[ad_1] Bitcoin’s recent price volatility has led many to wonder if large-scale bitcoin hodlers are taking advantage of price dips to accumulate more bitcoin. While some metrics may initially suggest an increase in long-term holdings, a closer examination reveals a more nuanced story, especially after the current prolonged period of choppy consolidation.Are Long-Term Holders Accumulating?Upon initial observation, long-term Bitcoin holders are seemingly increasing their holdings. According to the Long Term Holder Supply, since July 30th, the amount of BTC held by long-term holders has increased from 14.86 million to 15.36 million BTC. This surge of around 500,000 BTC has led…
Author: dfrancis36
[ad_1] The Head of Research at the on-chain analytics firm CryptoQuant has explained why Bitcoin may be at risk of seeing a further drawdown. Bitcoin Is Still On Verge Of Bear Market In This Indicator In a new post on X, CryptoQuant Head of Research Julio Moreno has discussed the latest trend in the Bitcoin Bull-Bear Market Cycle Indicator. The “Bull-Bear Market Cycle Indicator” from CryptoQuant is an indicator based on the P&L Index. The P&L Index combines a few popular BTC metrics related to profit and loss, so it sums up the market balance in one value. This indicator…
[ad_1] ₿trust, an initiative committed to supporting open-source Bitcoin developers based in the Global South, has announced the recipients of its Q3 Starter Grants and the new members of its ₿trust Open-Source Cohort.1/ 📢 Announcing the ₿trust Q3 Grants!We're excited to announce the recipients of our Q3, 2024 ₿trust Starter Grants and the Open-Source Cohort Members! 🚀A key part of our mission of empowering talented Global South devs to contribute to Bitcoin's open-source ecosystem. pic.twitter.com/FnlgPGJoHu— Btrust (@btrustteam) August 16, 2024 The Starter Grants, which provide full-time funding to Bitcoin software engineers, are a sign of ₿trust’s dedication to expanding the…
[ad_1] Cosmos is presently held between a rock and a hard place in the market, according to crypto analyst Alan Santana. To him, this is a very opportunistic time for long-term investors, most especially those with a bullish outlook. Related Reading He feels that ATOM is currently trading at quite a remarkable discount from the highs posted, hence positioning itself for a very compelling risk-reward entry. According to Santana, Cosmos has “a great chart” because the coin is trading very low compared to historical prices. ✴️ Cosmos (ATOM) Pre-2025 Bull-Market Accumulation Zone & Strategy Cosmos has a great chart… How…
[ad_1] Coinbase has reported that updated 2Q 2024 13-F filings indicate a notable increase in institutional inflows into U.S. spot Bitcoin ETFs, which the company views as a “promising indicator” for the Bitcoin market. The 13-F filings, released on August 14, reveal that institutional ownership of these ETFs grew from 21.4% to 24.0% between Q1 and Q2 of 2024.Significantly, the proportion of ETF shares held by the “investment advisor” category rose from 29.8% to 36.6%, signaling heightened interest from wealth management firms. Notable new holders include Goldman Sachs and Morgan Stanley, who added $412 million and $188 million worth of shares, respectively.…
[ad_1] Recently, a new trend has emerged where investors in Pepe Unchained (PEPU) are forging strong connections with their rival, Mpeppe (MPEPE), driven by the promise of significant financial gains. Here’s a deep dive into why these two tokens are capturing investor interest and how they are creating opportunities for massive profits. Pepe Unchained (PEPU) and Mpeppe (MPEPE): A Dynamic Duo in the Crypto Space Pepe Unchained (PEPU): A Familiar Face with a Fresh Twist Pepe Unchained (PEPU) has quickly become a notable player in the cryptocurrency market. Building on the success of its predecessor, Pepecoin, Pepe Unchained (PEPU) introduces…
[ad_1] The Lava Loans protocol (v2) is a scheme designed by Lava building upon Discreet Log Contracts (DLCs) to facilitate a trustless Bitcoin collateralized loan system. The huge implosion in the market last cycle caused by centralized platforms facilitating Bitcoin backed loans showed that left unchecked, such products and services can present a massive systemic risk to the entire market in the ecosystem. Lava seeks to provide the same utility users of such centralized platforms sought in a decentralized and atomic fashion, using DLCs. DLCs, for those unfamiliar with the concept, are a smart contract designed to settle a certain…
[ad_1] Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he…
[ad_1] A recent report by Bloomberg revealed that new hedge funds, pension funds, and banks own and continue to pour capital into the successful spot Bitcoin ETF market launched earlier this year in the United States. 701 New Funds Enter Bitcoin ETF Arena The latest data from Bloomberg indicates that following the recent deadline for filing second-quarter 13F reports with the US Securities and Exchange Commission (SEC), 701 new funds have disclosed their holdings in spot Bitcoin ETFs, pushing the overall count to nearly 1,950 holders. Buyers in this surging trend include hedge funds like Millennium Management, which have stakes…
[ad_1] A widely followed crypto strategist and trader believes that one low-cap layer-1 altcoin project may be gearing up for a massive rally. Pseudonymous analyst The Crypto Dog tells his 810,000 followers on the social media platform X that Saga (SAGA) may be breaking out of a descending trendline on the three-day chart. “Longed SAGA. Looks ready to start it’s first bull trend.” Source: The Crypto Dog/X The blockchain project Saga aims to enable developers to launch interoperable, application-specific chains called “Chainlets.” Saga is trading for $1.45 at time of writing, down 10% in the last 24 hours. Next up,…