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Blockchain Crypto Bitcoin

💰 Bitcoin Ordinals NFT trading volume tanks 98% since May

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💰 Bitcoin price volatility at historical lows with only a 2.9% separation range between the Bollinger Bands.

This is the third tightest spread in the history of Bitcoin price!

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📊 As Bitcoin's price performance remains flat at $29.6K, memecoins like $PEPE (+17%, 7d) and a few other outliers are have enjoyed market cap rises. But as this distribution market cycle continues, there is a theme of crypto assets outside the top 20 that are declining.

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🔵 Ethereum has been seeing its top 10 addresses expand and accumulate more and more of the total available coin supply. In 5 years, the top 10 largest addresses have gone from owning 11.2% to now 34.6% of $ETH. The 27.86M $ETH added is worth $51.6B.

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💰 Bitcoin volume drops to a 3 year low.

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💰 Bitcoin whales have accumulated a total of 27,755 $BTC between May and now.

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🐴 The majority of DEX activity occurs during U.S. hours (orange), suggesting that this is an important region for DeFi — link

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🧊 Litecoin's highly anticipated #halving event within arm's reach on Wednesday, key traders holding between $9.5k and $950k worth of $LTC are aggressively accumulating. Like most coin halvings, this is being perceived as a #bullish event by traders.

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💰 Bitcoin Supply Last Active Bands are all Currently at ATHs Suggesting HODLING is The Primary Dynamic Across All Subsections of Long-Term Holders (Glassnode)

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🪙 Ethereum $ETH Number of Non-Zero Addresses just reached an ATH of 103,252,724

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🪙 $BTC price is keeping on trading within an extremely narrow range. This has caused the Bollinger Bands to tighten significantly, with a mere 4.2% difference.

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💀 APE’s fully diluted valuation hit a $2 billion floor at the end of Q2’23, a 91% drop from its all-time high in Q2’22.

Despite the drop in price and valuation, DAO pushed forward, approving roughly the same number of proposals from the previous quarter and with slightly less funding ($1.89 million in Q2’23 versus $1.94 million in Q1’23) — link

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By following the link
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2. @EthereumNews 🔵 - Get access to all the important updates and news about Ethereum.

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🪙 ETH market share of volume relative to alts has dropped to its lowest level since March 2022 — link

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Weekend BTC-USD volume in native units for Jan-Jun 2023 hit the lowest levels since 2012 — link

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📊 Last week, DeGods volume surged to $16 mill, the highest its ever been. The previews for DeGods Season III dropped on Aug 10, causing the spike. The same day, fellow DeLabs collection y00ts announced it would be moving to Ethereum — link

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Over the past three years, BTC and ETH trade volumes have been increasingly skewed towards U.S. opening hours.

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💰 Lido's stETH-ETH liquidity pool on Curve continues to see large outflows, reducing liquidity for the largest liquid staking token — link

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🪙 Realized volatility for #Bitcoin has collapsed to historical lows.

Across 1-month to 1yr timeframes, this is the quietest we have seen the corn since after March 2020. Historically, such low volatility aligns with the post-bear-market hangover periods (re-accumulation phase)

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💰 Bitcoin Holdings on OTC Desks Decline 33%: Glassnode

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📊 Stellar, Ripple and Solana-based investment funds see AUM spike in July — link

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🇯🇵 Binance Japan Set To Redefine Crypto Trading Landscape With Exciting August Launch

Binance
Japan, the Japanese subsidiary of Binance, has officially disclosed the details of its upcoming encrypted asset trading services scheduled to go live this August. The company has also revealed its initial list of supported cryptocurrencies, signaling its determination to make a mark in the competitive Japanese market, according to CoinPost. Binance Japan‘s services will include cryptocurrency spot trading and cryptoasset conversion, offering users seamless transactions.

The exchange will boast an impressive selection of 34 cryptocurrencies available for trading on its platform, surpassing the offerings of its main domestic rivals Bitbank (30), GMO Coin (26), and Coincheck (22). Among the supported assets are popular tokens like BTC, ETC, DOT, QTUM, ALGO, ETH, ADA, ENJ, and many others. Interestingly, Binance Japan’s exclusive listing of Binance’s own exchange token, “Build and Build (BNB),” marks the first time it will be available for trading in Japan. Binance Japan is also exploring the addition of other currencies that are not currently listed in the Japanese market. While the specific currencies remain undisclosed, the company assures the public that they are actively working on it and are in the preparation stage.

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🪙 Chainlink has jumped ahead of the #altcoin pack Thursday. And prices appear to be powered by heavy whale accumulation, with the highest amount of transactions valued at $1M+ this year. Wallets holding 100K-10M $LINK are accumulating rapidly as well.

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💰 Bitcoin block 800,000 has just been mined!

A total of 19.437M
$BTC have been minted, and 268.7k $BTC in fees paid out to miners.

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📊 According to the data disclosed by the blockchain analysis company Glassnode, the capital inflows of the two mainstream cryptocurrencies, Bitcoin and ETH, were US$21.9 billion and US$18 billion this year, but the total supply of stablecoins has seen a net decrease of US$10.4 billion, which was mainly caused by the redemption of USDC and BUSD.

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➡️Stay ahead in the world of cryptocurrencies with just a single click!

By following the link
➡️ /channel/addlist/kp0pSP98Hzg2NzM8 , you will automatically join five highly informative crypto news channels on Telegram.

🏆These channels include:

1. @BitcoinNews 🥇 - Stay updated with all the relevant news about Bitcoin, the number 1 cryptocurrency.

2. @EthereumNews 🔵 - Get access to all the important updates and news about Ethereum.

3. @Altcoinnews 🍰 - Stay informed about all altcoins, the alternative coins besides Bitcoin, with timely information and insights.

4. @TradingNews ⚫️ - Never miss out on any trading information again! Receive regular updates on charts, analyses, exchange news, and much more.

5. @MetaverseNews ⚫️ - For all things related to the metaverse, this channel provides you with comprehensive information to keep you in the loop.

Don't miss out on any crucial developments in the crypto world!

⚠️Join all five channels immediately by clicking on this link: ⚠️
/channel/addlist/kp0pSP98Hzg2NzM8.

Stay up to date and make informed decisions with these invaluable sources of crypto news.

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🔴 Avalanche reached nearly 1.6M active users in the first 2 weeks of July, an all-time high — link

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🐳 Whales made huge bitcoin purchases :

592k BTC at $30.2k
523k BTC at $26.8k
637k BTC at $16.5k

If the $30.2k level fails to hold, it is likely that the market will gravitate towards the $26.8k level as there is considerable demand from the whales.

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💰 A staggering 29% of the bitcoin supply hasn't moved in over 5 years. Plebs are not selling fam, get yours while you still can.

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💰 CME #Bitcoin September futures have been trading at a higher premium than other contracts

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