🐳 #BTC Wallets holding between 1,000 and 10,000 BTC demonstrated confidence during the recent dip, consistently increasing their holdings as prices fell.
On the other hand, wallets with less than 1 BTC showed weak hands, with the most substantial decrease in holdings during yesterday's market downturn.
📉🤔 #BTC Matrixport: Many attribute the Bitcoin sell-off to the unwinding of Japanese Yen carry trades. Bitcoin is becoming a casualty as numerous financial market participants, who borrowed yen to invest in higher-yielding assets, are now reversing their positions.
The Bank of Japan's unexpected interest rate hike, coupled with traders' expectations of a rate cut from the Federal Reserve, has increased central bank uncertainty and led to deleveraging in the system. According to some traders, this is driving the decline in Bitcoin prices.
😱 #ETH traders today experienced one of the worst daily liquidations in their history - over $400 million
This could be a sign of the bottom
💸 Realized losses in the last 48 hours have totaled over $850 million in #BTC, all from short-term holders
Читать полностью…🥳 #BTC #ETF Capula Management, the fourth largest hedge fund in Europe, informs about $500 million in Bitcoin ETF. sec.gov
Читать полностью…🇺🇸👀 Crypto #ETF Flows Today:
#BTC-ETFs:
NetFlow: -1,205 BTC (-$65.49M) 🔴
Fidelity outflows 1,661 BTC ($90.26M
#ETH-ETFs:
NetFlow: -22,779 ETH (-$54.94M) 🔴
Grayscale outflows 25,045 ETH ($60.41M)
📊 #BTC's brief visit below $50K coincided with the largest week of volume (~$99B thus far) since the November, 2022 FTX collapse. And due to the bullish trader sentiment just prior to this crash, average returns of BTC wallets active in the past 30 days fell to 26-month lows.
Читать полностью…🥳🎁 #ZRC Project L2 Zircuit announced about the launch of phase 1 of the main network and airdrop (21% of the total token supply), and also released ZRC tokenomics.
Читать полностью…🇺🇸🍿 #ETH 0.041 ETH was transferred from a US government address, which may be a check before a large transfer
Читать полностью…🎢 #BTC #ETF 20 mins into the trading session and Bitcoin ETFs have already seen $1.3bn in volume — this is extremely elevated
Читать полностью…😨📉 #BTC #ETF ProShares Bitcoin Strategy fell 17.5% and iShares Bitcoin Trust fell 17.7%.
G7 stock prices also fell sharply on the US stock market, with $1.3 trillion of their combined market value evaporating.
MicroStrategy shares fell more than 23%, Coinbase fell more than 18%.
⛏📈 Northern Data miner informs that revenue in Q2 grew by 22%. It also confirms the forecast of a >3-fold increase in revenue for the year.
Читать полностью…📊👀 #BTC Yesterday saw a record number of coins sold at a loss, comparable to the ban on mining in China and the collapse of the FTX exchange.
Читать полностью…🇺🇸⛏ At a #BTC price of $54k and a power rate of $0.07/kWh, ASICs with a unit power consumption of 23 W/T or higher are operating at a loss.
Also, only Antminer S21 Hyd, S21, Avalon A1466I, Antminer S19XP Hyd and S19XP remain profitable at $52,000, while most mining machines fall below the breakeven point at $0.07/kWh.
📊 IntoTheBlock: #BTC is showing minor signs of recovery. Here are some key levels to watch:
Upside: Resistance is fairly distributed, but two levels with notable historic volume stand out: $55.5k and $60.5k
Downside: Significant demand is concentrated below $50k, with strong support anticipated around $47.5k
📊 The difference between #BTC short and long-term holders:
- Short-term holders capitulated, some selling at a 20% loss
- Long-term holders still spending at a profit
📉 #BTC's 1% market depth on major exchanges is down over 40% since Aug 1, from ~$150M to $86M as of Monday morning
Читать полностью…📊👀 #BTC Based on the Bitcoin MVRV Pricing Bands, $BTC needs to reclaim $54,000 as support to prevent a drop to $40,000. If the $54,000 support holds, the key resistance on the upside for BTC is $67,000.
Читать полностью…📈 #EVAA, the main lending protocol in #TON, increased its TVL to a record $31 million
Читать полностью…📉🤔 #BTC's volatility has been low in July
However, August is shaping up to be a different beast due to the market selloff following last week's disappointing job market numbers.
We're finally seeing those rate cuts, but not because the Federal Reserve is achieving a soft landing.
As we've discussed before, a sustained increase in the unemployment rate consistently comes at the start of US recessions. So there are real reasons for concern now.