Here's the Analysis of #ENA :

#ENA nearly to its listing price and forming channel pattern, which is a bearish continuation. The breakout might push the price lower towards it very initial listing. So eyes on breakout and try to risk lower.

#BTC maintained the last resort and made a strong rejection from the support area. Price again above the strong support zone, and H4 shifted the direction. Market looks bullish, so we can expected a new Higher High soon next week.

#FTM broke the flag, retested it and dropped good and out previous trade also performed well. Trade moved around 12-13% in favor. It time to book some. Price can form a double bottom formation and might continue to move up.

Zooming into Short-Term Holder losses specifically, we can see a total realized loss of ~ $595m was locked in by this cohort this week. This is the largest loss taking event since the 2022 cycle low.

Furthermore, only 52 out of 5655 trading days (< 1%) have recorded a larger daily loss value, highlighting the severity of this correction in dollar terms.

What Is a Simple Agreement for Future Token (SAFT)?

A SAFT is an investment contract that guarantees an eventual transfer of ownership of crypto tokens from developers to investors. Through the use of the SAFT, which is regulated financial security, finances can be arranged before the token’s launch while giving future ownership rights to SAFT holders. Included within the contract is the precise contribution of the investor, as well as the amount of discounted tokens that would be made available to them. In addition, the contract would also explicitly state the future date upon which the transfer of cryptocurrencies will be executed.

SAFTs are often mistaken for initial coin offerings (ICOs), which is a more mainstream form of token financing. However, unlike ICOs, SAFTs are directed primarily to accredited investors instead of public users on a launchpad. As a result of this setup, the general public is restricted from having access to the security, and SAFT holders would need to meet specific criteria in terms of income, experience, net worth, etc. This points toward the exclusivity that is intrinsic to these agreements and how they essentially guarantee ownership rights to their holders. This setup allows financial institutions such as investment banks or hedge funds to participate in token financing without having to worry about regulatory concerns. On the other hand, cryptocurrency developers, through SAFTs, have the benefit of accessing financing mechanisms that are linked to mainstream financial channels. The way SAFT is structured, it could ideally be implemented to jumpstart development on a cryptocurrency before its ICO is initiated after it is shown to have potential.

Similarly, SAFTs hold core distinctions to cryptocurrencies themselves because they are regulated. Tokens are technically not classified as securities, given that their existence on the blockchain overrides governmental jurisdiction. SAFTs are entirely in compliance with the regulatory and legal framework of the particular jurisdiction, as it is a security tradeable within the mainstream financial system. With its unique characteristics, SAFT bridges the world of blockchain to that of mainstream financial institutions and thus occupies a unique space in the broader dimension of tokenomics.

However, it is important to point out that SAFT is a conventional contractual agreement and, therefore, not a blockchain-embedded smart contract. As a result, it does not hold the core characteristics of self-execution or immutability. However, despite these gaps, SAFTs can be enforced in a court of law, given that it falls within legal and regulatory jurisdiction.

#ETH just rejected strongly, and made a drop lower below the support. Currently, price retesting the area as resistance as this dump was due to Grayscale sold off the #ETH. Nothing looks good here, wait for the Daily candle closure over the zone or a rejection.

#BITCOIN DAILY TF UPDATE :

#BITCOIN on Daily TF, maintained its bullish market structure and again attempting to made a Higher High. Price already facing the structural resistance. So keep an eye on closing, and wait for Monday Market Open.

#MATIC barely moved anywhere apart and played around the resistance area Back and Forth. Price still below the resistance showing weakness, so any open position should be close and wait for the confirmation.

When STH losses are calculated as a percentage of total invested wealth (divided by STH Realized Cap), the picture changes. Relative losses for this group are typical compared to previous bull market corrections. The chart highlights periods where both percent of STH Supply in Loss and magnitude of losses exceed 1 standard deviation from the mean.

Here's the Analysis of #RENDER :

#RENDER recently got its listing in Binance and nothing much for the analysis. Price moving within a consoldiation range and within the listing price too. Nothing can be done here. A retest can be done here, to the bottom until wait for the clear breakout.

I will stop U.S. government selling seized Bitcoin ~ Doland Trump

Market Facing Strong Volatility 💹

#BITCOIN WEEKLY TF UPDATE :

#BITCOIN on Weekly TF, close above the zone and made a deep retest and rejecting it strongly. Price need to close above and with that, its will a good rejection.

#DXY UPDATE :

#DXY broke and retest the zone as support but didn't moved either side. Market did played with the sentiment as moved back & forth with the key level. Next weekend will decide the market movement.

Recent loss-taking events account for less than 36% of total Bitcoin network capital flows, compared to over 60% during major capitulations like Sep 2019, March 2020, and May 2021. This suggests similarity to Q1-2021 topping formation rather than severe capitulation. Demand must increase to prevent further deterioration of investor profitability