Keshav Aggarwal (he/his/him)’s Post

📊 Market Snapshot #5 The crypto market is at -19% performance (based on our market data). Last week we saw an average performance of -23%. AAVE (a decentralized non-custodial money market protocol where users can participate as depositors or borrowers) is back in the hot spot this week! After being knocked off the top of the list by USDT last week, the coin claimed the top again with a 41% average performance over the past 30 days compared to a -2% average market performance for the same duration. We’ll be back next week with another market snapshot. 👉🏻 Follow us for updates

U.S. equity #Futures are slightly positive in early trading, signaling a continuation of optimism. The #MortgageMarket Index improved to 195.6, up from 192.4 the previous week, reflecting some activity in housing. The #EuroSTOXX 600 is up around 0.3%, while the #Dollar and #Gold have both risen. #CrudeOil is showing strength with a ~1% gain, and #Bitcoin has surged over 2%. The U.S. 10-Year #Treasuryyield is up, reaching approximately 4.44%. #Stockmarket #Finance #Crypto

#Bitcoin Most liquidity is still sitting above. This makes sense as price cleared everything from the past ~6 months during that early August dump. Key level to break is $65K as that would make a local higher high and likely lead to a move to take out that liquidity at $70K.

$5B stablecoin surge in a single week. And this isn't just crypto traders driving this demand... Here's what I've been seeing lately: → More traditional businesses adopting stablecoins for global payroll. → Cross-border transactions becoming even faster, even cheaper. → Finance teams reducing FX risk and fees. Stablecoins are literally bridging #TradFi and #DeFi faster than we thought. #Stablecoins #Web3

📉📈 Bitfinex's "Alpha" report predicts that this month's U.S. interest rate decision will heavily influence BTC's trajectory. A 25bp cut could boost BTC long-term, while a 50bp cut might spark a quick rise followed by an adjustment due to recession fears. BTC could bottom out at $40K-$50K post-cut, but the macro environment remains a wild card. Uncertainty reigns for traders! #BTC #FedRate #CryptoAnalysis #BitcoinPrediction

Crypto markets have come back to earth. Is this an overreaction to macro events or a pre-halving retracing? Our latest derivatives report is LIVE 1. $BTC drops over 15% last week 2. Funding/basis rates get crushed in crypto, dropping from 20% Ann. to ~12% 3. Options vols drop, steepening term structure and drastically reducing options skew Full report -> https://lnkd.in/eT8RqUVk

📊 Anonymous analyst "Trader Tardigrade" notes that BTC's recent movement mirrors a pattern seen before the 2019-2020 bull market, showing a descending broadening triangle similar to the one before BTC surged from under $10K to near $70K. Analyst Matthew Hyland adds that BTC may have found a bottom before a potential Q4 rally, a pattern seen in previous US election years like 2012, 2016, and 2020. 📈 #BitcoinWorld

📉 **BTC Forms Dead Cross, Short-Term Correction Possible!** Anonymous analyst Mags notes that the BTC/USD daily chart shows a dead cross below the 50-day and 200-day SMAs, signaling increased selling pressure from short-term holders. While this typically indicates a short-term correction, Mags reminds us that past dead crosses in July 2021 and September 2023 led to a 50% rise within four months. 📊🔍 #BitcoinWorld #CryptoAnalysis

❌MYTH: Stablecoins are just for holding. ✅REALITY: Being a stable store of value is only one of stablecoins' many use cases. Stablecoins can also be used for daily transactions, remittances, DeFi lending and trading protocols, etc. More real-world applications are emerging as well! There's too much misinformation about #stablecoins. What other #stablecoin myths have you heard? Comment below and let's bust them together😎 #StablecoinMythbusting #TUSD

Traders Union analysis on the #BTCUSD for May 31, 2024 ================================= 👉👉👉 https://lnkd.in/djaSzgdg ================================= 📊BTC/USD attempts to resume uptrend ✔️ After rising to $70,600 and then dropping to support at $67,200, #Bitcoin remains under selling pressure, trading within a broad range between the mentioned support and current $68,350 resistance. ✔️ Persistent bulls may break this resistance, pushing prices toward $68,850-$69,300. Losing support will lead to a decline toward $66,400-$66,200, where buying might resume. #bitcoin #bitcoinforecast #trader #trading #investing #forexmarket #forex #forexforecast #tradersunion #technicalanalysis #forexanalysts #traderanalysts