What are the Hottest news for Cryptocurrencies lately?
https://www.coindesk.com/paypal-venmo-to-roll-out-crypto-buying-and-selling
https://www.coindesk.com/banks-in-us-can-now-offer-crypto-custody-services-regulator-says
First,it was Facebook and Libra.
Now it's Paypal and US banks.
This 'bubble' has become a gargantuan institution , is this the similar bullish vibes to late 2017 Bull market?
What does these transfers mean?
Whales getting bored and transferring from 1 wallet to another?No.There is a beauty of the concept to this.
Look closely into the pics.
8,180 Bitcoins moved out of Binance to unknown wallets with massive Tether/USDC/BUSD injecting into the Binance exchange.
What does it say?
It says Bitcoin availablity became lesser inside the Market so it makes the market makers or we call 'Whales' easier to dictate the price .
What other coins are to be noticed of such big transfer?
Ethereum
I cannot read what ETH whales want.
All transfers took place between unknown wallets .
But Fundamentals are good ,heard ETH 2.0 Testnet to happen in August. Read about Technical Analysis of ETH on my other article ETH At Final Resistances Before THE MOON!
EOS
Huge amount of EOS are being transferred out of Binance?There's no bullish Fundamentals I have heard of but maybe EOS is about to turn its stagnant/bearish cycle into super bullish one. Read my Technical Analysis of EOS on my other article DO or DIE for EOS.
There's One Thing to Remember despite all these bullish fundamentals.
Bitcoin and Cryptocurrencies got the Global Hype and Fomo in late 2017 and early 2018.
But Whales/market makers messed it up by selling the news .So many newbies to cryptoworld are left bag holdings with huge losses to an extent that some probably would never come back to investing Cryptos again.
Will the market repeat the 2017 scenario or have they learnt their lesson?
Share me ur thoughts.
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