Apr 28, 2023

Binance Sees 50,000 BTC Increase as Bears Bet on $30K Price Ceiling

Cryptocurrency traders have been making moves as data shows tens of thousands of coins being transferred to exchanges.

As Bitcoin (BTC) continues to skyrocket, reaching multi-month highs, investors are feeling the urge to cash out. According to Coinglass, a on-chain monitoring resource, Binance, the global trading volume leader, has seen its BTC balance increase by 51,000 coins in the last 30 days. This is nearly double the amount of BTC that was on the exchange on March 10 when BTC/USD briefly challenged $20,000.

The past week has seen an even more significant increase of 22,000 BTC, with the combined total holdings of the exchanges tracked by Coinglass now at 1.919 million BTC.

The amount of funds entering the exchange’s wallets has caused some to bet on a $30,000 BTC price ceiling. DecenTrader, a trading suite, has noted that despite BTC/USD recovering from local lows to trade near $29,500 on the day, bets on $30,000 remain out of reach as support continues to pile up.

As the crypto market continues to grow, the use of Non-Fungible Tokens (NFTs) has become increasingly popular. NFTs are digital assets that are unique and cannot be replicated. They are used for a variety of purposes, including art, collectibles, gaming, and more.

The demand for NFTs has grown significantly, and as a result, NFT marketing has become an important part of the web3 space. NFT marketing is a type of promotion specifically designed to help companies and individuals sell their NFTs. It involves using various platforms, such as Twitter, to generate interest and exposure.

Twitter NFT marketing is one of the most popular methods of NFT promotion. It involves creating engaging content and using hashtags to reach potential buyers. It also involves connecting with influencers and other industry professionals who can help spread the word about your NFTs.

For those looking to get started with NFT marketing, there are a number of agencies and services available. These agencies specialize in web3 marketing and can help you create a strategy that will get your NFTs seen by the right people. They can also help you set up a website and other platforms to market your NFTs, as well as provide advice on how to price them.

In conclusion, the crypto market is booming and investors are taking advantage of the opportunity to cash out. The use of NFTs is also becoming increasingly popular, and NFT marketing is a great way to get your NFTs seen by the right people. There are a number of agencies and services available to help you get started, so if you’re looking to promote your NFTs, be sure to do your research and find the right service for you.

Disclaimer: All investment or financial opinions expressed by MoonLanding Media are not recommendations and are intended for entertainment purposes only. Do your own research prior to making any kind of investment. This article has been generated based on trending topics, has not been fact checked and may contain incorrect information. Please verify all information before relying on it.