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Time to Buy $BTC? Open Interest is Almost Like #Bitcoin at 58k Open Interest for 7 days change is under deleveraging area. What does that mean? When the OI ratio's change for 7 days down to the section, that means we can define the time to buy. Since August 2024, we have been observing one of the deepest areas in the Crypto Market To remember, at this time (2024 Aug), #BTC's price was around 58 - 60k. After that, the price goes up to ~106k

Robert Sasu on X emphasizes the strengths of Proof-of-Stake (PoS) over Proof-of-Work (PoW). PoS dominates across security, decentralization, and economic efficiency. While PoW allows open participation, Delegated Proof-of-Stake (dPoS) also enables accessibility with minimal initial capital. However, broader distribution remains necessary for credibility. Enhanced governance, akin to Switzerland’s model, could improve decision-making and encourage participation. Blockchain’s power lies in decentralization , automation, and provable history. Consequently, cryptocurrency emerged from blockchain rather than vice versa. More development and public involvement are essential to maximize its potential. Justin Bons asserts that PoS outperforms PoW in all aspects. It offers superior security, fairness, and economic sustainability. He questions why PoW chains remain relevant when PoS technology has advanced significantly. Many still support PoW, possibly due to financial interests rather than logical reasoning. Despite PoW’s historical significance, PoS provides a more scalable and efficient framework for blockchain networks. The blockchain development team from Iron Fish was purchased by Base, a Layer 2 initiative supported by Coinbase. The acquisition is intended to increase Base’s ecosystem’s privacy. Zero-knowledge proofs, or zk-SNARKs, are utilized by Iron Fish, a proof-of-work blockchain with a privacy focus , to facilitate private transactions. The acquisition does not include Iron Fish’s blockchain or native token. Instead, it focuses solely on integrating the development team’s expertise into Base. This ensures Iron Fish remains independent while benefiting from Base’s privacy initiatives. Iron Fish confirmed the transition on X, stating its commitment to scaling privacy solutions. Founder Elena Nadolinski will retain her position on the Iron Fish Foundation board. This implies Iron Fish’s governance remains intact despite the team’s transition. Iron Fish launched its mainnet in 2023 after two years of incubation. However, it failed to fly. It raised $28 million in 2021 with support from Andreessen Horowitz to develop its privacy blockchain. Nevertheless, adoption problems were still present despite the capital. This acquisition marks a strategic shift for the Iron Fish team. It allows them to contribute privacy-preserving primitives to Base while maintaining Iron Fish’s autonomy. As blockchain privacy solutions advance, this move signifies a broader industry focus on security and user protection. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

The history of cryptocurrency is marked by episodes where volatility defies market logic. Solana (SOL), one of the most promising blockchain ecosystems, is currently undergoing a period of intense fluctuations. While its price has seen a marked decline in recent days, its trading volume has experienced a spectacular surge. Over $5.18 billion has flowed through the platforms, a movement that intrigues as much as it worries. This resurgence of activity reveals a complex dynamic where financial losses and hopes for recovery intertwine. In the past week, $40 billion in value has evaporated from the Solana market, a decline that has pushed its price below the $137 mark, representing a decrease of 4.35 % in just 24 hours. Indeed, the market capitalization of the asset has fallen by 2.90 %, or $70.24 billion. This bearish context has led to increased nervousness among investors, prompting some to liquidate their positions to limit their losses. Yet, despite this pressure, Solana is experiencing a spectacular resurgence in activity. Trading volume has jumped by 10.25 %, exceeding $5.18 billion across major trading platforms. Such intensity reflects a dual phenomenon: strong speculation driven by uncertainty and a bold bet by some traders who anticipate a rebound. This type of volume during a correction can be a signal of capitulation or strategic repositioning. Experts believe that Solana may be oversold, a factor that could trigger a rebound in the coming weeks. Its relative strength index (RSI) indeed suggests that the asset might enter a bullish correction phase. Historically, periods of significant declines have often preceded marked recoveries on cryptos in consolidation phases. In parallel, external factors could influence the trajectory of SOL . Its potential inclusion in the United States Strategic Crypto Reserve fuels speculation about increased institutional adoption. The other major development is the project of SOL futures by CME Group, a key player in derivative products. Such an initiative could facilitate the approval of a Solana ETF, which would open the door to a new wave of institutional investors. While the surge in trading volumes reflects market resilience, it does not erase the uncertainties surrounding Solana. The asset is at a key moment where every decision from investors and regulators could influence its future. Between technical overselling and potential catalysts, the coming weeks will be decisive. Is Solana poised to rebound or continue its descent? Only the next market movements will answer this question, but one thing is for sure: investor attention is more focused than ever on the evolution of this ecosystem.

monthly open is 84352.5 do what you wish with this information $BTC

DXY flat open should be pretty clear DOL for next week.