#US30 UPDATE :

#US30 strongly dropped lower and but rejected from the last level of support and on resistance now. Market did a recovery and rejecting both ends of the level. H4 TF looks like a minor drop can come to the market and break the 42,600 area.

The market shows classic bear phase indicators: tight liquidity, negative sentiment, and increasing investor losses. Fear now dominates market psychology. As of March 30, 4.7 million BTC were held below purchase price - significant but not at previous bear market extremes. Measuring these loss metrics helps determine if we're in deep despair, approaching seller exhaustion, or facing further downside before a potential bottom forms.

Another Bag Bought by Micheal

What Is a Zero Knowledge Rollup?

A zero knowledge rollup is a type of layer 2 scaling solution that relies on zero knowledge cryptography (e.g. ZK-snarks or ZK-starks) to trustlessly record transactions that happen on the layer 2 and subsequently validate those transactions using a cryptographic proof system that is verified by a smart contract on the main underlying blockchain.

As a zero knowledge rollup relies on a smart contract to validate the proof of the transactions in the layer 2, the system has some inherent benefits, such as higher transaction throughput and finality time compared to Optimistic rollups. Examples of production apps that are running on zero knowledge rollups are the DeversiFi decentralized exchange and the Immutable X NFT exchange.

Zero knowledge rollups tend to support custom and specialist apps that are specifically coded for the rollup technology. However, several rollup projects are working on releasing zero knowledge rollups that will allow projects to launch their smart contracts on the layer 2 without any additional code development.

Here's the Analysis of #API3 :

#API3 printed its all time low last month and now moving back and forth of the major resistance area around $0.88 - 1.66. Buying looks weak and shorting looks good enough to go lower.

#BTC trying to be strong kept on retesting the $85,000 and $86,000 area, and still market is trying to move hard for the break and close of $86,000. Let's see and wait to have a closing over it.

#GOLD UPDATE :

#GOLD have a another push to the upside and 6.5$ in favor. Market Goes clear with the tariff news and now consolidation on the New ATH. Price can either strong correct or move to new ATH very soon. Break and retest will be the all we have to see.

Current loss intensity is relatively low, with Relative unrealized loss at just 2% of market cap. While many coins are underwater (high loss dominance), the depth of these losses is much shallower than in previous bear markets like 2022. This suggests investors are experiencing less severe pain despite widespread losses.

What Are Zero-Knowledge Rollups (ZK Rollups)?

Simply put, zero-knowledge rollups or zk-rollups is a layer-2 scalability solution that allows blockchains to validate transactions faster while also ensuring that gas fees remain minimal. Zk-rollups manage to perform better than traditional layer-1 blockchains because they combine on and off-chain processes.

While the Ethereum mainnet explicitly utilizes on-chain activities to process transactions and validate blocks, layer-2 zk-rollup solutions introduce off-chain functionalities as well. One of the main components that allow them to successfully validate transactions faster than layer-1 blockchains are Merkle Trees.

Merkle Tree is an important mathematical structure that allows blockchains to ensure that no one can fake data on the on-chain records of a zk-rollup. Usually, a zk-rollup consists of two Merkle Trees which are both stored on a smart contract, or in other words, on-chain. One tree is dedicated to storing accounts, while the other stores all balances. Any other type of data generated and used by the zk-rollup is stored off-chain.

Zk-rollups are becoming increasingly popular both among developers who are looking to boost usability and among investors and traders looking for faster and cheaper transaction processing.

Here's the Analysis of #PNUT :

#PNUT not having clear move in the market moving sideways market. Price floating below the strong resistance area of $0.133 - $0.146 and still having some potential move down. A retest and drop can come along so take this accordingly.

#BTC rejected as per the call, and now at the $83,000 areas. Well, that a nice call and now price looks weak for this week and can further move lower towards the $81,500 and lower.

New #ATH in Gold 🚀

#CREAm finally delisted from binance and move around 20% in out favor too. Now its a BE and consolidating too. Price can fall further and break and close above can give a shirt-term rally in the market.

US wants 70 countries to restrict trade with China in exchange for reduced tariffs

-upto 245% tariff

The Supply-in-Loss MVRV (now at 0.88) measures how far underwater loss-holding investors are. It dropped sharply when prices fell below $93k, indicating moderate market stress. While this is low for the current cycle, it hasn't reached the extreme levels seen in previous bear markets. Bitcoin shows weakness across indicators, but not yet as severe as past downtrends.

ZK Rollups Explained ?

A zk-rollup is a layer-2 scaling solution increasing Ethereum's throughput by processing transactions outside of the Ethereum mainnet. It alleviates congestion on the base layer and bolsters scalability.

The three primary components of a zero-knowledge rollup include a smart contract on Ethereum, a prover, and a set of verifiers. Interactions between chains are managed by the smart contract. A third-party prover generates cryptographic proofs of transaction validity on the layer-2 chain, while verifiers are a group of nodes responsible for confirming these proofs and submitting them to the smart contract.

Users sign transactions and submit them to the prover, who verifies and queues them. Periodically, the prover batches thousands of transactions from the queue into a block and generates a zero-knowledge proof of their validity. This proof is a concise piece of data that can be verified in just a few milliseconds without revealing any transaction information. The prover then submits the proof and a small amount of data — such as the state root and the transaction root — to Ethereum as a single transaction. The smart contract verifies the proof and updates its state accordingly.

Withdrawing funds necessitates an exit request, which is submitted to an Ethereum block. The smart contract then unlocks and transfers the funds. No waiting period is required for withdrawals, as they are verified by proofs.

A key feature of zk-rollups is their use of zero-knowledge proofs to verify transactions on-chain without requiring any interaction or trust. This enables high scalability, low latency, and privacy features.

Here's the Analysis of #DOGE :

#DOGE bouncing off between the major level of support and resistance around $0.137 - $0.142 and $0.160 - $0.165. With that, price formed a bear flag pattern, which already broken to the downside and can reach the major support again. Short-term buys can be taken there or long after Daily candle close over major resistance.