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- 🚀 Gate Square Newbie Village · Episode 1 ✖️ @Ryakpanda Community
Let’s cheer on crypto beginners together!
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If merchandise cannot be shipped, it will be replaced with a $30 Futures Voucher
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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas, - 🌕 Gate Square · Mid-Autumn Creator Incentive Program is Now Live!
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Bitcoin is on an upward move: It has exceeded more than just the bear! - Coin Bulletin
According to the analyst, despite (BTC) experiencing one of the highest selling pressures in recent years, managing to maintain its price level may herald upward movements.
Bitwise Europe Research Director André Dragosch stated in a post on February 10th that Bitcoin faced the highest daily selling pressure since the collapse of Tree Arrow Capital (AC) in spot trading, but noted that the price is still close to $100,000 and implied that we could see upward movements in the coming days as the selling pressure subsides.
According to Dragosch, this situation shows that the market is now weakening on the selling side and that Bitcoin's resistance continues.
It could be a bull sign
Bitcoin, last experienced selling pressure at this level during the 3AC crash in June 2022. At that time, large sell-offs caused sharp declines in price. However, currently, Bitcoin is maintaining its price despite significant sales.
Dragosch interprets this as **"seller exhaustion" and notes that this could be a sign of upward movements in the price of Bitcoin in the future.
According to CoinGecko data, Bitcoin finds buyers at 97,342 dollars.