💰 Yesterday ETFs bought 5,700 BTC, but only 450 were mined | TopCryptoNews on Binance Square

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💰 Yesterday ETFs bought 5,700 BTC, but only 450 were mined
If this continues, Bitcoin will become the most scarce asset in the world.
#ETF #BTC $BTC 

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🐸 Pepe Coin Price Prediction: Analysts Forecasts 1,400% Surge as Historical Patterns Resurface Analysts predict a 1400% surge for Pepe coin price as historical patterns and wave analysis signal a major rally. During the Monday Asian market session, the cryptocurrency market showcased a neutral stance after a notable correction last week. As the pioneer cryptocurrency, Bitcoin, holds its position above $68,000, the altcoin market shows potential for bottom formation. Amid the U.S. presidential election, crypto analysts highlight a repetitive pattern in Pepe coin price prediction, signaling the potential for a 1,400% surge. 🔸 Analysts Predict 1,400% Rally for Pepe Coin Price Prediction as Historical Patterns Emerge In a recent tweet, crypto analyst Waleed.Eth shared an interesting wave formation in Pepe coin price prediction, which sparked the bull run from February to May 2024. The initial allocation marked in mid-2023 sets the stage for a defined Wave 1, characterized by progressive upward movement and resistance points labeled as Top 1 and Top 2. Furthermore, the PEPE price witnessed a post-rally correction to recuperate the exhausted bullish momentum for the actual rally. The downturn offers a fake breakdown below the 200 Exponential moving average as a shake-out to remove weak hands from the market and attract long-term investors. Over the past eight months, the PEPE coin price prediction showed a similar structure of 2 tops and a fake breakdown below the 200 EMA. If history repeats, the analysts predict a third-wave rally for Pepe coin to target $0.000118, registering a potential growth of 1400%. Consecutively, the asset’s market cap could hit $50 Billion. 🔸 Short-Term Investor Risks Grow as MVRV Drops Below Zero According to Santiment data, the 30-day Market Value to Realized Value (MVRV) ratio recently dropped to -16%. The MVRV indicator is crucial for assessing overbought or oversold conditions, signaling potential market reversals and opportunities for strategic accumulation. #Pepe #pepecoin

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🔥 DOGE, XRP Surprisingly Outperformed All Cryptos As cryptocurrency markets are losing steam after the bullish completion of "Uptober," some veteran cryptocurrencies are performing surprisingly well. By contrast, popular new meme coins like Popcat (POPCAT) are in red. 🔸 DOGE, XRP, XMR: Top gainers in crypto you did not expect Dogecoin (DOGE), the oldest meme coin and largest meme cryptocurrency by market capitalization, is the leader of the top 100 cryptos by market performance. In the last 24 hours, its capitalization added 3.7% and exceeded the impressive $23 billion level. In the last seven days, Dogecoin (DOGE) also outperformed all competitors with a 9% upsurge. In total, the capitalization of the meme coin segment dropped by 0.6% overnight. Popcat (POPCAT) is the worst performer here, with 11.7% in value erased overnight. The largest cat-themed crypto lost its place in the top 50. Popular meme coins Floki (FLOKI), Pepe (PEPE) and Based Brett (BRETT) are also in the red. Floki (FLOKI) saw its capitalization dropping below $1.2 billion. XRP, one of the oldest altcoins, also shines bright, adding 1.7% amid dominant market apathy. Its capitalization targets the $30 billion mark. 🔸 $228 million liquidated as Bitcoin (BTC) yet again disappoints bulls Monero (XMR), the largest privacy-centric cryptocurrency, is yet another unexpected member of the top gainers' list. Monero (XMR) added 1% and is ready to conquer the $3 billion capitalization level. A month ago, Kraken, the last major exchange with Monero (XMR) support, was forced to blacklist the asset from European users. Today, the market benchmark is down by 1.2%. The largest cryptos, Bitcoin (BTC) and Ethereum (ETH), added 0.6% each. In total, over $228 million in crypto positions (70% longs) were liquidated in the last 24 hours as Bitcoin (BTC) failed to stay above $70,000. Bitcoin's (BTC) drop below $68,000 pushed the Fear and Greed Index to 70/100, the lowest in 10 days. #Doge #XRP

