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Crypto Mountains

Crypto Mountains

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πŸ‘€ Crypto Mountains - cult channel about cryptocurrencies and blockchain πŸ‘€ Promotion: @attackerme

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πŸͺ™ Zcash Leads Privacy Coin Rally Amid Bitcoin Surge πŸ“ˆ On October 2, privacy coins experienced a significant rally, with Zcash (ZEC) leading the charge. Bitcoin (BTC) reached $120,000 for the first time since August 14, but it was ZEC that stole the spotlight, rising by over 20% to briefly hit $156.80 before settling at $132. Since September 25, ZEC's value has surged by more than 130%, the highest among privacy coins. πŸ“£ Several factors contributed to ZEC's impressive performance. Notably, the announcement of the Grayscale Zcash Trust (ZCSH) launch was seen as a significant endorsement of ZEC and a sign of increasing institutional interest in the privacy coin sector. Additionally, the introduction of cross-chain swap capabilities for Zcash has sparked renewed investor interest. πŸ’ͺ Other privacy coins also benefited from this trend. Monero (XMR) surpassed $340 for the first time since July 2025, with a nearly 13% gain since September 25 that boosted its market cap beyond $6 billion. Dash (DASH) continued its upward trajectory with a 4.6% gain over 24 hours, bringing its weekly performance to an impressive 61%. Decred (DCR) and Verge (XVG) also saw double-digit daily gains, with weekly returns of 21.9% and 43.8% respectively. πŸ“‰ However, not all privacy coins fared well. Beldex (BDX), ranked No. 3, experienced negative weekly gains despite a 1.2% increase in 24 hours; its price was 9.6% lower than on September 25. Zano (ZANO), ranked No. 6, was down 3.5% after 24 hours but up by 7.6% over a seven-day period. πŸ“Š Overall, the market capitalization for privacy coins jumped by more than 21% to $10.3 billion on September 25, nearly 10 times the growth rate of the broader crypto market.
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❀ 683πŸ‘ 211🀩 145🀑 109πŸ”₯ 103🐳 78πŸŽ‰ 49πŸ—Ώ 33😁 21
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πŸ’Ž The World’s First AI + RWA Token. Royals are watching. Whales are buying. Analysts are bullish. What are YOU waiting for? 2B+ Tokens Sold. $6M+ already raised. πŸ‘‰ www.shheikh.io πŸ‘‰ Follow their Twitter account πŸ‘‰ Follow their Telegram Channel #Crypto #Blockchain #AI #RWA #DeFi #Tokenization #Altcoins #Investing #Presale #CryptoCommunity #BullRun2025 #NextBigThing
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❀ 307πŸ‘ 91πŸŽ‰ 62⚑ 50🀩 43🐳 33😱 20❀‍πŸ”₯ 13πŸ”₯ 12😁 9🀝 7
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🚫 New Restrictions on Stablecoin Usage in Iran 🌟 Iranian authorities have implemented strict new regulations on stablecoin usage, limiting annual purchases to $5,000 per person and total holdings to $10,000. This announcement was made on September 27 by the Central Bank’s High Council, coinciding with a significant decline in the Iranian rial, which fell to a record low of 1,136,500 per U.S. dollar ahead of the reinstatement of United Nations sanctions. β†ͺ️ The new policy applies to all users and traders on licensed digital platforms and must be enforced within a one-month transition period. Asghar Abolhasani, secretary of the High Council, stated,
From now on, the ceiling for purchasing stablecoins is set at $5,000 per user annually, and holdings cannot exceed $10,000.
πŸ’° Stablecoins, particularly tether (USDT), have become essential for many Iranians due to the devaluation of the rial and high inflation. These US dollar-pegged assets provide a way for citizens to protect their savings from the domestic economic crisis. They are also crucial for cross-border transfers and capital flight for both individuals and businesses facing financial isolation from the global banking system due to international sanctions. πŸ”— However, the use of stablecoins is also linked to sanctions evasion efforts by the government. State-affiliated actors reportedly use USDT to finance proxy groups, acquire sensitive goods, and facilitate imports, often routing billions of dollars through cost-effective networks like Tron. βš–οΈ The new restrictions are expected to disrupt thousands of small traders who depend on crypto markets for their livelihood. Those who violate the limits may face penalties. This decision by the Central Bank reflects previous attempts to reduce foreign currency demand during economic crises. In the past, Iranian authorities have restricted access to U.S. dollars and gold in an effort to stabilize the rial, although such measures often drove transactions into underground markets. πŸ“‰ Iran’s currency has been steadily declining for over a decade due to international sanctions, high inflation, and systemic mismanagement. The latest restrictions on stablecoins indicate growing concerns about capital flight and the diminishing public trust in government monetary policy.
