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🚨UPDATE:
Ethereum
’s leveraged short positions hit a record-high.
#ethereum
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JUST IN: $573 million public company Chief Investment Officer says there will be a lot of companies buying bitcoin like Saylor's Strategy in "every major jurisdiction" 🐂 "I think you'll see a lot of them, globally" 🚀
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Total crypto market cap falls below $4T — down 3.3% today. #DigitalAssets
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The next bull run is here, and #XRP holders are ready for a roller coaster ride #xrp
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$ETH will hit $10,000 this cycle Here are 3 reasons why: 👇 1. Institutional demand - In Q3, public-listed companies and ETFs have bought 4.4 million ETH worth $20 billion. - Individual whales and Web3 companies have also bought over 2 million ETH this quarter. - This accounts for almost 5.5% of the total supply. 2. Network activity - Weekly DEX volume is at a new all-time high (ATH). - Daily transactions are at a new ATH. - Monthly active users are at a new ATH. - Stablecoin supply is at a new ATH. - This means network demand is going through the roof, so price is likely to do the same. 3. Supply crunch - 30% of ETH supply has been staked. - 8% of supply has been bought by companies and ETFs. - 25% of supply is being held by long-term “diamond hand” holders. - 5% of supply has been lost forever. - Only 12% of supply is now available on exchanges, and it’s decreasing every month. - Annual token inflation is just 0.5%. - This creates a supply crunch even bigger than Bitcoin’s. Now with 401(k) access, upcoming rate cuts, and pro-crypto regulations, the demand for ETH will only go up. Remember, there will be some sharp corrections to make you panic sell — but in the end, ETH will trade above $10,000 this cycle. #Ethereum
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🇺🇸 $3 TRILLION GOLDMAN SACHS EXPECTS THE FED TO CUT RATES THREE TIMES IN NEXT 4 MONTHS. BULLISH FOR THE MARKETS 🚀
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