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Glassnode Says Bitcoin Decline Is Due To Weak Spot Demand, Here Is What It Means

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Bitcoin’s (BTC) bearish price action and steep declines over the past month of its trading can be attributed to weaknesses in its spot demand, as revealed by data reports from Glassnode 

Meanwhile, the ETFSwap (ETFS) DeFi token, selling at $0.01831 in its viral ICO, is forecasted by veteran analysts to surge 9,000% in the coming weeks, as its spot demand data from Glassnode show it to be at its highest peak. 

Bitcoin (BTC) Could Plunge Further With Weaknesses In Spot Demand

Top market intelligence firm Glassnode recently analyzed Bitcoin (BTC) Cumulative Volume Data (CVD) to estimate the current net balance between buying and selling in the BTC spot market. Glassnode data reports on Bitcoin (BTC) spot demand showed consistent net-sell side pressure from when it broke $70,000 and hit all-time highs in March 2024.

Bitcoin (BTC) trading at $59,200 could experience further downward momentum after Glassnode data revealed BTC has a negative CVD, indicating weakness in its spot demand in the crypto markets. However, despite Bitcoin’s (BTC) choppy price action, which has affected the price growth of several cryptocurrencies in the crypto markets, the ETFSwap (ETFS) ICO token trades among top gainers as Glassnode data reveal a massive demand for its viral presale token.

ETFSwap (ETFS) Set To Rally 9,000% As Glassnode Reveals Surge In Demand For Presale Token

ETFSwap (ETFS) viral ICO offered at a cheap $0.01831 is almost sold out as data reports from top market intelligence firm Glassnode reveal massive demand for the ETFS token touted by analysts to surge 9,000% when it launches in the coming weeks. 

ETFSwap (ETFS) guarantees the best pathway to make life-changing gains in the crypto markets through its ultra-modern DeFi platform that allows smart ETF traders and investors to seamlessly tokenize their real-world assets (RWA) and trade them on-chain. Smart crypto investors get settlements of their tokenized funds and investment profits at lightning speeds when they request redemption on the DeFi platform. 

The DeFi platform is open 24/7 and allows small traders and investors to become crypto millionaires when they trade its high ROI tokenized ETFs. Some tokenized ETF investments that investors can leverage to make life-changing money include commodity, leveraged, market, spot Bitcoin, spot Ethereum, equity, and bond ETFs, among others. Smart crypto investors and traders can use a 100x leverage to trade these tokenized ETFs on the  DeFi platform and scale returns up to 50,000%. They can also trade futures and perpetual contracts of volatile and high ROI cryptocurrencies such as Bitcoin (BTC) on the DeFi platform. 

Some unique perks of the ETFSwap (ETFS) DeFi platform include its AI-powered tools, mouthwatering trading discounts, low trading fees, and ETF staking functionality. ETFSwap (ETFS) users can stake their tokenized ETFs and no provide liquidity to the DeFi platform to earn passive income and rewards of up to 87% APR in staking yields. Smart crypto traders and investors can also swap multiple cryptocurrencies in DeFi mode. The DeFi platform provides crypto users with real-time and updated coverage of the crypto markets. They also get customizable trading tools and strategies tailored to their investment needs.  

ETFSwap (ETFS) ranks among the top 5 DeFi platforms in the industry that are the most secure. Its DeFi platform smart contracts are audited by top global security firm CyberScope, which report it as free of vulnerabilities and malware attacks. The team has also completed KYC with SolidProof to back their authenticity.

Conclusion 

ETFSwap (ETFS) viral presale token selling at $0.01831 is the next big thing in the crypto industry that is programmed to melt faces with a 9,000% rally after Glassnode data reports revealed its spot demand to surpass Bitcoin (BTC) 

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

The post Glassnode Says Bitcoin Decline Is Due To Weak Spot Demand, Here Is What It Means first appeared on BTC Wires.



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Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

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By&nbspClark

ArbitrageScanner is the best arbitrage bot for traders and the best tools for on-chain analysis in our opinion. The service is already recommended by tier-1 crypto media and clients of the service who earn from $50,000 per month using the tools. But what else is ArbitrageScanner good for? 

The team has been hosting closed side events around the world for three years in a row – the next one will take place on 24-25 October in Dubai, right after the BlockchainLife conference. Whether you’re new to crypto or a pro, you need to be there. These events don’t come along very often and the information and new acquaintances will help you increase your knowledge of crypto and add further profits to your portfolio. 

Why should you choose ArbitrageScanner over other similar services? The reason is simple – no other service can compare with it. Our editorial team has prepared a small review of the ArbitrageScanner tools, as well as the reasons why you should definitely attend the event in Dubai, which will take place in a month’s time. 

