Weekly Pill — Volume 019
TL;DR
- ETH ↓6.8% to $3.5k and BTC ↓4.2% to $66.9k
- ETHBTC ↓4.1% at 0.053
- How to Leverage eBTC rewards
- ETH and BTC levels to watch
ETH/BTC Market Snapshot
After approaching ATHs last week, the market is consolidating early this week. ETH is down 6.8% to $3.5k and BTC is down 4.2% to $66.9k. As a result, ETHBTC is down 4.1% to 0.053
Leveraging eBTC
In case you missed it, last week we covered a smart money whale who has taken advantage of the many rewarding opportunities in eBTC to make thousands👇
Dose of ETH
On red days like today, it’s always good to reflect on a longer term time scale. TraderMercury gives us a dose of hopium.
Altcoin Sherpa‘s analysis on ETHBTC technicals at the moment and surprisingly bearish 200W EMA. Despite believing ETH is going to all-time highs, it’s less clear whether the bottom for ETHBTC is in just yet.
Dose of BTC
Despite the negativity on the timeline, Scott Melker notes that today’s drop in BTC simply returns us to the equilibrium of the range we’ve been in since mid-March.
A wallet holding 8,000 BTC, dormant for 5.5 years, has come back to life.
The HODLer witnessed a 17.5x increase from $3,800 to $66,600 today, earning hundreds of millions in the process.
Security Spotlight
Security doesn’t stop at launch. Badger is running a post-launch bug bounty with Immunefi for up to $100k.
