We are trying to make the Binance SQUARE Platform more valuable and attentive for you. Here are the details of our news;
The total number of active wallets has also reached its lowest levels in recent years. During the week of May 27, 614,770 active wallets were recorded, the lowest figure since December 2018. This decline shows that trading activity among Bitcoin investors has decreased. BTC holders state that the market has entered the consolidation phase.
What is the reason for the decline?
Juan Pellicer, a senior researcher at IntoTheBlock, attributes Bitcoin's declining wallet activity rate to weaker retail participation compared to past cycles. Pellicer told Cointelegraph that this year's all-time high was driven by institutional capital. He also stated that the economic situation has led individual investors to reduce their allocation to crypto.
The decline in the activity rate reflects investors in Mt., which plans to begin distributing payments to creditors in July. It coincided with a period of increased whale movements, including the Gox trustee. Some large owners, including those linked to governments, were seen selling. Pellicer stated that due to this concentration, most bearish trades were carried out off-chain, and this did not significantly affect on-chain address activity statistics.
Runes and Bitcoin ecosystem
The decline in activity reflects a reversal of the launch of Runes, a fungible token protocol introduced to the Bitcoin ecosystem with the last halving in April. Runes were expected to provide an alternative revenue channel for miners, and miners achieved record transaction fees on the day of the halving. However, since miner reserves, which represent the new Bitcoin in the hands of miners, are at their lowest levels in 14 years, transaction fees remain at pre-halving levels.
Pellicer said activity on Runes has cooled, but due to the cyclical nature of such assets, their current state represents a temporary lull rather than a permanent decline. Meanwhile, recent interest in crypto has focused on memecoins and famous tokens, attracting speculators who gamble on bigger returns. Although Bitcoin is widely known for its volatility, its current state can be considered stable when compared to low-value memecoins.
PLEASE READ CAREFULLY FOR A GIFT OF 10 DOLLARS.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET THE CONFIRMATION I SAID ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. DON'T FORGET TO FOLLOW IF YOU HAVE NOT FOLLOWED YET. KIND REGARDS.
