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Bitcoin Faces Potential Sell-Side Liquidity Crisis Amid Unprecedented Demand
According to CryptoPotato, there is a very high chance that Bitcoin will face a liquidity crisis on the sell side in the next few months as demand for the digital asset rises to unprecedented levels. Analysts expect the current Bitcoin sell-side liquidity inventory to meet demand for six to twelve months. Conversely, a decline in liquid stock could push the price of Bitcoin (BTC) northward.
Monthly demand for Bitcoin has increased from 40,000 BTC at the beginning of 2024 to 213,000 BTC at the time of writing. CryptoQuant measures demand solely by the 30-day growth in the total balance of accumulation addresses receiving and holding BTC. The dramatic increase in BTC demand is due to other large holders of Bitcoin such as exchange-traded funds (ETFs) and whales in the US. Whales currently holds approximately 1.57 million BTC; This is a significant increase from the 874,000 BTC recorded at the beginning of 2024.
While demand is rising, sell-side liquidity continues to decrease. The amount of BTC in sell-side liquidity units is hovering around 2.7 million BTC, down from the all-time high of 3.5 million BTC recorded in March 2020. As Bitcoin demand soared and sell-side liquidity decreased, Bitcoin's liquid inventory plummeted. It fell to its lowest level ever in terms of monthly demand. Removing BTC from non-US CEXs will further reduce Bitcoin liquid inventory to six months, as US spot ETFs will only source BTC from local entities.
ETF
Bitcoin

Arrow Markets Raises $4 Million in Series A Funding Round
Arrow Markets, an options trading platform based on Avalanche, has successfully completed a $4 million Series A funding round, according to PANews. Institutions such as Tura Framework Ventures, Delphi Ventures and Avalanche Blizzard Ecosystem Fund participated. Arrow Markets intends to provide quotes for option contracts on the Avalanche chain using the Request for Execution (RFE) mechanism.
#avax

ENA token will be listed in just 2 days ✅What is #ethena(#ENA)?
Ena, a decentralized finance protocol built on the Ethereum blockchain, has a synthetic dollar called USDe... While the market cap of the Sana startup is only $85 million, its current value in US dollars is around $1.3 million.🌪️
Ethena's synthetic dollars are USD, and its investors earn a fixed income by using them to hedge Lido's STETH-style staking tokens. Additionally, these tokens attempt to set a fixed price of $1, balancing this with long-term short Ether positions on derivative exchanges.
On April 2, 2024 at 08:00 (UTC), Binance will officially announce Ena and introduce various trading pairs, including ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD, and ENA/TRY. This strategic decision underscores Binance's commitment to increasing liquidity and accessibility in the cryptocurrency market and offers investors a wide range of options to engage with emerging assets like ENA.
Details of the Ethena (ENA) initial pool have been announced.🌏#Binancehas overhauled Ethena's seed pool features, providing clarity on important issues such as token supply, rewards and staking conditions. July With the maximum token supply capped at 15,000,000,000 ENA, participants can expect significant rewards of 300,000,000 ENA allocated to Launchpool token rewards, representing 2% of the total token supply.
Of particular note is the initial supply of ENA coins in circulation, set at 1,425,000,000 ena, which is 9.5% of the maximum coin supply. Running on the Ethereum blockchain, Ethena enforces betting conditions that require Know Your Customer (KYC) verification, ensure compliance with regulatory standards, and increase user security.🔒
#BinanceLaunchpool$ENA

Circle Issued $3.5 Billion USDC and Received $2.8 Billion Back in the Last Week
According to Foresight News, official data reveals that Circle issued approximately $3.5 billion USDC and redeemed $2.8 billion USDC in the last seven days, resulting in a net increase of $600 million in circulation. USDC's total circulation currently stands at $32.4 billion and its reserves stand at $32.6 billion. Approximately $4.2 billion of these reserves are cash, and the Circle Reserve Fund has approximately $28.4 billion.

