On Thursday (October 31), spot gold plunged $43.50, or 1.56%, after hitting an all-time high. The plunge revealed the fluctuations in investors' risk aversion sentiment.
JinseFinanceWBTC, WBTC caused a huge shock. Golden Finance, BTC continued to recover slightly overnight to the 61-62k range.
JinseFinanceBitcoin reserves on exchanges plummet to record lows, signaling potential supply shock. Investors withdrawing BTC from exchanges for holding, not selling. Prices near $70,000. Supply shock, fueled by decreasing exchange reserves and halving, could spur significant price surge.
Xu LinCrypto market, the "life-saving guide" in the currency circle: trading strategies during bull market shocks Golden Finance, when the bull market enters shocks, the general trend will eventually come out.
JinseFinanceDemand for ETF issuance and the upcoming halving will exacerbate the impact of demand shocks
JinseFinanceApproximately 57% of Bitcoin remains dormant for over two years, held by Long-Term Holders (LTHs) setting consecutive highs. This resilient group showcases strong conviction, potentially influencing Bitcoin's supply dynamics. The recent approval of Bitcoin spot ETFs by the US SEC and a decline in BTC stored on exchanges further suggest a supply squeeze. Bitcoin is trading around $45,900, reflecting a 4% increase in the past week. Traders monitor these trends for potential impacts on Bitcoin's price movements.
EdmundLibertarian Javier Milei was elected President of Argentina, and he has introduced an economic shock therapy. He does not advocate for using Bitcoin as the legal tender in Argentina.
OliveSEC chairman Gary Gensler supports Bitcoin ETFs that “provide significant investor protections.”
BeincryptoOn-chain data shows the Bitcoin supply in profit has dropped to just 55% recently. Here's what historical trend suggests regarding ...
BitcoinistStarting Dec. 7, energy utility services in Iceland will no longer accept new electricity requests from bitcoin mining operations.
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