Hello inspired hustlers,
Ever dreamt of doubling your crypto wallet just by making the right moves?
That is exactly what we did in our recent 2K to 4K Spot Challenge.
But guess what?
We're not hitting the brakes; we're accelerating into the next big thing
Why Should You Join?
📈 Easy Wins: Picture this as your shortcut to doubling your crypto stash. Our strategies are like treasure maps leading you to gains.
🚨 Spot Signals: Ever wanted a crystal ball for the crypto market? Our real-time signals are the closest thing to it. Stay ahead of the game!
👥 Community Thrills: Join a squad of crypto enthusiasts. Share strategies, learn, and celebrate wins together. It's not just a challenge; it's a community journey.
📚 Learn as You Earn: No experience? No problem. Our challenge comes with educational resources to turn you into a crypto ninja.
Why Wait?
The 2K to 4K Challenge was just the warm-up. The 4K to 8K Challenge is where the real excitement begins.
Whether you're a seasoned trader or just curious about crypto, this is your golden ticket.
Don't miss the chance to ride the crypto wave and turn your 4K into 8K! 🌊💸
Ready for the challenge?
Sign up now and let the fun begin! 🚀✨
Why Did The Market Dip?
Last week was a bumpy ride, On Tuesday the crypto market just went through a bit of a storm. In the blink of an eye:
Total market cap dropped by 4.5%.
BTC fell by 5%.
ETH tumbled by 7%.
Many altcoins went down by 10% or more.
Now, let's see the drivers behind the chaos:
1. FTX's Big $1B GBTC Sale 💸
In a surprising twist revealed by CoinDesk, FTX’s bankruptcy estate sold a massive 22 million shares of GBTC, bringing over $1 billion in selling pressure over the past week.
Crazy, right?
FTX faced its end back in November 2022, and even after 14 months, its effects are still rocking the market.
The good news? FTX is done with GBTC, so, in theory, the selling pressure should calm down.
2. Liquidation of Leveraged Positions 🔍
When the market gets hot (like it has been for a while), investors get greedy.
And what do they do when they get greedy?
They dive into leveraged positions. Leverage can make gains bigger, but it can also make losses much worse.
Right now, it's the latter. Prices took a hit, causing about $300 million in leveraged positions to be wiped out in 24 hours, leading to even more price drops.
3. U.S. Stocks Stealing the Show 📈
While the crypto rollercoaster was happening, traditional markets were having their own party.
The Dow Jones Industrial Average went past 38,000 for the first time, and the S&P500 reached a new all-time high.
On top of that, it's earnings season, and big companies are sharing how well they did in the last quarter.
In the midst of all this, we stand strong. Cryptos have their way of moving, and every rollercoaster ride has its ups and downs.
Buckle up; the exciting ride isn't over!
Stay strong and hodl tight!
🎙️ Dive into Episode 5: Binance Mastery & Crypto Signals
Episode 5 of our podcast is live, and it's a game-changer.
We're delving into the art of setting up trades on Binance, unravelling the mystery behind successful trades.
What to Expect:
🛠️ Binance Mastery: Learn the ropes of one of the largest crypto exchanges. From creating an account to executing trades, we've got you covered.
📈 Crypto Signals Decoded: Ever felt lost in the sea of signals? Our experts break down the signals, helping you navigate the crypto market with confidence.
🤝 Community Insights: Join the conversation as we share tips, tricks, and success stories from our vibrant crypto community.
Ready to Level Up Your Trading Game? Tune in now and boost your crypto prowess! 🚀🔗
Join us in the 4k to 8k Challenge and get your financial freedom!
To your crypto success,
Zain from Team Inspired Analyst
-Signing off!
Disclaimer: The content in this newsletter is for educational purposes only and should not be considered financial advice. Cryptocurrency trading involves risk, and past performance is not indicative of future results. Before making any financial decisions, conduct your research and consult with a qualified financial advisor. Use the content at your own discretion and risk. This is not financial advice.