📊 #BTC CQ: If the Fed doesn't cut rates in December, BTC will likely trade in the $60,000 to $80,000 range by the end of the year. Growth is limited until policy clarity is restored. The key factor is whether the large steablecoin reserve will stay on the sidelines or start moving once macroeconomic risk diminishes after the meeting.
🕊1
💼📈 Institutional investors now hold 40% of #BTC-#ETF's
And this is still a conservative estimate, because only companies with over $100 million in assets under management have to report these holdings at all.
On top of that, by the way, there are the treasury companies that buy massive amounts of spot. x
And this is still a conservative estimate, because only companies with over $100 million in assets under management have to report these holdings at all.
On top of that, by the way, there are the treasury companies that buy massive amounts of spot. x
🐳2
💵💸 Circle has minted another 500 million #USDC.
Tether and Circle minted $15 billion worth of stablecoins after market crash
Tether and Circle minted $15 billion worth of stablecoins after market crash
😁1
💰 #USDT Tether announced an investment in Parfin to accelerate the adoption of USDT by institutional users in Latin America.
😁1
🇺🇸👀 #BTC Congressman Warren Davidson has introduced a bill authorizing the payment of federal taxes in BTC and directing the revenue to the BTC Strategic Reserve.
🥳 #NMR Numerai has reached a $500 million valuation in a new funding round
📉 Santiment: #BTC's new 6-month low of $86.7K is expected to bring major crowd reactions as the day progresses. Social volume still shows a mixed bag of dip buy optimism and doom & gloom, with very little "in between".
Ideally, we begin seeing many retail predictions of sub-$70K prices, which would indicate a bottom is finally here. Prices move opposite to how the crowd typically predicts markets.
Ideally, we begin seeing many retail predictions of sub-$70K prices, which would indicate a bottom is finally here. Prices move opposite to how the crowd typically predicts markets.
📊👀 #ETH $2.8K as a key on-chain support level, signals potential rebound - CryptoQuant
Historically, realized price levels have often marked cycle bottoms, suggesting that this range could once again provide a foundation for a short-term rebound.
Historically, realized price levels have often marked cycle bottoms, suggesting that this range could once again provide a foundation for a short-term rebound.
🐻 This die-hard bear (0x5D2F) holding 1,232 #BTC ($108.63M) is now sitting on $28.7M+ in unrealized profit.
Notably, he placed limit orders between $75,819 and $79,919 to take profit.
Notably, he placed limit orders between $75,819 and $79,919 to take profit.
🔥1
📈🤯 #BTC just printed $6B in taker sell volume in 5 hours. One of the biggest intraday spikes we’ve seen lately.
📊💸 #BTC Short-Term Holders Are Capitulating
This often marks a local bottom if the price quickly reclaims the cost basis. Failing to do so historically indicates a deeper bearish trend or confirms a bear market. cryptoquant
This often marks a local bottom if the price quickly reclaims the cost basis. Failing to do so historically indicates a deeper bearish trend or confirms a bear market. cryptoquant