โ๏ธ๐ Miners are in the red despite #BTC's growth
Bitcoin has risen 125% in 2024, but most publicly traded miners are ending the year with losses. Rising costs and the aftermath of the halving have left only seven companies profitable.
Bitcoin has risen 125% in 2024, but most publicly traded miners are ending the year with losses. Rising costs and the aftermath of the halving have left only seven companies profitable.
๐ฐ๐ท In South Korea, 30% of the population are already crypto investors. source
In November, the number of cryptocurrency users in South Korea, according to an official survey, grew to 15.6 million.
In November, the number of cryptocurrency users in South Korea, according to an official survey, grew to 15.6 million.
๐ก #BTC CryptoRank: In 2018, an average house cost 63 BTC. This year, itโs less than 4.
Over the past six years, the average US home price rose from $251K to $418K, marking a 66% jump in dollar terms.
At the same time, the cost in Bitcoin plummeted 94%, from 62.8 BTC to just 3.9, thanks to the assetโs meteoric price growth.
*Prices in Bitcoin are based on peak values in December of the respective years.
Over the past six years, the average US home price rose from $251K to $418K, marking a 66% jump in dollar terms.
At the same time, the cost in Bitcoin plummeted 94%, from 62.8 BTC to just 3.9, thanks to the assetโs meteoric price growth.
*Prices in Bitcoin are based on peak values in December of the respective years.
๐๐ #BTC The most significant support level for Bitcoin is at $97,300, where 1.51 million wallets bought around 1.49 million BTC.
๐ #LUNC #LUNA2 #USTC The Montenegrin court rejected the appeal against the extradition of Terra co-founder Do Kwon theblock.com
๐ฆ๐ช Hashgraph Group will launch a $100 million Web3 fund in Abu Dhabi. news.bitcoin
๐ช SBI VC Trade has entered into a deal with DMM Bitcoin to receive the assets, with DMM clients expected to switch to SBI in March. cointelegraph
๐๐ #BNB #BTC reserves on Binance fell below 570,000 BTC, the lowest level since January. This usually signals that investors are withdrawing BTC and are bullish. cointelegraph
๐ Santiment: Traders are now bullish again and speculation about #BTC price at $110,000 is becoming more common. Historically, we will only see BTC at $110,000 when the crowd gets disillusioned.
๐๐ณ Whale transactions:
1. Over the past 7 days, 2 whales have withdrawn a total of 1.76 million #PENDLE worth $9.24 million from Binance, the last transaction was a few hours ago (1, 2);
2. Huang Licheng (machibigbrother) transferred on Binance 250,000 #CREAM ($4.05 million);
3. Ethereum ICO whale contributed 4,160 #ETH ($14.5 million) to Kraken. He still has ~7043 ETH ($24.6 million) staked (1, 2);
4. Wallet received 1148 #WETH from Aevo and sold them for 3.96 million #USDC;
5. Whale, who earned $9.5 million on #ai16z, exchanged 500 thousand ai16z ($412 thousand) on #PENGU. Over the past 8 days, the whale has spent $2.47 million buying 79.9 million PENGU and currently has an unrealized profit of $835 thousand.
1. Over the past 7 days, 2 whales have withdrawn a total of 1.76 million #PENDLE worth $9.24 million from Binance, the last transaction was a few hours ago (1, 2);
2. Huang Licheng (machibigbrother) transferred on Binance 250,000 #CREAM ($4.05 million);
3. Ethereum ICO whale contributed 4,160 #ETH ($14.5 million) to Kraken. He still has ~7043 ETH ($24.6 million) staked (1, 2);
4. Wallet received 1148 #WETH from Aevo and sold them for 3.96 million #USDC;
5. Whale, who earned $9.5 million on #ai16z, exchanged 500 thousand ai16z ($412 thousand) on #PENGU. Over the past 8 days, the whale has spent $2.47 million buying 79.9 million PENGU and currently has an unrealized profit of $835 thousand.
๐ต๏ธโโ๏ธ๐ธ HyperLiquid whale collides with floating loss in the amount of ~$12 million on several short positions. Although some of his positions are profitable, these profits are not enough to offset his losses.
๐ธ #BTC Over the last 24 hours, ~$221.02 million worth of contracts were liquidated, of which ~$147.58 million worth of longs and ~$73.45 million of shorts were liquidated.