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Mandy Williams



Articles by Mandy Williams

U-Turn? Donald Trump Says He Can Live With Bitcoin

1 day ago

Donald Trump, former United States President and candidate in the upcoming elections, has taken a u-turn on his stance against Bitcoin, stating that he can live with it.
During an interview with Fox News, the billionaire acknowledged that BTC, the leading digital currency, is getting a lot of attention and taking a life of its own, stating the need for some regulation around the asset.
Living With Bitcoin
Trump said he had seen some interesting incidents surrounding BTC, like more people wanting to pay for goods and services with the cryptocurrency.
Regardless of the BTC’s growing adoption and utility, the former U.S. president insisted that he has and will always like one currency: the United States dollar (USD).
“You probably have to do some regulation, as you know. But

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South Korea With a Clever Way to Collect Crypto Taxes: And It’s Paying Off

2 days ago

In 2023, Gyeonggi Province, the most populous province in South Korea, collected millions of dollars from tax evaders by tracking their crypto assets on several centralized exchanges.
According to a report by local media Yonhap News Agency, the Gyeonggi Tax Justice Department accrued 6.2 billion won ($4.67 million) in undeclared taxes from evaders by using a special electronic management system that tracked the delinquents’ virtual assets.
Gyeonggi Collects $4.6M in Delinquent Taxes
Before the Gyeonggi government introduced the tracking software last year, the lists of the offenders were usually sent to crypto exchanges to check for membership registration on their platforms. The process would eventually be followed up with a seizure and sale of the delinquents’ crypto

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Ripple CEO Says Firm is Open to Welcoming a Spot XRP ETF

3 days ago

Brad Garlinghouse, the CEO of financial technology company Ripple Labs, has disclosed that the crypto solutions provider and developer of the Ripple payment protocol would welcome a spot exchange-traded fund (ETF) for the network’s native token, XRP.
Ripple to Welcome Spot XRP ETF
Speaking on his thoughts about the current state of the crypto industry in a Bloomberg interview, Garlinghouse chipped in that creating multiple ETFs around different tokens is inevitable as they would further diversify the risk of trading such investment vehicles. He added that some firms may even launch basket ETFs, containing a collection of multiple crypto assets.
Likening the condition of the crypto ETF space to the earliest days of the stock market, the Ripple CEO explained that investors

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Bitcoin ETFs Show Steady Demand as BTC Hits New YTD High: Bitfinex

4 days ago

Spot Bitcoin exchange-traded funds (ETFs) have seen steady inflows in the past week, surpassing any other exchange-traded products (ETPs) among the 3,400 trading in the United States.
Analysts at crypto exchange Bitfinex revealed in the new Bitfinex Alpha report that the ETFs recorded net positive inflows exceeding $2.2 billion for the second consecutive week between February 12 and 16. The inflows partially fueled BTC’s recovery after its brief fall post-Consumer Price Index (CPI) data release.
Bitcoin ETFs Show Constant BTC Demand
Most of the inflows were directed toward BlackRock’s IBIT ETF, which gathered $1.6 billion. The fund alone has accrued $5.2 billion year-to-date (YTD), accounting for approximately 50% of the asset manager’s total net inflows across all their

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Is BTC’s Price Impacted by the Recently-Approved Spot Bitcoin ETFs? (CryptoQuant Analysis)

7 days ago

Bitcoin (BTC) recently soared past the $50,000 mark for the first time since December 2021 and has remained on the rise, currently trading above $51,900. Analysts from on-chain intelligence platform CryptoQuant have attributed the asset’s rise to high demand from the recently approved spot Bitcoin exchange-traded funds (ETFs).
According to CryptoQuant’s latest weekly report, an estimated 75% of new money invested into BTC is coming from ETFs, excluding Grayscale’s GBTC.
Bitcoin ETFs Are Driving BTC’s Surge
As fresh money enters the market, Bitcoin’s market cap has touched $1 trillion, with the realized capitalization reaching $454 billion, hovering under its all-time high of $468 billion from April 2022. The realized capitalization metric measures the amount of money

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Bitcoin Registered New ATHs Against These Fiat Currencies, When the USD?

