BTC futures basis has completely bled out from 30% earlier this year to ~5% now.

Bitcoin Dominance has surged from 38% in Nov 2022 to a notable 56% today. Meanwhile, Ethereum, the second-largest asset, saw its dominance decline by 1.5%, remaining relatively stable over the past two years.

In contrast, Stablecoins and the broader Altcoin sector experienced more significant declines of 9.9% and 5.9%, respectively.

🟠Bitcoin Dominance: 38.7% (Nov 2022) —> 56.2% (Current)
🔵Ethereum Dominance 16.8% —> 15.2%
🟢Stablecoin Dominance 17.3% —> 7.4%
🟣Altcoin Dominance 27.2% —> 21.3%

Bitcoin's hash rate has surged to an unprecedented level. This metric, which measures the computational power dedicated to securing the Bitcoin network, has reached a new all-time high.

This milestone indicates that more miners are joining the network, enhancing its security and resilience against potential attacks.

Digital asset investment products saw outflows totalling $305m last week, with widespread negative sentiment evident across various providers and regions.

The negative sentiment was focussed on Bitcoin, seeing $319m in outflows.

Crypto Fear and Greed index has dropped to 22.

The crypto market is full of fear.

People are overlooking the fact that:

- Q4 (typically bullish) is just around the corner
- M2 money supply is rising
- Rate cuts are on the horizon
- The US elections are just 60 days away.

September bullish

🇺🇸 JUST IN: US inflation falls to 2.5%, lower than expectations.

On September 10, U.S. spot Bitcoin ETFs saw +$117m net flows

The 30-day correlation between BTC and the S&P 500 has surged to levels not seen since Oct 2022.

This regime may last until the Sep 18 FOMC, as traders remain conservative upon the rate cut confirmation.

BIG BREAKING 🚨

CZ BINANCE IS BACK .

Options volumes have increased over the past few weeks as markets shift to a risk-on mindset

It's been 1051 days since the global crypto market cap peaked on November 15, 2021.

The longest-ever crypto market cap drawdown lasted for 1,106 days from Dec 15, 2013, to Dec 25, while past cycles drawdown lasted for 1096 days from Jan 7, 2018, to Jan 7, 2021.

BREAKING: 🇯🇵 Metaplanet has purchased an additional 106.976 bitcoin for ¥1 billion at an average price of ¥9,347,891 per $BTC 🔥

As of October 15, Metaplanet holds ~855.478 bitcoin acquired for ¥7.965 billion at an average price of ¥9,310,061 per $BTC.

JUST IN: Tesla reveals none of their $763,120,000 Bitcoin was sold in Q3 2024.

📰 Full Story

#Bitcoin Spot ETF holdings are at the highest level in six months.

$71,000 #bitcoin

$100,000 #bitcoin