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Bitblitz Crypto

Bitblitz Crypto

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Bitblitz Crypto
Second Largest Institutional Accumulation of 2024 πŸ“ˆ Major players are capitalizing on the dip in Bitcoin, amassing 100,000 B
Second Largest Institutional Accumulation of 2024 πŸ“ˆ Major players are capitalizing on the dip in Bitcoin, amassing 100,000 BTC recently. This significant accumulation indicates robust institutional confidence in Bitcoin's future prospects.

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πŸ“‰ Since May 2021, the average number of addresses selling BTC daily has plummeted from 234K to 22K. ✨ This sharp decline hig
πŸ“‰ Since May 2021, the average number of addresses selling BTC daily has plummeted from 234K to 22K. ✨ This sharp decline highlights BTC's high value to holders, indicating a bullish sentiment even amid the current market correction.
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πŸ” Most Popular Cryptocurrencies by Region in 2024. It's fascinating to observe the varied preferences worldwide! πŸš€ - North
πŸ” Most Popular Cryptocurrencies by Region in 2024. It's fascinating to observe the varied preferences worldwide! πŸš€ - North America: Bitcoin, Solana, Ethereum - Europe: Bitcoin, NOT, Ethereum - Asia: Bitcoin, NOT, PEPE - South America: Bitcoin, Dogecoin, Solana - Africa: NOT, Bitcoin, PICKLE - Australasia: Bitcoin, Solana, Ethereum
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πŸ“Š Realized losses over the last 30 days total $403M, mirroring the early COVID market crash losses. πŸ“‰ However, these losses
πŸ“Š Realized losses over the last 30 days total $403M, mirroring the early COVID market crash losses. πŸ“‰ However, these losses are much smaller compared to the post-China mining ban (3.3x higher) and the Luna ecosystem crash (4.6x higher).
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πŸ“ˆ Since the market correction began, Binance has boosted its reserves by 41K BTC. πŸ”Ž This partly explains who was buying whi
πŸ“ˆ Since the market correction began, Binance has boosted its reserves by 41K BTC. πŸ”Ž This partly explains who was buying while others were selling.
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πŸ“ˆ Permanent holders, mostly custodial wallets with no outflows, accumulated 85K Bitcoin in the last 30 days. These wallets a
πŸ“ˆ Permanent holders, mostly custodial wallets with no outflows, accumulated 85K Bitcoin in the last 30 days. These wallets are neither ETFs, exchanges, nor miners. πŸ“‰ During the same period, 16K BTC flowed out of ETF holdings. While some panic sell, others are seizing the opportunity to buy.
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BTCUSDT Order: BUY @ 58766 TP: 60000 SL: 58388
BTCUSDT Order: BUY @ 58766 TP: 60000 SL: 58388
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πŸ“Š Since MiCA (Markets in Crypto-Assets Regulation) came into effect for USDC, there's been a noticeable divergence between U
πŸ“Š Since MiCA (Markets in Crypto-Assets Regulation) came into effect for USDC, there's been a noticeable divergence between USDT and USDC. πŸ“‰ USDT supply is decreasing, while USDC supply is on the rise!
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πŸ”’ Almost 40% of Ethereum's supply is locked up, with 28% staked and another 12% tied up in smart contracts and bridges. As t
πŸ”’ Almost 40% of Ethereum's supply is locked up, with 28% staked and another 12% tied up in smart contracts and bridges. As the trading start of the ETH ETF approaches, institutional interest is poised to grow significantly. πŸ“ˆ Meanwhile, the supply of Ethereum on exchanges continues to shrink, indicating a potential shortage in the market. These factors combined suggest that ETH is well-positioned for a price rally in the near future.
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πŸ“Š Mt. Gox is set to distribute 142,000 bitcoins, and the German government is selling nearly 50,000 bitcoins. πŸ“‰ Ethereum is
