thebull_crypto | Cryptocurrency

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NO BULL NO GAIN! Market analysis & recaps, scalping leverage calls, binance altcoin signals and real time news. Disclaimer: My channel is not financial advise, its my observation and opinion. Twitter: twitter.com/thebull_crypto

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The Bull

Bitcoin settled more than 40 million transactions in a single quarter for the first time since its inception in Q3 of 2023

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The Bull

Crypto delistings from exchanges are already running at a record pace this year

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The Bull

Upcoming Bitcoin spot ETF decisions. Bloomberg Intelligence estimates a 90% chance approval by Jan 10

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The Bull

While BTC 60-day correlation with risk assets has been moving upwards, it is way below its 2022 average of over 50%.

In fact, BTC showed remarkable resilience to surging borrowing costs and growing macro uncertainty in September, outperforming the S&P 500 and the Nasdaq 100.

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The Bull

Funding rates on Binance's BTCUSDT perpetual contracts have now been below neutral (0.01%) for 118 consecutive funding rate intervals - by far a new record.

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The Bull

Bitcoin hashrate continues to rise, hits an all-time-high.

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The Bull

Approximately $50B worth of Bitcoin are now held by ETFs, countries, public and private companies

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The Bull

The 90-day supply of aggregate stablecoins has dropped more than 20% from $162 billion in March 2022 to $120 billion today, pointing to a decline in on-chain liquidity

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The Bull

Digital asset investment product flows cooled off, with relatively minor outflows totalling $11.2m. This run of negative sentiment over the last 7 weeks now totals $342m

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The Bull

The altcoin market continues to bleed out for a few days in a row now. Take care!

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The Bull

Bitcoin hashrate continues to rise, hits an all-time-high

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The Bull

The short-term correlation between Nasdaq tech stocks and Bitcoin has turned positive, indicating the two are moving more in step

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The Bull

Despite BTC surging by 75%, trade volume continued to fall in 2023 with nearly all exchanges registering double-digit declines in July relative to the year before.

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The Bull

#Bitcoin bearish retested. My point of view - this is not bull market.

I am still watching the market as its getting messed, to me it is better to keep my assets in stablecoins than to enter any position(s), at this moment the market sentiment is quite bad.

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The Bull

BTC's inverse correlation with the U.S. Dollar has significantly weakened in 2023, dropping from -61% to -10%

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The Bull

Since spring of 2023, the majority of stablecoin inflows to the 50 biggest crypto services have shifted from U.S. licensed-services to non-U.S. licensed services.

We can see similar trends in looking at stablecoin on-chain transaction volume by whether or not the issuer is a U.S.-licensed entity.

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The Bull

#Bitcoin: Rising wedge in formation.

Don't blindly FOMOs 🙈

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The Bull

Binance to stop accepting new U.K. users to comply with ad rules

https://www.coindesk.com/business/2023/10/16/binance-to-stop-accepting-new-uk-users-to-comply-with-ad-rules/

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The Bull

My view of #Bitcoin this year

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The Bull

Tether market share on Binance hits 17-month high.

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The Bull

The percentage of Bitcoin supply inactive for 1+, 2+, 3+, and 5+ years are all at all-time highs

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The Bull

#Bitcoin dominance bullish breakout. Take care of your longs and altcoins positions just in case 👀

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The Bull

Binance currently has more than 380 assets trading on the exchange, but many of them are illiquid.

The lion's share of trade volume remains concentrated within the top 10 altcoins.

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The Bull

Binance Encourages Users to Convert BUSD to Other Stablecoins Prior to February 2024
https://www.binance.com/en/support/announcement/d392843e81fd4bc3a5f7e219aa01f34d

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The Bull

Binance's BTC and ETH futures market share has continued to fall while OKX's has grown from 18% to 26% this year

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The Bull

Bears are working on it!

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The Bull

The ETH open interest on CME is near a 1-year low

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The Bull

CME's Bitcoin futures market in July saw a volume of $55.78 billion, the highest level since January 2022

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The Bull

Crypto markets have become more concentrated over the past three years, with the bulk of trading activity in 2023 happening on just one exchange — Binance.

In contrast, back in 2020, the largest trading platform accounted for only 24% of the total global trade volume, while the combined trade volumes of the two largest platforms was still below 50%

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The Bull

Binance is facing growing competition from offshore exchanges. Since the start of 2023, OKX (9%), Huobi (5%), and Bybit (8%) have all gained market share.

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