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This is how much Binance customers have in SHIB
Binance, the largest cryptocurrency exchange by volume, updated its monthly Proof of Reserves with the company’s self-reported audit on November 1. Notably, Binance customers have $601.57 million in Shiba Inu (SHIB) under its custody.
The total amount of Shiba Inu held by Binance’s reserves is 77.48 trillion SHIB, of which 75.19 trillion is from the customers’ net balance. Essentially, this means that a 103% ratio covers SHIB’s custody. It is 300 basis points higher than the 1:1 needed ratio.
Moreover, the centralized exchange also registers its proof of reserves by the Bitcoin (BTC) blockchain. With that, it is possible to reach worldwide time precision through the leading cryptocurrency’s timechain. In November, the self-audit took place in the Bitcoin block height 814748.
SHIB price analysis
Meanwhile, SHIB is trading at $0.000008 per token by press time. Shiba Inu is moving in a weekly bullish uptrend with close to 5% accumulated gains in the last seven days.
However, SHIB is now testing price support. A breakout from this zone could lead to increased losses from the 3.48% that was already lost in the last 24 hours.
Binance is the largest SHIB holder
Interestingly, Binance is the largest holding entity for SHIB tokens. The reported reserves accrue for 13.15% of Shiba Inu’s circulating supply, split into different addresses.
Additionally, the exchange is responsible for 23% of SHIB’s daily volume, according to data from CoinMarketCap at the time of publication. In the last 24 hours, Binance alone has exchanged more than $50 million in Shiba Inu trading operations.
In this context, the ability of Binance to honor its customer’s withdrawals is of great importance to the SHIB ecosystem. Shiba Inu can also be held in self-custody on cryptocurrency wallets with support to the Ethereum (ETH) network.
$SHIB #Shib #Kri
The total amount of Shiba Inu held by Binance’s reserves is 77.48 trillion SHIB, of which 75.19 trillion is from the customers’ net balance. Essentially, this means that a 103% ratio covers SHIB’s custody. It is 300 basis points higher than the 1:1 needed ratio.
Moreover, the centralized exchange also registers its proof of reserves by the Bitcoin (BTC) blockchain. With that, it is possible to reach worldwide time precision through the leading cryptocurrency’s timechain. In November, the self-audit took place in the Bitcoin block height 814748.
SHIB price analysis
Meanwhile, SHIB is trading at $0.000008 per token by press time. Shiba Inu is moving in a weekly bullish uptrend with close to 5% accumulated gains in the last seven days.
However, SHIB is now testing price support. A breakout from this zone could lead to increased losses from the 3.48% that was already lost in the last 24 hours.
Binance is the largest SHIB holder
Interestingly, Binance is the largest holding entity for SHIB tokens. The reported reserves accrue for 13.15% of Shiba Inu’s circulating supply, split into different addresses.
Additionally, the exchange is responsible for 23% of SHIB’s daily volume, according to data from CoinMarketCap at the time of publication. In the last 24 hours, Binance alone has exchanged more than $50 million in Shiba Inu trading operations.
In this context, the ability of Binance to honor its customer’s withdrawals is of great importance to the SHIB ecosystem. Shiba Inu can also be held in self-custody on cryptocurrency wallets with support to the Ethereum (ETH) network.
$SHIB #Shib #Kri
In #Bitcoin , as in life, the foundation matters most for stability.
Physics is law,
Everything else is theory.
Anyone can break laws created by people, but I have yet to see anyone break the laws of physics.
While the connection between physics and #Bitcoin may not be immediately apparent,
There are essential principles from the world of physics that underlie the technology that powers this revolutionary monetary system.
By exploring the first principles of both physics and #Bitcoin ,
We can gain a deeper understanding of their intersection and the broader implications of their convergence.
Intersection of physics and #Bitcoin reveals an intricate relationship between the fundamental principles governing our universe and the innovative technology powering the world's first decentralized digital money.