Meme Cryptocurrencies Are Experiencing Significant Price Increases
According to PANews, Coingecko's latest data reveals that many meme cryptocurrencies are experiencing significant price increases. MEW (ked in dog world) is currently trading at $0.007097, up 159.4% over 24 hours. DEGEN (Degen) is trading at $0.03232 with a 24-hour increase of 36.4%. DOG (The Doge NFT) is trading at $0.01769, up 30% in 24 hours. Finally, WIF (dogwifhat) is trading at $4.6, up 28.1% in 24 hours.
These significant price increases underscore the interest and growing popularity of meme cryptocurrencies. As the market continues to evolve, it is crucial for investors to stay informed about the latest trends and developments in the cryptocurrency space.
#WİF

Bitcoin Returns to $70,000 as SOL Approaches $200
According to CryptoPotato, Bitcoin has returned to the $70,000 level after falling below that level yesterday and failing to overcome it decisively in the recovery phase. Several altcoins such as ETH, BNB, DOGE, and SHIB turned red on the daily scale, but SOL performed better and remains close to $200.
After a relatively quiet weekend, Bitcoin's business week started on a positive note, with the asset rising from around $64,000 to $66,000 before climbing as high as $70,000 on Tuesday. The bulls increased the pressure and pushed BTC to a new 15-day high just below $72,000 on Wednesday. However, the asset was strongly rejected here and pulled back to $68,400 after hours. Bitcoin soon began to recover and once again approached $72,000, but to no avail. Another decline followed and BTC fell to $69,200 yesterday. However, as of now it has managed to recoup most of the losses and stands at just over $70,000.
Its market capitalization remained between approximately $20 billion and $1.4 trillion, and its dominance over altcoins stood at 49.7% on CoinGecko. SOL gained almost 6% overnight and once again stalled near $200. TON's rise is similar, with the asset rising well above $5. Ripple, Cardano, Avalanche, Polkadot, Chainlink and Tron are also in green, albeit more modestly. BCH has continued its rise ahead of the second halving, which is just a few days away and is currently trading above $600. In contrast, ETH and BNB and the two largest meme coins, SHIB and DOGE, also fell slightly. Total crypto market capitalization has remained relatively stable on a daily basis and is currently below $2.8 trillion.
#Bitcoin #SOLANA.

Investor Made $1.9 Million by Selling MEMEcoin mfer
According to PANews, a trader recently spent 0.1 ETH ($351) to buy MEMEcoin mfer and sold some of it for 499 ETH ($1.77 million), leaving them with 1 million mfer tokens. The transaction resulted in a profit of approximately $1.9 million, a return of 5,598 times the investment.
The data was obtained from Lookonchain, a blockchain tracking platform. This significant profit underscores the potential for high returns in the cryptocurrency market, especially with meme-based tokens. However, since the market can be volatile and unpredictable, it is important for investors to be careful and do thorough research before investing in any digital asset.

Grayscale Dynamic Income Fund Allocates PoS Tokens Osmosis, Solana, and Polkadot
Grayscale's actively managed investment product, Grayscale Dynamic Income Fund (GDIF), has identified three Proof of Stake (PoS) tokens to be held in the fund, according to BlockBeats. While Osmosis (OSMO) has 24%, Solana (SOL) 20%, Polkadot (DOT) 14%, the remaining 43% belongs to other tokens.
Data from Stake Rewards reveals that current staking reward rates are 11.09% for OSMO, 7.42% for SOL, and 11.9% for DOT. Grayscale previously announced the launch of its first actively managed investment product, the Grayscale Dynamic Income Fund (GDIF), which aims to optimize income in the form of rewards on PoS digital assets.
#Solana #Polkadot

Total Financing of Cryptocurrency and Blockchain Companies Exceeded $1.4 Billion in March
Total funding for cryptocurrency or blockchain companies in March exceeded $1.4 billion, the highest monthly level since September 2022, according to BlockBeats. The significant increase in early-stage investment cases was the main driver behind the growth in financing volumes in March. With over 20 Series A financing cases.
The Block Research Director John Dantoni pointed out that the remarkable performance in March was partly due to the increase in early stage (Series A round) investments. The number of early-stage investment cases exceeded 20 in March, much higher than the 9 cases in February.

