Guys. Euphoria is starting in the market❤️ We will be flying very high🤦‍♂️👍

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Remember, a dog is a man's best friend❤️❤️❤️

Guys! Congratulations, Bitcoin has broken 96 thousand dollars, soaring without correction, just as I told you on September 29 😏
At 112 thousand, don't forget to lock in 10 percent❤️
I hope you are all well.
Hugs to everyone❤️

The CEO of CryptoQuant examined the unrealized profits of various cohorts in the chain in detail. At the top, of course, are the old whales, whose profits reach 223%. However, new whales who have come from traditional finance and acquired Bitcoin through ETFs have very modest unrealized profits — only 1.6%.

The profits of small miners have exceeded 130%. In comparison, large miners have to settle for 81% unrealized profit. According to the CEO of CryptoQuant, this indicates that these profits are insufficient. Therefore, the current bull market cycle is unlikely to end at this stage.

Ki Young Ju, the founder and CEO of CryptoQuant, noted that the initial investments of new whales are almost double the total investments of old whales

The reserves of new Bitcoin whales outpace those of old ones
Photo generated with the help of chat.openai.com, pngwing.com

Data shows that short-term holders own bitcoins worth a total of $110.6 billion, which is double the $67 billion held by long-term holders. To qualify as a short-term holder, the average age of the coin must be less than 155 days. CryptoQuant also does not consider the addresses of centralized exchanges and miners.

Bitcoin’s dominance continues to grow, reaching 61.5% on November 21, the highest since March 2021. It also pushed the total crypto market cap to an all-time high of $3.28 trillion.

Meanwhile, Ethereum continues to weaken, remaining flat on the day and trading at $3,100 at the time of writing. The ETH/BTC ratio is also at its lowest in three and a half years.

Most altcoins are also in the red today as Bitcoin continues to take market share from them. Dogecoin (DOGE), Shiba Inu (SHIB), Sui (SUI), and most memecoins suffered the biggest losses as hopes for an altcoin season faded. However, most of them have now managed to recover a significant portion of their recent losses.

Meanwhile, Capriole Fund founder Charles Edwards stated that "common sense" cannot comprehend Bitcoin above $100,000, and when this mark is reached, retail FOMO will begin.

"A ton of supply is offloaded between $90,000 and $100,000 for this reason. Teleportation happens beyond $100,000 when the masses reconnect to FOMO".

On November 21, Lookonchain reported that whales continue to accumulate BTC even at peak prices. One whale accumulated 3,289 BTC worth over $300 million from Binance in the last two days and currently owns 25,010 BTC worth $2.37 billion.

Wednesday also became another important day for spot Bitcoin ETFs, as the IBIT fund from BlackRock received $628 million.

Industry experts and analysts have begun to speak about the supply shock, as demand for BTC significantly exceeds supply.

On November 21, ETF Store President Nate Geraci noted that nearly 20 million BTC have already been mined, between four and five million have been 'lost', and one million is in Satoshi's wallets. Moreover, Bitcoin ETFs currently hold one million BTC, and MicroStrategy is on track to acquire 400,000 BTC.

Guys! Last chance for LTC on the spot at 89 dollars each - this is a gem for digital silver. ✌🏼✌🏿✌️

Believe me, I was almost never wrong❤️

Guys! There is just over 1 percent of the price left until 100 thousand dollars in Bitcoin.
I'm giving you 30 minutes to hit 100000 dollars or I will start complaining❤️❤️❤️😏😏😏👍👍👍

This is a historic moment.

The founder of the company, Charlie Lee, expects that the approval of the Litecoin ETF may happen as early as 2025, which will lead to an increase in the price of LTC to $200 and above.

The cryptocurrency market is on the verge of transitioning from the 'enthusiasm' stage to the 'euphoria' phase. This forecast was made by analysts from Glassnode and Fasanara Digital in their report on the state and prospects in the fourth quarter of 2024.

The report emphasizes the rapid recovery of the market after the bankruptcy of the cryptocurrency exchange FTX in November 2022. Since then, the market capitalization of Bitcoin (BTC) has increased by 372%, and its dominance has risen from 38% to nearly 60%.

In contrast, the market share of Ethereum (ETH) has decreased from 17% to 12.8%. The reason is the low influx of capital and a decline in interest from retail investors.

The sentiment in the market has also improved with the emergence of the first spot Bitcoin ETFs in the USA. Funds that offer such instruments currently manage assets worth $70.9 billion (about 5% of Bitcoin's supply). A historical maximum of open futures positions on Bitcoin has also been recorded at $37.1 billion. There is a noticeable increase in the volumes of spot BTC trading.

