Dota 2 fans have been wondering for months whether the new year would bring a new battle pass to the popular MOBA. But at the moment, it does not seem like there will be any new Dota 2 battle pass coming in 2021.
Valve made the announcement in May and it was crushing news for Dota 2 fans. Each year, The International Battle Pass is the highlight of the year and delivers a significant amount of content for fans including premium skins, a limited-time game mode, and more.
With no The International Battle Pass coming to Dota 2 in 2021, it’s unclear what will take its place and what implications this may have for Dota 2 esports moving forward. Here is everything that’s known about Dota 2 battle passes in 2021.
Will there be a Dota 2 battle pass in 2021?
Valve suggested that there will not be any battle pass coming out in Dota 2 in 2021. This came alongside a larger update regarding what the publisher has in store for the game this year, and into the future.
“We’ll be shipping two separate events over the coming months instead of one overarching summer event. The first will arrive in mid-to-late June, and another will follow sometime after The International ends. Neither of these events will fund The International prize pool, as the The International 10 Battle Pass prize pool still remains to be claimed,” Valve said in a post on the official Dota 2 blog.
This could mean any number of things, ranging from Diretide to the seasonal battle passes seen from 2015 to 2017 ahead of Valve-sponsored majors. It is possible that those could come back or that Valve might be planning on something like the straightforward The International Compendiums seen in the game in 2012 and 2013. It could also be that Valve is planning something in the vein of the simple Lunar New Year events seen in recent years that only brought high-fives and consumables to the game.
It’s completely unclear what’s coming next, but one thing is certain. There will not be a The International Battle Pass in Dota 2 in 2021.
Why isn’t there a Dota 2 battle pass in 2021?
Valve is not releasing a battle pass in Dota 2 in order to focus on other in-game events. It is unclear what these events will be or what they might include.
This is somewhat strange as The International Battle Pass is known to be an enormous revenue generator for Valve. The TI10 Battle Pass brought the prize pool of the event up to $40 million, meaning that Valve took in nearly $120 million. Valve passing up on an opportunity to take in that kind of cash again certainly raises an eyebrow.
It could be that Valve is using the global situation that has carried over from 2020 as an opportunity to take in more money. The pivot away from the Dota 2 battle pass comes after the return of Diretide last fall. It’s possible that running two similar events would end up being more profitable for Valve than running one installment of The International Battle Pass, especially without having to put any of that money into the Dota 2 esports scene.
Will there be a Dota 2 The International Championship in 2021?
The International 10 is scheduled to begin on August 5, 2021. The event will take place in Stockholm, Sweden. It is not yet known if there will be any crowd or media allowed into the event.
Plans could change depending on global travel restrictions and lockdowns, but odds are that the event will be able to take place as expected in August 2021. Expect more details to come out on crowds and in-game Dota 2 events as TI10 approaches.
Anthony Pompliano Shares His Thoughts On The Bitcoin Downturn
Bitcoin crashes 20% leading to blood in the streets. A bounce at $28.8k during early evening GMT was followed by a strong surge taking BTC back above $30k.
The $30k-$31k zone has proven to be strong support over the past month or so. But can Bitcoin close the day above this level?
Bitcoin is under $30,000.
Here is a quick thread to document what I’m thinking right now and what my strategy is during these price drawdowns.
— Pomp 🌪 (@APompliano) June 22, 2021
Pompliano Takes A Long-Term Bitcoin Outlook
By his own admission, Pompliano states he’s an “atrocious trader” and doesn’t look to time markets. Instead, given his long-term view on Bitcoin, and a belief it will increase in value over time, his strategy is to accumulate by dollar-cost averaging in.
“I‘m not a trader. I don’t look at charts and I don’t try to time markets. If anything, I’m an atrocious trader who is guaranteed to lose 🙂 I have a very long-term view of the asset and believe it will continue to accrue value and adoption over the next few decades.”
Pompliano explains that this means buying Bitcoin at regular intervals, regardless of its price. This might mean buying when the price is high, or when it’s low. The overriding factor, as he puts it, is “time in the market is more important than timing the market.”
Taking all of this into account, short-term dips are of no concern because one day he intends to hand his Bitcoin to his grandchildren.
For that reason, Pompliano spins the current market dip into a positive situation, in that, it enables him to aggressively accumulate.
But What About The Short-Term Picture?
Regardless of the long-term view, what will happen in the near future is of concern to many people.
Analysis of longs vs. shorts shows traders are overall long at a ratio of 7:3. Of the three platforms concerned, Bitfinex traders are overwhelming long with only 9% of trades short. Whereas BitMEX traders are pretty much evenly split with a slight bias to the shorts.
