#BTC didn't have retest and again attempting to move higher towards the $70,000 mark. By the next week we can expect either a minor retracement then a rally up or a straight into the Next Major Level at $70,000.

We can gauge the reaction intensity of Short-Term Holders by comparing their cost basis to that of all new investors. This difference reveals their collective confidence, especially when normalized by the spot price. It highlights periods when new investors overreact to extreme profit or loss conditions.

In recent months, new investors (those who acquired coins in the last 155 days) have shown greater confidence compared to previous bearish trends. The losses they've locked in are relatively low compared to their cost basis, indicating stronger market belief.

What are synthetic assets?

Synthetic assets are essentially tokenized derivatives. In the traditional financial world, derivatives are representations of stocks or bonds that a trader does not own but wants to buy or sell. In essence, if you want to profit from the price fluctuations of a stock that you don’t own, you can do this through a derivative. Synthetic assets, or tokenized derivatives, take this process one step further by adding the record for the derivative on the blockchain and essentially creating a cryptocurrency token for it.

In essence, synthetic assets create a blockchain record for the relationship between the underlying asset and the purchaser. Derivatives are becoming increasingly popular in the cryptocurrency world as they allow investors to bank on the fluctuations of various tokens without having to own any of these tokens in their wallets. In this sense, synthetic assets also gain traction with DeFi enthusiasts because they bring a tool available to traditional traders into the crypto world.

Synthetic assets essentially allow investors to tokenize and trade with anything. Using a derivative to tie the value to an already existing asset and then create a token for this derivative, investors can easily trade anything on the blockchain. One of the main reasons why synthetic assets are becoming a preferred method of investing is because of the added security and traceability. While traditionally trading happens on centralized exchanges, with synthetic assets, all trades happen on the blockchain. This guarantees traders both their anonymity, if they wish to remain unnamed, and their security, as all transactions are recorded in the distributed ledger.

With the rise of interest towards synthetic assets, more and more DeFi solutions enter the market. New synthetic asset exchanges are emerging on various blockchains to allow traders maximum flexibility and cheaper gas fees. Synthetix is probably the biggest and most popular synthetic asset exchange. As one of the first exchanges worldwide to be specifically created for trading tokenized derivatives, Synthetix is a leader in this niche market. Cream Finance and MakerDAO are two popular alternatives to Synthetix.

Here's the Analysis of #FTM :

#FTM is now kept on getting its sell-off from the resistance area of $0.71 - $0.76. Price looks truly bullish and a flip of the resistance is required to take the buys towards the $1.03.

#BITCOIN DAILY TF UPDATE :

#BITCOIN on Daily TF, Now trying to have a strong reversal from the support zone which reacted too. Price also broke the long trendline, and you can expected some sort of retracement before moving up, as it will indicate the healthy leg up.

#ARKM invalidated the pattern but took the support which tends in breaking the resistance area of $1.69 - $1.75 and price started consolidating over it. Also, price building a Head & Shoulder Pattern which is a reversal pattern but due to bullishness in price, is expected to move higher.

The cost of long-side leverage in the Bitcoin market has dropped dramatically from $120M per month during the March peak to just $10.8M now, after hitting a low of $1.7M in mid-September. While there's been a slight uptick in leveraged long positions recently, it's still far below January 2023 levels. This sharp decline indicates a significant cooling in the market during the current correction, suggesting reduced speculative interest among traders.

What Is a T-Address (Zcash)?

Zcash (ZEC) is one of the cryptocurrencies that are focused on providing their users with a way to remain fully anonymous when transacting on the blockchain via, among other things, the use of zero-knowledge proofs. Another prominent example of a similarly fully anonymous cryptocurrency is Monero (XMR).

By default, all transactions on a public blockchain, such as that of Bitcoin (BTC) or Ethereum (ETH), are fully transparent. While there are no names directly attached to the addresses, everyone can plainly see both the sending and the receiving addresses and the precise amount sent for every single transaction on the network. The emergence of the field of blockchain forensics in recent years takes advantage of this fact, as it has allowed for much easier identification and association of real people with the cryptocurrency transactions they make.

As a result of this degradation of privacy, several cryptocurrencies have emerged that make extensive use of cryptographic technologies to allow for increasingly anonymous transactions without the need to decrease the transparency of blockchains by turning them private.

Zcash is one such cryptocurrency that, in particular, takes advantage of the zero-knowledge proof (ZKP) technology, which allows one party to confirm that an event (such as a blockchain transaction) has indeed taken place, without the need to reveal any other information whatsoever.

While greatly beneficial in some contexts, fully anonymous transactions are not always desirable. Because of that, Zcash uses two different but fully interoperable types of addresses: z-addresses (private) and t-addresses (transparent).

When a user wants to send a transparent transaction – for example, for the purposes of auditing or legal compliance – they use the t-address, which will make the transaction look just like it was made on a fully public blockchain. This is opposed to z-addresses, which are fully anonymous: the only publicly known fact about the transactions between them is that they have occurred, while the sending and receiving addresses and the amounts sent remain secret.

Here's the Analysis of #IO :

#IO is been hovering over the good support zone (grey box) of $1.62 - $1.70 and forming a Head & Shoulder Pattern which could lead the price down and move higher towards the major resistance area of $2.24 - $2.38.

#BITCOIN WEEKLY TF UPDATE :

#BITCOIN on Weekly TF, might have a strong bullish closing over the weekly resistance zone and entered the next resistance. Price kinda rejecting that area, but over all momentum is strongly up, so we can expect strong move higher towards $70,000 with NY Open.

#DXY UPDATE :

#DXY continues to play up and we saw the impact on the market. #BTC prices gone though the roller-coaster this week and nearly reached the resistance area. We can have a good rally if it tap into the resistance at 104.00% - 104.16% and drop.

Comparing Bitcoin's price performance from cycle lows reveals a striking similarity across different market conditions. The 2015-16 🔵, 2019-20 🟢, and 2023-24 ⚫️ recovery periods have followed remarkably similar paths. While the reasons behind this pattern are often debated, it provides analysts with an intriguing framework to consider cycle structure and duration. This recurring pattern, despite vastly different market environments, continues to be a focal point for understanding Bitcoin's long-term behavior and potential future trends.

Stay tuned for a TA/FA based SPOT & FUTURES call at 4PM GMT today!

Exchange: Binance & MEXC

#ARPA/USDT is surging from the demand zone and looks ready for a monster ride anytime from here✍🏻

Buy on MEXC: https://www.mexc.com/exchange/ARPA_USDT

Buy on Binance: https://www.binance.com/en/trade/ARPA_USDT

Short term targets: 10%-30%-50%

Buying #ARPA here✌️🚀

RSI looks oversold on higher timeframe

Lying on historical weekly support

Looks ready for a takeoff anytime

Targets: $0.05-0.055-0.065-0.08

#ARPA/USDT BUY/LONG CALL

Lying above strong support. RSI is showing a bullish divergence. EMA'S are acting as solid support. Stochastic is giving a buying signal. Expecting a big upward move from here.

Targets: $0.04825 - 0.06365 - 0.08830 - 0.12630

Stop if 2D closes below $0.03075