📊🤔 #BTC Glassnode: Relative to prior cycles, Bitcoin’s all-time highs in 2017 and 2021 were reached just 2–3 months ahead of today’s point in the cycle. While history is a limited guide, it’s a noteworthy context given recent profit-taking and elevated speculative activity.
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💰 #BTC DDC Enterprise buys 200 additional Bitcoin, now holding 888 BTC
🐳 #ETH Arkham: This massive whale just bought $2.55B USD of ETH from Hyperunit and staked it all through the same staking contract.
🕹 #RWA The World Federation of Exchanges (WFE) called on regulators, including the US SEC, ESMA and IOSCO, to tighten controls on tokenized shares as these "tokens mimic shares without providing the same rights and trading guarantees, which could harm the integrity of the market." reuters
🇺🇸🇨🇳 #tradewars Trump: China has to supply us with magnets. If they don't, we'll slap them with 200% duties or something like that
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📉 #BTC Glassnode: All Bitcoin cohorts have now decisively moved into distribution, led by the 10–100 BTC group. The uniformity across cohorts highlights broad sell-side pressure emerging in the market.
📊 Glassnode: #BTC is now trading just above $110.8k, the average cost basis of 1m-3m old investors who accumulated during the May–July rally to new ATHs. Historically, failure to hold above this level has often led to multi-month market weakness and potential deeper corrections.
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📉🤔 Ecoinometrics: #BTC outflows aren’t benefiting gold
Normally, flows into Bitcoin and gold #ETF's move in opposite directions. This time, both are weakening together.
Uncertainty on monetary policy, sticky inflation and a softening labor market, leaves the Fed without a clear path.
That’s a tough backdrop for hard assets.
Normally, flows into Bitcoin and gold #ETF's move in opposite directions. This time, both are weakening together.
Uncertainty on monetary policy, sticky inflation and a softening labor market, leaves the Fed without a clear path.
That’s a tough backdrop for hard assets.
📊👀 #ETH The number of active Ethereum addresses reached 3.8 million last week.
Although a continued decline from the early-August peak, activity remains well above levels seen during previous bull markets.
Although a continued decline from the early-August peak, activity remains well above levels seen during previous bull markets.
🤔 CFTC interim chair Caroline Pham is rumored to join MoonPay once the permanent chair is confirmed.
📊📉 #BTC Short-term holders, also known as paper hands, have sent 21,200 BTC to the exchange at a loss in the last 24 hours.
📉🤔 #ETH’s MVRV ratio is now 2.15, showing most holders are up more than 2x on average, a level that often leads to volatility and profit-taking.