Technical analysts are posting mixed ideas. Wicktator believes the current support zone will hold, triggering an impulse move higher to $100k.
“Anticipating the next bull run to surpass the all time highs!
Entry: On lower timeframe, wait for the break of the descending trendline to break and get your entries in and stops below the low.
Goodluck and Trade safe!”
The coming days and weeks will be a real test for those who claim to have diamond hands.
Bitcoin Fundamental Tool Produces Worst Reading Since the Bull Run Began
Bitcoin has given the worst Puell Multiple since this bull run began. The coin has been on a downward spiral lately. News of crackdowns out of China. Miners having to find alternate locations for their activities. Mining facilities are airlifting their mining rigs out of China to the U.S. China also issued a ban on digital currency transactions. The country ordered banks to block all transactions involving crypto.
There have been record crypto liquidations taking place. With approximately $1 billion pulled out of the market overnight. Crashing prices along the way. A culmination of these events has led to the worst Puell Multiple reading in recent months.
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This has dragged the Puell Multiple down to a staggering 0.81. The lowest it has ever been in eight months.
The Puell Multiple is the ratio of the daily value of the issued coin in USD divided by 365 days moving average of the daily value of issued coins in USD.
Bitcoin Hash Rate Falls
With so many miners out of commission in China, the bitcoin hash rate has fallen dangerously low. The hash rate for BTC has been below 105 billion for two days in a row. The seven-day average dropped down to 129.1 million exahashes on Tuesday.
the total computational power used to secure transactions on the blockchain is the bitcoin hash rate.
This is the lowest that the hash rate has been in over six months.
Bitcoin price falls as hash rate falls | Source: BTCUSD on TradingView.com
This is a direct result of the ban on crypto mining in China. Entire regions have shut down their mining farms. With the remaining mining farms in other regions poised to follow suit. Sichuan’s initiative making the list for the clampdown of mining operations.
State-run electricity companies have been asked to make sure that no crypto activities are being carried out.
Number Of Daily Issued BTC Falls
The number of daily issued bitcoin has fallen.
The number of bitcoins mined per block fell to 6.25 after the last halving. With about 144 blocks mined each day, this added up to about 900 bitcoins mined each day.
Related Reading | Clean Bitcoin Mining Solutions Grow Thanks To Ongoing China Crackdown
With the recent crackdowns on mining, the number of BTC issued each day has fallen. This is due to the fact that a lot of miners are offline. So, this means that not enough blocks are being hashed. Due to not enough computational power only to solve the complex equations required to process bitcoin transactions.
Roughly 700 bitcoins were issued into the market in the last 24 hours.
This number translates to a 22% decreased in the number of bitcoins mined.
This leaves a lot of uncertainty in the market regarding the future of the coin. And the market in general.
Featured image from Nairametrics, chart from TradingView.com
‘Bitcoin’s six-week run of outflows has been driven’ by these factors
The Bitcoin market was witnessing strong sell-offs for over a month now. On Monday, the largest digital asset plunged to its monthly lows of $31k, triggered by the ongoing crackdown by China. This has spread panic among investors.
Over the past week, Bitcoin outflows totaled a massive sum of $89 million, while the bitcoin outflows value hit $487 million for the year. This was 1.6% of assets under management as indicated by the data offered by CoinShares.
The above chart indicated that the top cryptos like Bitcoin and Ethereum were both noting a higher selling pressure in the current market.
This was the third consecutive week of outflows for the entire crypto market and it amounted to $79 million leaving the market. Researchers have termed this as ‘the longest bear run in outflows since February 2018’. Currently, for June, the net outflows remained high at $210.5 million with another week left of the month.
According to Matt Weller, global head of market research at Forex.com:
“Bitcoin’s six-week run of outflows has been driven by the combination of environmental concerns and an increasingly antagonistic regulatory environment in China. With these themes still in effect and prices subdued, it may be a while before we start to see another period of sustained fund inflows.”
Following China’s crackdown, authorities in one of the largest Bitcoin mining provinces, Sichuan ordered the closing of the cryptocurrency mining projects. Owing to such negative sentiments in the market, BTC value has remained low at $32k, at the press time.
Data from Alternative.me also suggested ‘Extreme Fear’ in the market and its value has fallen to 10, suggesting more fear than greed.
Bitcoin has now lost almost 50% of its value since the peak observed in April.
Ethereum, the second-largest cryptocurrency was also seeing minor outflows of $1.9 million last week. In the previous week, it reported a total outflow of $14.6 million, which was restricted compared to Bitcoin’s outflows. Ether outflows represented only 0.14% of assets under management, suggesting the negative sentiment had remained focused on Bitcoin.
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