📊👀 Glassnode Report:
- In the spot market, the Relative Strength Index (RSI) rose from 41.5 to 47.5, moving out of oversold territory, while the CVD index rose sharply from active selling to near neutral;
- But trading volume in the spot market fell 22% to $5.7 billion, indicating that the recovery is not yet broad-based participation;
- The CVD index in the futures market indicates a marked shift to aggressive buyer movement and a rebound in confidence among leveraged traders;
- Overall, the market has moved from seller exhaustion to a strong rebound near recent market tops, but market dynamics should be closely monitored as high profitability and the potential for profit taking can quickly change sentiment.
- In the spot market, the Relative Strength Index (RSI) rose from 41.5 to 47.5, moving out of oversold territory, while the CVD index rose sharply from active selling to near neutral;
- But trading volume in the spot market fell 22% to $5.7 billion, indicating that the recovery is not yet broad-based participation;
- The CVD index in the futures market indicates a marked shift to aggressive buyer movement and a rebound in confidence among leveraged traders;
- Overall, the market has moved from seller exhaustion to a strong rebound near recent market tops, but market dynamics should be closely monitored as high profitability and the potential for profit taking can quickly change sentiment.
🙋♂️ #UNI The Uniswap Foundation has proposed the "Duna DAO" structure, paving the way for the long-awaited fee change.
📈🤔 #BTC hash ribbons indicator flashes bullish cross. Miner capitulation is over and rallies have often followed by growth.
🗽👀 #UNI Senator Lummis: Congrats to Uniswap for setting down roots in Wyoming! Our state’s laws for digital assets are best-in-class, and I commend the Wyoming Legislature for its foresight in creating decentralized nonprofit associations.
🕵️♂️ #ETH Lookonchain: This mysterious institution created another 2 wallets and accumulated 44,999 ETH ($194M) in the past hour.
Over the past 7 days, they have accumulated 266,165 ETH ($1.15B) from FalconX, Galaxy Digital, and BitGo.
Over the past 7 days, they have accumulated 266,165 ETH ($1.15B) from FalconX, Galaxy Digital, and BitGo.
📊👀 #BTC CoinDesk Analyst: In September, $11B worth of bitcoin options are set to expire, with a heavy concentration of call options at the $140K strike price.
For August, the dominant strike price sits at $124K, IMO acting as a magnet that keeps bitcoin’s price below its all-time high and with a potential move to fill the CME gap down to $117K.
For August, the dominant strike price sits at $124K, IMO acting as a magnet that keeps bitcoin’s price below its all-time high and with a potential move to fill the CME gap down to $117K.
🆕🤝 Fintech giant Stripe building 'Tempo' blockchain with crypto VC Paradigm. fortune
💰 BNC, formerly CEA Industries, bought 200,000 #BNB worth $160M, becoming the largest corporate holder of the token.
🇺🇸🇨🇳 Trump has extended the US–China tariff truce by 90 days, pushing the enforcement deadline to November 9. #tradewars
💸 Top Chains by Fees Generated
With $97.7M, Hyperliquid generated 35% of fees among all chains in the last 30 days. Part of the revenue is regularly used for #HYPE buybacks, pushing the token price higher.
With $97.7M, Hyperliquid generated 35% of fees among all chains in the last 30 days. Part of the revenue is regularly used for #HYPE buybacks, pushing the token price higher.
📉🤔 #BTC long-term holder balances have fallen to cycle lows, suggesting that hodlers are selling as prices rise. While this behavior is typical in bull markets, the process is unfolding more gradually than in past cycles.