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🐳 As crypto prices have let retail traders down,
Bitcoin
whales are growing in number. A net gain of +283 wallets holding at least 100 BTC has emerged in just 1 month. The now 16,120 such wallets on the network has broken a 17-month high.
#BTC
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🐳 Ethereum's whale activity spiked to a 6-week high as its price declined as low as $2.38K Friday. Historically, this is a sign of accumulation from high capital key stakeholders. Though not a guarantee this will have an immediate effect on prices bouncing, it is encouraging! https://x.com/santimentfeed/status/1849975890991530417/photo/1
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📊 Solana, Jito, Cosmos, and Jupiter have been the notable standouts during a tumutuous up and down week for crypto markets. Data indicates meme coins have drawn increased interest levels while Bitcoin treads water. Assuming markets keep their underwhelming trajectories going into the weekend, expect for sentiment to begin reflecting some much needed FUD, which would in turn imply a market bounce to start next week. 👍
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🧑💻 Here are crypto's top ERC-20 coins by development activity. Directional indicators represent each project's ranking positioning since last month: ➡️1) @chainlink $LINK 🥇 ➡️2) @ethereum $ETH 🥈 📈3) @ethstatus $SNT 🥉 ➡️4) #susd $SUSD 📉5) @synthetix_io $SNX ➡️6) @decentraland $MANA 📈7) @lidofinance $LDO 📈8) @fantom $FTM 📈9) @audius $AUDIO 📈10) @injective $INJ 📖 Read about the Santiment methodology for filtering notable github activity data from project repositories, and why it is so useful for crypto trading:
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Gearing Up for US Election Volatility! (TWIC October 25th) https://x.com/i/broadcasts/1yNGagPgbNDxj
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🐳 Bitcoin's whale wallets, which we can define loosely as 100 or more BTC, have grown by 297 wallets (+1.9%) in just the past 2 weeks. 🐟 During the same timeframe, the amount of wallets with under 100 BTC has shrunk by 20,629 wallets (-0.1%). 📈 As the largest key stakeholders in crypto continue to scoop up more coins from dumping retail traders, this historically leads to bullish outcomes.
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