IT Tech Crypto

💰 Tether Treasury just injected another 313.45M $USDT into the cryptocurrency market in the past 12 hours, mostly via Kraken on Ethereum: address: 0x5754284f345afc66a98fbb0a0afe71e0f007b949 Notably, over the past 5 days, Tether minted 5B $USDT on Ethereum and Tron and subsequently transferred 3.143B $USDT into the market through various exchanges. Check details: ⬇️ ❌ https://x.com/IT_Tech_PL/status/1861002244084138018

#Bitcoin reserves on exchanges have dropped significantly from 3.06M BTC (February 2024) to 2.51M BTC (November 2024), reflecting a net decline of 552,788 BTC (18.06%). This indicates a trend where investors are moving their Bitcoin from exchanges to private wallets, signaling a long-term holding strategy and reduced sell-side liquidity. ➡️ Correlation Between Reserves and Price: Historically, significant exchange outflows correlate with bullish price action as reduced sell-side liquidity limits downward pressure. The consistent decline in reserves and substantial weekly outflows support the current rally, with Bitcoin reaching $97,952. ➡️ Current Market Sentiment: The large-scale withdrawals and decreasing reserves underscore strong market confidence, with participants likely expecting further price increases. Conversely, the magnitude of outflows may lead to heightened volatility if market conditions shift or if reserves start flowing back to exchanges. 📱 https://x.com/IT_Tech_PL/status/1860985707931582808

🔔 GM Read my latest Weekly Crypto Analysis. 👇 Enjoy your coffee ☕️ https://ittechpl.substack.com/p/104-on-chain-insights-by-it-tech

🔔 Don't Miss Out! A full analysis is now unlocked for free subs. 🔓 Catch my latest Crypto Market Analysis every Sunday at 6:00 PM - free! Dive into the insights and trends that could shape your investments. See you there! 👋 ➡️ https://ittechpl.substack.com/p/104-on-chain-insights-by-it-tech

🔍 Dive deeper into the numbers! What does an 18% drop in exchange reserves mean for Bitcoin’s future? 🚀 Explore this and more in the latest edition of On-Chain Insights by IT Tech. Gain exclusive access to key indicators driving the market momentum and learn why this data matters now. 👇 ➡️ https://ittechpl.substack.com/p/104-on-chain-insights-by-it-tech

New cycle - old vibes.

⚠️ Check out my latest issue of Weekly Crypto Analysis! The new edition will be available at 18:00 for everyone - completely free of charge. Paid subscribers get full access immediately! Consider supporting my work by joining the paid subscribers ($5/month). 🤝 ➡️ https://ittechpl.substack.com/p/104-on-chain-insights-by-it-tech

I'm currently preparing the latest cryptocurrency market analysis. It will be available in a few hours. ✔️ Subscribe for free now. 🌐 https://ittechpl.substack.com/

Beautiful view. 🥺 🧠 Don’t forget to realize profits! ❌ https://x.com/it_tech_pl/status/1860339839045877985?s=46

‼️ 📰 https://fxtwitter.com/it_tech_pl/status/1859669485839683748?s=52

✅ Longs got liquidated. 🎣

$BTC potential liquidations in the short term due to high leverage. They will catch these longs?

98k only 2k to 100k 🤯

GM ✅ Shorts got liquidated . ATH $97,900 🫡

Bitcoin CVD Spot 📉 Price 📈 Not good.