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πŸ‡ΊπŸ‡ΈπŸ‘€ Spot #BTC-#ETF's now hold almost 5% of the total supply of Bitcoin

Demand is increasing, supply is decreasing
πŸ‘€ #LUNC Upbit: LUNC output has been temporarily suspended due to synchronization issues with Luna Classic network nodes.
πŸ“Š #BTC STH-MVRV and STH-SOPR are both retesting their neutral 1 line

This is where one should hope for a positive response and further price appreciation. This is where short-term speculators and gets rewarded - If the bullish trend is to continue.

STH=Short Term Hodleres
πŸ•΅οΈ 2 hours ago, Winslow Strong - a director of Qualia Research Institute, just withdrew 442 #WBTC from #AAVE and transferred all to Amber. Normally, Amber will sell those #BTC for him. arkham
πŸ“Š Historically, #BTC bull markets peak 518-546 days after halving.

This cycle is accelerating by ~100 days, hinting at a potential peak by mid-May to mid-June 2025.
πŸ†•πŸŽ #TON #NFT Pavel Durov announced that Telegram will launch a "Gift" feature where gift recipients can choose to display it on their profile or sell it in exchange for "Stars". Some gifts will be in limited supply, and Telegram will support converting these gifts into TON-based NFTs later this year.
πŸ”Ž New Activities Among Blockchains by Social Performance
πŸ•΅οΈ #HIPPO Someone withdrew 114,680 #SUI ($200K) from Binance to buy 12M HIPPO at $0.01662
πŸ•΅οΈπŸ’Έ A smart whale with 3.37T #PEPE ($31.44M) is selling #EIGEN at a loss!

On Oct 3 and 4, the whale spent 1,360 ETH ($3.24M) to buy 909K EIGEN at $3.56. Then sold 772K EIGEN for 988.5 ETH($2.39M) at $3.1. The whale currently holds 139.8K EIGEN ($449K) and has lost $407K.
πŸ“‰ #BTC's total transfer volume in dollars is still lower than past bull market highs.

Economic activity on the blockchain remains quiet compared to previous peaks.
πŸ‡¦πŸ‡ͺπŸ•Ή UAE cancel value added tax (VAT) on transfers and conversions of cryptocurrencies
πŸ™‹β€β™‚οΈπŸ‘€ UniSat has released its Q4 roadmap, including CAT20 support, major PizzaSwap updates, and more. docs.unisat.io
πŸ“ŠπŸ“ˆ #ETH Post-Dencun, Ethereum Mainnet fees hit an all-time low as L2 transactions surged. EIP-4844 slashed L2 costs by 10x, driving record activity.

But with fewer fees burned, ETH has turned inflationary, reversing its recent deflationary trend.
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πŸ—£ #BTC Charles Payne: Bitcoin has been the best performing asset since 2013
2024/10/06 18:19:51
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