December — Week #4
🤑 Markets
- Bitcoin's $100K Push Reveals Liquidation Zones: Bitcoin's recent surge to nearly $100K has heightened volatility, with a breach above $100K potentially triggering the liquidation of short positions and a rapid rally toward $110K, while a drop below the $90K support level could lead to significant liquidations of long positions[1][4]. The market's behavior is influenced by key liquidation zones, social sentiment, and technical support, with traders cautious about the path to maintaining upward momentum despite the bullish outlook[1][4].
- Binance Bitcoin Reserve Drops to January Lows: Binance's Bitcoin reserve has dropped to January 2024 lows, from over 630K BTC to nearly 580K BTC, a trend that historically precedes significant price rallies, such as the 90% surge seen after US BTC ETFs went live earlier in 2024[1][2][3]. This decline in reserve suggests investors are moving BTC to self-custody, indicating growing confidence in Bitcoin's long-term prospects and potentially setting the stage for a future price rally, with some analysts predicting a breakout above $105K[1][2][3].
📅 Bitcoin Events Coming Up
Catholic/Crypto Virtual Meetup
🗓️ When: January 13, 2025
📍 Where: Online
This virtual meetup, organized by the Catholic/Crypto Network, focuses on the intersection of faith and digital currency, specifically Bitcoin and crypto. The event is designed for individuals who are either devout Catholics or crypto enthusiasts, or both. It provides a platform for engaging discussions, networking opportunities, and potentially some friendly debates.
Bitcoin MeetUp | 2025 is here & the BTC Plebs are dead
🗓️ When: Upcoming in 2025 (exact date unspecified)
📍 Where: Prague, Czech Republic (Paralelní Polis)
Hosted by Paralelní Polis, this meetup is a gathering for Bitcoin enthusiasts to share ideas, discuss the future of Bitcoin, and prepare for upcoming challenges. It is a feel-good meetup where participants can connect with other Bitcoiners and engage in meaningful discussions.
🤔🤔 Wanna learn more? Check out the BLOCKTALK!