We brings you the latest, real-time updates from the world of cryptocurrency. Stay ahead with breaking news on blockchain, market trends, and crypto events.
📈 $BTC is up +10.9% in Uptober and is the best performing asset!
Remember that after "Uptober" comes "Moonvember". Historically, on average the best performance month for Bitcoin. We are probably just getting started.
📊🤔 $BTC The 7-day weighted average funding rate is at a neutral level (0.009 - 0.01%), which is much lower than this year’s peak values. Meanwhile, the price is in the ATH zone.
This indicates low demand for leveraged positions as many speculators await a pullback. The market remains underexposed to longs even at the current BTC price.
📉🤔 $BTC CEO #CryptoQuant : Over the past two weeks, we've observed significant ETF inflows, led by #BlackRock 's IBIT.
If spot ETF inflows might slow down at some point, the BTC/USD buy-side pressure from brokerage firms like Coinbase Prime might weaken, potentially leading the market back into stagnation.
🕵️ $ETH The smart trader with a 100% win rate in swing trading ETH bought 7,483 ETH ($18.8M) today!
From Aug 12 and Sept 28, he traded ETH 10 times, making money every time, with a total profit of ~$2.14M! Since Oct 14, he has traded ETH 2 more times, making a profit of 133 ETH ($334K).
He currently holds 10,216 ETH ($25.6M), with an unrealized loss of $1.21M.
📊🤔 $BTC Unlike earlier in the year, the amount of Bitcoin available on so-called over-the-counter (OTC) desks is large enough to form a buying venue for the #ETF's . This, onchain analytics platform, CryptoQuant said, allows large purchases that do not impact the spot price.
Currently, total daily Bitcoin purchases from ETFs represent between 1% and 2% of the total Bitcoin balance on OTC desks. This contrasts with a share of 9%–12% of total OTC balances in Q1 2024.
#MichaelSaylor's prediction of $13 million per Bitcoin by 2045 might seem ambitious. However, BTC would need to grow by approximately 28% each year to reach this target. In comparison, #CathieWood 's target of $1 million, it requires 55% annual growth.
🎢🤔 $BTC #Bitwise : Short-term holder realized profits just spiked to the highest level since April 2024, implying significant profit-taking into the most recent rally towards new all-time highs.
Note that short-term holder activity is mostly dominated by whales.
📊👀 $BTC #CryptoQuant : The total OTC desk balance has held pretty steady since the beginning of September. The 30-day change is just 3,000 BTC, down from a June high of 92,000 BTC. During the first quarter, the pent-up demand led to a negative 30-day change in OTC desk balances, which helped propel the asset to its record high.
📈🥳 $BTC #CryptoQuant : Active Addresses Momentum: A Golden Cross Is Imminent!
Historically, when the 30-day moving average crosses above the 365-day moving average —known as a "golden cross"—it indicates upward price momentum in the market.
📊🤔 $BTC is near its all-time high, yet Coinbase stock remains down 40% since its IPO. This gap is surprising given how closely BTC and #COIN typically move together.
With Bitcoin poised for another rally, this could be a buying opportunity for Coinbase.