Why do crypto whales from all over the world come to an ArbitrageScanner event? 

The biggest advantage is that at the event you will be able to find profitable cases of making money in the market, including with the help of blockchain analysis, and discuss the latest market insights and trends. The team and clients of the service will share practical knowledge that will help you competently assess the market, find profitable wallets and make money.

Attendees will have access to one of the most popular side events as well as the Arbitrage Scanner service and all its tools. The company has an excellent reputation among its competitors, backed up by numerous positive customer reviews. Last year the team organized three major events in Dubai, Istanbul and Bangkok, attended by crypto trading whales, Arbitrage Scanner clients and other influential representatives of the web3 industry. The most important representatives of the crypto industry gather here: 

  • Traders and investors who have experienced the ups and downs of the market. These events have not prevented them from amassing fortunes worth millions of dollars;
  • Managers of cryptocurrency exchanges and investment funds – there are likely to be interesting insights;
  • Experienced users of the service, whose cases will be analyzed in detail. 

2 days of networking with the strongest players in the market in a luxurious location with a swimming pool, food, drinks and unlimited hookah. Entry to the event is by ticket only, so there will be no random people among the attendees – only VIP guests and current clients of the service. 

There are several ways to get to the event from ArbitrageScanner:

  • Ask service support for a free pass if you are an ArbitrageScanner user;
  • Media representatives and bloggers will receive a free pass for publishing promotional material on their resources; 
  • Buy a pass on the ArbitrageScanner website. If you buy a Business Pass, you will be able to attend the first day of the event. If you purchase a VIP Pass, you will have full access to the event and will be able to consult with service representatives on any questions you may have. Food and drinks are included.

The number of free tickets is limited, so there will be people who can’t make it to the event. In our opinion, you should purchase a VIP pass to get the most out of this event. 

In addition, those who buy a ticket to the event will receive a subscription to ArbitrageScanner, which will allow you to recoup the money spent and ask representatives of the service to help you set up the tools.

Let’s focus on the service’s 4 main products:

  • Arbitrage Screener. Selects profitable spreads for users on the spot market. You can configure exchanges and coins, as well as a blacklist of coins where the bot will not search for spreads.

Let’s look at a case where an ArbitrageScanner client earned 1500 SUI tokens using cryptocurrency arbitrage with coin hold. Using the scanner, he received a telegram notification from the scanner that there was a spread between Binance and a number of other exchanges. The customer checked the prices on the various exchanges and saw that the price on Binance was higher than the Bybit exchange. The customer sold a total of $2,467 worth of tokens on Binance and bought the same amount on Bybit, but at a price of $1.1. Thanks to the price difference, the client earned $870, although the number of SUI coins remained the same. A clear example of how cryptocurrency arbitrage can earn you more than $800 in a few minutes. Read more about the case study here

  • Futures Screener. Picks up spreads between the spot market and futures: the strategy is to converge the price between the two markets. First you have to buy a spot coin cheaper on one exchange and then buy a futures coin with 1x leverage on the other and more expensive exchange. When the price converges on both markets, the trades are closed and you take your profit. Now the spot + futures strategy is the most profitable and safest. 
  • Search for wallets using filters. Allows you to find wallets by token, blockchain, interaction date, ROI, winrate, minimum profit and volume. Great for those who want to rely on statistics for multiple wallets rather than trusting one;
  • AI wallet search. The neural network finds wallets similar to the one you specify. With over 512 search criteria, the AI will find exactly what you want; 

The platform also regularly publishes case studies of users earning with the tools presented. Here is one of them: a user earned 40% or $14,000 in 24 hours by tracking the wallet of a market whale using ArbitrageScanner tools and repeating his actions. He focused on analyzing the PENDLE token and found a wallet with a winrate of almost 60%. The owner of the wallet turned out to be an insider and the user copied his trades and made a decent profit.

You can analyze the wallet here – here.

These are not all the tools presented on ArbitrageScanner. We suggest you to remember other services for cryptocurrency arbitrage and on-chain analysis: Duna, Santiment, Spot On-chain and others. Does any of them offer such a large number of tools to make money with cryptocurrencies? No, that’s why our editorial team chose ArbitrageScanner. 