The laws of thermodynamics, quantum mechanics, and information theory all contribute to the robustness, security, and efficiency of the #Bitcoin network.
#BTC $BTC #Kri
Physics is law,
Everything else is theory.
Anyone can break laws created by people, but I have yet to see anyone break the laws of physics.
While the connection between physics and #Bitcoin may not be immediately apparent,
There are essential principles from the world of physics that underlie the technology that powers this revolutionary monetary system.
By exploring the first principles of both physics and #Bitcoin ,
We can gain a deeper understanding of their intersection and the broader implications of their convergence.
Intersection of physics and #Bitcoin reveals an intricate relationship between the fundamental principles governing our universe and the innovative technology powering the world's first decentralized digital money.
The laws of thermodynamics, quantum mechanics, and information theory all contribute to the robustness, security, and efficiency of the #Bitcoin network.
#BTC $BTC #Kri
Everyone you know will adopt #Bitcoin ,
1. Bears / Critics will panic and buy.
2. Citizens will use it to escape fiat chaos.
3. Central banks will buy it.
4. CBDCs will fail.
5. More Countries will adopt it.
Patience is often the most challenging aspect.
Our leaders need to study #BTC ,
the next bull run will be huge,
Everything that I read literally points to the inevitability of Bitcoin.
Are you ready for the flood?
#Kri $BTC
1. Bears / Critics will panic and buy.
2. Citizens will use it to escape fiat chaos.
3. Central banks will buy it.
4. CBDCs will fail.
5. More Countries will adopt it.
Patience is often the most challenging aspect.
Our leaders need to study #BTC ,
the next bull run will be huge,
Everything that I read literally points to the inevitability of Bitcoin.
Are you ready for the flood?
#Kri $BTC
Permabears are sidelined!
They will remain sidelined,
In an asset like #Bitcoin ,
You cannot afford to be a permabear;
Gradually, then suddenly,
They will have to face reality or become like every other salty hater who would have been better off buying #BTC than being a permabear since inception.
In the long term, as I always say,
Never bet against #Bitcoin and never bet against technological advancements.
$BTC #Kri
They will remain sidelined,
In an asset like #Bitcoin ,
You cannot afford to be a permabear;
Gradually, then suddenly,
They will have to face reality or become like every other salty hater who would have been better off buying #BTC than being a permabear since inception.
In the long term, as I always say,
Never bet against #Bitcoin and never bet against technological advancements.
$BTC #Kri
Bitcoin and Ethereum break away from S&P 500 and Gold
Cryptocurrencies Bitcoin and Ethereum redefine market dynamics, veering from S&P 500 trends. Will their surge continue or face a shift?
S&P 500 trended above BTC and ETH briefly in the past week.BTC and ETH maintained their prices above $35,000 and $1,800.
During the past week, cryptocurrencies such as Bitcoin [BTC] and Ethereum [ETH] moved independently of the S&P 500 and Gold. Has this trend persisted into the new week, or has there been a change?
S&P 500 trends above Bitcoin and Ethereum
In the past week, the S&P 500 experienced a significant increase, causing it to outperform Bitcoin and Ethereum. According to Santiment’s trend analysis, the S&P 500 gained over 6% in value within just four days.
As a result of this surge, stock prices surpassed the value of cryptocurrencies like BTC and ETH. It also seemed like these cryptocurrencies were stabilizing after a period of strong price growth.
The recent upswing in the S&P 500 could be attributed to the latest Federal Open Market Committee (FOMC) report. Notably, the report announced that the Federal Reserve would maintain its current interest rate for the second consecutive month.
This decision has sparked speculation that the Fed may have completed its interest rate hikes. Consequently, this led to a notable increase in stock prices observed during the past week.
BTC and ETH prices catch up with stock prices
As per a trend chart analyzed by AMBCrypto, Bitcoin and Ethereum had moved ahead of the S&P 500 in terms of their price trends. Despite the stock market being closed for the weekend, BTC and ETH had surpassed their previous positions.