Top 5 Countries with the Highest Bitcoin Interest: El Salvador, Nigeria and More
According to CryptoPotato, El Salvador is at the top of the list of countries with the most interest in Bitcoin, according to Google Trends data. The Central American country made headlines in 2021 when it became the first country to officially recognize Bitcoin as legal tender. Since then, pro-Bitcoin political leader Nayib Bukele and his administration have outlined numerous Bitcoin-related initiatives, including a veterinary hospital paid for with cryptocurrency, volcano bonds, and mining with excess volcano energy. El Salvador currently holds $400 million worth of BTC.
Nigeria ranks second in terms of interest in Bitcoin, despite the government's earlier ban on banks serving cryptocurrency customers. The African country has been fighting galloping inflation for years and blames the cryptocurrency industry for the devaluation of its fiat currency. However, as many surveys have shown, Nigerians have always been fond of Bitcoin and other digital assets.
The other three countries in the top five are Liechtenstein, Switzerland and Austria, which are European countries with strong economies. Switzerland is known to be pro-crypto, with the product traded on multiple cryptocurrency exchanges in the Swiss market, a local bank offering staking for different assets, and the Canton of Zug allowing certain payments to be made with Bitcoin and Ethereum.
#Bitcoin

Ethereum and Solana Defend Clash Amid Falling Chances

According to Decrypt, the momentum of the Solana ecosystem's recent comeback began to cool this week, leading to intensified exchanges between blockchain advocates and defenders of its dominant rival Ethereum. Ethereum co-founder Vitalik Buterin blamed high gas fees for stalling progress, while Solana co-founder Anatoly Yakovenko described Ethereum as a 'cockroach settlement layer'. The dwindling fortunes of major Solana winners of recent weeks, such as dog-themed meme coin BONK, have also caused tensions to rise further. Meanwhile, native tokens of Ethereum layer-2 networks such as Optimism and Arbitrum have seen significant increases, likely due to lower gas fees. The feud between Ethereum maximalists and defensive Solana advocates has come to define much of the Twitter discourse surrounding the two blockchains.
#solona #etheryum

Bitcoin Mining Shares Outperform Tech Giants in 2023

According to CryptoPotato, Apple's Vision Pro headset announcement in June led to a 55% increase in its share price in 2023, while Amazon's shares rose 79% as its AWS division pivoted to AI-focused products. However, these technology giants could not enter the top 10 in the 2023 annual return rankings. Instead, the best performers were all Bitcoin mining stocks; four companies were among Wall Street's top ten performers this year. These companies even outperformed Bitcoin's 157% price gains for the year; This indicates a strong demand from traditional investors for a safe and regulated way to include cryptocurrency in their portfolios.

Four Bitcoin mining stocks that are outperforming almost the entire market; Cipher Mining (CIFR), which ranked third for the whole year after gaining 1,042% in 12 months, Marathon Digital (MARA) and CleanSpark (CLSK) rose to fourth place with a 783% return on investment. It ranks seventh on Wall Street with 590%, and Riot Blockchain (RIOT) ranks tenth with a one-year gain of 430%. Galaxy Digital CEO Michael Novogratz commented on the trend, saying, “Crypto stocks are trading almost like a frenzy.”

became mining stocks; four companies were among Wall Street's top ten performers this year. These companies even outperformed Bitcoin's 157% price gains for the year; This indicates a strong demand from traditional investors for a safe and regulated way to include cryptocurrency in their portfolios.

BONK stopped loss and sold at 2121, how nice 😂
When I first entered the industry, I always waited for my money to be refunded.
In fact, it is better to sell bad targets in time and stop losses.
Many people carry contracts but do not want to sell.
Always carrying orders and always losing money #Bonk

💰 How to Earn 25$ USDT Daily 🎁🚀
#MethodOfficially Changed by Binance

📲 How to Request:
1. Scan the QR code provided.
2. Tap "Get Crypto Box" to claim your reward.