Benefits of ArbitrageScanner 

Now let’s talk about the benefits that users choose the service for:

  • Lack of API connection. Many sites literally require an API connection, but not ArbitrageScanner – the bot is completely manual, and this is an additional security for users: there is no risk of stealing funds using the API; 
  • Only up-to-date information. Arbitrage spreads are monitored every 2 seconds and users are notified in real time. The same applies to wallets – all information is taken from the latest records in the blockchain;
  • All notifications are sent to Telegram, allowing ArbitrageScanner users to keep their finger on the pulse;
  • An affiliate programme where you get 50% of the subscription of each referral. For example, if he buys a Platinum Plan subscription for $400, you get $200;
  • Free training, tutorials and case studies to answer any questions that may arise.
  • Offline events where you can share experiences, gain knowledge and make new contacts.

If you’re a beginner and don’t know much about arbitrage, the ArbitrageScanner team will be on hand at the event to help you take your first steps in blockchain analysis and cryptocurrency arbitrage. The team will help you set up filters, show you how to search for profitable wallets and look for large spreads. If you can’t make it to the event, buy a subscription to the service – you’ll get free training and practical cases to work with immediately after purchase.

ArbitrageScanner is a market leader that continues to build a strong community. Users of the service are already making x10-30 on their initial capital, so don’t stay away, and better yet, come to the ArbitrageScanner VIP event, which will increase your understanding of making money with cryptocurrencies! 

Clark

Head of the technology.

#Press Release

This is a paid press release. Btcwires does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company.





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Crypto Analyst Reveals High Expectations For BABYDOGE, Celestia (TIA), And ETFSwap (ETFS)

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Recently, a crypto analyst has highlighted three tokens that are generating considerable buzz, these includes; Baby Doge Coin (BABYDOGE), Celestia (TIA), and ETFSwap (ETFS). Each of these tokens has unique features and potential for growth, but ETFSwap (ETFS) stands out due to its innovative approach and standards.

ETFSwap (ETFS): Poised For Substantial Returns 

ETFSwap (ETFS) is poised for remarkable growth, currently in its Stage 3 presale. This innovative platform offers market-making and perpetual trading services, allowing users to trade assets without expiration dates. The flexibility and liquidity provided by ETFSwap (ETFS) make it an attractive option for traders of all levels. With position sizes of up to 50x, investors can engage in both long and short options directly from the platform, maximizing their trading potential.

One of the standout features of ETFSwap (ETFS) is its commitment to security and privacy. The platform employs zero-knowledge (ZK) proof technology, to guarantee that transactions remain confidential and secure. Additionally, ETFSwap (ETFS) has completed KYC requirements with SolidPROOF, demonstrating its dedication to transparency and safety. By integrating blockchain technology, ETFSwap (ETFS) improves trust and reliability, making it a solid choice for investors seeking a secure trading environment.

The integration of traditional finance principles with DeFi sets ETFSwap (ETFS) apart. Investors can diversify their portfolios by trading ETFs from various sectors, and gaining exposure to technology, healthcare, and more. The permissionless access to institutional ETF assets further enables the platform’s appeal, allowing users to trade globally without intermediaries.

ETFSwap’s advanced trading tools, including the ETF Tracker and ETF Screener, empower investors by providing real-time market data and insights. This capability enables users to create customized trading strategies, improving their decision-making process. With 24/7 market coverage, ETFSwap (ETFS) makes sure that investors can seize opportunities whenever they arise. All these features emerged ETFSwap (ETFS) as the top pick for substantial return by the crypto analyst.

Baby DogeCoin (BABYDOGE): A Community-Driven Token

Baby Doge Coin (BABYDOGE) has emerged as a notable player in the cryptocurrency market, drawing attention for its community engagement and charitable initiatives. Launched in 2021, Baby Doge Coin (BABYDOGE) is often described as the “little brother” of Dogecoin, capitalizing on meme culture while carving out its niche. One standout feature of Baby Doge Coin (BABYDOGE) is its passionate community, which actively promotes its mission. A significant portion of Baby Doge Coin (BABYDOGE) transaction fees is allocated to dog rescue efforts, resonating with animal lovers. The token employs a deflationary mechanism, increasing scarcity over time, which attracts investors seeking price appreciation. As more merchants accept Baby Doge Coin (BABYDOGE), its utility grows, enhancing its value. Future developments may include partnerships and additional charitable initiatives. However, Baby Doge Coin (BABYDOGE) represents a movement driven by community, charity, and fun, making it a unique investment opportunity.

Celestia (TIA): Revolutionizing Blockchain Scalability

Celestia (TIA) is a modular data availability network that transforms how blockchains are launched. By simplifying the process, Celestia (TIA) makes blockchain technology more accessible and user-friendly for developers and users alike. Unlike traditional blockchains that manage multiple functions, Celestia (TIA) specializes in specific roles, which enables scalability, flexibility, and interoperability. This specialization allows developers to focus on building efficient blockchain applications tailored for mass adoption. 