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πŸ‘ 782❀ 248🐳 158😍 130🀩 116πŸ”₯ 86🀝 50πŸ—Ώ 33πŸŽ‰ 26❀‍πŸ”₯ 17😱 12
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Win a $100 Amazon gift card 🎁 by taking 2 mins to fill out our questionnaire πŸ‘‰ https://forms.gle/k7WR8vJQNgfyatfGA We’re building 1B, a new way to make crypto transactions safer through embedded insurance. Our mission: reduce risk and make protection seamless for every user. Your feedback will directly shape how we build this. πŸš€πŸ™Œ Website: https://1b.insure/ Winner determined!
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🌐 Vietnam's Digital Finance Ambitions: Da Nang as a Future Hub πŸš€ Vietnam is advancing its digital finance goals by inviting Binance to set up a headquarters in Da Nang and assist in creating a regulated digital asset exchange. This initiative is part of the country's strategy to establish an International Financial Center that incorporates blockchain technology into the formal economy. βœ… During a recent visit to the UAE, Deputy Prime Minister Nguyen Hoa Binh met with leaders from Binance and Bybit. A proposal was presented to Binance for its support in blockchain development, compliance expertise, and infrastructure. Bybit, which boasts over 2.5 million users in Vietnam, also showed interest in aiding with legal frameworks and workforce training. β†ͺ️ This initiative coincides with Vietnam's implementation of a five-year pilot program for digital assets, which mandates a minimum charter capital of $409 million (10 trillion VND) and stringent AML/KYC compliance. πŸ” Analysts suggest that collaborations with Binance and Bybit could elevate Da Nang as a regional digital asset hub. However, the success of this endeavor will hinge on rigorous oversight and the capacity of global exchanges to navigate the country's regulatory landscape.
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❀ 850πŸ‘ 270⚑ 170🐳 150😍 127🀝 102🀩 58🀑 42πŸŽ‰ 29πŸ”₯ 20
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SHHEIKH Presale Surges Past $5M β€” Early Investors Smiling Already. πŸ‘‘ Royal Money Meets AI + RWA πŸ‘‘ Middle Eastern royals are in talks. Crypto whales are already in. Analysts project $2–$5 long term. At $0.00405, Phase 2 is the last cheap entry point. Will you move before the next price surge? πŸ‘‰ www.shheikh.io πŸ‘‰ Follow their Twitter account πŸ‘‰ Follow their Telegram Channel #Crypto #Blockchain #AI #RWA #DeFi #Altcoins #CryptoNews #Presale #Investing #BullRun2025 #WealthBuilding #NextBigThing
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❀ 392πŸ‘ 114🀑 79πŸŽ‰ 59🀩 55🀝 42πŸ”₯ 24😱 19
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πŸ“Š XRP's Weekly Performance: A Battle for Key Levels πŸ“‰ This week, XRP fluctuated between bids around $2.80–$2.90 and resistance at $3.05–$3.10, settling near $2.86 to $2.88. Midweek strength followed a rate cut lift but momentum cooled, leaving a tidy ledger of wicks around $3.07–$3.13 and a lower high below the $3.20 pocket.
That sequence preserved the broader range, with $2.77–$2.90 per XRP acting as the floor and $3.05–$3.30 as the ceiling,
where rallies keep stalling. Buyers had their best shot on the spike, but volume faded into the weekend and the close drifted back to the midpoint. πŸ” Under the hood, repeated rejections near a trendline band around $3.02–$3.10 per XRP line up with a hesitant momentum profile, while on-balance accumulation looks constructive enough to keep dip-buyers alert. Translation: it’s not a trend day; it’s a level-by-level grind where confirmation matters more than hope.
A decisive close above $3.10 with strong volume is the first real green light, and $3.20–$3.30 is the follow-through test.
