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AltcoinsApproaching Breakeven 946000 BTC Wall Significantly Impacting Bitcoin and Crypto Market

Approaching Breakeven 946000 BTC Wall Significantly Impacting Bitcoin and Crypto Market

A colossal 946,000 BTC wall is inching closer to its breakeven point, thanks to recent declines in the price of Bitcoin (BTC) and the looming threat of panic selling. This pivotal moment could have a significant impact on the price of Bitcoin and other cryptocurrencies. In these uncertain times, investors may want to explore more lucrative investment opportunities, such as ETFSwap (ETFS), to diversify their portfolios and maximize returns.

ETFSwap (ETFS) stands out as a decentralized platform that enables users to trade and invest in cryptocurrencies and exchange-traded funds (ETFs). By offering direct access to a wide range of institutional tokenized ETFs, including cryptocurrency spot and futures ETFs, ETFSwap (ETFS) helps investors manage risks effectively. Leveraging blockchain technology, the platform streamlines trading processes and ensures security, anonymity, and transparency. Notably, its smart contracts have undergone a comprehensive audit by CyberScope, a reputable authority in the crypto industry, confirming the platform’s robust infrastructure and resilience against cyber threats.

One distinctive feature of ETFSwap (ETFS) is its non-KYC policy, allowing customers to enjoy enhanced privacy, flexibility, and full control over their accounts and investment assets. To incentivize users, ETFSwap (ETFS) offers a range of trading bonuses, including monthly token airdrops, up to 10x leverage on trades, an 87% APR yield, and up to 50x leverage on perpetual futures and options trading. Furthermore, traders can benefit from 24/7 risk management services, reduced fees, efficient ETF management, lower transaction costs, and round-the-clock platform access.

In addition to trading, investors can participate in staking on the platform by purchasing ETFS tokens during the ongoing second presale. Staking tokens allows investors to earn passive income and access exclusive benefits, such as voting rights to shape the platform’s ecosystem and development processes. With ETFSwap’s public sale currently underway at a discounted price of $0.01831, early investors have the opportunity to capitalize on potential returns and explore tokenized ETF trading opportunities.

On the other front, reports suggest that over 964,000 Bitcoin (BTC) holders are approaching breakeven as the cryptocurrency’s price struggles below the $71,000 mark. This bearish trend could potentially lead to panic selling among large-scale BTC holders, impacting the broader crypto market. Analysts point to key support zones between $69,380 and $67,350 as critical levels for Bitcoin to maintain for any chance of sustained upward momentum.

As the market faces increased volatility and selling pressures, investors may find solace in safer investment options like ETFSwap (ETFS), offering a compelling opportunity to trade institutional tokenized ETFs and capitalize on potential profits. The ongoing presale has garnered significant interest, reflecting the growing demand for innovative investment solutions in the crypto space.

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