Michael Saylor Reveals Personal BTC Holdings At Over $1 billion!

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📅 Today

🔍️ Market Outlook

• Overall Bias - Bearish till price closes the week above $57,500 🙏 

• Bitcoin has broken its weekly bullish super-trend support. To maintain an uptrend, BTC needs to close the week above $57,500. Until then, the outlook remains bearish.

• So far after the drop, the prices have recovered well. We need to wait till Sunday for the weekly close to see how sustainable this bounce can be. A close above $57,500 would signal bullish momentum.

• The 200-week moving average at $38,000 is expected to act as strong support in a worst-case scenario, similar to the Covid-19 crash.

• With rising BTC dominance, it is currently wiser to have more exposure to BTC than altcoins until the dominance trend reverses.

• Till BTC flips its 200 Daily Moving Average at $62,000, it is not advisable to buy alts.

Michael Saylor Is All-In On Bitcoin ⚡️ 

Michael Saylor in an interview, recently revealed that beyond his company's holdings, he personally owns at least 17,732 Bitcoin, currently valued at approximately $1 billion.

He stated that he hasn’t sold any bitcoin, and continues to acquire more with time.

Apart from his personal holdings, his company, Microstrategy holds 2,26,500 BTC worth over $13 billion, sitting at an unrealized gain of $4.6 billion (+55.14%)

Ripple - 1, SEC - 0 🙏 

A Manhattan court has ordered Ripple Labs to pay $125 million in penalties to the U.S. SEC for improperly selling the cryptocurrency XRP to institutional investors.

This is just a fraction to what the SEC had sued Ripple for. They had previously sued Ripple in 2020, initially seeking $2 billion in fines, alleging that the company raised over $1.3 billion through an unregistered securities offering.

Following the favorable ruling, XRP surged by 25%, reaching 64 cents.

Many hope this marks the end of the current administration’s crackdown on cryptocurrencies

📕 Educational

A comprehensive list of 30 under-rated tools to DYOR for crypto 🔍️ 

1. Defillama: Comprehensive DeFi analytics platform, tracking TVL and other key metrics. Essential for understanding the health and performance of DeFi protocols.

2. Dappradar: Provides insights into decentralized apps across multiple blockchains. Tracks user activity, volume, and rankings for a holistic view of dApps.

3. Dune: Customizable blockchain data analytics tool with user-generated dashboards. Perfect for creating and sharing detailed data visualizations.

4. Zapper: All-in-one DeFi asset management tool, offering portfolio tracking and transaction management. Simplifies complex DeFi activities.

5. Glassnode: Delivers on-chain and financial metrics for in-depth market analysis. Key for tracking market trends and investor behavior.

6. Token Unlocks: Provides information on upcoming token unlock events. Helps investors anticipate market movements and potential price impacts.

7. Token Terminal: Financial data aggregator for crypto projects, covering revenue, P/E ratios, and more. Essential for fundamental analysis of crypto assets.

8. Alphascan: Offers social metrics and sentiment analysis for blockchain projects. Useful for gauging market sentiment and community engagement.

9. Bubblemaps: Visualizes token distribution and on-chain connections through interactive bubbles. Helps in identifying large holders and network clusters.

10. Arkham Intelligence: Advanced blockchain intelligence platform, providing detailed analytics and insights. Supports investigative research and due diligence.

11. Zapper : DeFi dashboard for tracking, managing, and optimizing your crypto portfolio. Integrates with various protocols for seamless asset management.

12. Into the Block: AI-powered platform offering insights into crypto assets and blockchain data. Analyzes patterns and trends to inform investment decisions.

13. Exocharts: Orderflow analysis tool providing detailed market trading data. Useful for traders looking to understand market dynamics.

14. Tradinglite: Real-time orderflow analysis and charting tool. Helps traders visualize and interpret market depth and order book movements.

15. Dextools: Suite of tools for tracking memecoin trades and activities on decentralized exchanges. Popular among traders in the memecoin market.

16. Dexscreener: Real-time charts and trading data for memecoins on various DEXes. Essential for active traders seeking quick insights.

17. Santiment: Market insights platform providing behavioral analytics for cryptocurrencies. Helps in understanding market psychology and trends.

18. Into the Cryptoverse: Comprehensive market analysis and research for a variety of crypto assets. Offers in-depth reports and predictive models.

19. Cryptorank : Aggregates information on ICOs and other token sale events. Helps investors stay updated on new investment opportunities.

20. Token Metrics: AI-driven research platform offering analytics and ratings for crypto investors. Assists in making informed investment decisions.

21. Artemis: Market intelligence and analytics platform for DeFi and crypto projects. Provides detailed project evaluations and comparisons.

22. ICO Drops: Detailed listings and analysis of upcoming and ongoing ICOs. Great for keeping track of new fundraising events and token launches.

23. The Tie: Provides Institutional-level research and token services, including sentiment analysis

24. Alphascan : Provides on-chain social metrics and data. Helpful to analyze tokens with high community and social interest.

25. Revelo Intel: In-depth manual research reports on blockchain projects.

26. Chainbroker: Comprehensive resource for tokenomics, raises, unlocks, and more for publicly listed tokens

27. Coinglass: Insights related to On-chain funding rates, liquidation data, ETF inflows and a lot more.

28. Spotonchain: Social metrics and insights on blockchain activities.

29. Flipsidecrypto: Community-driven blockchain analytics and insights

30. Footprint Network: Fundamental dashboards for analyzing blockchain projects

📊 Stat of the day

📈 Chart of the day

• Rationale & Confluences :

• Macro horizontal support at $16.35

• Daily Discount zone

• 4H Bullish order-block

• Possibility of double bottom in case of a re-test

• $16-17 can be a good DCA zone for ARweave.

• Note : None of the content here is financial advise. This is for educational purposes only.

• Source : Cointraction

🤣Meme of the day

That concludes our update for today!

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Disclaimer : None of the content shared in the newsletter is financial advise. Always do your own research before investing.