🚀 Gate.io #Launchpad# Initial Offering: #PFVS#
🏆 Commit #USDT# to Share 10,000,000 #PFVS# . The More You Commit, the More $PFVS You Receive!
📅 Duration: 03:00 AM, May 13th - 12:00 PM, May 16th (UTC)
💎 Commit USDT Now: https://www.gate.io/launchpad/2300
Learn More: https://www.gate.io/announcements/article/44878
#GateioLaunchpad#
#GT# #BTC# #XRP# #ETH# #DOGE# . 🚨📊🌐🛸🎯💰🪙🔮🚀
📉Bitcoin Bitcoin's price has dropped by 4% from its peak of $97,000 - however, people are still looking forward to $100,000? Let's talk about the facts.
The network activity saw a massive increase on May 2, recording its highest level in six months, with more than 925,000 active addresses in a single day. Typically, this is a positive indicator... isn't it? 🚀
But instead of rising, the price of Bitcoin fell by about 2% the next day. A feeling similar to what happened in March: active addresses increased ➝ the price of Bitcoin fell. 📉
Why? A closer look shows that 5,000 Bitcoin (, approximately 484 million USD ), flowed into derivatives exchanges, not into the spot market. This is leveraged speculation, not real demand. 🧐
Since April 29, when net outflows indicated a real accumulation at $94,000, things have settled. Immediate demand? Missing. Retail traders? Out.
Now, active trading addresses have dropped to 618,000, the lowest level in two weeks. This is a clear indication of traders' hesitation to buy at these high levels. ⚠️
So, will the price of 100,000 dollars reach the market? Maybe. But with the downward divergence, the decline of the fear of missing out, and the marginalization of the retail sector, it starts to look more like optimism than momentum. 💭
📊 Smart money tracks behavior, not headlines
The Federal Reserve (FED) sold 20 billion in government bonds.The Federal Reserve (FED) sold 20 billion in government bonds.