Changes in Bitcoin supply since September: Key Highlights 📊
1️⃣ Long-term holders sold 843,000 BTC.
2️⃣ Short-term holders accumulated over 1,000,000 BTC.
3️⃣ MicroStrategy and U.S. spot ETFs each acquired approximately 200,000 BTC.
This indicates a significant redistribution of Bitcoin supply, with institutions and short-term investors stepping in to fill the gap left by long-term holders.$BTC
The cash-strapped British government also learned from the United States and found a quick way to make money. Some time ago, the United States fined Zhao Changpeng more than 5 billion yuan and put it into the national treasury. The British side, led by the National Crime Agency (NCA), confiscated assets worth more than 100 million yuan from Tian Wenjun and his wife, including 4 real estates and funds in multiple bank accounts, on the grounds that the latter could not explain the legal source of their huge assets.
Tian Wenjun was once the helmsman of the "Deyu Group". He illegally borrowed from some city commercial banks and rural credit cooperatives in Shanxi Province, with a loan amount of more than 20 billion yuan, becoming one of the most classic fraud cases in the financial history of the Eastern power in recent years. Tian Wenjun and his wife fled to the UK in 2018, when the NCA and the UK Financial Conduct Authority (FCA) launched an investigation into the Deyu Group. According to media reports, Tian Wenjun and his wife obtained visas in the UK through a company called Dolfin Financial (UK).
According to people familiar with the matter, the NCA and CRCO jointly took action this time because they investigated the living conditions of Tian Wenjun and his wife in the UK and found that they spent money like water but could not produce funds from legal sources, so they decided to confiscate their illegal gains. Since the investigation of NCA and CRCO has just begun, they have not yet harvested more illegal assets. It is expected that as the investigation deepens, they will harvest more illegal gains of Tian Wenjun and his wife. Zhao Changpeng and Tian Wenjun and his wife are just the beginning of the NCA and CRCO's net. There may be more Oriental people in the UK who will be investigated by NCA and CRCO and have their assets confiscated.
The market neither rises steadily nor falls steadily, gradually testing people's patience and willpower, forcing those with weak resolve to give up their chips. This familiar market scenario appears before you again; what judgment will you make?
At NEIRO, we have been gradually replenishing our positions around 0.00182 and 0.00171. The next replenishing position indicated by TACO is around 0.00131. As the trend changes, the bottom has risen somewhat, and we can replenish again around 0.00153.
In light of the numerous data suggesting that the Federal Reserve will continue to cut interest rates next week, there’s no need to worry about whether our assets are temporarily decreasing; we just need to ensure that our chips are increasing, and that will be the relatively correct choice.
Every time the market is poor and the trend is unclear, TACO always steps up to provide reliable analysis of the current market situation and offer emotional support. Here are some numbers: $BNB , let’s get through this volatile market together.
These counterfeiters are messing around again, which signifies that a new round of market trends is about to begin. Just patiently wait for your sector rotation!
I have a friend who invests 90% of his personal cryptocurrency holdings in SOL, reasoning that: despite the significant price volatility of SOL, it has shown remarkable resilience.
SOL has a strong community, excellent user experience, outstanding technology, the ability to issue low-cost NFTs on-chain, and fast transaction speeds. The explosive popularity of memes is also one of the breakthroughs SOL has achieved in on-chain usage, and the ecosystem is growing rapidly, similar to ETH in the last cycle. Therefore, he believes SOL is a low-risk area and a good place to invest substantial funds.
Besides SOL, he also has confidence in SUI and DOGE.
The choice of SUI is due to its technical innovation and the superior performance it has shown in the market compared to other major cryptocurrencies like SOL and ETH.
Price performance is also very important; he only feels confident that SUI could be a “new product” when its price performance surpasses the overall performance of other cryptocurrencies.
The choice of DOGE is based on its strong cultural identity and international recognition, namely widespread community support. Including Musk's support for DOGE, which is also a significant factor, as Musk has the ability to promote the development of DOGE through his social media influence and actions.