⚠️ On the flip side, the defense is clear. Lose $2.80 on rising volume and the trapdoor opens toward $2.65–$2.60, with a worst-case retest scenario down at $2.35–$2.40 if risk appetite sours. The base case remains choppy: a range that frustrates late longs and punishes impatient shorts. πŸ“ˆ Short-term market scenarios break down like this: bullish if price clears $3.10–$3.15 and holds, targeting $3.30–$3.50; base case is a sideways coil between $2.80 and $3.10; bearish if $2.75–$2.80 gives way, with a slide toward $2.50–$2.60 and, if forced, the $2.30s.
What to watch ahead: the $3.10 breakout line, the $2.80 floor, and whether volume finally shows up to settle the argument.
πŸ“ Bottom line: XRP’s weekly script is all about confirmation. Hold the floor, press through $3.10 with conviction, and the path opens. Fumble $2.80, and sellers get the steering wheel back for a deeper clearance sale. Until the market chooses, respect the range and keep powder dry for the break.
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❀ 725πŸ‘ 231πŸ—Ώ 143🀩 117🀑 109🀝 75❀‍πŸ”₯ 48🐳 34😐 23πŸ”₯ 16😱 9
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➑️ El Salvador's Gold Purchase: A Strategic Move Aligned with Bitcoin Ideals 🌍 In a significant move, El Salvador has recently acquired $50 million worth of gold, marking its first gold purchase since 1990. This decision, announced by the Central Bank of El Salvador, reflects President Bukele's commitment to the principles of bitcoin and sound money. Gold has traditionally been seen as a safe haven against fiat currency devaluation, making this purchase particularly noteworthy. πŸ“ˆ The timing of this acquisition is crucial, as it comes when gold prices are nearing their all-time highs. This strategy allows El Salvador to diversify its foreign reserves while also providing a buffer against fiat currency volatility. This is especially important for the country, which is currently under a $1.4 billion credit facility agreement with the International Monetary Fund (IMF). As part of this deal, the Salvadoran government agreed to limit its bitcoin purchases, a condition it has reportedly complied with despite Bukele's claims to the contrary. πŸ’ͺ By pivoting to gold, El Salvador can protect itself from currency fluctuations without relying solely on bitcoin. This move aligns with a global trend where central banks are increasing their gold holdings while selling off debt securities.
Pivoting to gold would be a step in the right direction and would comply with IMF constraints on bitcoin purchases
highlights the strategic nature of this decision. πŸ”— In summary, El Salvador's recent gold purchase is not just a financial maneuver; it is a strategic alignment with the monetary ideals of bitcoin while adhering to IMF regulations. As the country navigates its unique position in the crypto landscape, this move could provide the stability needed in uncertain economic times.
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❀ 713πŸ‘ 444😁 149🀩 114🀑 100🐳 77🀝 49❀‍πŸ”₯ 35πŸ”₯ 23😍 15
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πŸ“ˆ Bitcoin ETFs Continue Winning Streak While Ether ETFs Experience Outflows πŸ’° On September 16, bitcoin exchange-traded funds (ETFs) recorded their seventh consecutive day of inflows, totaling $292 million. In contrast, ether ETFs ended their five-day inflow streak with $62 million in outflows. This shift highlights a current investor preference for bitcoin over ether. πŸ” Leading the bitcoin ETF inflows was Blackrock’s IBIT, which brought in $209.18 million. Other contributors included Fidelity’s FBTC with $45.76 million, Ark 21Shares’ ARKB at $40.68 million, and Vaneck’s HODL adding $7.42 million. The only exception was Bitwise’s BITB, which saw an outflow of $10.78 million. Overall trading remained strong at $2.95 billion, pushing net assets up to $153.78 billion. πŸ“‰ On the other hand, ether ETFs faced a downturn with $61.74 million exiting. The largest outflow came from Fidelity’s FETH with $48.15 million, followed by Blackrock’s ETHA which lost $20.34 million. Bitwise’s ETHW provided a slight boost of $6.75 million, but it was insufficient to counter the overall decline. The total value traded for ether ETFs was $1.70 billion, maintaining net assets at $29.60 billion. ➑️ The current market trend indicates a clear preference for bitcoin among institutional investors, while ether shows signs of cooling off. The upcoming days will reveal whether this pause for ether is a temporary setback or indicative of a more significant shift in market sentiment.
