🆕 #API3 Upbit adds API3 as a digital asset on KRW and USDT pairs. API3 market capitalization: $72 million
📊👀 #BTC #ETH Santiment Report:
- Social media discussion of the Fed rate cut reached the highest level in 11 months (a significant spike could indicate market euphoria and a potential need for caution);
- A growing number of predictions for a "higher" BTC price, while ETH discussions remain neutral;
- BTC's high MVRV and very positive funding rates may indicate an overheated market;
- The number of BTC on exchanges has increased by almost 70,000 since the beginning of June;
- Short-term (30D) MVRV is approaching +15%, a level considered a "danger zone" where altcoins often experience pullbacks; and long-term MVRV is at a very high +58.5%, increasing the risk of profit taking;
- Ethereum blockchain data looks optimistic in the long term;
- #LINK and #API3 are showing peak activity levels, which can sometimes signal an impending trend reversal.
- Social media discussion of the Fed rate cut reached the highest level in 11 months (a significant spike could indicate market euphoria and a potential need for caution);
- A growing number of predictions for a "higher" BTC price, while ETH discussions remain neutral;
- BTC's high MVRV and very positive funding rates may indicate an overheated market;
- The number of BTC on exchanges has increased by almost 70,000 since the beginning of June;
- Short-term (30D) MVRV is approaching +15%, a level considered a "danger zone" where altcoins often experience pullbacks; and long-term MVRV is at a very high +58.5%, increasing the risk of profit taking;
- Ethereum blockchain data looks optimistic in the long term;
- #LINK and #API3 are showing peak activity levels, which can sometimes signal an impending trend reversal.
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