#BTC made with Weekly Closing just below the previous #ATH wick and moving with a low volume momentum. Looks like there's a indecision in the market and Daily TF kept on rejecting the support, so too much indecision going on. Price might gonna have a dip towards the support area before moving up.

#BTC Updated its New #ATH 📈

#BNB just normally flipped above the Resistance zone with a Daily TF closure. In H4 TF price Rejecting the zone as support and open the potential gates for moving up. The next major resistance zone to look at will be $662 - $676 but there're minor one at $570. Take the zone and accordingly with proper risk.

We've observed heavy short liquidation dominance during the rallies into ETF approvals. Despite market-neutral cash-and-carry traders favoring short positions, directional short-sellers are being liquidated at a higher rate than longs. Notably, during both ATH peaks in 2021, long traders dominated liquidation volumes due to forced closure of leveraged positions amidst intra-day volatility. The prevalence of directional short traders facing liquidation indicates a significant number of traders betting against the uptrend since October.

Big Boy Loaded Another Bag of #Bitcoin 🚀🚀

What Are NFT Royalties?

NFT royalties are a way for creators to earn a percentage of the sale value each time their NFT is sold on the secondary market. The percentage is set by the creator at the time of minting, usually around 5-10%, and is coded into the smart contract on the blockchain. The smart contract ensures that the terms of the NFT are fulfilled, and if the NFT is sold, a cut of the profits goes to the creator.

How Do NFT Royalties Work?

The creator defines the terms in the smart contract, which then enforces the royalties automatically whenever the NFT is sold in a secondary market. Thus, creators can continue to earn income from their creation even after it has been sold once.

For example, if an artist creates an NFT and sets a royalty percentage of 10%, and then sells the NFT for 1 ETH, they would receive 0.1 ETH (10% of the sale price) every time the NFT is subsequently sold. If the NFT is sold for 10 ETH in a secondary market, the artist would receive 1 ETH as a royalty.

NFT royalties are a key feature of many NFT marketplaces. However, not all NFTs have royalty features and not all marketplaces enforce NFT royalties.

Advantages of NFT Royalties

NFT royalties benefit creators and artists, who get a recurring income from their creations. They no longer have to worry about losing out on subsequent sales of their work and can even receive increasing returns as their popularity grows. Buyers also benefit, as they can verify the authenticity of what they are buying and resell the assets at an assured price.

How Are NFT Royalties Calculated?

NFT royalties are typically calculated as a percentage of the NFT's sales price. The percentage varies between 3% to 10% and remains the same for all subsequent sales, but the amount earned by the creator may differ depending on the sales price.

Why Are NFT Marketplaces Eliminating NFT Royalties?

Some NFT marketplaces have eliminated or limited NFT royalties. This shift in trend began in the Summer of 2022 when some marketplaces made royalties optional and introduced a "tipping" system. However, this change has created financial turmoil for many artists who rely on passive income from their work. While not all NFT marketplaces have eliminated royalties, some artists have boycotted exchanges that no longer support NFT royalties for their digital assets.

How to Ddd Royalties to NFTs?

To receive NFT royalties on their work, artists must codify the royalty structure in their original smart contracts. OpenSea has introduced a new royalty enforcement tool that makes NFT royalties enforceable on its blockchain.

NFTs and Copyright Laws

Copyright laws depend on the country where the creator of the NFT is located. In general, most countries have copyright laws protecting digital works such as music, images and videos. Additionally, some countries have enacted specific legislation to address digital copyright issues. However, the legal framework surrounding NFTs is still evolving, and it is important for creators to consult with legal professionals to ensure that their rights are protected.

Here's the Analysis of #MANA :

#MANA is been strong rejected off from the major resistance zone of $0.80 - $0.83 and moving inside the uptrend channel pattern too. Price is expected to tap into the nearest support zone before going any up around $0.69 - $0.71. You can try to accumulate some at the support and expect it break above the resistance zone.

#BTC Updated its #ATH and there no reference level form the resistance to stop it. The only thing we can expect is a retracement and a new higher high. Although, we should keep in mind that a healthy market needs a correction too, so weekly candle might deeply retrace to a reference level and that would be a buying opportunity.

