📉 #BTC Glassnode: Daily transaction fees on the BTC network (14-day SMA) fell to 3.5 BTC, marking the lowest level since late 2011.
📊 #ETH CoinGlass: Over the last week ~108,000 ETH has been transferred to CEX, with 119,300 ETH withdrawn from Coinbase Pro (over the last 30 days >940k ETH)
📊👀 #BTC #ETH Santiment Report:
- Social media discussion of the Fed rate cut reached the highest level in 11 months (a significant spike could indicate market euphoria and a potential need for caution);
- A growing number of predictions for a "higher" BTC price, while ETH discussions remain neutral;
- BTC's high MVRV and very positive funding rates may indicate an overheated market;
- The number of BTC on exchanges has increased by almost 70,000 since the beginning of June;
- Short-term (30D) MVRV is approaching +15%, a level considered a "danger zone" where altcoins often experience pullbacks; and long-term MVRV is at a very high +58.5%, increasing the risk of profit taking;
- Ethereum blockchain data looks optimistic in the long term;
- #LINK and #API3 are showing peak activity levels, which can sometimes signal an impending trend reversal.
- Social media discussion of the Fed rate cut reached the highest level in 11 months (a significant spike could indicate market euphoria and a potential need for caution);
- A growing number of predictions for a "higher" BTC price, while ETH discussions remain neutral;
- BTC's high MVRV and very positive funding rates may indicate an overheated market;
- The number of BTC on exchanges has increased by almost 70,000 since the beginning of June;
- Short-term (30D) MVRV is approaching +15%, a level considered a "danger zone" where altcoins often experience pullbacks; and long-term MVRV is at a very high +58.5%, increasing the risk of profit taking;
- Ethereum blockchain data looks optimistic in the long term;
- #LINK and #API3 are showing peak activity levels, which can sometimes signal an impending trend reversal.
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🔍 #WLFI The top 10 participants in the WLFI public sale round own 4.63% of the total supply (4.64 billion WLFI).
The address with the most tokens moonmanifest.eth owns over 1 billion tokens, well ahead of the rest.
The address with the most tokens moonmanifest.eth owns over 1 billion tokens, well ahead of the rest.
🖼📉 #NFT sales fell 25% to $134 million this week.
Despite the drop in sales, market participant activity continues to increase with the number of NFT buyers up 25.7% and the number of NFT sellers up 25.9%.
Courtyard at Polygon regained the top spot in the collections ranking with $14.7 million in revenue (+42%)
Despite the drop in sales, market participant activity continues to increase with the number of NFT buyers up 25.7% and the number of NFT sellers up 25.9%.
Courtyard at Polygon regained the top spot in the collections ranking with $14.7 million in revenue (+42%)
🔍🐳 Whale Transactions:
- Whale spent another 6,000 BTC ($689.5 million) to buy ETH and has now purchased 278,490 ETH ($1.28 billion) at an average price of $4,585 and has a long of 135,265 ETH ($581 million);
- A smart trader who made huge profits on #PEPE, sold 128.87 billion PEPE ($1.45 million) to buy 2,517 #AAVE ($923k) and 61,567 #PENDLE ($367k) and now holds 2.35 trillion PEPE ($26.6 million), 12.74 million ENA ($9.4 million), 21,298 AAVE ($7.6 million) and 734,289 PENDLE($4.45 million);
- Whale spent 3 million USDT to buy 267.35 billion PEPE via 2 wallets (1 and 2)
- 5 new wallets purchased 19,332 ETH ($92m) in the last 2 days;
- Hacker who stole >$300M from Coinbase users acquired 38,126 SOL ($7.95M) via two addresses (1 and 2).
- Whale spent another 6,000 BTC ($689.5 million) to buy ETH and has now purchased 278,490 ETH ($1.28 billion) at an average price of $4,585 and has a long of 135,265 ETH ($581 million);
- A smart trader who made huge profits on #PEPE, sold 128.87 billion PEPE ($1.45 million) to buy 2,517 #AAVE ($923k) and 61,567 #PENDLE ($367k) and now holds 2.35 trillion PEPE ($26.6 million), 12.74 million ENA ($9.4 million), 21,298 AAVE ($7.6 million) and 734,289 PENDLE($4.45 million);
- Whale spent 3 million USDT to buy 267.35 billion PEPE via 2 wallets (1 and 2)
- 5 new wallets purchased 19,332 ETH ($92m) in the last 2 days;
- Hacker who stole >$300M from Coinbase users acquired 38,126 SOL ($7.95M) via two addresses (1 and 2).
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🐳📉 #BTC whale sold 24,000 BTC worth over $2.7 billion, causing today’s -$4,000 crash in minutes.
They still hold 152,874 BTC worth more than $17 billion.
They still hold 152,874 BTC worth more than $17 billion.
📈 #ETH Open interest in ETH futures on exchanges has reached a new all-time high of $71 billion.
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🇺🇸👀 The SEC's Crypto Task Force is hitting the road and hosting a series of roundtables across the country to provide opportunities for additional stakeholders to offer feedback and to hear from representatives of crypto-related projects. sec.gov
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🇯🇵 #BTC Metaplanet bought another 103 BTC. They now own 18,991 BTC.
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🇵🇭 #BTC The Philippines has proposed a bill to create a strategic reserve of 10,000 BTC with a 20-year freeze. theblock.co
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🇫🇷🙊 #TON Pavel Durov said, French authorities have been unable to find evidence for more than a year since his arrest in August 2024, so the case is going nowhere. Also criticized the French government, calling the investigation "unprecedented" and "absurd."
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📊 #BTC Willie Wu: the reason BTC has been slow to rise in this cycle is because the supply of BTC is centered around the large whales that peaked their stocks in 2011 (orange and dark orange). They were buying BTC at $10 or lower. It takes >$110k of new capital to absorb each BTC they sold.
This difference in value, supply, and pace of sales has a significant impact on the amount of new capital needed to drive the price up.
This difference in value, supply, and pace of sales has a significant impact on the amount of new capital needed to drive the price up.
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