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- 【Gate Daily Market Digest】📊
Unlock today’s key crypto market insights at a glance!
Top Gainers⭐️ $SNAKEAI $YBDBD $BASEPTL $FPFT $TMAI
Trending Coins🔥 $YBDBD $LAUNCHCOIN $SPX $MIRAI $ANIME
#FearGreedIndex# #TopGainers#
- #May CPI Incoming#
This Wednesday, the U.S. will release May CPI data — a key test for rate cut expectations. Cleveland Fed forecasts 2.4% YoY CPI (up from 2.3%), with core CPI flat.
💬 If inflation beats expectations, will the Fed still cut in June? Will you stay on the sidelines or take early action?
#Tech Giants Eye Stablecoins#
Apple, Google, Airbnb, and X are in talks to integrate stablecoins into their payment systems, aiming to cut fees and streamline global payments. Following Circle’s IPO surge, stablecoins are quickly gaining traction across tech and finance.
💬 Could stablecoins be - Trading Myth vs Reality: Rising Wedge
❌ Myth
"A rising wedge is a bullish signal; buy immediately once the pattern completes."
✅ Reality
Proper rising wedge trading requires confirmation:
1.A clear break below the lower line (2 confirmed closes)
2.Volume increase on the break
3.A pullback that doesn't break above the lower line
💡 How to trade correctly:
· Wait for the pullback after the break
· Set stop-loss above the upper line
· If price breaks above upper line, volume must confirm or it's a false breakout
- What are Gate Post Ambassadors? One article guides you through the responsibilities and benefits of being a Gate Post ambassador!👇️
According to the data, large Whales have entered the accumulation phase in these three altcoins, while they are selling one altcoin!
Cryptocurrency analyst Joao Wedson conducted an in-depth analysis of Coin Days Destroyed (CDD) trends across major UTXO blockchains, including Dash (DASH), Litecoin (LTC), Dogecoin (DOGE), and Zcash (ZEC).
CDD is an important metric used to measure the movement of old coins in a blockchain. It is calculated by multiplying the number of coins transferred by the number of days they have remained inactive. This helps analysts determine whether long-term holders are selling their assets or continuing to hold them.
Wedson noted that it is important to monitor CDD in UTXO-based blockchains that operate similarly to Bitcoin's transaction structure. While this metric is generally applied to Bitcoin, his latest research expands the focus to DASH, LTC, DOGE, and ZEC.
When CDD rises, it indicates that old coins are being moved and is generally associated with selling activity. Wedson pointed out significant increases in CDD for these assets that coincide with local price peaks in December 2024 and January 2025:
According to Wedson, these sudden surges indicate that long-term holders are taking advantage of high prices to sell their holdings. Additionally, it has been observed that large institutions are selling coins, which is a common occurrence at these market peaks.
After the peak, the CDD metric has shown a downward trend for DASH, LTC and DOGE. According to the analyst, this decline indicates a accumulation phase where investors are holding onto their coins and are confident in future price increases. The decrease in CDD also indicates that selling pressure has reduced, which typically leads to price stabilization and potential upward momentum.
Unlike the other three cryptocurrencies, ZEC's CDD remains high, indicating that selling pressure is still ongoing. This situation could mean that investors continue to liquidate their holdings, potentially leading to further price declines for ZEC.