#BNB perfectly moving up from the support zone, irrespective of the market movement and moved around 6% in favor. Keep the stops moving with the moved. Remember $562 - $571, is the minor resistance area.

A substantial growth in the the total short-side liquidations over the last 30-days, with over $465M in closed positions. The chart below highlights periods where short liquidations exceed those of longs, many of which align with powerful uptrends fuelled by short-squeezes.

What Is Flashbots?

Flashbots was launched as an independent research and development organization with an aim to lessen the adverse effects of the Maximal Extractable Value (MEV) extraction. At the same time, the organization works to avoid the existential risk MEV poses to a stateful blockchain such as Ethereum.

Flashbots aims to provide a platform for MEV transactions that is fair, transparent and permissionless. Flashbots comes with three main goals:

—> Making the MEV revenue public

—> Making the MEV activity transparent

—> Making the distribution of MEV revenue fair

MEV Crisis

The Maximal Extractable Value is the maximum value extracted from block production in Ethereum. MEV benefits not only the transactors but also the miners (or validators). With the recent increase in the usage of Ethereum, the MEV system’s mechanism issues have posed threats to network security. The increase in demand for DeFi caused Ethereum to be congested.
As a result, Ethereum introduced an independent centralized R&D organization, FlashBots, which takes the MEV transactions off the main public chain. Flashbots keep transactions private and increase network security. They connect mining pools and searchers directly with each other while keeping information secure, making them perfect for DeFi.

How Flashbots Work?

Searchers look through the whole network for MEV opportunities. As they come across one, they launch the transaction protocol for that opportunity and upload this to the Flashbot server instead of broadcasting it to the whole Ethereum chain.

Then the Flashbots server comes into play. The bot transfers the transaction details to network miners, and a private auction takes place where miners bid on the transaction to build a block on it. Miners are also allowed to include non-MEV transactions from the public network to these blocks.

Drawbacks

Flashbots is working to make the MEV public to execute its core goal of making the blockchain network transparent and permissionless. But the mechanism is not entirely transparent. The process of generating MEV is still a black box for users.

Furthermore, Flashbots is not the only solution to the MEV crisis. Several other networks have also launched their programs for the solution.

BTC touched $73,000 and dropped quick 📉📉

Here's the Analysis of #MINA :

#MINA is been rejected off from the Major Resistance zone of $1.63 - $1.67 and currently, tapped it into the support zone of $1.48 - $1.49 and a bounce is expected with a trendline confluence. Overall, market is falling and need to wait for the candle close for any sort of buys.

#BTC made its new #ATH and just wrecked down with that. Currently, price again backing up for breaking with previous High/ATH. Price is very very volatile and too aggressive, so just take the ride and accumulate the dips.

More than $300M+ Were liquidated in Past 24H due to flash dump

Notice of Removal of Spot Trading Pairs - 2024-03-15

https://www.binance.com/en/support/announcement/dd8b8a2c4d2f4616ae5b927b51d31730

#BTC.D UPDATE :

#BTC.D (#Bitcoin Dominance) is been still moving back and forth of the resistance zone and ranging too. The Altcoins made it Move due to #BTC rose very quickly and move rally yet to come. Price needs to sustain at any sort of level and Index should move lower which tend to start rally in alts. Also, its at a resistance so there's higher chances of dropping and alts can fly.

What is #Bitcoin Dominance?

#Bitcoin dominance is the share of #bitcoin in the crypto market’s overall value. It is calculated by dividing BTC’s market cap by the total cryptocurrency market cap.

Traders have used #Bitcoin dominance to help understand whether #altcoins are on an up or downtrend against bitcoin. For example, one popular theory is that the crypto market is heading into a bull market if #altcoins are trending up. In 2017, for instance, a significant decline in #Bitcoin dominance signaled altcoin prices skyrocketing (rather than #BTC price declining), coinciding with the entire market entering a #bull phase.

Important things to note that, standalone, these dominance charts will not helpful. Use thus with other confluences like, #Bitcoin major levels, Greed & Fear Index, Market Sentiment etc.