📊 #BTC CQ: Despite the pullback in BTC, on-chain data continues to show signs of accumulation by long-term holders, while BTC reserves on exchanges continue to decline.
MVRV has not reached critical values of ~3.6, which historically coincide with cycle peaks and all-time highs. The lack of market euphoria suggests that BTC has not yet entered the overheating phase.
Miner reserves are stable, with miners often selling aggressively during past market peaks.
The aSOPR (Adjusted Spent Output Profit Ratio) is also a valuable benchmark for identifying overvaluation phases: when the ratio remains above 1 for an extended period of time, it suggests that most coins in circulation are profitable.
Overall, these metrics indicate that while BTC is in a correction, there is still potential for growth if demand remains strong.
MVRV has not reached critical values of ~3.6, which historically coincide with cycle peaks and all-time highs. The lack of market euphoria suggests that BTC has not yet entered the overheating phase.
Miner reserves are stable, with miners often selling aggressively during past market peaks.
The aSOPR (Adjusted Spent Output Profit Ratio) is also a valuable benchmark for identifying overvaluation phases: when the ratio remains above 1 for an extended period of time, it suggests that most coins in circulation are profitable.
Overall, these metrics indicate that while BTC is in a correction, there is still potential for growth if demand remains strong.
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🥷💸 Top 10 hacks and exploits by funds lost this summer
Over $280M lost in the top 10 crypto hacks this summer. From #DeFi exploits to exchange breaches, security risks remain high.
Over $280M lost in the top 10 crypto hacks this summer. From #DeFi exploits to exchange breaches, security risks remain high.
🤑 #WLFI Trader made $263,866 in the first 10 minutes after WLFI launched.
Also WLFI soared to $1.1 with over $10M in trading volume on Gate.
Also WLFI soared to $1.1 with over $10M in trading volume on Gate.
🔄 BRC20 updated to "BRC2.0", integrating Ethereum Virtual Machine (EVM) compatibility.
🇲🇽🙋♂ #BNB Binance launches new division in Mexico - Medá. cointelegraph
🕵️♂️ #WLFI Arkham: Justin Sun holds WLFI for ~$891.2M.
Justin Sun: We have no plans to sell our unlocked tokens anytime soon. I truly believe this will be one of the biggest and most important projects in crypto.
Justin Sun: We have no plans to sell our unlocked tokens anytime soon. I truly believe this will be one of the biggest and most important projects in crypto.
📊📈 #HYPE Hyperliquid recorded its best month yet in August, settling $398+ billion in trading volume.
🇦🇺🙋♂ Coinbase and OKX have launched products in Australia aimed at investing retirement funds in cryptocurrencies. bloomberg
📊👀 #BTC Bybit: Taker Buy Sell Ratio spikes to 12.7, indicating much more stronger buying activity compared to selling.
Taker Buy Sell Ratio = Taker Buy Volume ÷ Taker Sell Volume
Taker Buy Sell Ratio = Taker Buy Volume ÷ Taker Sell Volume
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🥳 #BNB Chain today is 5 years old