Educational Post

What is Breakeven Multiple?

Breakeven Multiple is the value by which the current price of a coin or asset needs to be multiplied by to reach its Breakeven Point (BEP). The Breakeven Point is the initial acquisition cost paid by a trader or investor (including trading fees). Therefore, when the market price of an asset drops below the price paid, the trader would need it to rise again in order to break even, so they can close their positions without gains or losses.

For example, if a trader buys a coin at a market price of $10 per unit, and then it falls to $5, he would need that coin value to double (100% increase) in order to return to its initial purchase price. In this case, the breakeven multiple would be 2.

Sometimes, the Breakeven Multiple may also refer to the multiple by which a cryptocurrency (or any other asset) needs to rise in order to reach its previous All-Time High (ATH). For example, let’s imagine that a cryptocurrency ATH was $1,000, but it is now being traded for $250 (75% drop). In this case, the breakeven multiple is 4 because it needs to experience a 4-fold gain (300% increase) in order to reach its peak price again.

Note that the breakeven multiple is not a percentage, but an absolute number. If we consider the drop percentage of the previous example (75%), the price of that asset would need to increase 300% (4x) to reach $1,000 again.

🚀 Huge Milestone for TON Blockchain: 1 Billion Transactions! 🚀

TON is on fire, reaching 1 billion transactions and rapidly expanding, bringing millions into the Web3 world. 🌐 This is just the beginning of an incredible journey ahead!

JUST IN: The % of illiquid #Bitcoin supply has just hit a new all-time high!

Nearly 74% of $BTC circulating supply is now classified as illiquid, according to Glassnode data.

The Halving-induced supply shock is intensifying, tightening the squeeze as we approach the next major bull run.

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As more money becomes widely available, the price of #Bitcoin will increase.

Some of my #Altcoins are up 100% this week.

Is #Altseason back?

#Bitcoin is breaking critical resistance!

The breakout is starting!!!!

API3 analysis:

Price broke the local resistance area and also underwent a retest. We may now observe a continuation of the upward movement. Consider opening a long position near the support area with a tight stop loss.

Support Area: $1.50-$1.55

Resistance Area: $1.95-$2.15

$MSTR is beating 100% of the S&P 500 with #Bitcoin

$MSTR alone now holds 1.3% of the total #Bitcoin supply

$3.46B in token unlocks scheduled for the Uptober, Key Unlocks include:

• $TIA: $1.12B
• $WLD: $336.31M
• $SOL: $360.80M
• Other tokens: $1.65B

Bitcoin price closed September 2024 with a +7.38% increase at $63,327

#BURGER/USDT Chart Analysis : 4H

#BURGER is currently trading above the order block. The price is likely to bounce from this level and continue its momentum to test the Fair Value Gap (FVG).

Entry : $0.4387
Target : $0.4569
SL : $0.4256

Key Points from Netanyahu's Address to the Iranian People:

1⃣ Address to Iranian People: Direct message without filters or middlemen.
2⃣ Criticism of the Iranian Regime: Accused of subjugating people, causing regional darkness and war.
3⃣ Military Reach: Stressed Israel's capability to protect itself anywhere in the Middle East.
4⃣ Call for Change: Urged Iranians to imagine a better future with education, healthcare, and infrastructure.
5⃣ Regime's Misuse of Funds: Criticized spending on foreign wars and nuclear weapons.
6⃣ Vision for Peace: Hopes for future peace between Israel and Iran, with investment, tourism, and innovation.
7⃣ Support for Iranian People: Expressed solidarity with the Iranian people, rejecting the regime's support for groups like Hamas and Hezbollah.

TODAY'S FEAR & GREED INDEX..