Experts noted a sharp rise in interest in the tokenization of real-world assets (Real World Assets, RWA). This trend is one of the key ones in the cryptocurrency market in the fourth quarter of 2024.

iShares analysts spoke about the impact of the economy on the cryptocurrency market. According to experts, Bitcoin has gained a new status among investors — the status of an asset with characteristics of an alternative monetary instrument. iShares explained: despite volatility, the long-term fundamental characteristics of Bitcoin significantly differ from those of stocks and other risky assets: "Bitcoin can be considered an alternative monetary instrument because it remains independent of specific states, existing economic and monetary systems".

Read more on Bits.media: https://bits.media/ishares-bitkoin-poluchil-sredi-investorov-novyy-status/

Over the past year, six new crypto billionaires have emerged, bringing the total to 28. The number of people with cryptocurrency portfolios exceeding $100 million has increased by 79% to 325.

“Of the six new crypto billionaires who emerged over the past year, five grew their wealth through Bitcoin, highlighting the cryptocurrency’s dominance in attracting long-term investors who buy assets for large sums,” explained Andrew Amoils, an analyst at New World Wealth.

Singapore is the leading cryptocurrency hub*, with Hong Kong in second place and the UAE in third. The top five also included the United States and the United Kingdom.

Bitcoin has increased in price by 2.4 times over the past year. The cryptocurrency was trading at around $26.1 thousand a year ago, and during trading on Tuesday, August 27, quotes are around $62.5 thousand.

The number of people in the world holding cryptocurrencies worth over $1 million has nearly doubled, increasing by 95%, in the last 12 months.
As of the end of June 2024, their number reached 172.3 thousand people. This is stated in a study by the consulting company Henley&Partners.

Gautam Chughani, Managing Director of Global Digital Assets at Bernstein: "Welcome to the bull market of cryptocurrencies – buy everything you can. We still believe that our target price for Bitcoin at $200,000 will be reached by the end of 2025. Even at the current price, we believe that the risk/reward ratio will be favorable over the next 12 months."

Eric Demuth, CEO of Bitpanda: "Bitcoin is now reaching new highs every day, not just over a few months. Everything indicates that we are at the beginning of a new bullish growth. It is quite likely that this rally could continue for some time. There is a chance that we could see $100,000 this year or even this month. If you want to benefit from this in the short term, you should act quickly. But again: what really matters is the long-term perspective – and that is very positive."

Kiyong Joo, CEO of CryptoQuant: "I expect the price of Bitcoin to be $58,974. I hope I'm wrong. I anticipated a correction as the BTC futures market indicators were overheated, but we are in a price discovery mode, and the market is getting even hotter. If a correction and consolidation occur, the bull market could last longer; however, a strong rally at the end of the year could lead to a bear market and a price of $100,000 for BTC in 2025."

Tony Sycamore, market analyst at IGcom: "What's next? After reaching a peak of just under $74,000 in mid-March, BTC spent the next seven months charging up like a spring. The election of cryptocurrency supporter Donald Trump last week became the catalyst for resolving this tension. Given this momentum, a rise to $100,000 seems likely. We also expect a shift to coins like ETH, which is about 17% below its annual high."

What do analysts say about the further development of prices? Many come to the conclusion that $100,000 for BTC is quite achievable, but not everyone is sure that this will happen this year.

Ben Simpson, CEO of Collective Shift: "With the election of Trump, falling interest rates, the possibility of future quantitative easing, and stable daily volumes of Bitcoin ETFs in the billions of dollars, more and more people are realizing this potential. Given the limited supply, such as that of Bitcoin, and increasing demand, the market has only one direction. Therefore, the key milestone will be surpassed in the near future".

Daniel Winkler, CEO of 21bitcoin: "Considering the current macroeconomic changes, such as changing interest rates and growing interest from large institutional investors, I still see great potential. More and more private and institutional investors are discovering Bitcoin as an asset class, which will certainly be reflected in the price in the coming weeks and months".

Marcus Tilen, founder of 10x Research: "I think that by December or January we will see the BTC price at $100,000."

Guys! How to trade today? It's simple - since we entered Bitcoin earlier, we are waiting.

Guys. Bitcoin is flying, as we thought, alts are lagging behind for now. When Bitcoin reaches 112 and stabilizes a little or corrects its dominance will decrease and alts will shoot.
Therefore, we are preparing to buy alts. Ether will also go later.
I will inform you as we go. For now, we are holding our positions. Good luck to everyone!!!❤️

Bitcoin will exceed 94 thousand in the coming hours👍
Good!
Good!