πŸ“Š Mt. Gox is set to distribute 142,000 bitcoins, and the German government is selling nearly 50,000 bitcoins. πŸ“‰ Ethereum is down due to these bitcoin sales, trading below the market-shocking ETF approval from just a month and a half ago.
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β›“ Miners continue to struggle with the hash rate. πŸ“‰ Their income per new block has dropped by 2.5 times, while their sales v
β›“ Miners continue to struggle with the hash rate. πŸ“‰ Their income per new block has dropped by 2.5 times, while their sales volume on exchanges has quadrupled, signaling a bearish trend.
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BTCUSDT Order: SELL @ 56142 TP: 54598 SL: 56707
BTCUSDT Order: SELL @ 56142 TP: 54598 SL: 56707
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πŸ“Š Digital asset investment products saw inflows totaling $441 million. πŸ“ˆ Recent price declines, prompted by Mt. Gox and the
πŸ“Š Digital asset investment products saw inflows totaling $441 million. πŸ“ˆ Recent price declines, prompted by Mt. Gox and the German government's selling pressure, are likely being viewed as buying opportunities.
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πŸ“ˆCapital seems to be returning to the crypto market! πŸ“Š If this trend persists and more stablecoins are minted in the coming
πŸ“ˆCapital seems to be returning to the crypto market! πŸ“Š If this trend persists and more stablecoins are minted in the coming weeks, the bottom may be in sight!
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πŸ“° PreBit Weekly Digest πŸ—ž Discover What's Trending This Week: πŸ“‰ NFT Sales Plunge 44% πŸ’Ό Abra Launches Treasury Service for Corporate Crypto Holdings πŸ† Circle Secures First MiCA-Compliant Stablecoin License πŸ’° Justin Sun Offers to Buy Germany's $2.3B Bitcoin Holding πŸ“ˆ Venezuela's Crypto Remittances Surge Amid Economic Crisis and Migration Exodus πŸ” Bitcoin's $7 Billion Open Interest Decline: Decoding Market Dynamics πŸ™ MANTRA Partners with MAG to Tokenize $500M UAE Real Estate Get Your Weekly Dose of Crypto Insights with PreBit! 🌐
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πŸ”€ Major Divergence Between Ethereum and Bitcoin! πŸ“Š ETH is growing scarcer than BTC. The exchange balance for ETH has droppe
πŸ”€ Major Divergence Between Ethereum and Bitcoin! πŸ“Š ETH is growing scarcer than BTC. The exchange balance for ETH has dropped to 10.189% while BTC's balance has risen to 15.086%.
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πŸ“Š The debate continues on whether Bitcoin has entered a bear market or if its bull cycle has concluded. Historically, Bitcoi
πŸ“Š The debate continues on whether Bitcoin has entered a bear market or if its bull cycle has concluded. Historically, Bitcoin often encounters difficulties in the initial three to six months after a halving event, a trend consistent with its current performance. πŸ”„ Despite the recent correction, BTC's path aligns with past cycles, suggesting that the current market dynamics are typical of a cycle rather than a clear indication of a bear market.
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πŸ”₯ TRON Network Shows Resilience Amid Market Turbulence πŸ“ˆ Despite market uncertainty and widespread sell pressure, TRON’s ac
πŸ”₯ TRON Network Shows Resilience Amid Market Turbulence πŸ“ˆ Despite market uncertainty and widespread sell pressure, TRON’s active user base has grown since the start of the year and remains near all-time highs.
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πŸ“ˆ Stablecoins have overtaken Visa, which holds 40% of the global payment market! πŸ“Š In Q2 2024, stablecoins handled a higher
πŸ“ˆ Stablecoins have overtaken Visa, which holds 40% of the global payment market! πŸ“Š In Q2 2024, stablecoins handled a higher payment volume than Visa.
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πŸ’Έ Bitcoin traders are realizing losses from selling at this point. πŸ“Š Their margins are at -17%, the most negative since Nov
πŸ’Έ Bitcoin traders are realizing losses from selling at this point. πŸ“Š Their margins are at -17%, the most negative since November 2022, shortly after the FTX collapse.
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