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📊 LUNC Price Prediction: Terra Classic Price is Plunging Terra Classic (LUNC) is catching the attention of crypto enthusiasts. Recent patterns and a strong trading volume suggest that the potential rally could be more than a quick boost – it might be the start of a longer upward trend. In this Terra Classic price prediction article, we'll dive into what's driving Terra Classic's breakout, why traders are feeling bullish, and what could lie ahead for LUNC's price journey. 🔸 How has the Terra Classic (LUNC) Price Moved Recently? As of today, Terra Classic (LUNC) is valued at $0.00008496, with a 24-hour trading volume of $18.84 million, a market cap of $492.12 million, and a market dominance of 0.02%. Over the past day, LUNC's price has dropped by 5.38%. Terra Classic hit its peak price on April 5, 2022, when it reached an all-time high of $119.01. Its lowest recorded price was $0.00001651 on May 13, 2022. Since that high, LUNC's lowest point has been $0.00001651, while its highest since then was $0.00059. Currently, the market sentiment around Terra Classic leans bearish, while the Fear & Greed Index reflects a level of 69, indicating 'Greed'. The circulating supply for Terra Classic stands at 5.79 trillion LUNC, out of a maximum supply of 6.88 trillion. The yearly supply inflation rate is slightly negative at -0.01%, with 579.27 million fewer LUNC created in the past year. 🔸 Terra Classic Price Drops Following Significant Token Burn In recent days, Terra Classic (LUNC) has experienced notable price movements driven by intensified token burn activities. In a single transaction, 49,472.28 LUNC tokens were burned within just one hour, bringing the total burn count to a significant 7,062,267.40 LUNC. Of this, 49,573.28 tokens were removed via direct transactions, while the bulk—7,012,694.12 tokens—was eliminated through tax-based mechanisms. With a burn rate surge of 2,494%, these actions reflect the community’s aggressive stance on reducing LUNC’s supply. #LUNC

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⭐️ Only 628 Billion Shiba Inu (SHIB) in 24 Hours: Did Whales Give Up? In contrast to the trillion-level transactions that were the on-chain activity for Shiba Inu, the same level has significantly declined with only 628 billion SHIB transacted in the last 24 hours. This declined volume raises concerns about the long-term viability and market appeal of SHIB by pointing to a potential change in whale activity. A few conclusions emerge from the data analysis. Perhaps as a result of weak price movement or unappealing market conditions, the current decrease in transaction volume may indicate that large holders or whales are reducing their SHIB activity. There may be less buying pressure as a result of the decreased whale participation, which could prevent any quick price increase. It may be more difficult for SHIB to maintain any bullish momentum if whale transactions decline because there may be less liquidity and trading interest. Without whale support, which frequently stabilizes erratic markets, SHIB may be more vulnerable to abrupt price changes in reaction to comparatively smaller market orders. According to the technical chart, SHIB has been having trouble keeping up its upward trend. Any organic rally will probably rely largely on retail interest and smaller investor participation due to the lack of whale activity, which may not be sufficient to generate significant gains. The asset's recent support at $0.000017 and the resistance levels at $0.000018 and $0.00002, where SHIB would require substantial volume to break through, are important levels to keep an eye on. One way or another, on-chain data is only the reflection of things that are already happening on the market and fundamental factors are way more important when trying to predict the movement of the asset in the future. #SHIB #Shibalnu

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🔥 Bitcoin ETF Flows Are 'Massive Red Flag,' Analyst Says Jim Bianco of Bianco Research has poured cold water on the success of Bitcoin exchange-traded funds, arguing that the massive concentration of the largest cryptocurrency in traditional finance is not "something to be celebrated." In fact, according to Bianco, this should be treated as a major red flag. According to the analyst, the price of Bitcoin should have hit the $100,000 level months ago based on all the bullish catalysts such as massive ETF inflows and the Federal Reserve rate cut that took place in September. However, this wasn't the case. The price of Bitcoin failed to log a new all-time high earlier this week despite the record-breaking inflows recorded by BlackRock's IBIT. Bianco has noted that the gold price is substantially higher due to ETF inflows. According to the researcher, gold ETFs receive mostly fresh money, but Bitcoin ETF flows are mostly "on-chain or centralized exchange money." Hence, this is why the Bitcoin price is struggling to surge higher. "Spot BTC ETF trades are only $16k. This seems to be money shifting from former Coinbase retail accounts to the ETF, so it's not new money," he noted. This analysis, however, has expectedly attracted some backlash from Bitcoin enthusiasts. For instance, Bitcoin maximalist Fred Krueger claimed that Bianco's statement was not supported by evidence. Moreover, he has noted that Bitcoin is up as much as 65% on the year-to-date basis, significantly outperforming the yellow metal. #BTC #Bitcoin #ETF

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