8 days ago

Bitcoin’s (BTC) uptick by more than 15% this week has caused the asset to hit new all-time highs (ATHs) against several depreciating fiat currencies.
With the leading cryptocurrency recording new highs against the Argentine peso (ARS), the Japanese yen (JPY), the Turkish lira (TRY), and the Nigerian naira (NGN), anticipation is rising about when it will register an ATH against the United States Dollar (USD).
BTC Records New Highs
As reported by CryptoPotato earlier this week, BTC reached a new ATH in Argentina, recording a valuation of 40 million ARS. The Argentine Peso has declined roughly 99% against the USD in the last six years, causing Argentinians to turn to alternative assets, like BTC and USDT, to look for safe havens.
With BTC going above $52,000 yesterday, the

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This is How Bitcoin ETF Inflows Are Affecting BTC’s Price Movement

9 days ago

Inflows from the new spot Bitcoin exchange-traded funds (ETFs) are the major reason BTC has experienced a significant uptick, surpassing the $50,000 level and exceeding $52,000.
According to a tweet by Marc van der Chijs, Bitcoin investor and founder of several crypto firms, including miner Hut 8, ETF issuers are buying more than 10-12x the amount of BTC produced daily, and this is leading to a 2% price increase, which is roughly $1,000, per day.
ETFs’ Impact on BTC’s Price
Chijs’ analysis of the post-ETF Bitcoin charts found that most price increases occur during the settlement period before the U.S. market opens.
Since the inflows are 10-12 times bigger than the amount of newly produced BTC, users have been selling their holdings to fill the ETF orders. These sales

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This NFT Platform Lost $290M in a 4-Day Exploit

10 days ago

PlayDapp, a South Korean blockchain-based game development platform and non-fungible token (NFT) marketplace, has lost over $290 million in crypto from an exploit lasting four days.
According to a tweet from the platform’s team, the smart contract of PlayDapp’s native token, PLA, has been paused, and preparations are ongoing to conduct a snapshot for migration.
PlayDapp Hacked for $290M
PlayDapp’s woes began on February 9 when an unauthorized wallet minted 200 million PLA tokens worth $36 million at the time. Blockchain security firm PeckShield revealed that the wallet was recently added after the token’s smart contract’s private keys were compromised and the protocol hacked.
In response to the incident, PlayDapp offered the hacker a white hat bounty of $1 million in

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Metaco CEO and CPO Reportedly Depart Following Ripple Acquisition

12 days ago

Two top executives of Swiss-based cryptocurrency custody provider Metaco have reportedly departed the firm less than a year after landing an acquisition deal with blockchain solutions company Ripple.
According to a CoinDesk report citing a Ripple spokesperson, Adrien Treccani, Metaco’s founder and CEO, and CPO Peter DeMeo have left the firm. Metaco is yet to announce the employees who will fill in those roles.
Metaco CEO and CPO Leave Firm
Metaco has not revealed the reason for the departure of its CEO and CPO, but speculators believe the Ripple deal may have raised the need for a leadership transition.
Ripple acquired the custody firm in May 2023 for $250 million, a deal marking the blockchain company’s expansion into the growing institutional crypto custody market.

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Web3 Platform Analog Completes $16M Fundraise, Launches Toolkit And Partners Program

12 days ago

Web3 omni-chain interoperability platform Analog has achieved a funding milestone, raising $16 million to advance its data accessibility and cross-chain communication plans.
According to a press release seen by CryptoPotato, Analog intends to become a one-stop shop for blockchain interoperability in the web3 space.
Analog Raises $16M to Further Operations
The funding round involved participation from several crypto projects, venture capital firms, and angel investors, including NEAR, Mike Novogratz’s Samara Asset Group, Tribe Capital, Benqi Finance, Balaji Srinivasan, Orange DAO, Mask Network, Wintermute, Outliers Fund, Presto Labs, and Ocular Fund.
Analog said the idea behind its project stemmed from the lack of tools, education, and developer-focused infrastructure to

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Life Imprisonment for Korean Crypto Criminals Who Steal More than This Amount?

