Waves 價格WAVES

$PI Coin Analysis: What's Next? #PiCoin has been making waves with explosive price action, but is this just the beginning, or is a correction looming !! Let’s break it down! 👇 📊 Technical Outlook: ✅ Double Top Pattern? The chart shows two failed breakout attempts around the $3.00 level, signaling potential resistance. ✅ Support Zone: Key level to watch is $2.40-$2.50—if broken, a deeper retrace is likely. ✅ Breakout Potential? A clean break above $3.10 could send Pi towards the next target of $3.50+. 🔍 Fundamental Updates: 📢 Mainnet Progress: Pi Network's Open Mainnet launch is attracting attention, but no major exchange listings yet. 🔥 Market Hype: Growing speculation around Binance listing rumors and potential blockchain integrations. 📈 Community Strength: Pi boasts millions of active miners and a dedicated user base, which could fuel demand. 🚀 Outlook for the Next Few Days: Bullish Case: A confirmed break above $3.10 could send Pi soaring. Bearish Case: Losing $2.40 might lead to a sell-off towards $2.00 or lower.

🌙📉 Good Night, Crypto Traders 📉🌙 The crypto market's downfall has left everyone disheartened, dreams shattered by waves of liquidation. But remember, the sun always rises after the darkest night! ☀️ No matter how bad the market gets, keep your spirits high. Get some rest—tomorrow brings new opportunities. 🌟 Stay hopeful, be patient, and keep learning! 💤🌙 Good Night! 🌙💤 $BTC $ETH $LTC $BCH $ETC $SOL $BNB $BGB

A new analysis from CryptoQuant shows a major Bitcoin long liquidation event erased about $245.3 million when Bitcoin hit $89,700. This event also caused a big drop in open interest. The rapid sell-off led to increased volatility, forcing traders to reassess market conditions as Bitcoin formed a potential new support level. The event shows the dangers of too much leverage in the crypto market.. Long squeezes often lead to cascading liquidations, where forced sell-offs push prices lower, accelerating downward momentum. A long squeeze occurs when long-position holders are forced to sell as prices decline, CryptoQuant’s Amr Taha explained . This starts automatic liquidations, speeding up a fast sell-off. Bitcoin’s fall below $89K resulted in lots of liquidations, removing liquidity from the market. As liquidation engines closed positions, large buy orders from whales and market makers absorbed the selling pressure. According to Taha, this high-volume liquidation usually levels out prices, as institutional investors use the chance to buy assets at lower prices. Also, he added market makers often use these liquidation zones to place limit orders at good prices. Related: Bitcoin Bull Run Cycle? Chart Points to Next Phase for BTC with Price Analysis In the past 24 hours, $226.72 million was liquidated from crypto traders, with $177.52 million coming from long positions. The largest liquidation event happened in a single hour, reaching $657.28K, with short traders making up $630.62K of that amount. This underlines the market’s ongoing volatility. Despite the liquidation, Bitcoin’s open interest (OI) increased slightly by 0.69%, reaching $57.09 billion. This uptick from over $60 billion prior to the liquidation event suggests that traders are still maintaining leveraged positions. Options open interest also saw growth, rising 3.33% to $32.50 billion, indicating continued interest in BTC options contracts. However, Bitcoin’s derivatives trading volume dropped by 18.57% to $125.73 billion, while options volume fell by 7.12% to $4.14 billion. The BTC OI-weighted funding rate remains slightly positive, reflecting a neutral-to-bullish sentiment. Funding rates across major exchanges such as Binance, Bybit, and OKX are currently between 0.0010% and 0.0100%, suggesting that traders still have an optimistic outlook on Bitcoin’s recovery. Moreover, the long/short ratios remain elevated, with Binance at 2.5423 and OKX at 2.91. This indicates that traders continue to bet on upward price movement despite the recent long liquidations. Related: Bitcoin Price Prediction: $90K Break – Dip or Rebound Next? In conclusion, while the rise in open interest indicates traders are keeping leverage, the decline in trading volume signals a possible reduction in speculative activity. If traders keep using too much leverage, the risk of more liquidation waves is still high. As of the latest data, Bitcoin is trading at $88,763, marking a 0.3% decline over the past 24 hours and bringing its weekly loss to 7.1%. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

⚡ INSIGHT: Waves founder @sasha35625 says DeFi may be quiet now, but by May, that will change as people get tired of losing money on celebrity memecoins. X Hall of Flame via Cointelegraph Magazine

*Will $PI Coin Reach $3 USD Again? A Closer Look* The cryptocurrency market has been abuzz with excitement over the past few years, with new coins and tokens emerging left and right. One such coin that has garnered significant attention is Pi Coin, which has been making waves with its unique approach to cryptocurrency mining. But the question on everyone's mind is: will $Pi Coin reach $3 USD again? To answer this question, let's first take a step back and understand what Pi Coin is and how it works. Pi Coin is a cryptocurrency that was launched in 2019 by a team of researchers from Stanford University. What sets Pi Coin apart from other cryptocurrencies is its mobile-first approach, which allows users to mine coins using their smartphones. The Pi Coin network uses a consensus algorithm called the "Stellar Consensus Protocol" (SCP), which is designed to be more energy-efficient and less vulnerable to centralization than traditional proof-of-work (PoW) algorithms. This approach has made Pi Coin appealing to users who are looking for a more accessible and environmentally friendly way to mine cryptocurrencies. Now, let's talk about the price of Pi Coin. When it was first launched, the coin's price was around $0.03 USD. However, as the network grew and more users began to mine and hold the coin, the price began to rise. In 2021, the price of Pi Coin surged to an all-time high of $3.14 USD, driven by a combination of factors including increased adoption, improved sentiment, and a growing sense of community among Pi Coin enthusiasts. However, since then, the price of Pi Coin has experienced significant volatility, falling to as low as $0.20 USD in 2022. This decline was driven by a combination of factors, including increased competition from other cryptocurrencies, regulatory uncertainty, and a decline in market sentiment. So, will $Pi Coin reach $3 USD again? While it's impossible to predict the future with certainty, there are several factors that suggest Pi Coin may have a strong chance of rebounding in the future. Firstly, the Pi Coin community remains strong and active, with millions of users around the world. This community has been instrumental in driving adoption and awareness of the coin, and is likely to continue to play a key role in its future success. Secondly, the Pi Coin network continues to evolve and improve, with new features and upgrades being added on a regular basis. This includes the recent launch of the Pi Coin decentralized exchange (DEX), which allows users to trade Pi Coin and other cryptocurrencies in a decentralized and trustless manner. Finally, the broader cryptocurrency market continues to grow and mature, with increasing institutional investment and mainstream adoption. As the market continues to evolve, it's likely that Pi Coin will benefit from increased visibility and demand. In conclusion, while it's impossible to predict the future with certainty, there are several factors that suggest Pi Coin may have a strong chance of rebounding in the future. With its strong community, evolving network, and growing mainstream adoption, Pi Coin may once again reach $3 USD or even surpass it. However, as with any investment, it's essential to do your own research and exercise caution before making any decisions.