With Celestia (TIA), the complexities of launching a blockchain are significantly reduced, enabling faster development cycles. Celestia’s architecture creates a cohesive ecology for several chains. Additionally, Celestia (TIA)  stands out when it comes to blockchain innovation and accessibility. However, Celestia (TIA) empowers developers, enabling the next generation of decentralized applications and making it important to the blockchain ecosystem.

Conclusion

While Baby Doge Coin (BABYDOGE) and Celestia (TIA) offer more opportunities, ETFSwap (ETFS) stands out as a compelling investment option. Investors looking for promising opportunities should consider getting involved in ETFSwap (ETFS). In the meantime,  ETFSwap (ETFS) presale tokens are selling fast, so buy yours now at $0.03846 before they become available on exchanges.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

The post Crypto Analyst Reveals High Expectations For BABYDOGE, Celestia (TIA), And ETFSwap (ETFS) first appeared on BTC Wires.



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Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

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By&nbspClark

RCO Finance (RCOF) is revolutionizing crypto trading with its AI robo advisor, allowing new traders to hit the ground running as quickly as possible. 

This article will explain how the robo advisor works and how traders can use it to make 100x returns. 

RCO Finance’s AI Robo Advisor Explained

RCO Finance’s AI robo advisor is a revolutionary feature that improves trading outcomes using advanced algorithms and machine learning techniques. These algorithms help identify ideal trading opportunities in the various markets and convert them to actionable insights. 

Traders on RCO Finance’s decentralized trading platform can then use these insights to profitably trade either of the over 120,000 assets on the platform. These suggestions also help new traders master trading quickly, helping them earn significantly higher profits.

Furthermore, RCO Finance’s trading platform charges low fees, offers up to 50x leverage, bypasses brokers, and gives traders complete autonomy. 

Additionally, real-world assets, such as stocks, commodities, bonds, real estate, etc., are part of the assets available on the exchange. 

RCO Finance’s Other Innovative Features

In addition to the AI robo advisor and decentralized trading platform, RCO Finance offers other transformative offerings, including the debit card. This card is linked to ownership stakes on DeFi protocols and exchanges and allows holders to complete transactions within decentralized and traditional systems. Cardholders can also convert crypto to fiat currency with it. 

Another is the Pre-DO feature that allows users to trade decentralized derivatives like futures, options, and swaps in a secure environment. 

Furthermore, RCO Finance lets traders lend their crypto assets and earn interest. They can also use their crypto tokens to provide liquidity for trading pairs or facilitate the protocol’s market-making duties on other exchanges. 

Importantly, the no-KYC policy protects users’ privacy and anonymity. SolidProof, a reputable European audit firm, has also audited the smart contracts that power the protocol, ensuring stability, security, and reliability. 

RCO Finance’s Tokenomics And Presale

RCOF is RCO Finance’s native token, with a tidal supply of 800 million. 50% of this supply goes to public sale, 20% to ecosystem development, and 12% to liquidity/market-making. 

Marketing and private sales receive 5% each, the team gets 4%, and advisors receive 2%. The final 2% is allocated to ecosystem rewards. 

RCO Finance’s presale has stood out for its massive gains. These guaranteed gains have attracted investors and helped the protocol raise almost $2.5 million. 

RCOF is currently sold for $0.0343 in Stage 2 of the presale. The token will rise by 62.7% to $0.0558 in Stage 3 and gain a whopping 1,649% when it reaches $0.60 after the presale. 

Finally, RCOF has a vesting period to ensure long-term price stability and prevent dumping. Team, liquidity, public and privale sale tokens will be locked for varying periods and released gradually or after a specified period. 

Invest In RCO Finance And Become A Stakeholder In The Crypto Trading Revolution

RCO Finance’s crypto trading revolution is open to all. Any trader can start trading crypto and RWAs on the exchange without owning RCOF. 

However, buying RCOF comes with a few advantages and privileges. One advantage is the huge profits that can be made from holding RCOF. The token is currently sold for $0.0343 in Stage 2 of the presale and will rise to $0.60 by launch, giving early investors an astounding 1649% profit. 

Other benefits include significant discounts on trading fees and voting rights on governance proposals. Token holders can also earn extra income by staking RCOF at an APY of 88%. 

Additionally, RCOF holders get a share of the platform’s revenues as dividends. Dividends range between 1% to 6%, depending on the number of tokens held. 

Become a key member of the crypto trading revolution today by purchasing RCOF and enjoy special privileges.

For more information about the RCO Finance Presale:

Visit RCO Finance Presale

Join The RCO Finance Community

Clark

Head of the technology.

#Press Release

This is a paid press release. Btcwires does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company.





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