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πŸ“Š #BTC whales have sold >30,000 BTC worth ~$1.8 billion over the past month.
πŸ”πŸ—£ #ASTR Founder of Astar: Startail rebranding will be announced in 1-2 weeks.
πŸ•΅οΈβ€β™‚οΈ #ETH LonC: In the last 2 hours, 3 whales invested 28,558 #ETH ($82.2 million) on Binance and sold them to pay off debt in Aave and Compound.
πŸ•΅οΈβ€β™‚οΈ #FET for ~$11.8 million transferred on OKX.
πŸΏπŸ—£ Mt.Gox announced start of payments.
πŸ“ŠπŸ—£ CEO of Blockstream: Historically, bull markets experience corrections of 30%. The current decline is approximately 26%. Don't panic, buy the dip.
πŸ“ŠπŸ‘€ #BTC #ETH Friday options expiration:
β–ͺ️ 18,000 BTC options expire with a put-call ratio of 0.65, a maximum pain point of $61,500 and a notional value of $1 billion.

β–ͺ️ 164,000 ETH options expire with a put-call ratio of 0.36, a maximum pain point of $3,350, and a notional value of $470 million.
πŸ“ˆ #OP #BASE The two biggest chains in the Superchain, Optimism and Base, hit 10 million MAUs.
πŸ’΅ USDC Treasury minted 250 million #USDC on the Solana network
πŸ‡©πŸ‡ͺπŸ•΅οΈ #BTC German government is active in transfers again, moving 500 BTC so far
πŸ˜… What's going on in the cryptocurrency market right now
πŸ“‰ #BTC Funding rates have turned extremely negative
πŸ€” #BTC C.Q.: There isn't strong panic in the market yet, it will start when the orange bars appear.

In the current situation, 47K doesn’t look as terrible as it did three weeks ago when we were at 70K.

We need more shakeout, but at a slower pace
πŸ•΅οΈβ€β™‚οΈ Over the last 3 hours, the whale transferred 11,484 #ETH to Binance (1, 2). If all are sold, the profit will be ~$5.93 million. Since June 21, he has sold a total of 30,461 ETH (~$95.36 million) for a total profit of ~$23.32 million.
At the moment, there are 20,184 ETH left in his two wallets, and the total floating profit is ~$10.17 million.
πŸ—£ #BTC #ETF Peter Schiff: At $54,000, >70% of those who bought BTC-ETF are losing money. When BTC falls below $38,000, 100% of BTC-ETF buyers will be at a loss. This is when the real selling will begin as most BTC-ETF speculators will give up for good.
πŸ‘€πŸΏ #BTC #BCH Mt Gox creditors may have to wait up to three months to receive their assets. theblock.com
πŸ“Š CEO C.Q.: #BTC Miners Break Records in 2023 and 2024 and Are the Top Sellers

As 2024 approached, the pace of transfers to exchanges intensified, directly impacting the excess supply and low demand in the spot market.
πŸ˜±πŸ“‰ #BTC Mt.Gox Redemptions have started repaying customers with their Bitcoin after over a decade!

No Bitcoiner will say this out loud, but the majority of the $8.2 billion in BTC that is set to be distributed back to ex-clients are going to be sold off.
🎁 #CAKE PancakeSwap announced they are giving away 2,452,128 #ZK (ZKsync) to the community. pancakeswap
πŸ€” #BTC IntoTheBlock: Nearly 30k BTC, worth $1.73 billion entered exchanges this week. With the price declining, this influx suggests that panic sellers are offloading their assets.
2024/10/04 15:22:40
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