Attractive:

💠
Binance exchange announced: Will support each#Binanceaccount of those with residential addresses in 25 provinces and cities affected by storms and floods, accounts must complete POA before September 10, 2024. Each account 50$ in #BNB

💠
Details here: https://binance.com/vi/blog/charity/binance-charity-s%E1%BA%BD-airdrop-%C4%91%E1%BA%BFn-1-tri%E1%BB%87u-%C4%91%C3%B4-la-m%E1%BB%B9-b%E1%BA%B1ng-bnb-cho-ng%C6%B0%E1%BB%9Di-d%C3% B9ng-t%E1%BA%A1i-khu-v%E 1%BB%B1c-ch%E1%BB%8Bu-%E1%BA%A3nh-h%C6%B0%E1%BB%9Fng-b%E1%BB%9Fi-c%C6%A1n-b%C3%A3o-t%E1%BA%A1i-vi%E1%BB%87t-nam-6509243834797979119?hl=en? utm_source=BinanceVN&utm_medium=VNSocial?ref=10806125… 💠 How to Verify account: https://binance.com/vi/support/faq/account-verification-10315cfd150e438b82d306f6e657e996?ref=10806125

✅ The average daily trading volume on the#Bitcoinnetwork is around $6.2 billion.

💠 This trading volume has dropped below the yearly average. It shows the market is quiet. (Buyers are not willing to buy high. Sellers are not willing to sell low).

💠 The graph includes 3 lines:
- The black line is the price of #Bitcoin.
- The red line is the trading volume on the#Bitcoinnetwork.
- The blue line is the average annual trading volume.
Source: Glassnode

💠 Note for beginners: The trading volume on the network is different from the trading volume on the exchange. The trading volume on the network is the actual volume of#Bitcointransferred on the Bitcoin network. The trading volume on the exchange is the volume of Bitcoin bought and sold.
- For example: When you buy 1BTC but leave it on the exchange, it is only recorded as transaction volume (buy, sell). This transaction has not taken place on the#Bitcoinnetwork, so it is not recorded as an online transaction. When you withdraw that 1 BTC from the exchange, it will be recorded as an online transaction.

Despite volatile and uncertain market conditions, Bitcoin miners continue to install new ASIC hardware, pushing the overall hash rate higher (14D-MA), reaching 666.4EH/s and just 1% below ATH.

Source: Glassnode
(Total#Bitcoinheld by miners now: 60,390 $BTC, this number increases every month).

According to @coingecko statistics, the value of an Iphone compared to#Bitcoinover time!

10 people who could reach $1,000B in assets in the next 10 years.

Source: vietnambiz

Notable Projects in the#SuiEcosystem

1. NAVI Protocol (NAVX)
- Price: $0.057
- Market Cap: $11.6M
- Diluted Market Cap: $56.7M
- TVL: $254.6M
- Circulating Supply: 204,777,485 Navx
- Total Supply: 1B Navx

2. Scallop (SCA)
- Price: $0.23
- Market Cap: $11M
- Diluted Market Cap: $57.6M
- TVL: $116.2M
- Circulating Supply: 47,798,881 Sca
- Total Supply: 250M Sca

3. Cetus Protocol (CETUS)
- Price: $0.0615
- Market Cap: $19.6M
- Diluted Market Cap: $30.7M
- TVL: $106M
- Circulating Supply: 319,285,581 Cetus
- Total Supply: 500M Cetus
- Max Supply: 1B Cetus

Week 36.2024 saw $255M of#Stablecoinswithdrawn from centralized exchanges.
=> Reflecting investor frustration.

Week 36/2024 saw 6138#bitcoinsdeposited to centralized exchanges.

#Bitcoin trading volume in week 36/2024 reached $29,578,977,738 per session on average. Down 0.74% compared to week 35.
=> This reflects the market's hesitant sentiment. Because the trend has not been determined, we should temporarily stay out.

#Bitcoin price update on September 7, 2024

- The current Bitcoin price chart is still in a downtrend. But the small time frames from 1D down have entered the oversold zone.

- The current support zone is 52k2. However, it is very likely that there will be a wick down to the 49k zone or at worst 47k4.

=> In case there is no daily candle closing below 52k2, the Bitcoin price will recover to the 69k zone. If there is a daily candle closing below 52k2, nothing can be said in advance.

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In fact, the current market decline, like previous cycles, is just a retest.

- In terms of severity (percentage), it is not as serious as previous cycles.

- In terms of time, this cycle is persistent, torturing investors more!

According to the data on the base price and market price of the @Glassnode page:
- When the price of#Bitcoinis trading below 31k4, the market enters a downtrend.
- When the price of#Bitcoinis trading from about: 31k4 to 51k6, it is in a difficult to determine phase, accumulating to increase or distributing to collapse.
- When the price is trading from 51k6 - 73k1, the market is still in an uptrend.
- When the price is above 73k1, it is a Fomo market.
=> The current price of#Bitcoinis 57k1, so it is still in an uptrend.

According to @glassnode the average cost basis of#Bitcoininvestors across age groups is as follows:

🔴 1 day-1 week: $59.0k

🟠 1 week-1 month: $59.9k

🔵 1m-3m: $63.6k

🟣 3m-6m: $65.2k

3 hours ago 30k#BTCabout 1.9 billion USD transferred from#Binancecold wallet to hot wallet!

Summary of Donald Trump's speech at the Bitcoin 2024 conference.

1. If he returns to the White House, he will ensure that the federal government never sells out its bitcoin holdings.

2. The United States will be the crypto capital of the planet and the world's bitcoin superpower.

3. On his first day as president, he will fire Gary Gensler, (Chairman of the Securities and Exchange Commission, who strongly suppresses cryptocurrencies).

4. Bitcoin will one day surpass the capitalization of gold, so don't sell your Bitcoin.

5. Bitcoin and cryptocurrency will skyrocket, if he is elected president.

6. It's not Bitcoin that threatens the dollar, it's the US government that threatens its dollar.

7. There will be no CBDC during his presidency.

8. Bitcoin symbolizes freedom, sovereignty and independence. Escape from government repression and control.

9. The day he is sworn in, Joe Biden and Kamala Harris's anti-crypto campaign will end.

(Summary according to article on CNBC so may not be in order of speech).

At the end of the tunnel is light.
- Mining for sale.
- German government sells.
- Mt.gox returns assets to customers.
- US government sells.
=> If you can't lower the price, you have to increase it!!!

According to @Glassnode the cost basis (Bitcoin) of the short-term investor group is higher than the market price. That means they are at a loss.
- Groups from 1W - 1m base cost about: 68k5
- Groups from 1m - 3m basic cost: 66k4
- Groups from 3m - 6m base cost is about: 57k3
#BTC
#Bitcoin

SOME REASONS TO SEE THE BOTTOM IS NEAR

1. Open interest and funding interest rates are very low

2. Almost all Altcoins (Except Bitcoin) have entered the oversold zone.

3. Altcoins have dropped from 20%-60% since the peak.

4. The fear and greed index is very bad, reflecting the public's frustration.

5. Newly listed tokens are even below the pre-price of early investment funds.

6. Bad news such as miners selling Bitcoincoin, German government selling BTC, Mt.gox paying Bitcoin to customers are almost reflected in the price. 

7. Macro news such as: (QE, Interest rate cuts, changing election time, etc. are approaching). 

8. ETH ETF is in the final stages of listing.