💼 Prize Details:
- Each crypto box contains 0.01 – 3 USDT, which is randomly assigned to each user.
- Invite your friends to the Binance app and ask them to participate in the red packet campaign to earn extra Crypto Boxes.

🚀 Binance Payment Offer:
- New promotion for users who have not transferred crypto via Binance Pay before.
- Send at least USD 0.01 equivalent using Binance Pay to be eligible for rewards of up to 100 USDT.
- Claim up to 100 USDT by following simple steps in the Binance app.

🎉 Binance Crypto Box Red Pack and Earn Up to 25 USDT:
- Create a Red Packet and share it with your friends to earn up to 25 USDT.
- The Crypto Red Packages you send are valid until 01.12.2023.
🤝 How to Participate:
1. Open the Binance app and tap in the upper right corner to access Binance Pay.
2. Click on the "Send Crypto to Earn up to 100 USDT" banner.
3. Enter the recipient's details, select the currency and send the equivalent of at least $0.01.
4. Complete the transaction to get rewards up to 100 USDT.
📣 Invite Your Friends for More Rewards:
- Share your QR code with your friends to get extra Crypto Boxes.
- The first 10 users with the most invites can earn 50 USDT each.
🌟My Opinion:
This Binance campaign is a great opportunity. Scan the QR code, claim your reward and don't miss the opportunity to maximize your earnings!
🔗 FAQ:
- What is the Binance Crypto Box Red Packet Campaign?
- It is a campaign where Binance users can claim free rewards by scanning the QR code.
.#btc#Eth #launchpool

Weekly Market Highlights - MicroStrategy Accumulates More Bitcoins

Macro/TradFi

Japan is scheduled to approve an overhaul of its tax regime that will prevent companies from paying taxes on unrealized crypto gains. If approved, the proposed revision is expected to go into effect for fiscal year 2024.

According to Reuters, the SEC has set a December 29 deadline for final updates on Bitcoin spot ETF applications. Issuers that fail to meet the deadline may miss out on being included in the first batch of potential spot bitcoin ETF approvals scheduled for early January. #btcNFT

PayPal USD Stablecoin Records 264 Million Minted Tokens and 4,761 On-Chain Addresses

According to Foresight News, on-chain data reveals that PayPal's US dollar stablecoin PayPal USD (PYUSD) has currently issued a total of 264 million tokens. The number of on-chain addresses holding the stablecoin stands at 4,761, with a total of 26,181 on-chain transactions recorded.

Don't forget to follow my channel, friends👍

🚨Channel Finance on BNB Chain Was Hacked, Resulting in Over $320,000 in Loss🚨

🚨According to Foresight News, BlockSec's Phalcon reported that Channels Finance on the BNB Chain was hacked, resulting in a loss of over $320,000..🚨
#BNB'

According to CoinMarketCap data, the global cryptocurrency market value is at 1.69 trillion dollars, an increase of 1.85% compared to the last day.

Bitcoin (BTC) has been trading between $42,089 and $43,192 in the last 24 hours. As of 09:30 (UTC) today, BTC is trading at $42,607, down -0.80%.

Most of the major cryptocurrencies by market cap are trading mixed. The market's top performers include WRX, BONK and TRB, up 30% and 21% respectively.

Market movers:

ETH: $2,357.85 (-1.24%)

BNB: $317.4 (-3.76%)

LEFT: $109.05 (+5.54%)

XRP: $0.6294 (-1.87%)

ADA: $0.6198 (-4.01%)

AVAX: $41.79 (+0.29%)

DOGE: $0.09244 (-0.94%)

POINT: $8,615 (-0.27%)

MATIC: $1.0037 (-4.06%)

TRX: $0.10608 (+0.34%)

Top earners on Binance:

WRX/USDT (+30%)

BONK/USDT (+21%)

TRB/USDT (+21%)

#Bitcoin

$BTC update

Trade with caution, btc is falling, did not break the 42700 resistance

Possible decline downwards is 40 thousand or 38 thousand
Since today is the closing of the month, there is a high probability of a dump. The market will retest week and month levels to capture liquidity before resuming the trend
#BTC#etf #ETH