The Binance burn mechanism permanently removes tokens from circulation, reducing supply and potentially driving price increases; historical data shows that significant burns (such as the 427 million burned in 24 hours) have preceded rallies of approximately 25%, though actual market performance depends on broader market conditions and investor sentiment.
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Deep Dive
LUNC to $1 is getting VERY REAL! Binance BURN will be HUGE!Added:
Terra Luna Classic is perched right now for another potential move. I'm going to show you on the charts. There's some consolidation happening right now. We're in a pretty good spot. I'm actually going to show you some previous parts of this chart so you can see exactly what's going on right there because I do think that we're just about set for a massive rally one more time. The question is what's the consolidation look like? How long is that going to take? And I have an estimate of it and the estimate is not nearly as long as we originally expected. And we're going to talk about that right after this jump. You guys are always asking me how I managed to grow my crypto portfolio every single day.
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All right, so, 427 million burned over the last 24 hours. We're about to get that big Binance burn. That big Binance burn is going to be about 5 to 7 billion. So, in order to really kind of assess what that looks like, let's go to the chart. If you remember here, we had this big run over here, uh and then that resulted in uh the burns, which right here, this is where the burn started.
So, this is where I think we're going to have a uh uh a little rally. And you'll see here that we were trading at around 40s 37 after This is Ian Allison. This is when they came on stage. This is when we had a huge volume of trade. Then we had the burn. The burn date was right here at 3037.
And then the rally percentage was 25% in a couple of day period because we had that magnificent sort of burn. So, what are we looking at right now? Well, we're quite a bit higher. Could we see 25%? I don't know that we're going to see a 25% rally based on it. Um also, market conditions have been unfavorable.
When we really talked about this just a few short days ago and we look at May the 5th, um we were at uh what is this?
3012.
But the market, the overall total market cap on the 12th was 2.7 right around 2.7 trillion dollars in market cap. Today it's 2.46. So, we've had a 10% drawdown in the entirety of the market. So, keep that in consideration. But uh we're going to have this burn. It's going to be announced in about 2 days. What does a 25% lift look like from where we currently are right now? Well, that puts us back at the top of the range that we are, uh which is 301.
Meaning that we could have a significant rally up to and including that sort of range. So, I'm not saying that we're going to go there, by the way. Just looks like on the charts based on historical moves and we have those crazy magnificent burns.
When we see that really start to happen.
By the way, don't forget over here we have this really big setup right in February because we still had good volume and we got another big burn over there. So, every time we get to the end of the month, that's when we start to see the the real breakout of burns.
We're going to see a bigger burn than what we've seen historically. Um it it it's every once in a while we get these big burns. So, what does it look like?
Well, this is a a significant area because it gives us the opportunity for that rally. So, uh again, 25% rally from where we are right now puts us right in that red box one more time. So, I suspect that we're about to have another big move. Again, just based on the historical moves that we've gone through before. DEX volume, oh, let's get into that. 4,700 for TerraPort. Again, people are still trading. 4,000 for Garuda.
1,600 for TerraSwap. Uh 1,000 for WETH.
So, it's not huge, but it is still active.
So, we're still seeing some interest.
We're still seeing some intrigue in the market. When we look at the overall, we're looking at $32 billion or $32 million in volume down 37%, but we're getting to the weekend, Friday, Saturday, Sunday, historically low days compared to uh what we hope for. So, uh again, I think we're getting in that rally zone. Now, the question, the biggest question is this.
What is Donald Trump going to do with the Iran conflict? We're going to call it a conflict.
Top Iran advisor blames the US on a stalled deal.
Iran Israel in the meantime is pushing deeper into Lebanon. Now, what does this mean? Means Donald Trump is deciding right now whether or not the deal that's in place, the framework, okay? US president met his advisors after officials confirmed the US and Iran had agreed to a framework of a deal. He's sitting on it for a little bit of time. He's about to make an announcement. So, what I would suggest is if you are in the market, then what I would say is this.
I believe that you should probably start watching those wallets, the insider trading wallets that we're all watching through uh through pick your Arkham Intelligence, wherever you're you're watching your Trump wallets. Start watching for them to make plays. If they make a play on any kind of market to the upside, something big is coming and it's going to be positive.
If they make a play on something to the downside, that means that the deal's going to be rejected. Um by the way, I'm I'm giving you the the the the clues to insider trading, but that seems to be the play right now for anybody who's in these markets. So, I would be looking for that, watching for that to see what happens.
Also, some good news here about staking.
Yesterday, we sat at around 892 893 billion. Today, we've spiked up to a little bit over 897 billion, which means that for some people their rally is over. The expected move up to the upside, which was going to give them a sell point, didn't quite work out, or they sold some. They decided they were going to hold out just to see what would happen. Nothing happens, so they put it back in. So, we're starting to see staking go back up. And if we see staking go back up, while at the same time we're in this pump phase, that's a great sign. That's a great sign that people are confident in the network, and that people are confident in what's going on, and that they believe that price appreciation is going to continue to happen, generally speaking. So, um let's see how this all plays out, but we're in a really good spot right now.
And then finally, no proposals up right now.
And that leads us to this.
Iran, if the deal is secured, I think we're going to have a nice weekend pump.
We'll see what happens on Monday. Um the the the market tends to do a reversal from what's obvious. So, um we we could see a continuation of a massive rally. The problem with that is very simple. Most people are taking a risk off approach right now, which is leaving crypto kind of in limbo towards the bottom of the range, because it's not as important uh in the investment world.
So, you'll probably see a spike in uh the Dow Jones, Nasdaq. You'll probably see that first. Then, I think we'll see a little bit of a crypto rally. Now, if we go back to 2.7 trillion dollars in market cap, that'll be money flooding back in. The rally will resume, and it will continue. That's going to be a great move for everybody in crypto, of course. What we need to see is we really need to see Ethereum start to take off cuz that represents DeFi. When you see Bitcoin catch a little bit more steam and move up back into that 80, 85, 86,000 before that rally starts to break us down. I do still think that we've got some lows coming in.
But the news, the news, if it's positive, should lead to a breakout in crypto to a pretty good upside. But let me know what you think in the comments down below. It's not financial advice.
Don't let me get you.
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