It remained uncertain whether stock prices will resume their upward trajectory when the market reopens, but cryptocurrency prices continued to rise during this period.
Bitcoin and Ethereum maintain uptrends
On 4 November, the daily timeframe chart indicated that Bitcoin had closed the trading session with a notable price increase of over 1%. At the time of writing, it was still trading with a slight price rise, exceeding $35,000.
Despite occasional declines, Bitcoin managed to maintain its price within the $35,000 range. This was a key factor that contributed to its upward trend compared to the S&P 500.
How much are 1,10,100 ETHs worth today?
In addition, an examination of Ethereum’s daily timeframe chart revealed an even more impressive performance. As of press time, Ethereum was trading with a substantial price increase of over 2%, surpassing the $1,800 mark.
The chart also indicated that Ethereum had been consistently on an upward trend for several consecutive days.
#Eth #BTC #Kri $ETH $BTC
S&P 500 trended above BTC and ETH briefly in the past week.BTC and ETH maintained their prices above $35,000 and $1,800.
During the past week, cryptocurrencies such as Bitcoin [BTC] and Ethereum [ETH] moved independently of the S&P 500 and Gold. Has this trend persisted into the new week, or has there been a change?
S&P 500 trends above Bitcoin and Ethereum
In the past week, the S&P 500 experienced a significant increase, causing it to outperform Bitcoin and Ethereum. According to Santiment’s trend analysis, the S&P 500 gained over 6% in value within just four days.
As a result of this surge, stock prices surpassed the value of cryptocurrencies like BTC and ETH. It also seemed like these cryptocurrencies were stabilizing after a period of strong price growth.
The recent upswing in the S&P 500 could be attributed to the latest Federal Open Market Committee (FOMC) report. Notably, the report announced that the Federal Reserve would maintain its current interest rate for the second consecutive month.
This decision has sparked speculation that the Fed may have completed its interest rate hikes. Consequently, this led to a notable increase in stock prices observed during the past week.
BTC and ETH prices catch up with stock prices
As per a trend chart analyzed by AMBCrypto, Bitcoin and Ethereum had moved ahead of the S&P 500 in terms of their price trends. Despite the stock market being closed for the weekend, BTC and ETH had surpassed their previous positions.
It remained uncertain whether stock prices will resume their upward trajectory when the market reopens, but cryptocurrency prices continued to rise during this period.
Bitcoin and Ethereum maintain uptrends
On 4 November, the daily timeframe chart indicated that Bitcoin had closed the trading session with a notable price increase of over 1%. At the time of writing, it was still trading with a slight price rise, exceeding $35,000.
Despite occasional declines, Bitcoin managed to maintain its price within the $35,000 range. This was a key factor that contributed to its upward trend compared to the S&P 500.
How much are 1,10,100 ETHs worth today?
In addition, an examination of Ethereum’s daily timeframe chart revealed an even more impressive performance. As of press time, Ethereum was trading with a substantial price increase of over 2%, surpassing the $1,800 mark.
The chart also indicated that Ethereum had been consistently on an upward trend for several consecutive days.
#Eth #BTC #Kri $ETH $BTC
Although 1 #Bitcoin is approaching 40k
1 USD can still buy you 2,936 Satoshis
(1 BTC = 100 million sats)
This is how we should present #Bitcoin to those unfamiliar with #BTC .
Unit bias is a significant issue! 😤
2.1 quadrillion / 21 million = 100 million.
100 million / 100 million = 1:1 Dollar/Satoshi Ratio.
Satoshi brought together years of research on cryptography, along with proof of work, to create #Bitcoin.
The genius of Satoshi was to recognize the need for a system that humans couldn't tamper with.
A gift to humanity that cannot be replicated, debased, or halted.
$BTC #Kri
1 USD can still buy you 2,936 Satoshis
(1 BTC = 100 million sats)
This is how we should present #Bitcoin to those unfamiliar with #BTC .