13 days ago

The South Korean government is taking extra steps to ensure the protection of crypto investors from unfair market activities and criminals by imposing higher fines and punishments for violations of certain provisions.
According to a press release, crypto criminals face jail terms of more than a year or a fine equal to three to five times the stolen amount. Depending on the weight of the offense, individuals who make illegal profits of more than five billion won ($3.8 million) may be sentenced to life imprisonment or be imposed a fine equivalent to twice the stolen amount.
Crypto Criminals Face Life Imprisonment
The new measures are part of the Virtual Asset User Protection Act, which is expected to be effective on July 19, 2024. The government enacted the law on July 18,

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Here’s How Americans Could Have Saved $74B in Fees in a Single Year, According to Coinbase

14 days ago

Coinbase, the largest cryptocurrency exchange in the U.S., believes American households could have saved approximately $74 billion in credit card transaction fees in 2022 if they used blockchain technology.
In Coinbase’s latest State of Crypto Report, the exchange outlined the frustrations of the current financial system, ranging from high costs to delays and difficult access, insisting that blockchain technology eliminates all the issues.
Saving $74B in Transaction Fees
Coinbase surveyed more than 3,500 U.S. adults for the report, and around 71% of the respondents said the major improvement they want in the current financial system is cheaper transactions. Another 70% wanted faster transitions, while 63% requested better access.
The survey revealed that frustration over

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Bitcoin Miner Selling Pressure Lowers as BTC Price Goes Above $47K: CryptoQuant

15 days ago

On-chain analysis by market intelligence platform CryptoQuant has found that selling pressure from Bitcoin miners has eased and remained low despite a significant decline in transaction fees.
According to the firm’s latest weekly report, Bitcoin sold daily by miners currently sits around 300 BTC, significantly down from the companies’ 800 BTC daily sales in November and December 2023.
Bitcoin Miner Selling Pressure Remains Low
Bitcoin miner selling pressure has stayed low in 2024 as the largest publicly traded mining firms replenish their holdings. This increase in the companies’ BTC holdings comes as miner profitability decreases by its largest amount in at least a year.
CryptoQuant analysts said miner profit/loss sustainability metrics show these firms have been “mostly

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COTI Price Soars 50% Daily Amid Privacy-Centric L2 Integration

15 days ago

Enterprise-grade digital fintech platform COTI has completed the integration of a new protocol for its privacy-centric Ethereum-based layer-2 network.
According to an official announcement, the design and implementation of the Multi-Party Computation (MPC) protocol of COTI V2 is the first of the development milestones to be reached this year.
COTI Achieves First Milestone For L2 Protocol
MPC enables parties to collectively perform a computation on their private inputs using cryptographic protocols without disclosing them to each other. COTI designed the protocol to protect the confidentiality of participants’ data throughout the computation phase.
An MPC transaction involves parties contributing encrypted data to a designated black box, which processes the inputs to

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Bitcoin Miner Hut 8 Appoints New CEO Weeks Following Short-Selling Report

16 days ago

Bitcoin mining company Hut 8 has announced a leadership transition roughly three weeks after an activist short-selling firm published a report containing allegations against the miner’s management practices and finances.
According to an official release, former CEO Jaime Leverton will be immediately succeeded by Asher Genoot, who has served as Hut 8’s president since November 2023.
Hut 8 Announces New Chief Executive
Genoot co-founded Bitcoin miner U.S. Bitcoin Corp (USBTC) and served as the firm’s president before merging with Hut 8 last year. The merger deal saw Hut 8’s common stock (TSX) change to New Hut (HUT) as the new company was named Hut 8 Corp.
The Hut 8 Board of Directors said the completion of the merger deal signaled the need to set a new strategic direction

