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πŸ€” #BTC trading below the 200-day simple moving average calls for caution, as the dip may deepen

Wait for a sustained close above the 200-day SMA to confirm the continuation of the Bitcoin uptrend
πŸ•΅οΈβ€β™‚οΈπŸ‘€ #ETH Justin Sun I bought another 14,436 ETH (~$45 million).
Currently Justin Sun holds 698,700 ETH (~$2.2 billion), most of which were purchased at an average price of $3 thousand and steaked (bring 180 thousand $ per day).
πŸ” #LINK Several new addresses have accumulated more than 10 million LINK in the last 24 hours.
LoC: Since June 24, 93 new wallets withdrew 12.75 million LINK ($167 million) from Binance
πŸ“ˆ The total value locked (TVL) of the Ethereum Layer 2 network is $40.7 billion (+4.4% for the week)
πŸŽπŸ‘€ #NOT Notcoin will distribute NOT for $7 million to stakers and token holders
πŸ‘€πŸ—£ QCP: While sentiment in the cryptocurrency community signals panic, large hedge funds are buying with confidence and aggressiveness #BTC in particular purchasing December and March call options aimed at a price level of $100-120 thousand.

Positive macroeconomic sentiment is also observed amid slowing inflation. The market is currently pricing in a 95% chance of a rate cut in September. #macro
πŸ³πŸ“ˆ #RNDR has experienced a notable increase in daily active addresses and whale transactions, indicating a potential trend reversal for Render from bearish to bullish
πŸ”“πŸ“ Upcoming major releases next week:
#OP 0.89% ($16.8M) - July 15
#STRK 4.92% ($36.09M) - July 15
#ARB 2.87% ($64.67M) - July 16
#AXS 1.66% ($13.65M) - July 16
#UNI 1.39% ($67.73M) - July 16
#GRT 0.76% ($13.9M) - July 17
#APE 2.31% ($11.47M) - July 17
#MANTA 1.97% ($5.6M) - July 18
#PIXEL 7.05% ($10.14M) - July 19
πŸ–Ό Top #NFT sales conducted in the last 7d
πŸ“Š Activity on gaming chains are defying price action:

#RON Ronin daily active addresses increased 3x to 1M, peaking at 1.6M

#IMX Immutable hit 320K from less than 500 before the launch of their zkEVM chain

As a benchmark, Solana grew by 3x to 1.5M. Ethereum stayed flat at 400K
πŸ—½ Donald Trump still intends to give his speech in person at Bitcoin 2024. The Bitcoin 2024 conference will take place July 25-27. source
πŸ“ŠπŸ“ˆ Based on the MVRV ratio, many altcoins sit in the buy zone. These include: #LPT #DEGO #ATA #EPS #FXS #APE #LIT #BNT #INJ
πŸ“ŠπŸ‘€ #BTC #ETF While Germany was selling, the ETFs were buying up discounted Bitcoin, absorbing over $1 billion worth from Monday to Friday.
πŸ“‰ #BTC C.Q.: Total Bitcoin reserves on CEXs have fallen sharply since early July
πŸ₯³πŸ‘€ #BTC Bitcoin whales pounce on $4.3 billion worth of BTC amid falling prices cointelegraph.com
πŸ‡°πŸ‡· The South Korean government is considering deferring the taxation of income from investments in cryptocurrency from January 2025 to January 2028. hankyung
πŸ•΅οΈβ€β™‚οΈ Address marked GCR transferred all ~1.08 million #TRUMP ($8.85 million) on BTSE Exchange 8 hours ago, making a profit of ~$8.3 million.
This wallet spent 540,700 #USDT to purchase 1.08 million TRUMP at an average price of $0.5 from November 22 to December 4, 2023.
His other wallet still contains 936,279 TRUMP ($7.23 million).
πŸ‡ΊπŸ‡ΈπŸ€” Of the top 10 stock ETFs, only VOO, IVV and QQQ raised more dollars than #BTC-#ETF's. This is quite remarkable considering the size of these ETFs compared to all bitcoin ETFs combined.
πŸ“ŠπŸ‘€ For the first time ever, Solana has surpassed Ethereum in weekly DEX volume for two consecutive weeks and now leads the monthly volume for July.

#SOL DEX Volume: $21.48B
#ETH DEX Volume: $21.04B
2024/10/06 10:21:04
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