Morning update:
In the past 24 hours, not much has changed. #Bitcoin continues its sideways movement while the on-chain indicators, as well as the news surrounding the crypto space, continue to show us promising signs🤟
Bitcoin reserve on known exchange addresses slightly increased. There were mainly small deposits from retail investors so nothing to worry about✅ #Bitcoin
Miners continue to accumulate at those levels as their outflows keep hovering below the yearly mean ✅ #Bitcoin
Funding rates are staying low as derivatives traders aren’t feeling too confident during those volatile times ✅ #Bitcoin
30-day MVRV measuring the average return of traders is currently sitting at -7,41%. Historically speaking, not a lot of traders were selling at a loss so this might signal that the bottom is in/near ✅ #Bitcoin
A few minutes ago, we also saw another huge spike in Coinbase Premium. Looks like someone was loading up their bags during the recent dip ✅ #Bitcoin
At the moment, no red flags can be observed. Even Kimchi Premium normalized and dropped below 10% ✅ #Bitcoin
Fear and Greed Index is currently at 65% ✅ #Bitcoin
In the past 24 hours, the liquid circulating supply of $LUNA decreased by over 1 million. It is currently sitting at 125,131,000 🔥
Axelar just posted that they will soon be integrating Anchor and other Terra protocols 😎
Yesterday, it was revealed that Vlad Tenev, the CEO and Co-founder of Robinhood (a financial app with over 13 million users) is one of the early investors in Terra (LUNA) 😱 Literally all the big names are backing it!
Bison Trails also announced support for Terra 🤟
bisontrails.co/terra-guide/
Make sure to practice your dance moves over the weekend. I have a feeling that we will soon be celebrating😉
Last but not least, today's $BTC Giveaway winner is @ADoljak 🙌
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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