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Tg username @Theblock for sale
Dm @me23z
Safety deal
#theblock

Tg username @Theblock for sale
Dm @me23z
Safety deal
#theblock

Tg username @Theblock for sale
Dm @evhesus
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April's first two weeks saw more Ethereum loans liquidated than any month since June 2022

While crypto prices have staged a modest recovery following yesterday's sharp selloff, the volume of liquidations on Ethereum lending markets has already reached its highest monthly value in years—despite April hardly being half over.

According to The Block's data dashboard, nearly $80 million in liquidations in lending protocol Aave and nearly $50 million in liquidations in Compound make up the vast majority of the liquidations.

The last month to have a higher volume liquidations was June 2022, the month following the collapse of the $40 billion Terra ecosystem.

The crash in the price of CRV also threatened to liquidate Curve founder Michael Egorov's loan, according to Colin Wu. While he was not liquidated, Egorov indicated that he intended to reduce his exposure in a message to the Curve Telegram reviewed by The Block.

Traders, in addition to lenders, have faced increased liquidations recently as bullish bets soured along with Bitcoin's decline from its recently-minted all time high. According to CoinGlass data, crypto liquidations total nearly $1.7 billion in the last three days, with the majority of liquidations affecting bullish bets.

The current stage of the market in my opinion = distribution/distribution

1. It is too easy to let everyone earn money on the eve of halving. The potential price AFTER halving is 40-45k. And the seemingly obvious idea to buy now and sell in less than a year is almost 2 times higher. But there is no such magic. Can shake very much before this event.

2. Crypto twitter actively offers to buy bitcoin = the "crowd" is positive about the price.

3. The price was driven higher before the weekend and creates a positive news background.

Good morning!

What are the main tools for monitoring the crypto market.

1. Total Market Cap. This indicator makes it clear whether money is coming into the market now or vice versa.
   Now the total market capitalization = 1.234 trillion dollars, and for example in November-January it was 756 billion dollars. Those for 6 months the market grew almost 2 times.

2. Bitcoin dominance. This indicator reflects how much of the total amount of money in the market is in Bitcoin, and how much is in other cryptocurrencies. Now the dominance of Bitcoin is 47%. Half of all the money that is on the market is now in Bitcoin.

The dominance graph is the most important indicator of the movement of capital within the industry. And now it's starting to decline. This means that money from Bitcoin is transferred to other cryptocurrencies. Accordingly, there is a possibility of the beginning of the growth of altcoins and the beginning of the so-called alt-season.

Good morning! Bitcoin is trading around 30k.

At the moment I sold Bitcoin and do nothing

I follow the development of events and wait for the climax, the stage of euphoria. Just as capitulation (a sharp, painful decline + negative news background) of the crypto market was once necessary before changing direction from falling to rising, a stage of euphoria is also needed now.

I have identified two scenarios.

1. Decrease before the stage of euphoria. Then I will look at what price bitcoin can reach and buy previously sold bitcoins, but at a lower price.

2. Continued growth and the stage of euphoria without correction. Then I just wait for higher prices (for me, this area is 32-34k) and my profit will be the greater, the lower the price of bitcoin. You can make money on growth, but also on a fall, there will be a separate post about this.

This is about Bitcoin. Action plan. We simply observe and accept reality as it is.

What is interesting in the market:

Decline in volatility. All the juices are squeezed out of the market

Liquidity goes in BTC

Altcoins continue to fall, after the formation of the bottom of BTC, this may indicate the final stage of bear market. Analogue is the bull market. BTC have already reached peak and the price does not move, meanwhile altcoins at this time shoot up by 50-100 percent or more.

Is it bottom?

It is difficult to predict the exact bottom of the price of Bitcoin or any other cryptocurrency, as the market is highly volatile and subject to many different factors. However, there are some indicators that traders and investors may use to try to identify potential bottoms in the market. Some of these indicators include:

✅The MACD histogram helps identify trends and evaluate the balance of buyers and sellers. A strong buy signal is when the MACD histogram forms a bullish divergence. When prices fall to a new low, the histogram begins to rise from a higher low.

✅The most vital buy signals are the divergences of the bear's strength index and prices.

✅Obvious Support levels 14-12k: One of the key ideas in finance is that prices reflect the collective expectations of market participants about the future. However, these expectations are not always accurate, and prices can deviate from what many people expect. This can lead to situations where the price of an asset moves in a direction that is opposite to the expectations of the majority of market participants. There are a number of theories that attempt to explain why prices can move against the opinion of the crowd. One theory is that prices can be influenced by the actions of "smart money" investors who have access to better information or are more skilled at analyzing market trends.

✅Negative news: Covers of major magazines can serve as a good reversal indicator

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