Today's News‼️
⭕️ Total BTC ETF flow: +$346.98M;
🔴 Sentiment: Wallets holding between 100 and 1,000 BTC are rapidly increasing their holdings. Since July 15, their combined assets have grown by 113,950 BTC (a 2.22% increase), reaching approximately 5.24 million BTC;
🔴 Indicators show Bitcoin's price deviating from the traditional 4-year cycle;
🔴 The 99th price percentile of Bitcoin's 200-day moving average (based on standard price, not the power law model) has just risen for the first time in over 120 days. In 9 out of 10 cases, this signals continued growth;
🔴 Bitcoin is currently in a high-leverage zone;
🔴 Glassnode: Holders are realizing profits on BTC. However, volumes remain relatively low: net profit over the last 7 days totaled $5.1 billion;
🔴 An institutional whale cashed out 80% of its ETH holdings just one day after adding 15,000 ETH;
🔴 21Shares has just launched a physically backed ZEC ETP in Europe, giving investors the opportunity to invest directly in Zcash via a traditional exchange-traded product;
🔴 The 365-day MVRV metric shows a significant gap between leading cryptocurrencies. BTC, ETH, and LINK are hovering just above 0%, meaning the average trader active over the past year is sitting on a small profit. Meanwhile, XRP stands at around -11.75%, and DOGE at around -19.26%;
🔴 Phantom will discontinue support for the Sui network; The US Dollar Index (DXY) is rising rapidly. The dollar is strengthening against major currencies amid expectations of Federal Reserve rate hikes driven by a surge in bond yields;
🔴 Despite gains in the S&P 500 and Nasdaq, the Dow and Russell 2000 continue to decline;
🔴 Traders have begun pricing in three 0.25-percentage-point Fed rate hikes over the coming year, as well as the possibility of a fourth. Consequently, the benchmark rate could reach the 4.75–5% range, increasing borrowing costs and putting pressure on mortgages, corporate loans, and other financial markets.
⭕️ Total BTC ETF flow: +$346.98M;
🔴 Sentiment: Wallets holding between 100 and 1,000 BTC are rapidly increasing their holdings. Since July 15, their combined assets have grown by 113,950 BTC (a 2.22% increase), reaching approximately 5.24 million BTC;
🔴 Indicators show Bitcoin's price deviating from the traditional 4-year cycle;
🔴 The 99th price percentile of Bitcoin's 200-day moving average (based on standard price, not the power law model) has just risen for the first time in over 120 days. In 9 out of 10 cases, this signals continued growth;
🔴 Bitcoin is currently in a high-leverage zone;
🔴 Glassnode: Holders are realizing profits on BTC. However, volumes remain relatively low: net profit over the last 7 days totaled $5.1 billion;
🔴 An institutional whale cashed out 80% of its ETH holdings just one day after adding 15,000 ETH;
🔴 21Shares has just launched a physically backed ZEC ETP in Europe, giving investors the opportunity to invest directly in Zcash via a traditional exchange-traded product;
🔴 The 365-day MVRV metric shows a significant gap between leading cryptocurrencies. BTC, ETH, and LINK are hovering just above 0%, meaning the average trader active over the past year is sitting on a small profit. Meanwhile, XRP stands at around -11.75%, and DOGE at around -19.26%;
🔴 Phantom will discontinue support for the Sui network; The US Dollar Index (DXY) is rising rapidly. The dollar is strengthening against major currencies amid expectations of Federal Reserve rate hikes driven by a surge in bond yields;
🔴 Despite gains in the S&P 500 and Nasdaq, the Dow and Russell 2000 continue to decline;
🔴 Traders have begun pricing in three 0.25-percentage-point Fed rate hikes over the coming year, as well as the possibility of a fourth. Consequently, the benchmark rate could reach the 4.75–5% range, increasing borrowing costs and putting pressure on mortgages, corporate loans, and other financial markets.
