{"id":1124,"date":"2024-06-10T17:35:45","date_gmt":"2024-06-10T17:35:45","guid":{"rendered":"https:\/\/pi42.com\/blog\/?p=1124"},"modified":"2024-06-10T17:35:45","modified_gmt":"2024-06-10T17:35:45","slug":"weekly-digest-10th-june","status":"publish","type":"post","link":"https:\/\/pi42.com\/blog\/weekly-digest-10th-june\/","title":{"rendered":"Pi42 Weekly Roundup: Market Shakeout, New Listings, and Ongoing Contests!\u00a0"},"content":{"rendered":"\n<p>Greetings, Bitcoin Fam! This week, the crypto market experienced a rollercoaster ride, with bullish news countered by a brief correction. But again, volatility is the Friend of Traders! Let&#8217;s explore everything you need to know!<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<label for=\"ez-toc-cssicon-toggle-item-69e60f15922b2\" class=\"ez-toc-cssicon-toggle-label\"><p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e60f15922b2\"  \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/pi42.com\/blog\/weekly-digest-10th-june\/#market-watch-a-tale-of-two-trends\" >Market Watch: A Tale of Two Trends<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/pi42.com\/blog\/weekly-digest-10th-june\/#overnight-liquidations-and-etf-inflows-a-contradiction\" >Overnight Liquidations and ETF Inflows: A Contradiction?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/pi42.com\/blog\/weekly-digest-10th-june\/#expand-your-horizons-new-pairs-arrive-on-pi42\" >Expand Your Horizons: New Pairs Arrive on Pi42!<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/pi42.com\/blog\/weekly-digest-10th-june\/#contests-trade-refer-win\" >Contests: Trade, Refer, &amp; Win!<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/pi42.com\/blog\/weekly-digest-10th-june\/#community-connect-traders-talk-and-local-meetups\" >Community Connect: Traders Talk and Local Meetups!<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"market-watch-a-tale-of-two-trends\"><\/span><strong>Market Watch: A Tale of Two Trends<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The first week of June offered a glimpse into the ever-evolving nature of crypto. While the long-awaited US Ethereum ETF approval sparked a surge for Ethereum, the market witnessed a wider correction following stronger-than-expected US employment data. However, many traders interpret this dip as a temporary &#8220;shakeout&#8221; before an upward swing.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"overnight-liquidations-and-etf-inflows-a-contradiction\"><\/span><strong>Overnight Liquidations and ETF Inflows: A Contradiction?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A sudden shift in sentiment led to liquidations of long positions totalling a staggering $360 million. Interestingly, this downturn coincided with continued positive sentiment towards US Bitcoin ETFs. These funds maintain a strong outlook, attracting a net inflow of $130.99 million, with IBIT leading the charge at $168 million. Notably, this marks the 19th consecutive day of positive inflows, albeit with a decline in daily volume compared to the previous high.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"expand-your-horizons-new-pairs-arrive-on-pi42\"><\/span><strong>Expand Your Horizons: New Pairs Arrive on Pi42!<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Get ready to explore exciting new possibilities with our latest additions under the &#8220;15 Days, 15 Pairs&#8221; program! We&#8217;ve introduced 7 new trading pairs, including FET-INR, AEVO-INR, JASMY-INR, and MEME-INR. This expansion enables you to trade your favourite pairs seamlessly with Indian Rupees, bringing the total available pairs to over 65!<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-a89b3969 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.pi42.app\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Checkout the New Pairs<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"contests-trade-refer-win\"><\/span><strong>Contests: Trade, Refer, &amp; Win!<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The thrill of competition continues with our ongoing contests!<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>G.O.A.T. 2nd Edition (Weekly &amp; Monthly):<\/strong> The quest for trading glory continues! Participate in the ongoing G.O.A.T. (Greatest of All Traders) challenge and trade daily. Not only can you be crowned the champion, but you can also reclaim your trading fees!<\/li>\n\n\n\n<li><strong>R20 &#8211; The Ultimate Referral Challenge:<\/strong> Calling all social butterflies! Refer your friends and climb the ranks in the R20 challenge. You could win exclusive prizes like an official Indian Cricket team jersey or even the grand prize of INR 50,000!<\/li>\n<\/ul>\n\n\n\n<p>We also hosted a successful &#8220;Trading Jackpot&#8221; contest, which saw hundreds of enthusiastic community members participate in a 24-hour trading frenzy.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-a89b3969 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/pi42.com\/blog\/?utm_source=organic&amp;utm_medium=blog&amp;utm_campaign=weekly-digest\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Checkout the Contests &amp; the Leaderboard<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"community-connect-traders-talk-and-local-meetups\"><\/span><strong>Community Connect: Traders Talk and Local Meetups!<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>We&#8217;re committed to fostering a vibrant Pi42 community. This week, we hosted a &#8220;Traders Talk&#8221; featuring a seasoned expert who shared valuable insights on market and technical analysis. Additionally, we met with over 25 traders across five cities \u2013 Delhi, Kolkata, Jaipur, Patna, and Chennai. These meetups provided a platform to discuss the current market scenario, explore Pi42&#8217;s latest features, and delve into VDA tax-saving strategies.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-a89b3969 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/community.pi42.com\/?utm_source=organic&amp;utm_medium=blog&amp;utm_campaign=weekly-digest\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Explore Meet-ups<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p>Stay tuned for more exciting announcements and community events in the coming weeks!<\/p>\n\n\n\n<p><strong>Happy Trading!<\/strong><\/p>\n\n\n\n<p><strong>The Pi42 Team<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greetings, Bitcoin Fam! This week, the crypto market experienced a rollercoaster ride, with bullish news countered by a brief correction. But again, volatility is the Friend of Traders! Let&#8217;s explore everything you need to know! Market Watch: A Tale of Two Trends The first week of June offered a glimpse into the ever-evolving nature of [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":369,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"zakra_page_container_layout":"customizer","zakra_page_sidebar_layout":"customizer","zakra_remove_content_margin":false,"zakra_sidebar":"customizer","zakra_transparent_header":"customizer","zakra_logo":0,"zakra_main_header_style":"default","zakra_menu_item_color":"","zakra_menu_item_hover_color":"","zakra_menu_item_active_color":"","zakra_menu_active_style":"","zakra_page_header":true,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[28],"tags":[200,11,6,9,201,12,199,10,8],"class_list":["post-1124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-weekly-digest","tag-aviansh-shekhar","tag-crypto-exchange","tag-crypto-futures","tag-crypto-trading","tag-fiu-crypto","tag-indian-crypto-exchange","tag-nischal-shetty","tag-pi42","tag-web3-community"],"jetpack_featured_media_url":"https:\/\/pi42.com\/blog\/wp-content\/uploads\/2023\/12\/Weekly-Digest.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts\/1124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/comments?post=1124"}],"version-history":[{"count":3,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts\/1124\/revisions"}],"predecessor-version":[{"id":1127,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts\/1124\/revisions\/1127"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/media\/369"}],"wp:attachment":[{"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/media?parent=1124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/categories?post=1124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/tags?post=1124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}