๐ต๏ธ El Salvadorโs official agency, The Bitcoin Office, reported that the nation's Strategic Bitcoin Reserve has surpassed 7,600 BTC. The total holdings have now reached 7,605.37 BTC, valued at approximately $506 million.
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๐ต๏ธ Bitcoin BTC/USD long positions on Bitfinex have risen to around 79,343, the highest since November 2023. Historically, this metric has acted as a contrarian indicator, with surges in longs often coinciding with price tops or preceding declines. Analysts suggest the latest increase, alongside macro uncertainty, may signal downside risk for #BTC. #macro link
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๐ต๏ธ BTC sits at the lower bound of the new buyers' cost basis range ($60kโ$70k).
Supply accumulation in this range is notable, but the cluster is thinner than historical analogs that preceded a strong recovery.
The accumulation setup is constructive in form, not yet in magnitude.
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Supply accumulation in this range is notable, but the cluster is thinner than historical analogs that preceded a strong recovery.
The accumulation setup is constructive in form, not yet in magnitude.
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๐ Top 5 News for 24 Hour:
1. Worldcoin sells 226.43M $WLD via OTC, receives 63M $USDC. โ Read full
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3. Bitcoin Fear & Greed Index update. โ Read full
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EXCAVO | Academy | News | YouTube
1. Worldcoin sells 226.43M $WLD via OTC, receives 63M $USDC. โ Read full
๐ 286 | โค๏ธ 0 | ๐ 4
2. ETH Fear & Greed Index. โ Read full
๐ 264 | โค๏ธ 0 | ๐ 4
3. Bitcoin Fear & Greed Index update. โ Read full
๐ 345 | โค๏ธ 1 | ๐ 3
4. Prediction markets share in crypto trading volume hits record high. โ Read full
๐ 238 | โค๏ธ 0 | ๐ 4
5. Bitcoin long positions surge on Bitfinex, signaling downside risk. โ Read full
๐ 224 | โค๏ธ 0 | ๐ 3
EXCAVO | Academy | News | YouTube
๐1
๐ณ Ethereum whale exits after months of accumulation
A whale deposited 3,246 ETH (worth $9.79M) from Kraken over the past four months.
Today, the same 3,246 ETH (worth $6.47M) was withdrawn to three different wallets and then sent to HitBTC, likely to sell.
The whale is currently sitting on an unrealized loss of $3.32M. link
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A whale deposited 3,246 ETH (worth $9.79M) from Kraken over the past four months.
Today, the same 3,246 ETH (worth $6.47M) was withdrawn to three different wallets and then sent to HitBTC, likely to sell.
The whale is currently sitting on an unrealized loss of $3.32M. link
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๐ According to analyst Willy Woo, on-chain models suggest #BTCโs bottom range is $46Kโ$54K, with the CVDD Floor Model at around $45.5K and trending upward. However, the models indicate that capital stored in #BTC has been declining since November, and if the historical behavior changes, the market may enter a deeper, uncharted bear phase. link
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๐บ๐ธ๐ณ This is truly a crazy whale!
Cinibengales created a new wallet on March 6, withdrew 1.5M $USDC from Kraken, and started placing war-related bets on Polymarket.
He made large bets on events like "Iran regime fall" and "US forces enter Iran," and is now down over $650K. link link
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Cinibengales created a new wallet on March 6, withdrew 1.5M $USDC from Kraken, and started placing war-related bets on Polymarket.
He made large bets on events like "Iran regime fall" and "US forces enter Iran," and is now down over $650K. link link
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๐ต๏ธ According to a report released by CryptoQuant on March 25, Strategy has become the main driver of #BTC reserve demand, purchasing approximately 45,000 #BTC in the past 30 days, the fastest growth rate in nearly a year. Its holdings account for approximately 76% of all reserve companies.
Meanwhile, non-Strategy companies' purchases have dropped to approximately 1,000 #BTC, a decrease of about 99% from their peak, accounting for only 2% of the total. New demand is nearing its end, and the number of purchases by related companies has decreased to 13 (peak: 54), indicating a significant weakening of both investment and participation. The overall market demand structure is highly concentrated in Strategy. link
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Meanwhile, non-Strategy companies' purchases have dropped to approximately 1,000 #BTC, a decrease of about 99% from their peak, accounting for only 2% of the total. New demand is nearing its end, and the number of purchases by related companies has decreased to 13 (peak: 54), indicating a significant weakening of both investment and participation. The overall market demand structure is highly concentrated in Strategy. link
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