Unit bias is a significant issue! 😤
2.1 quadrillion / 21 million = 100 million.
100 million / 100 million = 1:1 Dollar/Satoshi Ratio.
Satoshi brought together years of research on cryptography, along with proof of work, to create #Bitcoin.
The genius of Satoshi was to recognize the need for a system that humans couldn't tamper with.
A gift to humanity that cannot be replicated, debased, or halted.
$BTC #Kri
Ripple to unlock 1 billion XRP tomorrow (November 1); What to expect?
On the first day of every month, Ripple unlocks 1 billion XRP tokens from an escrow system programmed within the XRP Ledger. On November 1 (Wednesday), the token unlock will happen again in three transactions of 100 million, 400 million, and 500 million XRP.
Interestingly, November 2023’s unlock accrues for 1.86% of the current circulating supply of 53.56 billion XRP and part of the remaining 46.43 billion XRP tokens owned by Ripple that are still locked in escrows to be released monthly until April 2027.
Three escrows will reach finality on the last minutes of October 31, held by two known crypto wallet addresses under Ripple’s control:
Address “Ripple (22)” — for an unlock of 100 million XRP, locked on September 03, 2019, with the transaction ID “7EF17…CDA6F”.Address “Ripple (22)” — for an unlock of 400 million XRP, locked on August 01, 2019, with the transaction ID “E0D06…DA8EA”.Address “Ripple (23)” — for an unlock of 500 million XRP, locked on September 03, 2019, with the transaction ID “0ECCB…F84E3”.
These two addresses still hold 4 billion XRP tokens for monthly escrows that will be unlocked within the next four months until March 1, 2024.
This is what Ripple did to the 1 billion XRP released in October
1 billion XRP tokens worth $550 million were unlocked, as expected, on October 1. Ripple immediately relocked 800 million (80%) of the total to escrows set to finalize by March and April 2027.
Notably, despite keeping 200 million XRP, the company spent 205 million tokens ($112.75 million) from its main address, “Ripple 1,” in October. For that, Ripple used 5 million XRP previously available in its balance from past months.
The sell-offs occurred weekly in three transactions, all sent to the same address, “ rJqiM…La8nE”:
On October 9, paying 60 million XRP through the transaction ID “AFAB4…1FF48”On October 16, paying 75 million XRP through the transaction ID “2B333…81843”On October 24, paying 70 million XRP through the transaction ID “BDBE1…97B07”
How does the escrow system work for Ripple unlocks?
Ripple created XRP in 2012, with a capped total supply of 100 billion XRP. The company then distributed 20 billion XRP to the creators and the core team.
Ripple’s treasury controlled the remaining 80 billion XRP and promised to release these coins gradually rather than all at once. In 2017, Ripple implemented a new system to make the release of XRP more predictable and controlled.
This system uses escrows — a smart contract that locks up XRP, making it impossible to use them unless it meets certain conditions. Ripple’s condition was to release one billion XRP on the first day of each month for 55 months, for a total of 55 billion XRP.
However, despite a monthly release of one billion XRP, Ripple only spent or sold some of them. Instead, Ripple is reportedly locking up the remaining tokens each month in new escrows for future releases. The recurrent relocks extended the 55-month deadline for all XRP to start circulating.
#ripple #xrp #Kri $XRP
Interestingly, November 2023’s unlock accrues for 1.86% of the current circulating supply of 53.56 billion XRP and part of the remaining 46.43 billion XRP tokens owned by Ripple that are still locked in escrows to be released monthly until April 2027.
Three escrows will reach finality on the last minutes of October 31, held by two known crypto wallet addresses under Ripple’s control:
Address “Ripple (22)” — for an unlock of 100 million XRP, locked on September 03, 2019, with the transaction ID “7EF17…CDA6F”.Address “Ripple (22)” — for an unlock of 400 million XRP, locked on August 01, 2019, with the transaction ID “E0D06…DA8EA”.Address “Ripple (23)” — for an unlock of 500 million XRP, locked on September 03, 2019, with the transaction ID “0ECCB…F84E3”.