Additionally, based on DOGE's trading charts and historical performance, it experiences a huge price fluctuation at certain times every four years, and this cyclical performance is part of his investment decision-making. In his view, DOGE is the SOL among memes.
Follow me for more information and advice during the bull market.
1️⃣ Total net inflow per day: $429 million BlackRock IBIT: Net inflow of $393 million, historical cumulative $35.883 billion. Fidelity FBTC: Net inflow of $59.9571 million, historical cumulative $12.315 billion.
2️⃣ Grayscale GBTC: Net outflow of $106 million, cumulative net outflow of $21.045 billion.
3️⃣ ETF market value share: Total assets of $114.969 billion, accounting for 5.71% of Bitcoin's market value, with a cumulative net inflow of $35.602 billion.
💎 $ETH Spot ETF
1️⃣ Total net inflow per day: $23.6072 million BlackRock ETHA: Net inflow of $9.5069 million, historical cumulative net outflow of $3.199 billion. Grayscale ETHE: Net inflow of $7.2362 million, historical cumulative net outflow of $3.517 billion.
2️⃣ ETF market value share: Total assets of $13.783 billion, accounting for 2.92% of Ethereum's market value, with a cumulative net inflow of $2.265 billion.
💎 Market Insights BlackRock ETF funds continue to lead, and Bitcoin spot ETFs dominate the market. The market value share of ETFs has gradually increased, driving the growth of mainstream investment demand. #BTC重回关键位置后走势
Is the second exploration of altcoins coming? Compared to Bitcoin, most altcoins are performing poorly. During the day, there was no significant movement, and it seemed half-dead; now that it's evening, they are starting to decline! The main reason is that after the sharp drop in altcoins, they started to recover on the 10th, but now they are facing strong resistance, leading to mostly sideways movement. There's been no decent right-side pullback, so as Hunter said during his live broadcast that day, this wave of bullishness on the left side will end without a pullback, and this time bomb will explode sooner or later. Well, it has come, but it's also good; frankly speaking, I wouldn't feel at ease without a second exploration! Alright, let's take a look at the ETH chart. Ethereum is performing very weakly, dragging down a bunch of altcoin followers. Pay attention to two key support levels for ETH: 1️⃣ 3828 2️⃣ 3749!
🟣 Solana Price Prediction: SOL's market cap drops $3B as Trump boosts Ethereum's rebound 🐋💸
📈 The price of Solana fell 4% in 48 hours to reach $225 on Friday, decoupling from the broader resurgence of the altcoin market.
The $3 billion drop in SOL's market cap coincided with the latest cryptocurrency acquisitions backed by Trump from WLFI, drawing investors' attention to the Ethereum ecosystem.
☝️ The average balance in buying addresses increased from 383 SOL to 1,096 SOL, indicating a 186% increase in demand from Solana whales over the past three days. The price of Solana fell 4% in 48 hours to reach $225 on Friday, decoupling from the broader resurgence of the altcoin market.
While the latest cryptocurrency acquisitions backed by Trump from WLFI attracted retail market attention towards the Ethereum ecosystem, on-chain data shows that Solana whales are increasingly buying on the dip.
😫 The 4.6% drop in SOL's price over the last 48 hours has caused it to decouple from the broader altcoin market rebound.
However, vital on-chain metrics show that Solana whales are capitalizing on falling prices to buy on the dip, a move that could trigger a bullish reversal in the coming days.
👀 If SOL successfully breaks above $231, the next target is at the upper band of the DC at $259.
This move could attract strategic traders looking for entry opportunities at current levels.
🤔 However, failure to maintain above $230 could invalidate this bullish outlook.
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The third doubling coin publicly available from $SCR, let's strive to double a few more in this bull market. After selling off the principal, enjoy the final crazy stages of the bull market without worries. Holding spot assets often yields profits that exceed leveraged returns. Holding is the true essence of a bull market. Like and follow for good luck! ~