🇸🇬🚘 Volkswagen Singapore is partnering with FOMO Pay to support digital currency payments (you can pay for cars and services with BTC, ETH as well as Stablecoins).
📊👀 Glassnode: #ETH cost basis heatmap shows strong investor engagement on the pullback from $4.7K. Accumulation around $4.4K helped stabilize downside, with part of that supply quickly redistributed higher - a clear swing-trade dynamic.
📈 #PUMP PumpFun continues to dominate launchpad activity. As of Aug 17, it controlled 89.6% of daily launchpad volume.
Bags followed at 5.9%, Moonshot at 2.3%, and BonkFun at 1.7%.
Bags followed at 5.9%, Moonshot at 2.3%, and BonkFun at 1.7%.
🤔 #BTC CryptoRank: Changing Profit Patterns Hint at a Slower, Longer Bull Market
The NUPL metric, which reflects the share of unrealized profits among holders, is now forming the third peak of the cycle. Unlike previous years, the growth has taken on a “stepwise” pattern, largely driven by institutional inflows. However, each wave has delivered a progressively smaller percentage of profit.
This dynamic may limit the potential for sharp rallies, although it could allow the bull market to extend over a longer period.
The NUPL metric, which reflects the share of unrealized profits among holders, is now forming the third peak of the cycle. Unlike previous years, the growth has taken on a “stepwise” pattern, largely driven by institutional inflows. However, each wave has delivered a progressively smaller percentage of profit.
This dynamic may limit the potential for sharp rallies, although it could allow the bull market to extend over a longer period.
📉 Ecoinometrics: #BTC’s volatility keeps falling
Since 2022, Bitcoin has already been less volatile than mega-cap stocks like Nvidia.
And since 2024, despite hitting new highs and going through a significant correction, volatility has kept trending lower. It’s now near a five-year low.
That’s exactly what you’d expect from a maturing asset.
Since 2022, Bitcoin has already been less volatile than mega-cap stocks like Nvidia.
And since 2024, despite hitting new highs and going through a significant correction, volatility has kept trending lower. It’s now near a five-year low.
That’s exactly what you’d expect from a maturing asset.
🐳 Whales & Sharks keep stacking #BTC
Since August 13th, wallets holding 10–10K BTC added 20,061 BTC.
Looking at the bigger picture, since March 22nd, this group of key holders has accumulated a massive 225,320 BTC — a +1.7% increase to their collective wallets.
Since August 13th, wallets holding 10–10K BTC added 20,061 BTC.
Looking at the bigger picture, since March 22nd, this group of key holders has accumulated a massive 225,320 BTC — a +1.7% increase to their collective wallets.
This media is not supported in your browser
VIEW IN TELEGRAM
🇨🇦⛏️ #BTC In Vancouver, it has been proposed to use Bitcoin miners to heat the Kitsilano Pool.
The plan could keep the pool open year-round and bring in up to $1M in profit for the city.
The plan could keep the pool open year-round and bring in up to $1M in profit for the city.
👍1