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Mr_Coin
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I am going to invest in SAGA COIN 🪙. JOIN ME AND. it is going to a new hip #SAGALAUNCHPOOL

I am going to invest in SAGA COIN 🪙.

JOIN ME AND. it is going to a new hip #SAGALAUNCHPOOL

Aviso legal: Se incluyen opiniones de terceros. Esto no representa asesoría financiera. Lee los TyC.
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Bitcoin: 111,000 $BTC Removed From Crypto Exchanges, What's Behind It. According to crypto analyst Ali, nearly 111,000 Bitcoin (#BTC ), valued at around $7.55 billion, were moved out of known crypto exchange wallets in the last month. This trend highlights a gradual reduction in BTC supply on exchanges in recent months, implying an exodus from cryptocurrency exchanges. One probable explanation for the Bitcoin exodus is that an increasing number of investors prefer to retain their Bitcoin in private wallets rather than on exchanges. Furthermore, institutional Bitcoin adoption has recently accelerated. These institutional investors might wish to secure their holdings in private wallets or cold storage for long-term purposes. The withdrawal of such a large amount of Bitcoin from exchanges might potentially cause a supply crunch, in which demand for BTC surpasses available supply. This scenario might pave the way for a bullish rally. In an April 4 tweet, Ali reported 21,400 BTC, worth around $1.40 billion, being moved to accumulation addresses that have never spent funds in a single day. 220,000 BTC added to whale balances. On-chain analytics firm Into TheBlock reports that Bitcoin ETFs have amassed more than 4% of the BTC supply in less than three months. The amount of Bitcoin held by addresses with 1,000 BTC or more, called "whales," has surged dramatically since the ETFs' inception, with the aggregate balance of whale addresses hitting its highest point since June 2022. This year, the balance of whales has increased by 220,000 BTC, totaling $14.2 billion, with 210,000 of these BTC coming from net inflows into ETFs, which have powered the vast bulk of the whales' accumulations. This has pushed Bitcoin to fresh all-time highs, contributing to increased demand for crypto assets. BTC was up 2.23% in the previous 24 hours to $69,286 at the time of writing.#BullorBear #BinanceLaunchpool #Memecoins #Mr_Coin
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Shiba Inu Skyrockets 60% in Burn Rate; What It Means for #SHIB Price. SHIBInu ($SHIB ) has witnessed a remarkable surge in its token burn rate as its price is eyeing momentum. Data from the tracking site Shibburn shows that more than 24.2 million SHIB tokens were burned during the last 24 hours. This means that the token burn rate is currently up 61.02%. The current circulation supply of the meme coin is a whopping 582.7 trillion tokens. With such a massive circulation supply, the Shiba Inu ecosystem requires token burning events to ensure the scarcity of the SHIB tokens. A balanced circulation supply is imperative, not only for the #SHIB price but for a resilient ecosystem as well. Keeping this in mind, the Shiba Inu community has been active, sending millions of tokens to the dead wallets. Data reveals that around 410.7 trillion tokens have been burned or taken out of the initial supply. This shows the commitment of the community toward the ecosystem. The future outlook for SHIB is going to remain positive if this trend continues and the community remains steadfast. #Shiba Inu price outlook The price of Shiba Inu has witnessed a notable rise amid the surge in its burn rate. As of writing this article, SHIB is trading at $0.00002815 after an increase of 3.18% in the last 24 hours. While the price is still down 10.86% during the last 30 days, today's surge is hinting at a trend reversal. The meme coin may likely come out of the consolidation phase soon. Supporting this outlook is the rising trading activity of the coin. Data shows that the 24-hour trading volume of Shiba Inu has surged by 17.39% as it currently stands at $523.51 million. Clearly, the market is now eyeing further gains from SHIB, and it appears that bulls have started to enter the market. On the flip side, Shiba Inu may likely continue to consolidate as the market is currently anticipating the Bitcoin (BTC) halving event. Market participants may prefer to sit on the sidelines until the halving event as they may want to observe the impact of this major event on the market.
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