π€ #BTC CQ: On-chain traders are sitting on just 13% gains. While in previous market tops, in 2012 and 2021, this groupβs average profit reached 232% and 150% respectively. During this current cycle, their profit peaked at only 69% and is declining over time.
π Monthly net outflows of stablecoins from exchanges surged to multi-year highs in July, with over $5.7 billion withdrawn. #stablecoin
ππ #ETH strategic reserve reached $9.11 billion, secured by 63 organizations.
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ββοΈ #BTC CQ: Coinbase buying spree ends. After 94 straight days of consistent buying pressure from Coinbase, the streak has finally broken. This was the longest streak in history.
π°πββοΈ #BTC Bakkt Holdings Inc. announces it will raise money to purchase Bitcoin.
They previously had updated their investment policy to buy up to $1 billion in Bitcoin.
They previously had updated their investment policy to buy up to $1 billion in Bitcoin.
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π #NFT Trading volume on CryptoPunks' NFT collection last week totaled >$24.6 million, the highest weekly total since March 2024. It is also a 416% increase from the previous week. theblock.co
ππ³ Whale Transactions:
1. New wallet accumulated another 12,749 #ETH ($48.06 million) 6 hours ago. Since July 9, 9 new wallets have accumulated a total of 628,646 ETH ($2.38 billion);
2. Galaxy Digital transferred 3782 #BTC ($447 million), most of which went to exchanges;
3. Whale borrowed 85 million #USDT from Aave to buy #ETH;
4. Whale sold 3 million #Fartcoin ($3.65 million) at $1.22. He bought 8.89 million Fartcoin at an average price of $0.26 from Feb. 26 to March 21. He still has 1.89M Fartcoin ($2.16M) for a total gain of $8.07M (+349%).
1. New wallet accumulated another 12,749 #ETH ($48.06 million) 6 hours ago. Since July 9, 9 new wallets have accumulated a total of 628,646 ETH ($2.38 billion);
2. Galaxy Digital transferred 3782 #BTC ($447 million), most of which went to exchanges;
3. Whale borrowed 85 million #USDT from Aave to buy #ETH;
4. Whale sold 3 million #Fartcoin ($3.65 million) at $1.22. He bought 8.89 million Fartcoin at an average price of $0.26 from Feb. 26 to March 21. He still has 1.89M Fartcoin ($2.16M) for a total gain of $8.07M (+349%).