Binance Founder: Crypto Needs Ethics And Long-Term Focus, Not Short-Term Greed
Changpeng Zhao, Binance former CEO, remains an active commentator on the state of crypto’s affairs. In a recent Twitter/X post, CZ criticized the prevailing investment thesis and culture for many, which is primarily driven by greed and the quest for quick profits. The former Binance big boss blasted current holders fixated on small and quick […]
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Bitcoin is forming a short-term flat between two key resistance lines. An exit from that flat could mark the beginning of a medium-term trend. Which direction will Bitcoin choose? Bitcoin’s price rebounded from the level of $442.2 yet again, thus proving its significance. A new level has formed below it, at $435.6. Because the price has stopped at the peak of the long-term correction, a continuation of the movement will mean that there is at least a new medium-term trend. Consequently, the current levels of the short-term flat will most probably be a starting point for a new weekly trend.....
On-chain data suggests the Bitcoin Long-Term Holders are currently putting more selling pressure on the market than short-term holders. Bitcoin Long-Term Holder SOPR Has Spiked Up In Recent Days As explained by an analyst in a CryptoQuant post, Short-Term Holders and US investors haven’t sold as much lately as during the start of June. The […]
The short-term and long-term bitcoin holder cost basis ratio is trending downward, signaling a shift in market conditions.
The NFT industry is riddled with projects that suffer from a short-term vision rather than a long-term mindset. Speculation and greed reign supreme, and community engagement is often an afterthought. With the help of Snook’s BBT-themed rooms, all of that may finally begin to improve. NFTs Are About More Than Speculation Many people agree there […]
Bitcoin has undergone a strong rally over the past few weeks. The coin has rallied from the $9,800 lows in early September to $11,400 now. Bitcoin may retrace in the near term, analysts say, as it faces down increased selling pressure. Despite these short-term bearish signs, the long-term trend remains bullish. Noted on-chain analyst Willy Woo says that Bitcoin’s long-term trend is still decisively positive despite short-term downside risks. What’s Next for Bitcoin? Leading on-chain […]