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HELLO Labs Taps MarketAcross to Launch Crypto Reality Show

16 days ago

Web3 entertainment company HELLO Labs has entered a partnership with blockchain PR and content marketing agency MarketAcross to launch a crypto television series called Killer Whales.
According to a press release seen by CryptoPotato, MarketAcross has become the official PR partner of Killer Whales and will help HELLO Labs propel the show’s entertaining narrative to global audiences.
HELLO Labs and MarketAcross Unveil Killer Whales
Killer Whales is a reality show for entrepreneurs to pitch their crypto and non-fungible token (NFT) projects to a panel of experts from different spheres of the industry. These experts are called the whales. The show aims to deliver quality entertainment while educating the masses on the rewards and risks of web3.
Sander Gortjes, executive

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Korean Authorities to Investigate OKX Over Improper Registration Complaints: Report

17 days ago

Authorities in South Korea are looking to investigate major cryptocurrency exchange OKX over complaints of the platform’s improper registration in the country.
According to a report by News1 Media, South Korea’s Financial Intelligence Unit (FIU) received complaints from the country’s Digital Asset Exchange Association (DAXA).
OKX Under Regulatory Probe
DAXA, an alliance of South Korea’s five major crypto trading platforms, including Upbit, Bithumb, Coinone, Korbit, and Gopax, received information concerning OKX’s misconduct from unidentified sources. The organization conducted its research before taking the matter to the FIU.
One of the requirements for a foreign platform to operate in South Korea is language support. Overseas exchanges must translate their content to

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Here’s How This Crypto Trader Made $1.2M From a $97K Pandora Purchase in 2 Days

18 days ago

A cryptocurrency trader has profited more than a million dollars from a less than $100,000 purchase of the just launched Pandora (PANDORA) token.
According to a tweet by market analytics platform LookOnChain, the trader’s purchase recorded gains after two days.

The price of #Pandora, the first token built on the #ERC404 token standard, has now risen to over $8,600.
A trader has made a total profit of ~$1.2M on #Pandora in just 2 days!
The trader spent 97,484 $USDT to buy 154 #Pandora at $633 2 days ago and sold 25 #Pandora for 188,695… pic.twitter.com/407fCIlcx1
— Lookonchain (@lookonchain) February 6, 2024

From $97K to $1.2M
Two days ago, a trader with wallet address 0xbC150 spent $97,484 Tether (USDT) to buy 154 PANDORA at $633 each. The stash is worth roughly $1.24

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Change of Heart: South Korea to Discuss Spot Bitcoin ETFs With US SEC (Report)

19 days ago

Speculation about the South Korean government rethinking its hostile stance on spot Bitcoin exchange-traded funds (ETFs) may be true, as the country’s financial regulator has officially indicated interest in the products.
A report from local media outlet Hankyung has revealed that the Financial Supervisory Service (FSS) of South Korea intends to meet with the United States Securities and Exchange Commission (SEC) to discuss the crypto industry and spot Bitcoin ETFs.
FSS to Meet U.S. SEC for Crypto ETF Talk
According to the report, FSS chief Lee Bok-hyun is expected to visit the U.S. later this year to meet with SEC chair Gary Gensler. He announced the visit on Monday while revealing his business plans for 2024 at the Financial Supervisory Service in Yeouido, Seoul.
The FSS

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Bitcoin Price Recovers as Demand Remains Positive: CryptoQuant

