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$BTC / #Bitcoin - Update
This would be a classic weekend pattern to see on Bitcoin and would also fit my thought of us being in a wave 4 pattern
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BREAKING: Axios reports Silicon Valley Bank paid out annual bonuses shortly before the bank collapsed
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So many DeFi protocols with $USDC exposure are being affected by the de-peg.
$FRAX, $GMX, $GNS, $MKR just to make a few.
Not to mention the hundreds of protocols with USDC in their treasury.
DeFi flow-on effects could get nasty.
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JUST IN: Bybit #crypto exchange to suspend USD withdrawals via US bank wire transfer and SWIFT on March 10th.
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Hello Web3 ☎️
So you missed $UNI & $CAKE, the biggest DEX's of BSC & ETH...
What about the DEX for the King 👑of Crypto? #BTC
The @ALEXLabBTC on @Stacks might be the next big shot to being early in a mainstream DEX!
Let's dive deeper... 🧵/👇
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People you look up to are no smarter than you
These clowns made hundreds of millions and lost it all.
Next bull market you can do the same, it’s possible
CoinDesk@CoinDesk
SCOOP: @multicoin's hedge fund lost 91.4% in 2022, according to the firm’s annual letter to investors. The firm took steps to “mitigate counterparty risks” and set up a side pocket for assets impacted by the FTX bankruptcy. @0x_tracy reports trib.al/g3n0IXb
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Silvergate -15% after hours after delaying 10k filing,
"could result in the Company and the Bank being less than well-capitalized"
"investigations from our banking regulators, congressional inquiries and the U.S. Department of Justice"
sec.gov/Archives/edgar…
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How will this affect the market?
As alluded to in my original thread, I anticipate a large amount of creditors to either hold all or part of their original $BTC.
Read my full logic relating to price impact below. 👇
twitter.com/milesdeutscher…
Miles Deutscher@milesdeutscher
@JedMcCaleb @MagicalTux @BTCFoundation @RichardHeartWin 27/ Although the prospect of a $3b dump sounds scary, we must keep a few factors in mind. Firstly, not ALL creditors will sell their #Bitcoin. Some will continue holding. They have already seen multiple cycles, and lower $BTC prices makes selling a less-attractive proposition.
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There are 5 major crypto headwinds alarming the market right now. 🚨
• Mt. Gox 142,000 $BTC unlock
• Shanghai upgrade $ETH withdrawals
• Silvergate collapse
• Macroeconomic shift
• Regulatory crypto clampdown
🧵: Here's how each headwind will affect the market.👇
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$ILV #ILV @Illuviumio's
1d Log prices are currently FREE of a KEY resisting curve and may be in the early stages of an INSANE uphill run!
With prices free of this curve, the target is now at $500, meaning an over 720% uphill run TO MEET IT may be soon commencing!
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$ILV #ILV @Illuviumio's
1d Log prices showing MAJOR STRENGTH here and may still have a GREAT amount on the way as the target remains at $500!
With prices remaining/holding broken out, they can go on an over 540% run TO MEET IT and this may be the early stages of it 🔥!
JAVON⚡️MARKS@JavonTM1
$ILV #ILV @Illuviumio's 1d Log prices are currently FREE of a KEY resisting curve and may be in the early stages of an INSANE uphill run! With prices free of this curve, the target is now at $500, meaning an over 720% uphill run TO MEET IT may be soon commencing!
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$ILV #ILV #Illuvium's
1d Log prices are returning with signs of STRENGTH here and as they hold BROKEN OUT, there may be MUCH MORE COMING!
With prices holding broken out, the target at $500 remains, meaning an OVER 810% (9X+) RUN to reach it may be developing here!!!
JAVON⚡️MARKS@JavonTM1
$ILV #ILV @Illuviumio's 1d Log prices showing MAJOR STRENGTH here and may still have a GREAT amount on the way as the target remains at $500! With prices remaining/holding broken out, they can go on an over 540% run TO MEET IT and this may be the early stages of it 🔥!
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$ILV #ILV #Illuvium's
prices since the previous update have nearly DOUBLED (2Xed) and there can still be MORE coming for them as the target remains at $500!
With that target, Illiuvium can CLIMB AN ADDITIONAL +390% (4.8X+) from here to MEET IT and they may in the process!
JAVON⚡️MARKS@JavonTM1
$ILV #ILV #Illuvium's 1d Log prices are returning with signs of STRENGTH here and as they hold BROKEN OUT, there may be MUCH MORE COMING! With prices holding broken out, the target at $500 remains, meaning an OVER 810% (9X+) RUN to reach it may be developing here!!!
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New listing! 🆕
We are happy to share that Illuvium (#ILV), the token behind @illuviumio, is now listed on our platform.
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