world

Custom tickets for your band's next show

Wallets like Badger make it easy to manage your tokens. As more people start using SLP, we're sure to see more new ideas sprouting up.

Which Wallets Support SLP Tokens?

Most wallets built for Bitcoin Cash now support SLP tokens in some form. Popular choices include Badger, Electron Cash SLP edition and Bitcoin.com wallet. Each one works a little differently, so do some research to find one that suits your needs.

How Do I Create My Own Custom Tokens?

Creating SLP tokens requires some technical knowledge and expertise, but it's easier than some other token systems. Here are the basic steps:

-> Come up with a name and symbol for your token.

-> Generate a new token ID to identify it.

-> Decide how many tokens you want to make.

Mint your tokens and send them out into the world using your wallet.

What Information Is Stored in SLP Tokens?

When you make an SLP token, information like the name, number of decimals and other details get baked right in. This helps wallets know the token is legit and figure out just what it is. The SLP rules say this data has to be formatted a certain way or it won't work right. Having it standardized makes the system run smoother.

Are SLP Tokens Safe from Theft and Such?

While SLP tokens benefit from the security of the Bitcoin Cash blockchain, they are not as secure as Bitcoin Cash itself because they are not the primary focus of the network's security. Developers keep working to improve security, but caution is wise when dealing with new technology like this. As with anything valuable, be smart and protect your tokens.

Here's the Analysis of #AI :

#AI is been retest and dropped hard like nothing and still going lower. Price barely have any reference to the left and approaching towards the listing price. So better look for different opportunity.

#BTC Finally gave a break of the resistance area and gave a healthy closing in Daily TF. Now, in H4 TF price looking for a retracement and expected to continue moving higher.

#AXS entered the support zone and still trading inside the pattern, you can have an early anticipation in the market and have the buys here with a good stops.

Market turmoil can cause deleveraging in both directions. We focus on bull market corrections, categorizing liquidations as:

🟢 Long-Dominant: >50% long positions liquidated
🔴 Short-Dominant: >50% short positions liquidated

Recent $55k sell-off showed a long liquidation pivot point. Over-leveraged longs were liquidated, sharply reducing open interest on top perpetual futures exchanges

Here's the Analysis of #AAVE :

#AAVE is been had a fakeout of the Strong Resistance Area of $112 - $113 and Dropped hard towards the support zone of $78 - $80. Price stuck in between of the zone and can have a range trading here.

#BITCOIN DAILY TF UPDATE :

#BITCOIN on Daily TF, had a very what is the time moment and made a back and forth move within the zone. right now price holding above the support and on a retest now. By next week we can expect some upmove.

#DODO made a break below of the support zone as well as expected and now back to the zone as retest. Looking a Daily Candle Close

Using 7-day average funding rates from top exchanges to spot pivot points:

- Rates above 0.01% per 8 hours indicate high demand for long positions
- Since March 2024 ATH, long position demand decreased
- May rally briefly positive, then neutral to negative
- Recent $54k rally example of over-leveraged long liquidations
- Current below-neutral rates suggest no rush for new longs since July low

Here's the Analysis of #JTO :

#JTO is been broke the large channel pattern and made a flip to the upside of that flip area around $$2.56. Currently, price is again falling back to the zone and will act as support but it will be risky to get into it.

#BITCOIN WEEKLY TF UPDATE :

#BITCOIN on Weekly TF, perfectly rejected from the draw area (Potential Area) lower and we can see a very strong rejection from here. Price again back towards the resistance and also faking sell-offs. Now, its time to look for a closing in weekly and then anticipate the next move in the market.

The recent price surge has also been a welcome relief for Bitcoin Short-Term Holders (STHs), a proxy for new demand and recent buyers. This cohort saw over 90% of their supply fall into a loss in late July, putting them into a financially stressful position.

This rally has now broken back above the STH cost basis and returned 75% of their held supply to an unrealized profit. This can be seen within the STH-MVRV metric, which has now recovered above the break-even level of 1.0.