Bitcoin futures trading shows an interesting trend. While traders paid $120M weekly to maintain bullish positions during March's peak, this has dropped to just $15.3M now, showing less speculation during sideways markets. However, recent payments have risen above normal levels, suggesting renewed trading interest.

What are Testnets ?

A testnet, short for "test network," is a separate blockchain network used by developers to test and experiment with new features, upgrades, and applications without risking real assets or transactions. It serves as a sandbox environment for blockchain projects to ensure the stability, security, and functionality of their software before deploying it on the live mainnet.

Here are some key characteristics and functions of testnets:

1. Isolation: Testnets are isolated from the mainnet, meaning they run on a different blockchain with its own tokens or assets that have no real-world value. This isolation allows developers to conduct experiments without affecting the actual cryptocurrency network.

2. Simulation: Testnets simulate the conditions of the mainnet, including transaction processing, smart contract execution, and consensus mechanisms. This allows developers to identify and address any bugs, vulnerabilities, or inefficiencies in their code.

3. Free Tokens: Testnet tokens, often referred to as "faucet" tokens, are freely available to users and developers. These tokens can be used for testing purposes, such as sending transactions, deploying smart contracts, or interacting with decentralized applications (DApps).

4. Public and Private: There are both public and private testnets. Public testnets are open for anyone to use and are ideal for testing the broad functionality of a blockchain project. Private testnets are restricted to a specific group or organization and are often used for more confidential or specialized testing.

5. Version Compatibility: Developers use testnets to ensure that new versions of blockchain software are compatible with existing versions. This compatibility testing prevents network disruptions and forks when upgrades are deployed on the mainnet.

6. Community Feedback: Testnets provide an opportunity for developers to gather feedback from the community, identify potential issues, and make improvements based on real-world testing.

7. Smart Contract Development: Testnets are particularly crucial for smart contract development. They allow developers to verify that their smart contracts perform as intended and are secure before deploying them on the mainnet.

8. Rapid Iteration: Since testnets are not constrained by the same rules as mainnets, developers can rapidly iterate and experiment with various features, configurations, and applications to refine their blockchain project.

Here's the Analysis of #STROJ :

#STROJ is been trending lower and bouncing off from the trendline. Currently, price is price nearly at its minor support zones and expected to reach a key area around $0.31 or had a flip of $0.50 for buys.

#BTC Weekly closing is not very good as its left with a very huge wick, making it a pin bar candlestick/ Shooting star candlestick pattern at a very crucial level. Price took all the liquidity up and now we can move lower to more liquidation. We've a ton of Fundamental event, so volatility will be higher than expected. Key area will be around $66,000 level.

#US30 UPDATE :

#US30 didn't reached from the range but news made it further lower. Now, price broke the minor support and expected to move further lower 41600 area. Look at the price action in #LTF for confirmation and stuff as we're at all time highs with no key level.

Bitcoin's price has risen to $69,000 this week, now just 6.8% below its all-time high of $73,000 from March. This recovery is encouraging for investors after seven months of flat, volatile trading. When comparing this price drop to previous market cycles, it looks more like the milder dips of the 2021 bull market rather than the severe drops seen in 2019 and 2022 bear markets.

What Is a Ticker?

If you've ever watched a financial news channel, you will have undoubtedly seen the endless scroll of stocks and commodities rolling past at dizzying speed at the bottom of the screen.

Tickers help traders keep on top of the latest price information — and they also have a place in the cryptocurrency sector.

These tools offer an at-a-glance insight into how a cryptocurrency has been fluctuating during intraday trading.

The information provided includes the symbol, which is the abbreviated name for the cryptocurrency. For example, Bitcoin would become BTC and Ether would be renamed as ETH.

Also included is the latest quoted price for the asset in question, alongside a figure that shows how much the coin has gone up or down in cash and percentage terms. To make it even easier to understand, text is colored green if the cryptocurrency has posted gains, and red if it has clocked up a loss.

Here's the Analysis of #OP :

#OP dropped hard after going though the small channel pattern and moved very correctively. Now, its expected to reach out the support zone of $1.15 - $1.21. There's small room for short but take it accordingly but buys are favorable.

#BTC gave a new lower low and trying to gain some strength now. Price again nearly to the resistance point and by NY open we can expect strong volatility. Better stay away and look for further price action to develop and clarity of the market.

Bitcoin's price has broken through two important technical levels that traders watch closely - the 200-day and 111-day moving averages. But the most interesting signal comes from the 365-day moving average (yearly average), which often marks major market turning points. We saw this recently on August 5th during the yen-related market stress, where this yearly average acted as a strong price floor. Since then, it has continued to serve as the bottom boundary of the current upward trend.

#ETH dropped hard back tot he support zone and given a close below of the very strong trendline. Price likely to turn this move into a fakeout and expected to move potentially higher.

#BTC new ATH ✅

#BTC had a flip over the resistance area and going to have a moon shot to the upside and printed a new All Time High.

#STORJ failed to hit the mentioned area and #BTC moved ATH in between. price respected the Trendline, trying to break the structure and move towards the Major resistance. A flip will confirm the Bullish move.

Net capital inflows into the Bitcoin asset have also accelerated, increasing by $21.8B (+3.3%) over the last 30 days. This has resulted in the Realized Cap ticking up to a new ATH, reaching over $646B.

This suggests that liquidity across the asset class is rising, and meaningful capital inflows support the price increase.