The U.S. Bitcoin spot ETF had a net inflow of over $10 billion and held over 400,000 Bitcoins, which has exceeded the annual supply after the halving in April (about 164,000 Bitcoins).
The BTC holdings of long-term investors who held Bitcoin for more than 155 days fell from 14.9 million to 14.29 million, accounting for nearly 70% of the total supply; the BTC holdings of short-term holders increased from nearly 2.3 million to 3.07 million, an increase of more than 33%.
Bitcoin has hit a record high, but whales holding more than 1,000 BTC have not sold them. They believe that BTC still has huge room for growth. Comparing March and October 2021, whales sold Bitcoin at $60,000, and then BTC hit a record high.
In April 2024, Bitcoin will have its fourth halving. According to historical experience, Bitcoin’s price performance has been excellent in the 12 months after each halving. However, this halving seems to be different from the past.
Bitcoin is no longer just a savings value, it still has new vitality after halving.
1.WLD
As the current leader in the AI field, WLD is supported by OpenAI founder Sam Altma and aims to build the world's largest and fairest digital identity verification system. The project solves the authenticity problem of the online world through a unique personality proof mechanism.
As a new project launched in July 23, WLD has obvious unique advantages in the field of artificial intelligence. The participation of many new investors and the public support of several major market makers have provided strong support for the development of WLD.
It is worth noting that the total number of WLD holders continues to grow. The gradual increase in the number of holders indicates a lasting trust in the potential of Worldcoin and an expanding user base committed to its long-term value. In the world of cryptocurrency, the user base is one of the key factors that determine the success of a project. Therefore, as a representative project in the UBI field, WLD obviously has huge market potential.
2. OK
Ondo Token pioneers the Real World Asset (RWA) space, providing opportunities for tokenized yield. Its mission is to bridge traditional finance with the decentralized world of cryptocurrency by allowing the use of real-world income-generating assets such as bonds and real estate.
Despite the inherent volatility in the cryptocurrency market, Ondo has demonstrated stable market sentiment. This stability is attributed to its commitment to creating products that prioritize security and accessibility. Additionally, strategic partnerships and dedication to transparency strengthen Ondo’s reputation as a reliable choice in the cryptocurrency market.
Its emphasis on compliance and security has received positive feedback through partnerships with top institutions. Interest in Ondo’s innovative products such as USDY reflects the growing demand for high-quality, regulated crypto assets with global appeal. Checking ONDO’s recent performance, the token is currently trading in a price range of $0.70 to $0.95.
Over the past month, the index has risen significantly by 31.18%, while over the past six months it has soared by 246.94%. The 30-day volatility is 21%, which is relatively stable. Currently, ONDO is trading about -0.99% below the cycle high and 8.07% above the cycle low.
Furthermore, analyzing ONDO’s trajectory, it faces the nearest resistance at $1.09, followed by resistance at $1.34. If it falls, potential support could emerge around $0.59 and then $0.34.
3. RNDR
Currently trading between $8.80 and $10.70, RNDR is showing more corrective movement, reflecting a pullback from higher prices as reflected in negative month and week changes.
Considering RNDR's current situation, a balanced price outlook is key. On the upside, a breakout above the nearest resistance at $11.65 could push the second resistance at $13.56, which could signal a recovery. However, a break below the nearest support at $7.84 could result in a further drop towards $5.93, which requires caution. With the RSI and Stochastics relatively neutral, RNDR could see consolidation and volatility in the short term.
4. PEOPLE
Decentralized artificial intelligence protocol BitTensor ($TAO) hit an all-time high of more than $770 per token on Thursday. The token has since retreated to around $616, but is still up about 12% on a 24-hour basis. The gains came after BitTensor was listed on Binance, the world’s largest cryptocurrency exchange.
Despite the pullback from its highs, $TAO is still up more than 10x from its October lows. Artificial intelligence is still a big topic in the market. But its market cap is still relatively small at around $4.1 billion, and there is still a lot of room for growth. After all, AI companies like Nvidia are already valued at over $1 trillion.
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