#Btc Let's follow the channel in the short time, if it brea | Crypto De Nostradame on Binance Square

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#Btc  Let's follow the channel in the short time, if it breaks and candle closes, continue.  Otherwise, it moves to the bottom of the channel.  Let our stops be active.
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Marathon Digital Goes Full HODL with $100 Million in Bitcoin to Strengthen Treasury Strategy Marathon Digital, a leading #Bitcoin mining company, has adopted a bold HODL strategy. The company has purchased an additional $100 million worth of Bitcoin in an effort to bolster its strategic treasury reserves. CEO Fred Thiel explained that these purchases occurred within the past month and are a deliberate effort to keep Bitcoin as a strategic asset to strengthen the company’s financial foundation. Marathon’s decision to hold all mined $BTC and strategically purchase more BTC from the open market underscores the company’s bullish view of Bitcoin. This approach aligns with its belief that #Bitcoin has significant long-term value. According to a recent report by Bernstein, Marathon’s strategy has led to a noticeable decrease in the percentage of Bitcoin sold compared to production, indicating a strong holding pattern for the company. Marathon Digital is not the only company to adopt this HODL mentality. Other major Bitcoin miners, such as Riot Platforms and CleanSpark, are also implementing similar strategies. Marathon CEO Fred Thiel is a strong advocate of this approach, encouraging other businesses and sovereign wealth funds to consider Bitcoin as a strategic treasury reserve asset. Thiel says Bitcoin’s potential as a treasury reserve is unparalleled, suggesting that the cryptocurrency could become a common financial strategy for governments and corporations alike. While large-scale #Bitcoin miners like Marathon Digital have adopted the #HODL strategy, it’s worth noting that the mining industry still faces significant profitability challenges. Current average mining costs are higher than Bitcoin’s market cap, putting a financial burden on smaller mining operations. At the time of writing, the average cost of mining Bitcoin is $70,000, while the cryptocurrency’s current market cap is $65,000. This imbalance highlights the challenges faced by small private companies in the mining industry in particular.

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Elon Musk and Billy Markus Spark Discussion with New Statement About Dogecoin’s Future Billy Markus, one of the founders of Dogecoin, shared a thought-provoking perspective on social media, drawing attention to the disconnect between public desire and reality. Markus noted that people tend to “accept a very simplified, uncomplicated version of what is right,” implying that this creates a widespread mismatch between expectations and reality. His claim offers a critical perspective for examining the broader crypto debate. Elon Musk responded to Markus’ post with a sticker of a dart hitting a target, indicating his agreement with his view. The interaction between these two influential figures created significant activity on the X social media platform. The crypto community interpreted Markus’ words in the context of their own experiences, highlighting how misleading narratives drive speculative investments. This discussion highlights a major problem in the crypto world: the spread of misinformation. Despite the strong support from #Markus and #Musk , Dogecoin’s future as a globally accepted currency remains uncertain. While community support is strong, the practicalities of achieving widespread adoption are still questionable. This conversation reflects a broader issue in the crypto world: the gap between excitement and reality. While Bitcoin and Ethereum are breaking new ground with ETF approvals, other cryptocurrencies, such as #Solana , xrp , and Dogecoin, face serious hurdles. The path to similar institutional recognition and regulatory approval is challenging. However, institutional adoption trends and market dynamics offer a promising perspective, suggesting that broader adoption is on the horizon. In conclusion, the dialogue between Billy Markus and Elon Musk highlights the complexities of the crypto realities. While the market has made progress, especially with the introduction of #Bitcoin and #Ethereum ETFs, the journey for other cryptocurrencies remains challenging. ring sustainable growth and innovation within the sector.

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🇺🇸US Gross Domestic Product (GDP) has been announced. •Announced: 2.8% •Expectation: 2.0% •Previous: 1.4% 🇺🇸US Unemployment Benefit Applications have been announced. •Declared: 235K •Expectation: 237K •Previous: 243K

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Ethereum Whale Event Outperforms BTC. On-chain data shows that whale activity on the Ethereum blockchain has been quite high lately due to excitement around spot exchange-traded funds (ETFs). According to data from on-chain analytics firm Santiment, Ethereum whales have been showing significant activity lately. The indicator of relevance here is the “Whale Transaction Count”, which tracks the total amount of transfers occurring on any network worth at least $100,000. Transfers exceeding this amount are often associated with whales, so the value of this indicator can give an idea about the activities of these huge investors. When the value of the metric is high, the blockchain is currently observing many large transactions. Such a trend means that whales take an active interest in trading the asset. On the other hand, the low indicator indicates that whales may not pay much attention to cryptocurrency because they do not transfer that much. Now, here is a chart showing the trend in the Whale Transaction Count for #Bitcoin (BTC), #Ethereum (ETH), and Tether (#USDT ), the top three coins in the industry, since the beginning of the year: As can be seen in the chart above, the Whale Transaction Number for Ethereum has increased recently for these three assets. It was the highest among More specifically, #ETH has seen 77,200 whale transactions since the 17th of this month, significantly higher than BTC's 47,000 or USDT's 34,100. The sharp increase in activity for the asset is likely due to the hype around spot ETFs, which, after much anticipation, have finally launched after receiving approval by the US Securities and Exchange Commission (SEC). The Whale Transaction Count would suggest that the whales had begun to reposition themselves prior to this launch. However, based on this indicator alone, it is difficult to say exactly what kind of activity these large owners are engaged in.

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