These two addresses still hold 4 billion XRP tokens for monthly escrows that will be unlocked within the next four months until March 1, 2024.
This is what Ripple did to the 1 billion XRP released in October
1 billion XRP tokens worth $550 million were unlocked, as expected, on October 1. Ripple immediately relocked 800 million (80%) of the total to escrows set to finalize by March and April 2027.
Notably, despite keeping 200 million XRP, the company spent 205 million tokens ($112.75 million) from its main address, “Ripple 1,” in October. For that, Ripple used 5 million XRP previously available in its balance from past months.
The sell-offs occurred weekly in three transactions, all sent to the same address, “ rJqiM…La8nE”:
On October 9, paying 60 million XRP through the transaction ID “AFAB4…1FF48”On October 16, paying 75 million XRP through the transaction ID “2B333…81843”On October 24, paying 70 million XRP through the transaction ID “BDBE1…97B07”
How does the escrow system work for Ripple unlocks?
Ripple created XRP in 2012, with a capped total supply of 100 billion XRP. The company then distributed 20 billion XRP to the creators and the core team.
Ripple’s treasury controlled the remaining 80 billion XRP and promised to release these coins gradually rather than all at once. In 2017, Ripple implemented a new system to make the release of XRP more predictable and controlled.
This system uses escrows — a smart contract that locks up XRP, making it impossible to use them unless it meets certain conditions. Ripple’s condition was to release one billion XRP on the first day of each month for 55 months, for a total of 55 billion XRP.
However, despite a monthly release of one billion XRP, Ripple only spent or sold some of them. Instead, Ripple is reportedly locking up the remaining tokens each month in new escrows for future releases. The recurrent relocks extended the 55-month deadline for all XRP to start circulating.
#ripple #xrp #Kri $XRP
Stop letting people in "power" control your every move,
Study #Bitcoin ,
People need understand why CBDCs are problematic.
If you fall out of favor with the government,
which seems increasingly likely nowadays,
your funds can disappear instantly.
The state mishandled your finances.
The state mismanaged your energy sector.
The state jeopardized your food supply.
The state compromised your education.
The state undermined your healthcare.
It's time to reconsider your allegiance to such a failing system.
Time is the most important concept to grasp.
Yet, some still fail to grasp this,
Time is our scarcest resource.
Time is the canvas on which life is painted.
Time is the currency of experience.
Time is the ultimate judge of our actions and choices.
Stop wasting it.
#BTC #Kri $BTC
Study #Bitcoin ,
People need understand why CBDCs are problematic.
If you fall out of favor with the government,
which seems increasingly likely nowadays,
your funds can disappear instantly.
The state mishandled your finances.
The state mismanaged your energy sector.
The state jeopardized your food supply.
The state compromised your education.
The state undermined your healthcare.
It's time to reconsider your allegiance to such a failing system.
Time is the most important concept to grasp.
Yet, some still fail to grasp this,
Time is our scarcest resource.
Time is the canvas on which life is painted.
Time is the currency of experience.
Time is the ultimate judge of our actions and choices.
Stop wasting it.
#BTC #Kri $BTC
This is you and me, as plebs, in the middle of acquiring #Bitcoin ,
Competing with every gigantic institution around,
Remain focused.
The SEC has no valid arguments to deny a Spot #Bitcoin ETF.
They will be forced to accept it.
If Fidelity, BlackRock, and ten other ETF issuers all agree that #BTC is an asset class,
The size should potentially be 100 to 1000 times larger than it currently is.
All are the catalyst for the bull market.
$BTC #Kri
Competing with every gigantic institution around,
Remain focused.
The SEC has no valid arguments to deny a Spot #Bitcoin ETF.
They will be forced to accept it.
If Fidelity, BlackRock, and ten other ETF issuers all agree that #BTC is an asset class,
The size should potentially be 100 to 1000 times larger than it currently is.
