📊 #BTC CryptoQuant: The MVRV is above this average, and it has only recently surpassed the 365-day average.
This suggests that the upward trend remains intact, and generally, the cycle peak tends to occur when the MVRV reaches levels between 3 and 3.6.
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📈 #BTC #ETH #ETF Yesterday, the total net outflow of spot BTC-ETFs was ~$541.07 million.
The total net outflow of spot ETH-ETFs was ~$63.22 million. #CryptoETF
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📉🐹 #HMSTR In Hamster Kombat, the number of users fell from ~300 million to ~41 million in 3 months. The HMSTR token fell by 76% from its peak on September 26th. protos
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🇺🇸🍿 Elon Musk: America is on the way to bankruptcy. We must cut government spending, otherwise we will go bankrupt, just as if a person overspends.
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🇯🇵 #RWA Japan's SBI Digital Markets, as part of Project Guardian, has introduced new pilot projects aimed at expanding the use of tokenized securities in global markets. decrypt
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🤖 #WLD OpenAI is in advanced talks with regulators to transform the company's not-for-profit structure into a for-profit enterprise.
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💸 #UNI Uniswap Foundation provided $1.2 million Atrium Academy to expand Uniswap Hook Incubator.
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🔍 Semler Scientific added 47 #BTC, bringing the total to 1058 BTC. coindesk.com
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🇺🇸📊 #BTC Price Performance Around US Election
Historical data shows Bitcoin doesn't really care who wins the White House. BTC consistently demonstrates significant volatility during election season. Look at the numbers:
2016 Sep-Jan: +60%
2020 Sep-Jan: +183%
2024 Sep-Jan: +25% (still counting...)
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🕵️ Mt. Gox sends $2.2 billion worth of #BTC to unmarked wallet: Arkham - TheBlockPro
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🇺🇸🙋♂️ Nearly half of voters see crypto, blockchain, and automation as the future of finance, per The Harris Poll.
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🌐🚀 #SUI Ecosystem is thriving in 2024
From #DeFi platforms like DeepBook and Kai Finance to #NFT Marketplaces like hyperspace and TradePort, and innovative Wallets like Sui and Ethos Wallet—SUI is building a robust ecosystem.
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📊 Santiment notes noticeable reducing the number of non-empty wallets with #BTC, which "is a clear sign of FUD, which is usually associated with future bullish price performance."
Also fix the fall wallets with #USDC and sudden growth of wallets with #DOGE 🐶
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🔓 Top 7 Biggest Token Unlocks in the Next 7 Days: #NEON, #CFX, #GAL, #XAI, #CELL, #AI, #CETUS
November’s set to be a turning point in crypto with $2.62 billion in new token supply about to enter the market
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📊 C.Q.: The peak of the cycle usually occurs when MVRV reaches levels of 3 to 3.6 (it is currently ~2). In relation to BTC, this means a target from $95 thousand to $120 thousand. But it is likely that as the market grows, the peak will form above these levels (taking into account previous cycles).
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📊 C.Q.: in 30 days, the #TON network processed 3,252,156 #USDT transactions. Catizen follows with 469,138 transactions, and RabBitcoin takes third place with 345,159. This data highlights that the TON network is actively used for real USDT transactions and is not limited to just memes or gaming projects.
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⛏️ #BTC Marathon and Riot recorded the highest monthly BTC production since the last halving: 717 BTC and 505 BTC, respectively. #mining cointelegraph
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🇺🇸🥳 Hype launches “President Memecoin Index” to track and trade tokens related to the US elections. the block
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📈⛏️ #BTC BTC mining difficulty exceeded 100 T, setting a new record. #mining
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📊 Santiment: With the exception of #SUI (+3.3% in 7 days) and a few other tokens, markets have corrected significantly since last Tuesday's peak.
The presence or absence of a rebound will depend on the crowd's reaction to the election results.
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💰 NVIDIA is in negotiations to participate in a funding round for Musk’s startup xAI. flash.jin10.com
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🥳👀 #BTC BTC falls below $68K as Mt.Gox sends $2.2B Bitcoin to two wallets coindesk.com
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🗽🗣 Elon Musk: America's on a path to bankruptcy... Interest payments on our national debt are now higher than the defense department budget. #macro
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🆕👀 #USDG Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos and Robinhood have partnered to release a new stablecoin network.
The Global Dollar Network aims to accelerate stablecoin adoption worldwide and to incentivize new use cases for the stablecoin USDG. theblock.com
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💰 Top Fundraising Rounds conducted in October
Projects that received the most funding are Praxis, ($525M), a decentralized network state platform, Blockstream ($210M), a #BTC-focused blockchain technology company, and Azra Games ($42.7M), an RPG gaming studio.
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📊👀 #BTC IntoTheBlock: This chart shows long-term Bitcoin holders' balances
This cycle marks some clear differences from previous ones. While long-term holders are selling, it's less aggressive than in past bull peaks.
This moderate sell-off suggests a shift, with investors showing caution about BTC’s current market stage.
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