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πŸ‘ 788❀ 246🀑 167⚑ 136😁 113πŸ”₯ 83❀‍πŸ”₯ 53πŸ—Ώ 35😐 26🐳 18
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πŸ”₯ Invest in tokenized real estate with just $10! πŸ’Έ Up to 25% monthly returns πŸ‘₯ 500K+ registered users 🏒 $20M+ in property transactions The future of real estate is here β†’ https://mintland.io Download IOS App Download Android App #RealEstate #Crypto #DeFi #Tokenization
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❀ 288πŸ‘ 86🐳 56🀩 46😐 43😍 28πŸŽ‰ 20😱 13πŸ”₯ 12🀝 9🀑 7
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🟒 Bitcoin's Market Analysis: September 14, 2025 πŸ“ˆ On September 14, 2025, Bitcoin was trading at $115,927 with a market capitalization of $2.30 trillion and a 24-hour trading volume of $25.20 billion. The price fluctuated between $115,304 and $116,183 during the day. The daily chart indicated a bullish recovery from a low of $107,270, approaching a resistance zone between $116,000 and $116,500. However, traders were advised to be cautious as the relative strength index (RSI) suggested an overbought condition. πŸ” The 4-hour chart showed that Bitcoin's price had risen from a support level of $110,768 but was stalling near a recent peak of $116,805. There was a possibility of a pullback to the $114,500 to $115,000 range before a potential bounce. Profit-taking was recommended near $117,000, with a strong close above this level indicating a new breakout. πŸ“Š On the 1-hour chart, Bitcoin was consolidating between $115,177 and $116,364, suggesting an upcoming range expansion. Traders were advised to consider a long position if the price broke above $116,400 or a short position if it fell below $115,100. πŸ“‰ Oscillator readings were mixed, with the RSI at 58 (neutral) and the stochastic at 91 (bearish). However, momentum was positive at 5,082, and the moving average convergence/divergence (MACD) was also positive at 386. πŸ“ˆ All moving averages were bullish, indicating overall trend support despite the resistance near $116,000. If Bitcoin could maintain its position above $117,000, it could continue towards new all-time highs. However, if the price faced rejection at the $116,000 resistance with low volume, a pullback to $113,000 or even $112,000 could occur. Traders were advised to be cautious of potential bearish divergences.
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πŸ‘ 758❀ 233😍 159😁 121🐳 108🀝 82❀‍πŸ”₯ 46🀑 38πŸ”₯ 1
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🚨 Breaking: Polymarket Partners With Chainlink To Boost Market Resolution Process πŸ“’ πŸ‘‰ Read more
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❀ 345πŸ‘ 104πŸŽ‰ 67😁 56🀩 48🐳 36πŸ—Ώ 22❀‍πŸ”₯ 16😱 9😍 8πŸ”₯ 7
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🟒 Bitcoin and Ether ETFs: A Tale of Inflows and Outflows πŸ“ˆ On September 8, Bitcoin exchange-traded funds (ETFs) experienced a net inflow of $23 million, primarily driven by Blackrock's IBIT, which saw a significant inflow of $169.31 million. However, this was offset by outflows from other issuers like Ark 21Shares’ ARKB and Fidelity’s FBTC, which lost $72.29 million and $55.81 million respectively. Despite these mixed results, overall trading activity remained robust with a total value of $3.03 billion traded. ⚑️ In contrast, ether ETFs broke a six-day streak of outflows with a $44 million inflow, entirely attributed to Blackrock’s ETHA. Other ether funds did not record any inflows, but ETHA's performance was sufficient to turn the tide. The daily trading volume for ether ETFs was $1.28 billion, with net assets holding steady at $27.39 billion. πŸ” These developments highlight Blackrock's pivotal role in driving demand for both bitcoin and ether ETFs, while its competitors struggle with increased redemptions. The coming days will be crucial to see if ether can maintain this newfound momentum or if it will revert to outflows.
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❀ 702πŸ‘ 213❀‍πŸ”₯ 148🀩 112😐 104🀑 77😁 51🀝 35πŸŽ‰ 34😱 23
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⚑️ THE CLOCK IS TICKING ⚑️ Phase 2 is live NOW. Price: $0.00405 Bonus: +5% tokens Analysts are shouting. Investors are rushing. Will you be holdingβ€”or regretting? πŸš€ πŸ‘‰ www.shheikh.io
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πŸ‘ 308❀ 93πŸŽ‰ 58😁 53😱 45⚑ 33🀝 20❀‍πŸ”₯ 13😐 9
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Why watching UbiStake (@Ubix_Network ecosystem β€” $UBX) Ubistake is a staking service of UBIX Network β€” Layer-0 hybrid DAG + blockchain for parallel flow and clean settlement. Simple idea: stake β†’ earn daily accruals β†’ qualify for ecosystem airdrops. No task grinding, no form spam. What UbiStake offers? πŸ“² POS staking rewards + airdrops (~13% APY) distributed on an everyday basis. πŸ’° Daily rewards (on-chain accruals, some pools share project revenues). πŸ’‘ Transparent mechanics: everything traceable on-chain. No lock-up period One loop: stake β†’ airdrops/dividends β†’ repeat.
