📈Seasoned Sellers Step In
Bitcoin has been unable to reclaim $126k as long-term holders continue steady distribution. Glassnode data shows experienced investors taking profits after months of accumulation, creating persistent sell pressure.
❗️Long-term holder spending rose from ~$1B per day in July to $2–3B by early October
❗️Selling has been gradual and sustained, not panic-driven
❗️The 6–12 month cohort accounts for over 50% of total sell pressure
❗️Their average cost basis sits between $93k and $96k — a critical support zone
These holders bought during late 2024’s election period and are now realizing gains near the highs.
A breakdown below $93k would likely mark their point of maximum pain and possibly the next major reset for Bitcoin’s cycle.
Bitcoin has been unable to reclaim $126k as long-term holders continue steady distribution. Glassnode data shows experienced investors taking profits after months of accumulation, creating persistent sell pressure.
❗️Long-term holder spending rose from ~$1B per day in July to $2–3B by early October
❗️Selling has been gradual and sustained, not panic-driven
❗️The 6–12 month cohort accounts for over 50% of total sell pressure
❗️Their average cost basis sits between $93k and $96k — a critical support zone
These holders bought during late 2024’s election period and are now realizing gains near the highs.
A breakdown below $93k would likely mark their point of maximum pain and possibly the next major reset for Bitcoin’s cycle.
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JUST IN: Revolut has launched 1:1 USD-to-stablecoin exchanges with no fees or spreads for its 65 million users, supporting USDC and USDT across six blockchains. This move could potentially set a new industry standard for seamless crypto conversions.
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The past weeks have been brutal for alts.
Until the uptrend resumes, the best thing to do is to focus on things such as airdrop farming, participating in hot ICOs, and prediction markets.
There are many opportunities in crypto even when the market goes down.
Until the uptrend resumes, the best thing to do is to focus on things such as airdrop farming, participating in hot ICOs, and prediction markets.
There are many opportunities in crypto even when the market goes down.
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💰 Turned $12 into $100k in a month
A Polymarket user with the nickname ascetic started betting on Bitcoin going up with just $12.
After every win, he doubled the position and went all in again.
Over one month and 16 winning bets in a row, he grew the account to around $100k.
A Polymarket user with the nickname ascetic started betting on Bitcoin going up with just $12.
After every win, he doubled the position and went all in again.
Over one month and 16 winning bets in a row, he grew the account to around $100k.
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UK crypto regulation is officially here
The Financial Conduct Authority has outlined how the new FSMA gateway will work, allowing in scope crypto firms to apply for authorisation, use temporary permissions, or wind down as the UK crypto regime goes live.
The Financial Conduct Authority has outlined how the new FSMA gateway will work, allowing in scope crypto firms to apply for authorisation, use temporary permissions, or wind down as the UK crypto regime goes live.
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JUST IN: Cardano $ADA founder Charles Hoskinson mocked Ripple Labs $XRP CEO Brad Garlinghouse on Sunday for not challenging the current draft of the cryptocurrency market structure bill.
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The US state of West Virginia proposes a bill to allocate 10% of state funds to Bitcoin.
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