All are the catalyst for the bull market.
$BTC #Kri
Reasons to dislike Bitcoin
extremely unreliable over long term-can be shut off by leaders-preferred currency for terrorists-ponzi scheme dependent on yields-easy to censored-units too big/small hard to divide-wastes energy on massive governance-hard to understand-already defaulted numerous times-nobody knows how many there are-easy to counterfeit-has numerous competitors-a cult of delusion and deception-nobody uses themReasons to like Dollars-censorship resistant-more and more people use them-reliable value and issuance over long term-extremely portable-infinitely divisible-saves lives-everyone uses themNow flip “Dollars” and #Bitcoin .Few understand… all fears geared towards #Bitcoin are actually true of fiat.#BTC #Kri $BTC
Are you searching for the best way to protect your property?
Look no further!
#Bitcoin is the perfect solution for safeguarding your it.
With a secure and decentralized network, your assets are safe from theft and manipulation.
Aren't we tired of living inside a giant pyramid scheme controlled by criminals who manipulate us into believing they are the good guys and that they want what is best for us?
#BTC🔥🔥 #Kri $BTC
Look no further!
#Bitcoin is the perfect solution for safeguarding your it.
With a secure and decentralized network, your assets are safe from theft and manipulation.
Aren't we tired of living inside a giant pyramid scheme controlled by criminals who manipulate us into believing they are the good guys and that they want what is best for us?
#BTC🔥🔥 #Kri $BTC
Bull run is starting now!
And then comes the dump.
Bitcoin is dead!
And then comes the pump.
It always goes like this.
This is how money is transferred from the small players to the big ones, from the uninformed to the informed, from retail to the whales.
I have placed my bets on shorts based on rational considerations from the last few weeks and months.
The fake news pump this week has shaken the market quite a bit, but so far, I see no reason to reconsider my decision.
I still think we will see 23k before the start of the bull run.
Where you place your money is your decision. But make it rationally, not based on gut feelings.
The first moment I would really reconsider is if Bitcoin closes above 32k daily/weekly. Not a liquidity grab, but a close.
Then I would ask myself, is this a deviation after which it still goes down, or is it going higher into a new range and I was the uninformed this time.
#bitcoin #BTC #Kri $BTC
And then comes the dump.
Bitcoin is dead!
And then comes the pump.
It always goes like this.
This is how money is transferred from the small players to the big ones, from the uninformed to the informed, from retail to the whales.
I have placed my bets on shorts based on rational considerations from the last few weeks and months.
The fake news pump this week has shaken the market quite a bit, but so far, I see no reason to reconsider my decision.
I still think we will see 23k before the start of the bull run.
Where you place your money is your decision. But make it rationally, not based on gut feelings.
The first moment I would really reconsider is if Bitcoin closes above 32k daily/weekly. Not a liquidity grab, but a close.
Then I would ask myself, is this a deviation after which it still goes down, or is it going higher into a new range and I was the uninformed this time.
#bitcoin #BTC #Kri $BTC
Would you really want to explain to your grandchildren in 2040 that you didn't purchase #Bitcoin in 2023?
For billions and billions of people, this is life.
Are you happy with it? 🤔
You're born, you go to school, you go to college, you get a job, you get married, you have children, you work for almost 60 years, you retire, and you die.
Is that really the way things are supposed to be on this planet?
I don't think so.
And the majority (outside of #Bitcoin and probably some bitcoiners as well) never seriously ask these questions:
What does it mean to be human?
Who is pulling the strings?
Why are we here?
What is this realm we call Earth?
Is it like this on other planets in this universe, or others?
I hope we get to figure things out one day.
Opt in for #Bitcoin so you can help me figure this out .
#BTC $BTC #Kri
For billions and billions of people, this is life.
Are you happy with it? 🤔
You're born, you go to school, you go to college, you get a job, you get married, you have children, you work for almost 60 years, you retire, and you die.
Is that really the way things are supposed to be on this planet?
