🚨BITCOIN NETWORK ACTIVITY HITS 7-YEAR LOW
Bitcoin network activity has dropped to its LOWEST level in more than 7 years.
As of June 4, Bitcoin’s 60-day average active addresses sat just above 600,000, back near levels last seen during the 2019 bear market.
That filtering is Useful Proof of Work doing its job every epoch: keep the training that works, and compound the gains. It is also the groundwork for Aigarth.
Aigarth is not a live AI yet. It is the long-term project all that filtered work is building toward, and the quality bar that will shape it is already being enforced now, every cycle.
The research world is now publishing the idea Useful Proof of Work was designed around.
Worth a look if you have never seen how the pieces fit.
Explore the Qubic Academy and dive deep into Qubic → https://t.co/x2va5XHxW8
▪️ $AUKI ▪️
Nothing to see here…
Just the Swedish Prime Minister getting a live demo of @CactusXR:
@Auki’s spatial AI copilot for retail
Oh, and it’s taking place inside an ICA store: Sweden’s leading grocery retailer
Levels to this ↓
An AI research paper has been getting attention this week.
The finding, in plain terms: if you grade your training data by quality from day one instead of treating every example as equal, you can train a model up to 2.8x more efficiently.
Sounds obvious, but this is not how most AI gets built.
And it rhymes with something Qubic has been doing for the past four years. 🧵
‼️XRP DELIVERED THE HIGHEST RETURNS IN CRYPTO OVER THE LAST 2 YEARS DESPITE HIGH VOLATILITY‼️
Most cryptocurrencies generated negative returns over this period. 🔻
XRP, however, produced approximately 65% annualized returns while operating in an environment where volatility remained elevated. ☝️
The data below indicates XRP delivered a level of performance that no other major digital asset was able to match.✅
High volatility is often viewed as a weakness.
In XRP’s case, volatility was accompanied by upside for those who were early and patient.😶🌫️
While much of the market struggled to generate positive returns, XRP separated itself from the broader field and finished as one of the strongest-performing major tokens in Bloomberg’s data.
Risk in crypto is high.🙇♂️
Taking on that volatility risk with XRP has historically resulted in exceptional returns. 📈
With Ripple’s acquisitions, increasing regulatory clarity, and one of the strongest demonstrable use cases in crypto, XRP is positioned to continue its outperformance trajectory.📈
Documented.📝👇
Is the crypto market being manipulated?
After the Crpto market structure bill passed the Senate banking committee on May 14, Bitcoin started dumping. BTC crashed -25% in the next 20 days and dropped -$20,600 from $82k to $61.3k wiping out $406 billion in market cap.
During that timeframe, $10.98 billion in leveraged positions were liquidated.
Many are speculating this is liquidity rotation, institutional money moving out of crypto and into equities as stocks hit all-time highs. Or prices are being intentionally suppressed before the Clarity Act fully passes so institutions can accumulate more Bitcoin at lower prices before the regulatory green light arrives.
Since May 15, Bitcoin ETFs sold $4.356 billion worth of BTC, not a single day of inflows since the Clarity Act advanced. The same bill that is supposed to be bullish for institutional crypto adoption triggered the longest ETF outflow streak on record.
Then on June 1, Saylor sold 32 Bitcoin worth $2.5 million ( 0.0037% of his holdings ) for the first time since 2022 to fund dividend payments. He is the largest corporate Bitcoin holder on Earth. That single sale raised fears that more selling is coming and that fear alone accelerated the drop.
Fundamentally Bitcoin got rejected from a resistance of $83,000 creating a lower high. Following the typical 4-year cycle, it is now printing consistent lower highs and lower lows, pointing toward new cycle lows in coming months.
All while the US, Japan, Taiwan, and South Korea stock markets hit all-time highs in the same 20 days.
Moment of silence for the bulls who stayed bullish into this $BTC dump. 🕯️
$80K - liquidated.
$75K - liquidated.
$72K - liquidated.
$68K - liquidated.
$65K - liquidated.
RIP to all of them.
we finally tagged it. btc wicked to 61,350 today, right into the 200 week line that called the 2015, 2018 and 2022 bottoms. third touch since february. not a bottom call, just the zone every cycle has gotten cheap at.