🥳 #USDT Bybit announced about adding the ability to trade major indices using USDT: China A50 Index Cash CFD (USD), Dow Jones Index Cash CFD (USD), NAS100 Cash, Nikkei Index Cash CFD (JPY), Hang Seng Index Cash CFD (HKD) and others.
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📊 #BTC On-chain data shows an increase in Bitcoin outflows from exchanges - all three 30-, 50-, and 100-day moving averages show this. This is the largest withdrawal of Bitcoin from exchanges since November 2022.
🤖📉 #AI & Big Data sector tokens have lost $4.69 billion in market capitalization over the past 3 days. cointelegraph
📊🤔 #BTC IntoTheBlock: Historical MVRV Insights:
2017 Peak: 4.35
2021 Peak: 3.7
During the current cycle, MVRV peaked at 2.64, which seems relatively low to signal a market top.
2017 Peak: 4.35
2021 Peak: 3.7
During the current cycle, MVRV peaked at 2.64, which seems relatively low to signal a market top.
🕵️♂️ The wallet of 7 Siblings, an organization with $2.2 billion in assets, withdrew 28,120 #ETH during the recent drop.
It is noteworthy that during the correction on August 5, this organization spent 129.3 million #USDC to purchase 56,093 ETH at an average price of $2,305. Recently, when the price of Ethereum dropped again, they spent another 66 million USDC to buy 28,120 ETH at an average price of $2,350. Last purchase was 45 minutes ago.
It is noteworthy that during the correction on August 5, this organization spent 129.3 million #USDC to purchase 56,093 ETH at an average price of $2,305. Recently, when the price of Ethereum dropped again, they spent another 66 million USDC to buy 28,120 ETH at an average price of $2,350. Last purchase was 45 minutes ago.
😨 #BTC Standard Chartered: Concerns over Middle East risks will see BTC fall below $60,000 before the weekend. theblock.com
💰 VC Monthly Report in Sep: Crypto VC disclosed 97 investment projects, a decrease of 13% MOM; the total financing amount in was $610 million, a decrease of 23%; among them, Celestia completed $100 million in OTC token sales, Infinex raised $65.3 million through Patron #NFT sales, Huma Finance completed $38 million in financing, and Bitget and Foresight Ventures purchased $30 million of #TON.
🇪🇸🥳 Spanish bank BBVA is partnering with Visa to launch a stablecoin next year. fortune
📊 #BTC According to CoinMarketCap research, BTC usually reaches ATH 518-546 days after the halving. But this time, BTC is ahead of schedule by 100 days, mainly due to BTC-ETF, etc. Therefore, it may reach its peak between May and June 2025. cointelegraph
🔮 #BTC C.Q.: Stock-to-Flow adjusted for volatility
If demand remains stable, the price should reach an ATH of $410K by the next Halving.
Overall, this all seems like astrology, but in the previous two cycles, the model lagged, whereas in this one, it almost hit the target.
If demand remains stable, the price should reach an ATH of $410K by the next Halving.
Overall, this all seems like astrology, but in the previous two cycles, the model lagged, whereas in this one, it almost hit the target.
🥳👀 RWA platform Credbull launches a private credit fund of up to $500 million with a fixed high yield on the Plume network. coindesk.com
🗽🥳 Transak expanded cryptocurrency services in the US after receiving a license in Alabama. cointelegraph
🥳👀 #AXL Axelar launched the Axelar Launches Mobius Development Stack (MDS) interaction standard.