π Glassnode: #BTC is now trading just above $110.8k, the average cost basis of 1m-3m old investors who accumulated during the MayβJuly 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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ππ€ Ecoinometrics: #BTC outflows arenβt 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.
Thatβs 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.
Thatβs a tough backdrop for hard assets.
ππ #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.
π€ CFTC interim chair Caroline Pham is rumored to join MoonPay once the permanent chair is confirmed.
ππ #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.
ππ€ #ETHβs 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.
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π£ #BTC Billionaire Tim Draper said live on CNBC that Bitcoin is a hedge against bad governance.
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π #AAVE CEO promises Aave V4 update coming soon with potential changes - single liquidity hub, support for Spoke modules, risk-based interest rates, improved liquidation system, preparation for cross-chain liquidity pooling (CCLL).
ππ€ #BTC vs #ETH Anomaly:
For the first time in this 3-year cycle, a rare setup is unfolding: ETH has its own strength
πΉ ETH Strength β Positive (attracting flows)
πΉ BTC Strength β Neutral (rangebound)
π» Risk-Off: Major BTC wallets taking profit & rotating into ETH
For ETH to lead, BTC must hold the line β capital rotation is tilting ETH into cycle leadership. source
For the first time in this 3-year cycle, a rare setup is unfolding: ETH has its own strength
πΉ ETH Strength β Positive (attracting flows)
πΉ BTC Strength β Neutral (rangebound)
π» Risk-Off: Major BTC wallets taking profit & rotating into ETH
For ETH to lead, BTC must hold the line β capital rotation is tilting ETH into cycle leadership. source
πΊπΈπΏ Trump fired Fed Board of Governors member Lisa Cook.
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πΊπΈπΏ Fed Board of Governors member Lisa Cook said Trump doesn't have the authority to fire her, so she will continue in her role.
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