20 days ago

Bitcoin’s (BTC) price has recovered after plunging to an undervalued territory a week ago. Amid the price fluctuations, the asset’s demand has remained positive.
A weekly report from on-chain analytics platform CryptoQuant shared with CryptoPotato revealed that BTC’s price may have bottomed as its latest descent crushed the short-term holders’ unrealized profit margins to 0%.
Bitcoin Reaches Undervalued Territory
On January 23, bitcoin touched a two-month low of $38,000, becoming undervalued in the short term. BTC’s undervaluation was seen in a negative Coinbase premium, as the asset was traded at a cheaper rate on the crypto exchange.
Another sign of BTC’s undervaluation was Bitcoin miners getting “extremely” underpaid. This may have led to an uptick in selling pressure

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Binance Unveils Marketplace for Inscriptions Tokens

20 days ago

Binance, the world’s largest crypto trading platform, has announced the launch of a marketplace for inscription tokens to facilitate the buying, selling, and minting of a wide range of such assets.
According to a press release seen by CryptoPotato, the Binance Inscriptions Marketplace leverages the application programming interface (API) of UniSat, a Bitcoin inscriptions market and wallet provider, and is hosted within the Binance Web3 Wallet.
Binance Launches Inscriptions Marketplace
Inscription tokens are fungible assets that can be used to store digital artifacts and non-fungible tokens (NFTs) created on blockchains. The artifacts include data like texts and images.
Inscriptions became popular in 2023 after the launch of the Ordinals protocol on the Bitcoin blockchain.

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Crypto Mom Disagrees With SEC’s Denial of Petition to Amend Gag Rule

21 days ago

Hester Peirce, a commissioner for the United States Securities and Exchange Commission (SEC), has expressed her disagreement with the agency’s denial of a petition to amend a rule that prevents defendants from denying any allegations in settlement enforcement actions.
According to an official statement from the commissioner, popularly known in the digital asset community as “Crypto Mom,” the prohibition of denials from defendants prohibits the American public from lodging criticisms against the government and assessing its credibility.
SEC Denies Petition to Amend Gag Rule
The gag rule is a part of the SEC’s policy adopted in 1972, which requires defendants to agree that they will not take any action or make public statements denying any allegations in the complaints

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This German Banking Giant Will Offer Crypto Trading Services in 2024: Report

22 days ago

One of the largest banking groups in Germany intends to launch crypto trading services for interested customers this year.
According to a Bloomberg report, the cooperative financial group, comprising more than 700 local banks, a central bank, specialized service providers, and institutions, plans to enter the project’s pilot phase soon.
DZ Bank to Lead Crypto Trading Project
The DZ Bank, a central bank in charge of the project, leads the cooperative financial network. Souad Benkredda, responsible for capital market operations on the central bank board, told Bloomberg that primary banks would soon begin test trading Bitcoin (BTC) and a wide range of other cryptocurrencies with customers.
“Over the course of the year, we will enter the pilot phase for retail trading of

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Thai SEC Orders Zipmex to Temporarily Suspend Crypto Trading Services

22 days ago

Thailand’s Securities and Exchange Commission (SEC) has ordered cryptocurrency exchange Zipmex to suspend its trading and brokerage services temporarily.
According to an official announcement, Zipmex’s services will remain suspended for 15 days until the firm fixes its financial position and operational issues.
Zipmex Ordered to Halt Services
The SEC revealed that it issued a letter on January 12 ordering Zipmex to amend the maintenance of its net liquid capital, bring it up to the required amount by law, and fix its business management structure.
However, as of January 27, Zipmex had not met the requirements, and during the Commission’s February 1 meeting, the exchange’s efforts to fix the deficiencies were deemed insufficient. As a result, Zipmex must pause its

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Ark Invest Says Bitcoin Could Be Worth $2.3M If This Happens

22 days ago

Cathie Wood’s asset management firm Ark Invest has predicted that the price of Bitcoin (BTC) could soar to $2.3 million if institutions allocated a substantial portion of their investable asset base to it.
The asset manager made the prediction in its research report named Big Ideas 2024, explaining the hypothetical impact that institutional investments and allocations from the global $250 trillion investable asset base would have on BTC’s price.
Bitcoin Could Be Worth $2.3M
According to Ark Invest’s analysis, a portfolio seeking to maximize risk-adjusted returns on a five-year timeframe from 2015 would have allocated 0.5% to BTC. Since then, on the same basis, the average allocation to the digital asset would have been 4.8%, while in 2023 alone, such portfolios would have

