Best Twitter threads of the day – April 24th

1/ We found that 5 addresses related to pepecexwallet.eth bought 8.87T $PEPE at a low price, and the cost was ~0.19 $ETH ($385).

Then sold 7.76T $PEPE for $1.23M on #DEX, made nearly $1.23M (3,200x)! pic.twitter.com/hIvTJX6UTK

— Lookonchain (@lookonchain) April 24, 2023

2/ Wallet "0xAd10" bought 2.44T $PEPE with 0.0195 $ETH($39.3) and transferred 2.44T $PEPE to wallet "0x9807";

Wallet "0x9807" bought 0.06T $PEPE with 0.11 $WETH($230.84) and transferred 2.5T $PEPE to wallet "0x7607". pic.twitter.com/jOnW7vuzq1

— Lookonchain (@lookonchain) April 24, 2023

3/ Wallet "0x7607" bought 1.77T $PEPE with 0.0175 $ETH($35.24) and sold all 4.26T $PEPE for $726,218.https://t.co/FMrZLgViSa pic.twitter.com/IupLvoyFys

— Lookonchain (@lookonchain) April 24, 2023

4/ We found that wallet "0xAd10" transferred the remaining 0.03 $ETH to wallet "0xde85".

Wallet “0xde85” bought 2.29T $PEPE with 0.022 $ETH($44.26) and sold 1.84T $PEPE for $238,480.https://t.co/4cgBxsNwvR pic.twitter.com/CPdseRk7Hd

— Lookonchain (@lookonchain) April 24, 2023

5/ And also found that wallet "0x9807" transferred the remaining 0.18 $ETH to wallet "0x1984".

Wallet "0x1984" bought 2.31T $PEPE with 0.0175 $ETH($35.25) and sold 1.66T $PEPE for $266,991.

Then transferred the remaining 0.65T $PEPE to pepecexwallet.eth Huobi deposit address. pic.twitter.com/luEedThx2l

— Lookonchain (@lookonchain) April 24, 2023

6/ These 5 addresses are likely to be some of #Pepe's internal addresses.

And the data on the chain shows that only these 5 addresses have earned $1.23M!https://t.co/6YdjYU2oaFhttps://t.co/5FLB0NBW3phttps://t.co/xUr7ZAzN7ihttps://t.co/meWEqqA4Zbhttps://t.co/2ibFQjgVTi

— Lookonchain (@lookonchain) April 24, 2023

$BTC follows it's powerful 7% up Week with a horror 9.3% weekly candle… ?

Are bears in firm control?! ?

Here's a weekly roundup of key technical levels to watch going into this next week…?? pic.twitter.com/yHszszQtro

— IA Crypto (@realijazawan) April 23, 2023

A painful ~9% down week for Bitcoin sees crypto's flagship form a worrying sign on the Weekly Chart.

As you can see below a close of the weekly candle later today at these levels will confirm a Bearish Engulfing candle ? pic.twitter.com/g6h88yxah7

— IA Crypto (@realijazawan) April 23, 2023

This is typically an indicator of a reversal and could spell a more prolonged pullback for $BTC… ?‍♂️

— IA Crypto (@realijazawan) April 23, 2023

The top of the Weekly EMA ribbon sees support start to come in around that $25,500 level ?

Which would in my view be a perfect retest of the ribbon and present a lovely buy for me to personally DCA… ?

— IA Crypto (@realijazawan) April 23, 2023

A close of a weekly candle below $24,400, however, would be hugely damaging and would spell a major trend reversal..

…with Bitcoin losing a grip of it's Weekly EMA ribbon ?

— IA Crypto (@realijazawan) April 23, 2023

On the daily chart – this time last week we closed at around $30,000 – and I was sharing with you that a pullback into the EMA ribbon was not only expected by healthy.

I have personally taken the opportunity to start nibbling into DCA opportunities ? pic.twitter.com/SP7USPDijk

— IA Crypto (@realijazawan) April 23, 2023

Pullback however is being pushed to it's limits and you can see the price action is using all of the EMA ribbon! ?

You can see on Saturday $BTC tried to respond with a bounce, but weekend volume remains thin & we must wait till tomorrow to see if Bears manage another leg down

— IA Crypto (@realijazawan) April 23, 2023

A daily close below $27k would not be good and will see us lose our Daily EMA ribbon ❌️

Strong reaction from the bulls could spell another leg up – but that will not be easy and will require good volume and a move to form a higher high above 31k.

— IA Crypto (@realijazawan) April 23, 2023

Another interesting data point is the 4H chart.

As shared in my videos through the week, if you take the Fibonacci Ratio tool and apply it on our most recent leg up, you see that the golden pocket sits between 26.8k – 27.2k ? pic.twitter.com/H3uCfJtuBN

— IA Crypto (@realijazawan) April 23, 2023

No surprise that $BTC is trying to bounce from this level – but do bulls have enough legs to keep the move going or is it a relief rally…

— IA Crypto (@realijazawan) April 23, 2023

?? BREAKING: India's Finance Minister drops a bombshell on regulating #crypto ?

Find out why she says it won't be effective without global consensus ?

A thread ? pic.twitter.com/Peowe6wtME

— Keyur Rohit (@CryptoKingKeyur) April 24, 2023

1/ According to Sitharaman, regulating #crypto without global consensus will NOT be effective.

This means that all countries need to work together to create a global template for regulating crypto assets. ??

— Keyur Rohit (@CryptoKingKeyur) April 24, 2023

2/ The Finance Minister highlighted the need for a global approach because #crypto technology doesn't have borders.

It can just pass through, making it difficult for individual countries to control it. ??

— Keyur Rohit (@CryptoKingKeyur) April 24, 2023

3/ But don't worry, Sitharaman is not talking about controlling distributed ledger technology.

She recognizes its goodness, potential, and own strengths. ???

— Keyur Rohit (@CryptoKingKeyur) April 24, 2023

4/ The G-20, OECD, IMF, and World Bank are all working together to create a global template for regulating #crypto.

The reports will be discussed in July, and a summit of G-20 nations will be held in India in September. ??

— Keyur Rohit (@CryptoKingKeyur) April 24, 2023

5/ India is being observed by the global community for the way it steered through the pandemic and Russia-Ukraine war.

Inflation in India is largely imported because of the price of fuel and fertilizers, but Prime Minister Modi is ensuring that people will not suffer. ???

— Keyur Rohit (@CryptoKingKeyur) April 24, 2023

6/ So there you have it, folks! The regulation of #crypto is a hot topic and India is taking a global approach to tackle it.

What are your thoughts on this? Let us know in the comments below! ??

— Keyur Rohit (@CryptoKingKeyur) April 24, 2023