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- Crypto during Fed rate cut uncertainty
- Mastercard $2b crypto acquisition
- Consensys IPO
- $BTC $ETH $SOL ETF updates
- Western Union stablecoin
- $ONDO on binance chain

https://x.com/altcoinbuzzio/status/1983881583972250016?s=46

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Meta to raise $25 billion from bond sale.

Meta's bond sale signifies a move to secure substantial capital, potentially influencing market liquidity or future investment strategies.

Seasoned sellers step in as highlighted in our recent WOC reports, long-term holders have been actively spending since mid-July, applying consistent sell pressure that has capped the market below $126k. In this thread, we’ll take a deeper look into this distribution.

Consistent selling by long-term holders is capping the market and signaling significant resistance.

Yesterday, U.s. Spot Bitcoin ETFs saw a net outflow of –$93M, highlighting rising sell pressure from TradFi investors and renewed weakness in institutional demand.

This indicates increasing bearish pressure on Bitcoin from institutional investors.

Bitcoin Technical Analysis
👉 Bitcoin is currently trading at $110799.
👉 The market bias is distinctly Neutral.
👉 Key immediate support is at $109990.
👉 Key immediate resistance is at $110863.11, followed by $112734.42.
For Buyers: A sustained hold above $110863.11 could lead to a retest of $112734.42. A move above $113155.65 is required to shift the short-term momentum.
For Risk Control: Use tighter stops or reduce position size if price breaks below $109990.

MOVING AVERAGES
👉 EMA50 is at $113155.65, acting as immediate resistance.
👉 EMA100 is at $112734.42, providing critical resistance level.
👉 No notable EMA crossovers observed.

BOLLINGER BANDS
👉 Price is currently positioned in the lower half of the Bollinger Bands, below the middle band at $110863.11, indicating consolidation with a negative tilt.

FIBONACCI LEVELS
👉 Key Fibonacci retracement at $109990 limits downside, with extension at $133911 marking potential upside target.

MOMENTUM (SRSI/MACD)
👉 Stochastic RSI K is at 64.8, indicating bullish momentum strength within the optimal zone (50-70).
👉 MACD is below zero (bearish momentum regime) but MACD is above its Signal line (bullish alignment), following a bullish MACD cross 4 bar(s) ago.

Link to live chart:
https://in.tradingview.com/chart/BTCUSDT/0fH3h0VQ-Bitcoin-Chart/

Nemesis pre-seed round about: @Nemesisdottrade is a decentralized exchange designed for internet capital markets. investors: lyvc (lead) and district (lead) valuation: $20m

This pre-seed round for a decentralized exchange signifies early investor confidence and a $20M valuation for the project.