The founders
of Three Arrows (3AC) have finally surfaced in Dubai after the fund went
bankrupt. They are hoping for a crypto super cycle while having no plans to put
into action in the event of a massive correction and the LUNA plummeting to almost
zero. So, even the largest funds with huge amounts of money under management
could not guarantee investors’ safety from poor management.
Aptos has
received another round of investments of $150 million. Aptos is trying to
revive the Meta (Facebook) project to widely deliver Web 3.0. The project was
put on halt after a series of unsolved issues with its regulation. Aptos is
building a blockchain that would make the
introduce of Web 3.0 appropriate, while existing networks fail to enable this
new protocol. Aptos may become a new superstar of the next bullish crypto cycle
if the project is successful. Thus, investors are especially attentive to such
projects. However, there are no guarantees of success, but active shilling of
the new blockchain and new Move language for developers are certainly not to be
ignored.
Bitcoin
prices spiked to the upper margin of the channel and then returned to the
inside. BTC prices are moving downward flagging a possible breakthrough of
$19,000 and to continue further down to $10,000. ETH surged more than Bitcoin
and returned to the channel. It is now moving towards $1090. The large spikes
of ETH prices may mean the coin could suffer more than Bitcoin.
Onchain
data signals to elevated interest from investors when Bitcoin prices are
approaching $20,000. However, this support level is not sustainable as crypto
enthusiasts may easily fall into the classic bullish trap that will leave them
without any money to defend this support level. The key to becoming successful
in the market is to preserve your sanity while other hot shots may be off their
rocker. There are no reasons for a stable rally of crypto assets now. The Bitcoin
price chart signals to a bearish market. So, adding cryptocoins to the
portfolio could be considered a rather emotional move.