🗣️ $JTO and its new airdrop has been atop our trending tokens list, according to data on #X, #Reddit, #Telegram, & #4Chan. Additionally, #Bitcoin is seeing a variety of discussions about its future, and several other assets are seeing #FOMO due to pumps.
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😱 Traders are fearful that #crypto markets may be in a #bulltrap at the moment. But while #Bitcoin may have stopped its momentum for the time being, #Ethereum and #altcoins are blasting off once again. #FUD could propel $BTC to $50K if it increases.
🐳 #Ethereum has scratched its way to $2,349, its highest level since June, 2022. The long-term trend of top non-exchange whale wallets getting richer, and top exchange whale wallets having less sell-off power, is a promising combo for a continued climb.
📊 #Ethereum's market value has just reached $2,250 for the first time in over 1.5 years. As $ETH open interest & longs increase, there are signs of #FOMO. Prices can still climb, but there is more risk while traders create greedy leveraged positions.
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We catch up with @Minted_Max to talk about the positive news of the Fed keeping interest rates level for the rest of 2023. What is the impact on the Crypto Market?
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🐳 The largest #Ethereum wallets continue forming an encouraging pattern, with exchange wallets now reduced to 6-month lows (8.03M $ETH) and non-exchange wallets soaring to an #alltimehigh (41.03M $ETH). More and more coins continue moving to self custody.
📊 #Bitcoin (+6.9%), #Ethereum (+12.2%) #SP500 (+8.5%), and #gold (+1.5%) have had encouraging November performances. Particularly with the stock market, it has rapidly caught up to #crypto over these past couple weeks. If $BTC makes a run from here without stocks following suit, this would be a strong sign that the correlation between sectors is breaking once again, which is typically a recipe for a #cryptocurrency #bullmarket.
If we look into Ethereum itself, we might see massive divergencies across many metrics.
All above are red flags suggesting a dump. Divergencies quite massive all over the board, we might need to dive deep to reset it.
There is a reaction from holders that are probably scared by recent negative news - stablecoin dolphins and sharks:
And also some increased onchain activity on a number of altcoins forming a positive bullish divergence. For example, UNI:
The period of increased volatility is here. What's your bet?