📉🤔 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.
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🗣 #BTC Billionaire Tim Draper said live on CNBC that Bitcoin is a hedge against bad governance.
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🔜 #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).
📊🤔 #BTC vs #ETH Anomaly:
For the first time in this 3-year cycle, a rare setup is unfolding: ETH has its own strength
🔹 ETH Strength → Positive (attracting flows)
🔹 BTC Strength → Neutral (rangebound)
🔻 Risk-Off: Major BTC wallets taking profit & rotating into ETH
For ETH to lead, BTC must hold the line — 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
🔹 ETH Strength → Positive (attracting flows)
🔹 BTC Strength → Neutral (rangebound)
🔻 Risk-Off: Major BTC wallets taking profit & rotating into ETH
For ETH to lead, BTC must hold the line — capital rotation is tilting ETH into cycle leadership. source
🇺🇸🍿 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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🗽 Canary Capital has filed with the SEC to launch the Canary American-Made Crypto ETF (#MRCA) - the fund will track an index of US-linked cryptocurrencies. cointelegraph
📊 #BTC #ETF Santiment: BTC-ETFs have seen the longest outflows (6 market days) since duty fears peaked in early April. Increasingly, there are arguments that these inflows and outflows are driven by retail clients, not just institutional clients.
Many retail traders can make emotional decisions when they believe markets have peaked. This can temporarily trigger market declines, but often signals an imminent bottom (as we saw in April).
Many retail traders can make emotional decisions when they believe markets have peaked. This can temporarily trigger market declines, but often signals an imminent bottom (as we saw in April).
💰 #BTC Semiconductor company Sequans raises $200 million to buy BTC. cointelegraph
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📊 #HYPE Hyperliquiquid's spot and perpetual trading volume in July was $330.8 billion, while Robinhood's volume was $237.8 billion. cryptoslate
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📈 #SOL Shares of Sharps Technology surged 96% yesterday after the company announced a $400 million allocation to Solana Treasury. cointelegraph
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