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Ajiz_Bacha

@ajizbacha

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Ajiz_Bacha
@ajizbacha
Since September, #Bitcoin has experienced a notable rise in active addresses following a period of low performance. The Bitcoin Active Address Momentum metric shows this increase exceeds both the monthly and yearly moving averages. This trend signals renewed user engagement and potential demand, historically associated with bullish cycles.
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@ajizbacha
From October 7 to 11, #Bitcoin spot ETFs raked in a net influx of $308.76 million. Grayscale's $GBTC faced a $50.02 million outflow, but BlackRock's $IBIT ETF surged with a $140 million inflow, closely rivaled by Fidelity's $FBTC ETF with $138 million.
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@ajizbacha
Bitcoin is gearing up for a showdown between $64K and $55K, key resistance points linked to the realized price UTXO age bands. These numbers pinpoint the average entry for investors: the short-term crowd (3-6 months) and the long-term players (6-12 months). Breaking through $64K could trigger a bullish rally, while coming up short might unleash bearish tides.
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@ajizbacha
Each cycle reveals higher prices and stronger holders. Minimal losses in the current phase indicate that long-term holders are resilient, confident, and ready for Bitcoin's next major move as 2024 approaches. These holders remain steadfast, less fearful, and committed to the long-term market.
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@ajizbacha
The "Kimchi Premium," or Korea Premium Index, highlights the price gap between cryptocurrencies on South Korean versus global exchanges. When the premium dips negative, it means #Bitcoin is a bargain on Korean platforms, reflecting reduced buying fervor in a market where crypto trading is a cultural craze.
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@ajizbacha
Spent Output Age Bands (SOAB) show a 140k movement in the 12-18 month range, hitting a six-month peak. Perpetual (perp) volume is overshadowing underwhelming spot volume, hinting at market frailty. This shift could spell an imminent downturn, so stay alert in the short term.
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@ajizbacha
The Fear and Greed Index is sitting at a balanced 49, signaling neutral market vibes. In just a month, we've swung from fear to greed and back to fear, landing squarely in the middle.
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@ajizbacha
Amid the bearish buzz and technical signs of more dips, a drop in bitcoin futures liquidations signals less selling pressure. On October 1, over 4,000 $BTC longs were liquidated—the year's second-largest event—hinting at a potential local bottom and a short-term bounce back. However, strong buying is essential to fuel this recovery.
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@ajizbacha
Top Bitcoin Support Zones: 1. $61,101 - 1.83% of BTC in motion 2. $60,365 - 2.01% of BTC in play 3. $59,630 - 1.29% of BTC shifting 4. $58,892 - 1.35% of BTC moving These pivotal points reveal robust backing, driven by on-chain insights.
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@ajizbacha
🚨 On-chain metric alert: Despite the anticipation of a bull market, active Bitcoin and Ethereum addresses have been on a steady decline since early 2024. This shows fewer wallets interacting with the blockchain. The Fed’s tightening is draining liquidity, and while we await new investors, we may need to wait for a pivot to quantitative easing to reignite market hype. Patience is key. 📉
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@ajizbacha
Arbitrum, an Ethereum Layer 2 optimistic rollup, has soared past 1 billion transactions since its 2021 debut. While Base dominates daily transactions, $ARB still reigns supreme in total value locked (TVL) at $2.5 billion, edging out Base's $2.2 billion.
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@ajizbacha
The percentage of BTC supply in profit is a crucial gauge of market vigor. Right now, over 80% of BTC is profitable, showcasing robust confidence. Historically, when supply in profit hits high levels, major price rallies aren’t far behind. Even dips below 80% have proven to be prime buying opportunities. This points to a healthy bull market with promising long-term potential!
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@ajizbacha
The SEC's approval of BlackRock's spot Bitcoin ETF could transform institutional involvement by increasing the supply of "paper" Bitcoin and reducing demand for physical Bitcoin. Analysts note a shift towards derivatives, similar to the 2022 futures boom, indicating a growing preference for indirect Bitcoin exposure.
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@ajizbacha
Bitcoin spot ETFs experienced $365.57 million in inflows on September 26, the highest for the month, continuing six consecutive days of net inflows. This underscores growing investor interest in $BTC ETFs amid sustained market momentum.
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@ajizbacha
LayerZero's daily messages skyrocketed 433% to 98,000 after a second airdrop, targeting active users to boost continuous engagement. This strategy is set to fuel long-term growth. Simultaneously, LayerZero's ZRO token is gaining traction, with this robust project stirring up significant market buzz.
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@ajizbacha
With the stablecoin supply nearing $160.4 billion, there's a surge of crypto capital in USD form, poised for conversion into digital assets. This uptick hints at potential market moves but also reveals investor caution, preferring stablecoins over riskier cryptocurrencies for now.
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@ajizbacha
The $DOW just smashed our profit target on Whale Room and is now at an all-time high. What's fascinating? It's outpacing $NASDAQ and $SPX, signaling growing confidence among U.S. investors. Big moves on the horizon? Keep an eye on it 👀.
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@ajizbacha
$SUI is set to crack the top 20 soon🚀
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@ajizbacha
As BTC nears $65K, short positions worth over $2.2 billion are set to be liquidated.
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@ajizbacha
An imminent price surge fueled by the futures market is on the horizon. Whales are capitalizing on low sentiment and negative funding rates to load up on futures. After over six months of spot accumulation and stagnant movement, Phase 2's focus on futures intervention is set to ignite the next explosive rally.
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