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Bitcoin is set to close seven months in the green for the first time ever.
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𝗔𝗿𝗲 𝘄𝗲 𝘀𝘁𝗶𝗹𝗹 𝗶𝗻 𝗮 𝗯𝘂𝗹𝗹 𝗿𝘂𝗻? 👉 In the last 30 days, #Bitcoin permanent holders and ETFs have accumulated a staggering 404,448 BTC. 👉 Meanwhile, only 13,500 BTC were mined in the same period. This means the accumulation by these key players is **30 times** more than the new BTC supply coming into the market. But why does this matter? 𝗧𝗵𝗲 𝗪𝗵𝗮𝗹𝗲𝘀' 𝗣𝗹𝗮𝘆𝗯𝗼𝗼𝗸 In an uptrend, large holders (aka whales) accumulate assets, driving demand and pushing prices higher. When the market turns down, these same players start distributing or selling their holdings. 𝗧𝗵𝗲 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆 Such significant accumulation by permanent holders and ETFs could be a sign that we are still in a bullish phase. These big players are positioning themselves for potential gains, which often signals confidence in the market's upward momentum. So, are we still in a bull run? The actions of these whales certainly suggest so! 🐋🚀 #CryptoMarkets #BTC☀ #bitcoinbullrun2024
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Bitcoin bull-bear cycle indicator flips bullish as price holds $60K ➡️The Bitcoin bull-bear market indicator has turned green once more after Bitcoin's drop below $50,000 triggered its first bearish signal since January 2023. #BTC #bitcoin #Binance #ETH #USDT
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📢$108 billion VanEck CEO predicts Bitcoin is going to $2.9 million 🔥 #BTC #BTCUpdate
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Sui Name Service Goes Decentralized Power to the Community! 🚀 Sui Name Service (SuiNS)! 🌐 🔗 Embracing decentralization, SuiNS is evolving into a decentralized protocol! This move aims to enhance accessibility and transparency, empowering the community with decision-making through the $NS token. 🌟 What is SuiNS? Similar to Ethereum Name Services, SuiNS offers user-friendly names for the Sui ecosystem, replacing complex wallet addresses with simple identifiers like @James. 💡 Governance Mechanism: Holders of $NS tokens will wield voting power on proposals, ensuring community-driven governance. No token usage by the foundation guarantees community control and transparency. 🔮 Looking Ahead: With a commitment to openness and user input, SuiNS is poised to revolutionize digital identity in blockchain. Stay tuned for more updates and join us on this decentralized journey! #SUI🔥🔥🔥🔥 #Decentralization #Blockchain #CryptoCommunity #digitalcrypto
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#BTC First Target 🎯hit successfully ✅
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