WOO PriceWOO

RT @CryptoThannos: Some bags in which Thanos and the @CryptoWizardd family believe: $NPC · $WOO · $BOB · $PAAL · $DOGE · $TAO · $INJ · $TAT…

Analyst Willy Woo recently highlighted his short-term projections for Bitcoin on X. According to Woo, Bitcoin must reach a new all-time high in order to surpass the $110,000 price barrier and settle nearer the $120,000 price level. “The move to 118k will be very fast once BTC properly breaks all-time highs.” He composed. "If the trend in capital flows continues, Bitcoin is poised to break all previous highs once more. It's a good long-term arrangement. Woo declared. #BTC$BTC $ETH

In a striking display of investor confidence, cryptocurrency exchange-traded products (ETPs) have witnessed a remarkable surge in inflows, totaling $3.3 billion for the week ending May 24. This influx has propelled the year-to-date (YTD) total to an impressive $10.8 billion, according to data from CoinShares, a leading European crypto investment manager. James Butterfill, CoinShares’ head of research, highlighted that total assets under management (AUM) in crypto ETPs hit a record high of $187.5 billion, underscoring the growing interest in digital assets. Butterfill attributed this trend to rising concerns over the U.S. economy, particularly following Moody’s recent downgrade and a spike in treasury yields, which have driven investors to diversify their portfolios with cryptocurrencies. Bitcoin (BTC) led the charge, drawing in $2.9 billion—over a quarter of the total inflows for 2024. The cryptocurrency’s price crossed the $110,000 mark for the first time on May 22, prompting some investors to explore short-BTC products, which saw inflows of $12.7 million, the highest since December 2024. Meanwhile, Ether (ETH) ETPs continued their upward trajectory, attracting $326 million last week, marking five consecutive weeks of gains following the successful Pectra upgrade on May 7. However, not all assets enjoyed the same fortune. XRP ETPs experienced significant outflows of $37.2 million, the largest on record, despite recent bullish developments surrounding the asset. This latest influx not only sets a new record for crypto ETPs but also signifies a robust recovery from earlier outflows, reflecting a resilient market eager to embrace the potential of digital assets. As the landscape continues to evolve, the momentum behind crypto ETPs remains a crucial indicator of investor sentiment in the ever-changing world of cryptocurrency. $AIXBT $DOLO $SIGN $TON $DOGS $BTC $ETH $SOL $SUI $ALPACA $WOO $NEIROETH $NEIROCTO $HIPPO $MOODENG

On May 23, Bitcoin futures open interest (OI) surged to a record high, surpassing $80 billion, as traders speculate on the cryptocurrency’s potential to reach new all-time highs. This increase of 30% since the beginning of May indicates a robust buildup of leveraged positions in the market, as reported by CoinGlass. Open interest represents the total number of outstanding futures contracts that remain unsettled, reflecting the current market speculation surrounding Bitcoin. A significant rise in OI suggests that many traders are holding substantial positions, often financed through borrowed funds. However, this scenario carries inherent risks; should Bitcoin’s price shift unfavorably for these over-leveraged traders, it could trigger forced liquidations, leading to increased selling pressure and heightened market volatility. In a positive counterbalance to this leverage, analysts have noted a substantial influx of over $2.5 billion into spot Bitcoin exchange-traded funds (ETFs) this week, which may help stabilize the market. Additionally, Bitcoin options markets are exhibiting similar trends, with open interest exceeding $1.5 billion at strike prices of $110,000 and $120,000 on the Deribit exchange. Notably, contracts worth approximately $2.76 billion are set to expire on the same day, with a put/call ratio of 1.2%, indicating a predominance of short sellers. Despite the optimism in futures and options markets, Bitcoin experienced a slight dip, falling below $111,000 on Coinbase after briefly reaching an all-time high of $112,000 on May 22. Nevertheless, the cryptocurrency has still gained nearly 20% since the start of the year, showcasing its resilience amid ongoing market fluctuations. As the dynamics of open interest and price movements unfold, market participants will be closely monitoring these trends in the coming days. $AIXBT $DOLO $SIGN $$CLAY $TON $DOGS $BTC $ETH $SOL $SUI $ALPACA $WOO $NEIROETH $NEIROCTO $HIPPO $MOODENG

Update on $WOO The golden rule is that each candle origin of the Break Of Structure (BOS) must be tested. We currently saw a breakout of the (must break) line, signaling a shift in trend structure. I'm now expecting WOO to rally towards our target as time goes on. #WOO