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❀ 354πŸ‘ 111🀩 70πŸŽ‰ 55πŸ—Ώ 51🐳 38😐 23❀‍πŸ”₯ 17
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πŸ’° Hyperliquid's HYPE Token Reaches All-Time High Amid Stablecoin Infrastructure Bids πŸš€ Hyperliquid's native crypto token, HYPE, has surged to a record high of $51.84 per coin, driven by growing interest in the platform's plans to launch a stablecoin. Hyperliquid operates as a decentralized perpetuals trading platform on its custom layer one blockchain, HyperEVM, which is designed for high-speed, low-cost transactions with zero gas fees. πŸ“ˆ On September 8, HYPE traded at $51.46 with a circulating supply of approximately 270.8 million tokens, giving it a market capitalization of nearly $13.93 billion. The token has seen significant gains, rising 7.75% in one day, 15.5% over the past week, and 18% in the last 30 days. It is currently 1,251.9% above its all-time low of $3.81 recorded on November 29, 2024. ➑️ Hyperliquid is attracting bids from three major firms for its stablecoin infrastructure, while Circle has integrated native USDC on the platform through CCTP v2 for easier cross-chain transfers. Despite HYPE's relatively low trading volume of $559 million in the past day, the platform's innovative approach and partnerships position it as a strong player in the decentralized finance (DeFi) space.
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❀ 796πŸ‘ 252⚑ 162πŸŽ‰ 127😍 120❀‍πŸ”₯ 88🀝 55🀩 37😐 24πŸ”₯ 19πŸ—Ώ 12
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πŸ“‰ Bitcoin and Ether ETFs Experience Significant Outflows πŸ’° On September 4, crypto exchange-traded funds (ETFs) faced a sharp decline as investors withdrew nearly $394 million from bitcoin and ether funds. This marked a reversal from earlier momentum, with bitcoin ETFs seeing outflows of $227 million and ether ETFs recording their fourth consecutive day of redemptions at $167 million.
Bitcoin ETFs registered $227.48 million in outflows, led by a $125.49 million exit from Ark 21Shares’ ARKB and a $117.45 million loss on Fidelity’s FBTC.
🟒 Smaller withdrawals were noted across various funds, including Vaneck’s HODL and Grayscale’s Bitcoin Mini Trust. However, Blackrock’s IBIT attracted a significant inflow of $134.82 million. Despite this, total bitcoin ETF net assets fell to $142.30 billion.
Ether ETFs fared no better, chalking up $167.41 million in outflows and extending their losing streak to a fourth day.
πŸ“‰ Ether ETFs also suffered, with Fidelity’s FETH experiencing the largest loss at $216.68 million. Other funds like Bitwise’s ETHW and Grayscale’s ETHE also saw significant exits. Blackrock’s ETHA was a rare exception, absorbing $148.80 million. ⚠️ The simultaneous decline of both bitcoin and ether ETFs highlights a growing caution in the crypto markets. Despite this trend, Blackrock’s funds continue to be viewed as institutional safe havens.
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❀ 845πŸ‘ 240😱 159🐳 128😐 112πŸŽ‰ 91🀑 51🀩 35πŸ—Ώ 24⚑ 15😍 11
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πŸ’° Ether ETFs Lead Crypto Inflows Amid Institutional Demand πŸ“ˆ Last week marked a significant surge for crypto exchange-traded funds (ETFs), particularly for ether (ETH) ETFs, which attracted $1.08 billion in weekly inflows. Bitcoin (BTC) ETFs also saw a positive week with an addition of $441 million. Despite a pullback on Friday, the overall performance highlighted a bullish trend for crypto funds driven by institutional demand.
Both bitcoin and ether ETFs closed the August 25–29 stretch in the green, shrugging off Friday’s outflows to lock in a combined $1.52 billion net inflow.
