Big week in front of us CPI data coming!

10.07.2023

Dear traders,

This week on market CPI is realised and we could see pump of the US dollar and possible push back for market.

Jake
TOP Trader

BTC slowing in momentum but still in trading channel 29.500 -31.200$ and next big move is expected this week. Significant liquidity can be found around $27,000 to $26,000, which is the market’s main target.

ETH trading and mid-channel line at 1870$ without any bigger moves. There is still a lack of volume for a bigger push. It is still in danger before the next leg down.

XRP still trade above support at 0.46 and the downtrend line is still strong. To break above and continue the upward momentum, a substantial increase in volume is required.

LINK hit strong support at $6 and needs to hold above it for a bigger push-up and bullish continuation. Nevertheless, it presents a good opportunity for spot buying and holding.

SOL strongly push above resistance at 20$ and showing momentum if menage to hold above 20$ for the next push-up. However, it still remains a favorable option for long-term investment.

EOS has encountered strong resistance as predicted and continues to decline towards $0.7, a major support level. Despite this, it remains a viable option for long-term spot buying.

LTC is slow in its push and dropped strongly to $95. The next support target is $90, and it needs to hold it. Additionally, in 30 days, LTC will undergo a halving event, which is expected to result in a notable price increase due to a reduction in mining supply. This presents an excellent long-term investment opportunity!

DXY drop from 103 resistance and now try to break 102.5 to get push up.

Crypto/stock daily news:

WHALE WATCHING: A PEEK INTO $10M+ WALLETS

We have one motto here… Keep It Simple™.
That’s why we keep the pizza hot, the milk cold, and the crypto trades basic.
But every once in a while, we wanna get the adrenaline pumping. That’s when we look to make a crypto bet.
Sometimes it’s a degen bet. (i.e. high-risk, high-reward bet. WARNING: not for the faint of heart.)
Other times, it’s an educated gamble.
But before making any bet, we always do one thing: whale watch. (i.e. see what other crypto whales are investing in)
So we sent Trader Jake out to do some research. There was only one requirement… the whales needed to have $10M+ in their wallet. BDE (big dollar energy) only.
Let’s dive in…

In total, we looked at 6 whale wallets that held a combined $180M.
Here’s a quick peek at the 3 most interesting ones:
1. EverydayWhale ($21.5M in assets)
This wallet is doing 3 big things…
• Lending tokens out on Maker (a DeFi platform). In total, the whale has lent out $15M+worth of stETH and is getting a small % interest on it.
• Providing liquidity to decentralized exchanges like Uniswap. The whale put ~$7M into Uniswap v3’s liquidity pool. In return, the whale gets a small slice of each trade.
• NFT loans on platforms like NFTfi and Blur. They’ve supplied $1M+ in NFT loans (i.e. the whale supplies ETH and in return, they get an NFT as collateral.)
This whale is all about yield farming and getting those juicy returns.
2. Ethereum ($19.3M in assets)
This was the most diverse wallet we saw. It was also the only one that had its assets spread across
4+ blockchains.
• 57% of assets are on Ethereum (ironically it had the least % allocated to Ethereum out of all the wallets we looked at, even though the name of the wallet is Ethereum)
• 31% of assets are on Arbitrum
• 4% of assets are on Avalanche
• 4% of assets are on BNB Chain
• 3% of assets are on Optimism
But no matter the chain, this whale is doing the same on them all… yield farming.
They’re either staking, lending, or providing liquidity on a ton of different protocols. Check it out.

3. No name wallet ($58.9M in assets)
This wallet didn’t have a “name” so we’re calling it Vin Diesel.
Why? Because this mfer is Fast & Furious when it comes to crypto trading.
They make a lot of trades and invest in a sh*tton of tokens. (60+ tokens in the wallet)
They also try to stay “liquid” and don’t lock up their tokens. (i.e. they don’t stake, lend, etc.)
Here are some of the biggest holdings:
• $10.3M in ETH
• $8.4M in SHIB
• $2.6M in VRA
• $1.4M in SAND
• $1.2M in FTM
This wallet is by far the riskiest one we’ve come across and is now in the lead for Degen Whale of the Year.

FAST NEWS:

• Kraken re-introduces Kraken Pro for traders. The offering allows traders of all shapes and sizes to level up their trading through a clean user interface, advanced tools and analytics, and full customization.*
• The first U.S. leveraged BTC futures ETF has seen more than 500K shares traded since launching last week. Name a better debut…
• It was SBF that pulled out of that $100M sponsorship deal with Taylor Swift, and her team actually signed before he backed away. So much for “due diligence.”
• Bitfinex (crypto exchange) recovered $312K+ in cash that was stolen in a 2016 hack. Alexa, play Bitch Better Have My Money
• Galaxy Digital’s CEO said he wants to expand the business overseas. Anotha one…