This summary text is fully AI-generated and may therefore contain errors or be incomplete.
A well-known analyst and trader, known as The Flow Horse, has expressed optimism about the future of Celestia (TIA), an altcoin project that has been experiencing significant growth. The analyst believes that as long as the volume weighted average price remains above $5, buying TIA is a good move. While the analyst acknowledges the possibility of a re-accumulation period in the future, they anticipate further upward movement in the short term. Celestia is currently trading at $5.62, representing a 136% increase over the past two weeks. In addition to discussing Celestia, The Flow Horse also comments on the recent settlement between Binance and US regulators, as well as the resignation of Binance’s CEO and founder. The analyst suggests that with Binance’s diminished presence in the US, traditional finance giants will now begin to enter the crypto space more aggressively. The analyst sees this as a predictable development, as it was clear that traditional finance would take advantage of the situation once the perceived “bad guys” were removed. However, the analyst does not imply that this will lead to a straightforward increase in the price of Bitcoin, but rather highlights the broader trend of traditional finance gaining influence in the crypto industry.