πŸ’ͺ Ether ETFs outperformed their bitcoin counterparts, extending a multi-week trend of increasing institutional interest. The peak day for ether funds was Tuesday, August 26, when they garnered $455 million. Blackrock’s ETHA led the pack with an impressive $968.19 million in weekly inflows, followed by Fidelity’s FETH and Grayscale’s Ether Mini Trust.
The only funds ending red were Grayscale’s ETHE (-$46.85 million) and Bitwise’s ETHW (-$15.27 million).
πŸ”„ Bitcoin ETFs had a quieter week but still recorded net inflows of $441 million. The standout performer was Blackrock’s IBIT with a contribution of $247.94 million. Other notable additions came from Ark 21shares’ ARKB and Bitwise’s BITB.
Only Grayscale’s GBTC ended red with -15.30 million.
⚠️ However, the week was not without its challenges. A combined outflow of $292 million on Friday indicated a slight cooling of momentum. Nonetheless, the overarching trend suggests that institutions are increasingly favoring crypto ETFs, with ether emerging as the preferred option.
With August ending, all eyes now turn to whether this demand carries into September or if Friday’s stumble was a warning sign of cooling appetite.
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πŸ“ˆ Bitcoin and Ether ETFs See Continued Inflows Amid Mixed Trading πŸ“Š Bitcoin exchange-traded funds (ETFs) have experienced their fourth consecutive day of inflows, adding $179 million, primarily driven by ARKB and IBIT. Ether ETFs also marked their sixth day of inflows, albeit with a modest increase of $36 million. πŸ’° The recent inflow for Bitcoin ETFs amounted to $178.9 million, with Ark 21shares’ ARKB leading the way at $79.81 million followed by Blackrock’s IBIT at $63.72 million. Other contributors included Bitwise’s BITB with $25.02 million and Grayscale’s Bitcoin Mini Trust adding $5.45 million. Fidelity’s FBTC also saw a slight increase of $4.89 million. Notably, no Bitcoin ETFs reported outflows during this period. πŸ“‰ Ether ETFs also maintained their inflow streak despite a mixed trading day. Blackrock’s ETHA recorded an inflow of $67.62 million while Grayscale’s Ether Mini Trust added $6.27 million. However, Fidelity’s FETH and Bitwise’s ETHW experienced outflows of $33.45 million and $1.28 million respectively. Despite these setbacks, the overall day for ether ETFs remained positive. ➑️ As Bitcoin ETFs regain momentum and ether ETFs continue to perform well, there is potential for a bullish trend in institutional inflows.
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πŸ‘ 948🀑 302❀ 282🀝 184😁 127πŸ”₯ 99😱 56⚑ 44
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πŸ“‰ Bitcoin's Market Analysis: August 27 πŸ” On August 27, Bitcoin traded at $111,036, showing signs of short-term accumulation but overall trend weakness. Its market capitalization was $2.21 trillion with a 24-hour trading volume of $39.66 billion. The hourly chart indicated a bullish recovery as Bitcoin rebounded from $108,717 and briefly reached $112,400. This bounce was supported by increased volume, suggesting buyer interest below $112,000. Traders were advised to watch for a break above $112,400 for potential long positions targeting $114,000. πŸ“Š The 4-hour chart showed a sideways-to-bearish structure after a sharp rise to $117,421. Bitcoin was range-bound between $110,000 and $112,000, with support at $108,717. A push through $112,400 could reclaim the $114,000 to $116,000 zone, but failure to break above $112,000 increased the risk of retesting support. πŸ“‰ The daily chart revealed a clear downtrend with lower highs and lows since peaking near $124,517. Moderate selling activity was noted, but some buyer support emerged in the $109,000 to $111,000 range. A potential long entry could be considered near $108,700–$110,000 if bullish candlestick patterns appeared alongside volume upticks. ⚠️ Technical indicators presented a cautious outlook. The relative strength index (RSI) was at 41, indicating a neutral stance, while the Stochastic and average directional index (ADX) suggested a lack of strong trend. Divergence among momentum indicators advised traders to wait for confirmation before making significant positions. ➑️ Moving averages reinforced near-term bearish pressure. Most short- to medium-term exponential and simple moving averages signaled bearishness. The 100-period EMA at $110,859 offered slight bullish support, but the 100-period SMA at $111,663 reflected resistance. Long-term moving averages remained positive, indicating a broader bullish outlook despite short-term weakness.
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