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YG crypto
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100M Liras Transferred to Binance from Dormant Bitcoin Wallet! 😱 In a stunning turn of events, a Bitcoin wallet that had been dormant for 14 years suddenly came to life! 👻 Back in July 2010, a miner earned 50 $BTC for his work, worth a mere $2.5 at the time. Fast forward to today, those same bitcoin are now worth a whopping $3.76 million! 💰 The wallet, which had been inactive since the early days of Bitcoin, transferred its entire balance to #Binance , a popular cryptocurrency exchange. 📈 This story highlights the incredible growth and value appreciation of #BTC over the years. From a novelty to a mainstream investment, the world's first cryptocurrency has come a long way. 🌍 But why did the owner wait so long to move their bitcoin? 🤔 Some speculate they simply forgot about their wallet, while others believe they were waiting for the perfect moment to cash in on their investment. 💡 Regardless of the reason, this event serves as a reminder of the potential rewards of holding onto your #Bitcoin for the long term. 📈
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And there you go, $ROOT breaking out as expected! 🚀 Already 20% up since my post yesterday and still with a huge upside potential! 📈
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🔻FTM Struggles After Channel Break: Is More Downside Likely?🔻 Uh oh, $FTM isn't looking happy. The price decisively broke out of its trading channel and dipped about 5% in the process. Now it's retesting a key support level that previously held firm, but the overall market sentiment isn't exactly screaming "#Bullish ." Here's a breakdown of the situation: Channel Breakout: FTM lost momentum and broke the bottom of its trading channel. Support Retest: The price is currently attempting to find support at a previously established level. Market Woes: The broader crypto market isn't showing much enthusiasm, which could put additional downward pressure on #FTM . Potential for Further Dump? The lack of bullish market response and the support retest raise concerns about a potential further drop for FTM. However, it's important to remember that technical analysis is not a crystal ball. Do You Think FTM Will Dump More??? #FantomFTM #Fantom
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The number of $BTC on "OTC" wallets has grown significantly since May 2024 - CryptoQuant data.
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Bitcoin Weekend Volume Slumps: Cause for Concern❓ Bitcoin's weekend trading activity has hit a new low in 2024. Currently, weekend volume sits at a meager 16%, a significant drop from the 28% peak observed in 2019. This could indicate several things: Reduced Retail Participation: Traditionally, weekends see a surge in retail investor activity. Lower weekend volume could suggest less individual investor interest in #Bitcoin compared to past years. Institutional Shift: Perhaps institutional investors, known for weekday trading, now dominate the market, reducing the weekend volume impact. Market Maturation: A more mature market might see smoother #trading activity throughout the week, diminishing the weekend dip. What Does This Mean? It's too early to say definitively. While lower weekend volume might suggest waning retail interest, it could also be a sign of a maturing market. What to Do? Consider this news alongside other #market indicators. Look for changes in price volatility, trading volume across the week, and overall market sentiment. Remember, this is just one data point. #DYOR $BTC
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