I don't think so.
And the majority (outside of #Bitcoin and probably some bitcoiners as well) never seriously ask these questions:
What does it mean to be human?
Who is pulling the strings?
Why are we here?
What is this realm we call Earth?
Is it like this on other planets in this universe, or others?
I hope we get to figure things out one day.
Opt in for #Bitcoin so you can help me figure this out .
#BTC $BTC #Kri
#Bitcoin :- As long as $34k holds aiming for $38k-$41k.
Not trying to be smart with BTC.
Accumulating few Alts not with bottom reversals in weekly.
My biggest bet is still on Bitcoin.
I know this might sound a bit different but Alts will have their best time only when Bitcoin is done and I don’t think it’s done yet.
I would appreciate your views on this.
#Crypto #BTC $BTC #Kri
Not trying to be smart with BTC.
Accumulating few Alts not with bottom reversals in weekly.
My biggest bet is still on Bitcoin.
I know this might sound a bit different but Alts will have their best time only when Bitcoin is done and I don’t think it’s done yet.
I would appreciate your views on this.
#Crypto #BTC $BTC #Kri
Long-term investors are buying up Litecoin
On August 2, 2023, Litecoin experienced its third halving on the Litecoin network, after which the asset's price plummeted 46%.
However, onchain metrics hint that LTC has reached a tipping point.
Long-term holders started buying unusually large volumes of Litecoin around October 5.
The chart below shows that between October 13 and October 17, they were replenishing their balances by at least 400 thousand coins every day. On October 15, Holder's Net-In purchased 413,949 LTC, which was the highest since June 2021.
Holder's Net-Inflow metric estimates the daily increase in the number of coins in the wallets of investors who have held the asset for at least one year.
An increase in the metric tends to indicate growing confidence in the long-term price prospects of the asset.
To confirm this hypothesis, we can cite the fact that in the last three cases, a sharp jump in Holder's Net-Inflow led to an increase in Litecoin's price by at least 25%.
#litecoin #Kri $LTC
On August 2, 2023, Litecoin experienced its third halving on the Litecoin network, after which the asset's price plummeted 46%.
However, onchain metrics hint that LTC has reached a tipping point.
Long-term holders started buying unusually large volumes of Litecoin around October 5.
The chart below shows that between October 13 and October 17, they were replenishing their balances by at least 400 thousand coins every day. On October 15, Holder's Net-In purchased 413,949 LTC, which was the highest since June 2021.
Holder's Net-Inflow metric estimates the daily increase in the number of coins in the wallets of investors who have held the asset for at least one year.
An increase in the metric tends to indicate growing confidence in the long-term price prospects of the asset.
To confirm this hypothesis, we can cite the fact that in the last three cases, a sharp jump in Holder's Net-Inflow led to an increase in Litecoin's price by at least 25%.
#litecoin #Kri $LTC
#Bitcoin is a pension that actually works.
Humans have never built a stronger, more secure computing network.
If you are here now, and you are saving in #bitcoin , you are set;
Continue the path.
Sometimes it will be difficult, but it will pay off.
The army of plebs will have more purchasing power than some of the billionaires that exist in 2023.
(This will take a couple of decades)
There are 5.3 billion people on Earth with access to the internet.
Let's say 1 million coins are lost.
For each person, there are 0.0038 Bitcoins.
It's truly incredible.
#BTC is the first money that don’t need a military army to protect itself.
$BTC #Kri
Humans have never built a stronger, more secure computing network.
If you are here now, and you are saving in #bitcoin , you are set;
Continue the path.
Sometimes it will be difficult, but it will pay off.
The army of plebs will have more purchasing power than some of the billionaires that exist in 2023.
(This will take a couple of decades)
There are 5.3 billion people on Earth with access to the internet.
Let's say 1 million coins are lost.
For each person, there are 0.0038 Bitcoins.
It's truly incredible.
#BTC is the first money that don’t need a military army to protect itself.
$BTC #Kri
