Today's News‼️
🔴 Inflows into spot BTC ETFs continue—according to SoSoValue data;
🔴 The positive correlation between BTC and gold has risen to a 9-month high;
🔴 With the price at $79,000 today, the share of long-term holder supply currently in profit appears to be reverting to the mean;
🔴 Alphractal: A "very bullish" sentiment currently dominates social media. This time, many investors seem firmly convinced that the bottom is already in—a stark contrast to the uncertainty seen in 2023;
🔴 Bitcoin "whales" have just recorded $9.07 billion in unrealized profits—the highest figure in blockchain history;
🔴 Spot trading volume on centralized exchanges has risen 15% from a two-year low. In August, spot trading volume on centralized exchanges recovered to $811 billion, up 15% from July's two-year low;
🔴 Bitfinex: The $BTC miner position index stands at -1.2, well below the annual average. A sharp spike above the 2.0 mark would indicate that miners have resumed selling; for now, selling activity remains subdued;
🔴 The volume of ETH transferred from Ethereum (L1) to Robinhood Chain (L2) has surged by approximately 150% over the past month, exceeding $700 million;
🔴 Tether CEO Paolo Ardoino stated that Tether facilitates the global spread of the dollar via USDT, holds significant amounts of U.S. government bonds on its balance sheet, and uses its profits to aggressively purchase BTC and gold as a hedge against fiat currency devaluation;
🔴 Renato Mariotti, a cryptocurrency lawyer and former U.S. federal prosecutor, told CoinDesk that—following recent discussions with lawmakers and congressional staff in Washington—the Clarity bill appears effectively dead.
🔴 Inflows into spot BTC ETFs continue—according to SoSoValue data;
🔴 The positive correlation between BTC and gold has risen to a 9-month high;
🔴 With the price at $79,000 today, the share of long-term holder supply currently in profit appears to be reverting to the mean;
🔴 Alphractal: A "very bullish" sentiment currently dominates social media. This time, many investors seem firmly convinced that the bottom is already in—a stark contrast to the uncertainty seen in 2023;
🔴 Bitcoin "whales" have just recorded $9.07 billion in unrealized profits—the highest figure in blockchain history;
🔴 Spot trading volume on centralized exchanges has risen 15% from a two-year low. In August, spot trading volume on centralized exchanges recovered to $811 billion, up 15% from July's two-year low;
🔴 Bitfinex: The $BTC miner position index stands at -1.2, well below the annual average. A sharp spike above the 2.0 mark would indicate that miners have resumed selling; for now, selling activity remains subdued;
🔴 The volume of ETH transferred from Ethereum (L1) to Robinhood Chain (L2) has surged by approximately 150% over the past month, exceeding $700 million;
🔴 Tether CEO Paolo Ardoino stated that Tether facilitates the global spread of the dollar via USDT, holds significant amounts of U.S. government bonds on its balance sheet, and uses its profits to aggressively purchase BTC and gold as a hedge against fiat currency devaluation;
🔴 Renato Mariotti, a cryptocurrency lawyer and former U.S. federal prosecutor, told CoinDesk that—following recent discussions with lawmakers and congressional staff in Washington—the Clarity bill appears effectively dead.
