📊 Bitcoin: The market is bleeding, but the true bottom hasn’t arrived yet, according to on-chain analysis.
NUPL (Net Unrealized Profit/Loss) is falling but remains positive; historically, true cycle bottoms only form once it turns negative, indicating full capitulation.
Delta Growth Rate (Market Cap vs. Realized Cap) is already negative, signaling the end of speculation and the beginning of fundamental accumulation.
Pain may continue.
Patience comes before generational buying opportunities.
NUPL (Net Unrealized Profit/Loss) is falling but remains positive; historically, true cycle bottoms only form once it turns negative, indicating full capitulation.
Delta Growth Rate (Market Cap vs. Realized Cap) is already negative, signaling the end of speculation and the beginning of fundamental accumulation.
Pain may continue.
Patience comes before generational buying opportunities.
🐳 Whales/Institutions are accumulating $ETH
- A newly created wallet "0xcA0" bought 61,000 $ETH worth $171.15M from Binance.
- The whale "0xFB7" further bought 20,000 $ETH worth $56.13M from WinterMute and now holds 100,130 $ETH worth $283.79M.
Addresses:
- 0xcA08371f6e9204Dd6927dcc2dB5504EA062b2998
- 0xFB78AA8F38843629e89951D9db6FdC398d75e0A3
- A newly created wallet "0xcA0" bought 61,000 $ETH worth $171.15M from Binance.
- The whale "0xFB7" further bought 20,000 $ETH worth $56.13M from WinterMute and now holds 100,130 $ETH worth $283.79M.
Addresses:
- 0xcA08371f6e9204Dd6927dcc2dB5504EA062b2998
- 0xFB78AA8F38843629e89951D9db6FdC398d75e0A3
🕵️ Vitalik Buterin has revised his 2017 perspective on blockchain technology, moving away from the idea of "recording only transactions without committing state." He now supports the use of advanced zero-knowledge technologies like ZK-SNARKs, which allow for state verification without the need for full transaction replay.
Buterin highlighted the importance of maintaining personal independent verification in blockchains to safeguard against potential failures in networks, nodes, providers, or consensus, especially in critical situations where it can serve as a counterbalance to intermediaries and centralization. link
Buterin highlighted the importance of maintaining personal independent verification in blockchains to safeguard against potential failures in networks, nodes, providers, or consensus, especially in critical situations where it can serve as a counterbalance to intermediaries and centralization. link
🇰🇷📊 Seoul Economic Daily reports that South Korea's third-largest crypto exchange Coinone is up for sale. Major shareholder and chairman Cha Myung-hoon is considering selling part of his stake and exploring other options.
Coinbase will visit Korea this week to discuss equity investment and cooperation with Coinone and local firms. Cha and his company hold a combined 53.44%; Com2uS holds 38.42%. link
Coinbase will visit Korea this week to discuss equity investment and cooperation with Coinone and local firms. Cha and his company hold a combined 53.44%; Com2uS holds 38.42%. link
🕵️ 272,400,000 #USDT (272,218,173 USD) transferred from Bitfinex to Tether Treasury link
📉 Bitcoin slides near $87,000 as US government shutdown fears weigh on crypto link
🇺🇸⛏️ The US winter storm "Fernan" has swept the nation, causing Foundry USA's Bitcoin mining pool hashrate to drop approximately 60% since Friday.
The storm led to ~200 EH/s offline, slowing Bitcoin block production to 12 minutes. Foundry USA currently controls ~198 EH/s, accounting for 23% of global pool hashrate. Other US pools are also affected, with miners adjusting energy usage to reduce grid load. The storm has caused power outages for over 1 million residents. link
The storm led to ~200 EH/s offline, slowing Bitcoin block production to 12 minutes. Foundry USA currently controls ~198 EH/s, accounting for 23% of global pool hashrate. Other US pools are also affected, with miners adjusting energy usage to reduce grid load. The storm has caused power outages for over 1 million residents. link