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#CryptoQuant
: Currently, whales hold 368,696 unprofitable
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, purchased in the range of $54K-$73K, amounting to $20.6 billion.
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๐๐ $BTC What will drive the market up this week: โ Demand for coins among STH โ๏ธ Donald Trump's victory โ๏ธ Fed's decision to lower the key rate by 25 bps
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๐๐ $BTC Over 15% of all Wrapped Bitcoin is now staked, reflecting an ongoing rise in demand for Bitcoin yield-generating options like staking.
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๐ถ๐ $DOGE Despite the recent price dip, the Dogecoin network is still expanding, adding over 35,000 new DOGE addresses daily.
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๐ $BTC Long-Term Holders (12+ Month) Sold 177,617 BTC in the Last 7 Days. This chart displays Balance Changes by Time Held, offering insight into the movement of older Bitcoin. These older coins, referred to as Long-Term Holders (LTH), typically belong to investors with a long-term outlook, unlike short-term speculators, and are generally less associated with market volatility.
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๐ $BTC is up +10.9% in Uptober and is the best performing asset! Remember that after "Uptober" comes "Moonvember". Historically, on average the best performance month for Bitcoin. We are probably just getting started.
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