Crypto Expert Reveals Top 3 Trades To Take Now

In a video update, Miles Deutscher, a widely followed crypto expert, provided his 502,800 followers on X with an in-depth analysis of the current market conditions. This update came in response to what Deutscher described as “massive ramifications” for certain altcoins following a notable Bitcoin price surge. Deutscher began his discussion by pointing out a significant rally in Bitcoin’s price, which soared from $68,500 to over $71,000. This movement aligns with his observation of substantial inflows into Bitcoin spot ETFs, which he highlighted as nearly reaching $900 million in a single day. This figure is distributed across various funds, with Fidelity, BlackRock and ARK contributing the largest shares. “This is the highest inflow that Bitcoin has gotten since the major breakout in March,” Deutscher stated. He connected these inflows to a broader bullish sentiment in the market, suggesting that they indicate a robust institutional interest that had not been seen since Bitcoin’s previous highs around $74,000. Strategic Altcoin Play #1: BNB Ecosystem Shifting the focus to the altcoin market, Deutscher honed in on Binance Coin (BNB) and its associated tokens. He elaborated on BNB’s performance, noting its breakout to new all-time highs and its defiance of typical market gravity. He advised potential investors to consider entering positions after a definitive weekly close. Related Reading: Rumor Of Apple Partnership Sends Crypto Altcoin Soaring By 20% “When a coin is in price discovery, it’s often very hard to fade that coin. If you’re interested in a long here, wait for a close above on the weekly if you’re a higher timeframe trader, and then you have very clear invalidation for this next leg to the upside,” Deutscher said. In the BNB ecosystem, Deutscher pointed out specific tokens poised for growth, especially FLOKI and Cake. FLOKI, which gained the analyst’s nod as “one of the leading meme coins on the Binance Smart Chain,” has shown similar price actions to another meme coin, Pepe. Observing these patterns, Deutscher predicted a possible 20% upside potential for Floki following its breakout. Cake, known for its role as the largest DEX on the Binance Smart Chain, has started to show promise by reclaiming key support levels. “Cake is an interesting play. Because Cake, on the weekly chart, has been pretty unimpressive, but it’s now finally starting to show signs of wanting to reclaim that major support level, […], a reclamation of that level could send it to $5.” #2 Ethereum Is Ready To Surprise A significant portion of Deutscher’s analysis was dedicated to Ethereum and the speculative impacts of the upcoming spot Ether ETFs in the United States. He discussed how Ethereum’s potential underperformance relative to Bitcoin could set up a lucrative buying opportunity ahead of the ETH ETF’s launch. Related Reading: Crypto Guru Unveils Best Altcoins To Buy Now Deutscher quoted market sentiment from various tweets, indicating a general consensus that Ethereum might underperform in ETF inflows, which he believes is an undervalued viewpoint. “Given the fact that Bitcoin is significantly upticking, the ETH inflows could surprise. And the ETH chart really hasn’t done as much as you think it would, considering they’re on the verge of a major, major catalyst ” he explained, suggesting that the market might be underestimating Ethereum’s appeal to institutional investors. #3 Crypto Trend: Real-World Assets Third, Deutscher explored the concept of real-world asset (RWA) staking as an emerging investment opportunity within the Ethereum ecosystem. He cited Ondo Finance as a leader in this area, already showing strong performance and potential for further gains. “It’s actually consolidating into another bull flag here on the 1-hourly and the 4-hourly after breaking above that $1.33 level. The price action here is absolutely absolutely amazing. It’s a thing of beauty,” Deutscher noted. He also highlighted projects like Mantra and Pendle as other key players benefiting from the shift toward RWA staking. “Mantra recently announced their staking as well. Pendle is obviously a platform to enable you to earn yield. This is a clear beneficiary. These tokens, in my opinion have been the RWA leaders, […]. All of these can perform well.” At press time, ETH traded at $3,799. Featured image created with DALL·E, chart from TradingView.com

Name	Symbol	Market	Market Cap ($)	Algorithm
Binance Coin	BNBUSD	Crypto	93,080,855,249	Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.291529	-0.05%	590.57	590.54	590.66

High Price	Low Price	Open Price	Prev. Close	52 Week Range
592.37	587.09	590.86	590.86	210.00 - 720.47

Exchange	Last Trade	Size	Trade Price	Currency
TIDE	03:57:43	0.001600	590.57	USD

Price x Volume	Volume	Base Symbol	Related Pairs
1,915,092.67	3,245.94	BNB	BNBEUR	BNBGBP	BNBBTC

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BNBUSD Binance Coin