Pen Gisella

Accompanying is the longest confession

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Elon Musk's net worth fell by $5.5 billion in one day, while Jeff Bezos lost $6.8 billion due to the Fed chair's speech.

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Competition is not what drives humanity forward, envy is

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Bitcoin has set a hard support threshold between $23,055 and $23,800. At $23,055, 1.52 million addresses bought nearly 910,000 bitcoins for the first time
Note that according to IOMAP into theblock, Bitcoin is facing little resistance ahead.

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Judging by the frequency of sales mentioned on Twitter, Reddit, and Discord, the crypto community does not seem convinced that Bitcoin and other assets will continue to rise to prosperous levels. Selling interest surged to a 2-month high.

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The realized price range is the main resistance for Bitcoin right now.
A solid rise above $24,825 and consolidation should be the key to continued growth.

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NFT projects ranked by social activity/social mentions. All sources collected from social mentions and activities over a period of time.
Social activity measures overall social, including likes, retweets, replies, and followers. Count "shared voices" across all social media data.

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The weekly average LTH-SOPR since mid-July shows that long-term holders have been draining their tokens at a loss. As the price recently encountered resistance at the $24,000 level, the weekly average LTH-SOPR is now at 0.67, indicating an average loss of 33% from resistance

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1000-10000 BTC wallets are accumulating. After yesterday's Fed rate decision, "big guys" with 1k - 10k BTC wallets started accumulating, which may explain the large volume of stablecoin custody transactions on exchanges on July 26

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The Bitcoin network continues to shrink as the number of new addresses hit an 11-month low, approaching 374,000 BTC addresses.
Typically, a steady decline in the number of new addresses created in a particular blockchain causes prices to decrease over time.

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Bitcoin was rejected at $21,000 resistance, but decisive price action moved support to $19,000.
The supply of long-term and short-term holders in terms of losses and gains indicates a rebound in hoarding and saving behavior.

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The Aave project has revealed plans to launch a dollar-pegged stablecoin called GHO. According to the proposal of Aave Corporation (Aave's development company), GHO will be backed by several crypto assets that borrowers will put on the platform as collateral

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Bitcoin’s dominance is returning thanks to Thursday’s sharp and healthy price gains. We have seen BTC fall for almost 4 years, and even after 8 months of price recovery, the trend has not stopped. At the same time, the purchasing power of USDT is also

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⚡️ Santiment

🐳 The vast majority of the biggest spikes in Bitcoin whale trading last week occurred after a small $100-$200 price rally. On every transaction over $100,000 or $1 million, the price drops after a brief rise.

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⚡️ Glassnode

▫️ The intersection of CVDD Cap and Delta Cap perfectly captured the December 2018 global bottom.

▫️ Their intersection is now worth $275 billion; 19,083,125 tokens in circulation, which means its price is $14,435.

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Chain link experienced a slight drop of -4% as altcoin packages emerged. However, there is one more thing. There were 80.8 million unique Link addresses on Tuesday, breaking a five-year record. We only saw that much on the first trading day of September 2017.

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⚡️ Glassnode

◾️ The absolute bear market low was set in 2015, with a shrinkage of 83.8% from the previous ATH, lasting 410 days.
■️ The current shrinkage is 73.3% lower than ATH for 227 days (if counting from 8th November 2021) and 435 days (if counting from 14th April 2021).

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📉 As prices gradually fell on Sunday, while traders claimed to be buying at the peak, they were shorting more on these small dips. Interestingly, this only applies to altcoins right now, showing that Bitcoin is seen as a safe haven.

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⚡️ Santiment

🐳🦈 While the market is being suppressed, the number of large bitcoin addresses online has increased. Addresses with 10,000-10,000 BTC rose sharply after falling 2 weeks ago, addresses with 10,000+ have been rising since February

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⚡️ Santiment

📊 Bitcoin’s supply ratio continues to remain at the low levels seen in November 2018. This is a good sign that there is limited risk of a future sell-off. Meanwhile, the supply of Tether on exchanges continues to soar, indicating increased purchasing power.

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- Total market cap increased to $857 billion (according to Tradingview)
- 24-hour trading volume: $98 billion- Fear and Greed Index increased to 9 - BTC dominance: 42%
Bitcoin - $2,008.53 (+8.67%)
ETH - $1,079.45 (+12.32%)
BNB - $208.78 (+7.94%)
XRP - $0.3181 (+4.89%)