Morning update:
#Bitcoin continues to move sideways as most market participants are not really sure about the future price action and fear that we will see another drop🤔
With the on-chain data, it is hard to predict any short term price swings but what I can say for sure is that things look extremely bullish for the long term🚀 #Bitcoin
Yesterday, Venmo announced that more than 70 million customers can now buy, hold and sell crypto directly from their app🙏This places more pressure on Apple, Google, & Facebook to integrate bitcoin/crypto into their mobile applications! Bullish🚀
prnewswire.com/news-releases/…
WeWork, a market leader in co-working space rentals, started accepting crypto for their services. More importantly, Coinbase has already committed to paying for WeWork services in Bitcoin while WeWork will hold this #Bitcoin on their balance sheet.
wework.com/ideas/newsroom…
Yesterday, a large OTC deal was observed on-chain. Over 8,600 #BTC got deposited to Coinbase Pro and left the wallet just a few minutes after 👀
The #Bitcoin reserve on known exchange addresses stayed relatively flat ✅
Miner outflows slightly increased but are still near the yearly mean ✅ #Bitcoin
Funding rates as well as open interest are on the rise but still low compared to levels seen over the past month✅ #Bitcoin
Coinbase premium is still relatively high compared to the past data ✅
#BTC exchange inflows are still extremely low. This shows us that the coins are mainly moving to long-term holders. Another extremely bullish sign, just a matter of time before the supply shortage starts to kick in 😎
In the past 24 hours, the liquid circulating supply of $LUNA dropped by 2.5 million🔥 It is currently sitting at 126,438,000.
Anchor Protocol keeps growing at a rapid rate. Now over 37 million $LUNA is bounded in the protocol as collateral for the loans 🤑
An hour ago, the first Anchor integration was announced 👀
Anchor Protocol also announced that they are working on insurance for the protocol. Once this comes out, it will be a game-changer 😎
Basically, we are just getting started and there are only 35 million $LUNA tokens left in exchange wallets/for sale. The supply shortage is already here🔥
Last but not least, today's $BTC Giveaway winner is @UrosCecelic 🙌
Please send me a DM in order to claim the reward🚀
All other participants, make sure to participate again as I will be picking winners for the rest of the month! You can also win more than once😉
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