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Bitfinex Unveils Securities Platform in El Salvador

24 days ago

Bitfinex, one of the oldest cryptocurrency exchanges, has announced the launch of a securities trading platform in El Salvador, the first country to recognize bitcoin (BTC) as legal tender.
According to a press release seen by CryptoPotato, Bitfinex Securities El Salvador will be the Central American country’s first registered and licensed digital assets service provider.
Bitfinex Securities Platform Launches in El Salvador
Bitfinex Securities El Salvador is currently accepting customer applications and has a pipeline of issuances awaiting launch.
The new platform launch follows the greenlighting of several Bitcoin exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC) two weeks ago. The move rides on the expectation that there will be

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Binance Recovers Market Share Two Months After DOJ Settlement

25 days ago

The market share of the world’s largest cryptocurrency exchange Binance has recovered significantly after plunging in the second half of 2023 due to several factors, including a massive settlement with U.S. regulators two months ago.
According to a tweet from crypto market data provider Kaiko, the market share of the leading trading platform has risen to 49%, up from multi-year lows recorded as the exchange navigated its legal hassles.
Binance’s Market Share Rebounds
2023 was a tough year for Binance. Although the exchange started the year strong with a 55% market share, it witnessed ailing on-chain activities that significantly declined its reserves and trading volumes.
As CryptoPotato reported, events like the end of the Zero-Fee Bitcoin trading promotion and the

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Roughly 70% of Crypto Communications Violate FINRA Rules: Report

27 days ago

The United States Financial Industry Regulatory Authority (FINRA) has revealed that about 70% of retail communications concerning cryptocurrencies violate its rule of misleading claims.
According to an official report, FINRA identified communications that failed to provide sound bases for evaluating digital assets by excluding explanations of how they are issued, held, transferred, and sold.
Misleading Crypto Communications
FINRA’s findings come from an exam launched in November 2022, which targeted crypto firms that actively communicate with retail investors over crypto assets and related services to evaluate their practices.
The financial regulator assessed over 500 communications distributed by member firms concerning assets offered by affiliates or third parties for

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73% of European Residents Are Confident in Crypto’s Future: Survey

27 days ago

A vast majority of European residents have expressed optimism and confidence about the future of the cryptocurrency sector.
According to a Binance Survey targeting users in France, Italy, Spain, and Sweden, around 73% of respondents are positive about the future of digital assets.
A Trend of Optimism
The world’s largest crypto exchange surveyed 10,498 individuals from the selected countries between October 14 and November 8, 2023. The results revealed a trend of optimism, exclusive engagement with crypto assets, surging adoption, growing trust, and increasing utility.
While 73% of the participants expressed optimism about crypto’s future, 55% disclosed that they interact exclusively with digital assets. This indicates a positive perspective on the anticipated growth and

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What Needs to Happen for Bitcoin to Mark a Local Bottom? CryptoQuant Reports

28 days ago

Analysts at market intelligence platform CryptoQuant have revealed that BTC’s price bottoming signal can not be triggered until unrealized profit margins for short-term holders reach -10%.
According to the CryptoQuant Institutional Insights weekly crypto report, short-term holders’ profit margins have approached zero, and this has caused ease in selling pressure. However, the leading digital asset is yet to call a price bottom.
BTC Falls Below $40K
Earlier this week, BTC fell below $40,000 for the first time since December 3, 2023, triggering roughly $230 million in short and long liquidations. The asset recorded its lowest price since the United States Securities and Exchange Commission (SEC) approved numerous spot Bitcoin exchange-traded funds (ETFs) for listing on

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