ππ #BTC Since November 2024, CEX exchange reserves have decreased by 668K BTC. This is a strong bullish signal, but itβs inaccurate to say that exchange reserves are exhausted. Currently, 2,432,989 BTC are available on exchanges.
Buying out the entire reserve at the current price would cost about a quarter-trillion dollars- precisely $253,427,433,207.
Buying out the entire reserve at the current price would cost about a quarter-trillion dollars- precisely $253,427,433,207.
πΊπΈ #USDC Circle plans to raise $896 million in a U.S. IPO.
π³ CQ: #BTC whales now account for nearly half of the inflows to exchanges, with the Whale Ratio (30D) hitting a 7-month high of 0.47.
Increased whale activity has historically signaled a market peak, which often led to a correction as large holders prepared to sell.
Increased whale activity has historically signaled a market peak, which often led to a correction as large holders prepared to sell.
πΊπΈπ #macro US:
- S&P Global Manufacturing PMI: 52.0 (pre: 50.2);
- ISM Manufacturing PMI: 48.5 (pre: 48.7)
- S&P Global Manufacturing PMI: 52.0 (pre: 50.2);
- ISM Manufacturing PMI: 48.5 (pre: 48.7)
πΊπΈπ° #ETH Company BTCS Inc bought 1000 ETH for balance.
π₯³ #FTT Kraken has begun distributing funds to FTX creditors.
π€ #XRP VivoPower has teamed up with BitGo as the exclusive OTC partner to acquire $100 million worth of XRP.
ππ§² #BTC liquidation heatmap shows a significant concentration of liquidity around the $109,933 price level.
π³π΄π #BTC Norwegian Block Exchange becomes Norwayβs first publicly listed company to hold Bitcoin on its balance sheet.
π±π #MOBILE The number of paid subscribers of the decentralized WiFi network Helium based on the Solana blockchain increased by 78,000 in May, approaching 300,000.
πΊπΈ Trump administration demands final trade proposals Wednesday to avoid reinstating duties. #tradewars
π Santiment: Mentions of #BTC on social media show 1.3 bullish comments for every 1 bearish comment. This reflects the high correlation between BTC and the stock market, whose success depends heavily on the health of the US economy.
Mentions of #ETH on social media show 3.0 bullish comments for every 1 bearish comment.
Mentions of #ETH on social media show 3.0 bullish comments for every 1 bearish comment.
π¨π³πΊπΈ US extends pause on imposing duties on a range of Chinese goods until Aug. 31. #tradewars