Rollblock (RBLK), an Ethereum-based iGaming provider, has captured the attention of over 16,000 users as it enters Stage 7 of its presale. With its innovative play-to-earn model, deflationary token, and seamless integration into the $500 billion online gambling market, Rollblock is winning over Ethereum (ETH) and Bitcoin (BTC) holders, and crypto enthusiasts.
Large Sales Responsible For Ethereum’s (ETH) Instability
A large Ethereum (ETH) liquidation has taken place during the Genesis Trading bankruptcy. Over the last week, an anonymous creditor sold 12,100 ETH, worth around $31.43 million. The transaction started on September 23, with the creditor transferring 12,100 ETH to FalconX, where it was quickly liquidated. In August, this creditor had previously bought 114,502 ETH, valued at $358.19 million.
These actions have influenced Ethereum’s market, sparking concern among investors. Large sales like this can create volatility, with experts warning of potential price drops for Ethereum as panic selling may occur in response.
$1.28 Billion Market Crash: Could Bitcoin (BTC) Holders Be Selling To Buy Rollblock (RBLK)?
Over $1.28 billion in Bitcoin was sold during a sudden surge in selling pressure. The market had been stable until this sell-off hit. Platforms like Binance saw a sharp drop in open interest. Many traders took long positions as Bitcoin hit $64,800. This made things worse. Traders were overly optimistic, hoping for a breakout, leading to a rush of long positions.
When Bitcoin failed to keep up the bullish momentum, optimism turned into fear. The sell-off wiped out about 4,000 BTC in Binance futures. This added to the market’s bearish mood. The drop in open interest shows that leveraged positions were being closed.
Too many leveraged long positions made the market fragile. A small price drop caused many liquidations. As a result, Bitcoin’s price fell faster and harder than expected. The $1.28 billion sell-off and drop in open interest raised questions. Large investors, or whales, may be taking profits at resistance levels like $64,800. These whales often sell when the market is strong. They know many traders are overleveraged, so they sell at higher prices.
While some Bitcoin holders face selling pressure, others are turning their attention to Rollblock (RBLK). Rollblock investors have already seen returns of over 200% on their initial investment during the first stage of the $RBLK presale.
Rollblock (RBLK) Commences Presale Stage 7 As BTC Holders Show Interest
Rollblock (RBLK) is shattering barriers in the $500 billion online gambling industry, turning a playground once reserved for the elite into an opportunity for everyday investors. With the disruptive power of cryptocurrency, Rollblock is democratizing access to one of the most lucrative sectors on the planet.
Rollblock hosts one of the most sophisticated online casinos ever created on the Ethereum blockchain. From timeless classics to cutting-edge games and live sports betting, Rollblock offers a diverse range of options designed for all types of players. Forget lengthy KYC processes—here, users can jump straight into the action. The platform’s play-to-earn model is reshaping the industry to take market share from established giants, and empowering users to generate real profits.
Rollblock is gaining attention for several reasons. It is a deflationary crypto that follows best practices for top coins. Investors can stake Rollblock for APY rewards that surpass any traditional financial institution. Additionally, Rollblock pays token holders a passive income through dividends from the casino’s revenue.
Over 16,000 subscribers have already contributed nearly $4 million in liquidity to this fast-rising crypto. $RBLK tokens are currently priced at $0.03, and the presale is projected to see an 800% increase in Q4. Early investors have already seen over 200% returns. Crypto forecasters are bullish as they expect gains of up to 100x by the end of 2025!
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
