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Crypto News Aggregator by EXCAVO
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#Dogecoin
whales have bought up over 60 million
$DOGE
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📉 The demand for $BTC among retail investors is almost dead. Everybody wanted to buy Bitcoin at $73K, but nobody wants to buy it at $59K.
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📊👀 MVRV Momentum indicates that $ETH is still in a downtrend with no signs of reversing yet
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🎢 $BTC #CryptoQuant : History does not have to repeat itself, but statistics suggest otherwise: On average, a bull market lasts 796 days. On average, a bear market lasts 337 days. The current bull cycle has been going on for 628 days, which hasn't even reached the average yet.
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⛏ $BTC Miners See Decreasing Wallet Balances ▪️ Balances dropped: From 2.5M BTC in 2011 to under 2M BTC by 2024; ▪️ Selling for costs: Miners sell during market volatility and post-halving. Miners are under pressure to sell off their assets as they face operational challenges.
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📊 $BTC above the warm supply realized price is a positive sign, while dropping below it may indicate the start of a longer bear market. Right now, this level is $66,000. If Bitcoin stays under it, bulls should proceed with caution.
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