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Bitcoin Price Moves Could Trigger Significant Liquidations #yapayzeka
According to BlockBeats, Coinglass’ data as of September 25 shows that if Bitcoin falls below $63,000, the cumulative liquidation intensity of long positions on major centralized exchanges (CEXs) will reach $980 million. Conversely, if Bitcoin surpasses $65,000, the cumulative liquidation intensity of short positions on major CEXs will reach $419 million.
BlockBeats notes that the liquidation chart does not show the exact number of contracts waiting to be liquidated or their exact values. Instead, the bars on the chart represent the relative importance of each cluster of liquidations compared to nearby clusters, indicating density.
Therefore, the liquidation chart shows the extent to which the price of the underlying asset will be affected if it reaches a certain level. Higher ‘liquidation bars’ indicate a more intense reaction due to the liquidation wave when the price reaches that point.$BTC

US September One-Year Inflation Rate Expected at 2.7%
According to BlockBeats, the preliminary US September one-year inflation rate is forecast at 2.7%. This is in line with the expected 2.7% rate and slightly lower than the previous 2.8%

MicroStrategy Purchases $1.1 Billion Worth of Additional Bitcoin
According to Odaily, MicroStrategy recently purchased 183,000 BTC worth around $1.1 billion. As of September 12, the company’s total Bitcoin holdings reached 244,800 BTC, with an estimated value of $9.45 billion $BTC

The Role of Data and AI in the Blockchain Ecosystem
According to Cointelegraph, on the latest episode of the Hashing It Out podcast, Chainbase co-founder and chief operating officer Chris Feng joined host Elisha Owusu Akyaw to discuss the evolving role of data and artificial intelligence (AI) in the blockchain ecosystem. The conversation highlighted how these technologies are driving new developments in the Web3 space, and highlighted the untapped potential of on-chain data as a critical asset for both industries.
Feng explained that on-chain data is moving from being just a transaction record to a new type of asset class. As Web3 continues to grow, blockchain data is being used not only for transaction verification, but also for valuable insights that fuel innovation. Feng emphasized the importance of a robust data infrastructure to support this shift, noting that Chainbase is building an ecosystem where developers can work with high-quality data to run more precise applications in a Web3 environment.
A key point of discussion was the intersection of AI and blockchain. Feng noted that the rise of AI has significantly impacted business operations, and blockchain plays a key role in ensuring transparency and trust in data. Chainbase addresses this issue by providing a network that transforms raw blockchain data into actionable insights for AI applications, enabling models to better understand and process blockchain data. Feng also emphasizes the broader implications of this transformation, predicting that integrating AI with blockchain could shape the future of Web3 applications, creating smarter, more efficient platforms that lower the barrier to entry for developers. This chapter provides a clear look at how data, AI, and blockchain come together, paving the way for new technological advancements in the Web3 space #YapayzekaAI

Bitcoin and Ethereum Mining Wallet Supplies Show Potential Bullish Market Signal
According to BlockBeats, on September 13, Santiment shared on social media that the supply of Bitcoin and Ethereum mining wallets has been decreasing since the first half of 2024. With the recent slight recovery, their total supply is expected to increase, which is considered a strong signal for the upcoming bull market.

Crypto Market Sees $61.69 Million Liquidation in 24 Hours
According to Foresight News, data from Coinglass shows that the crypto market has seen a total of $61.69 million in liquidations in the last 24 hours. Long positions account for $32.91 million of this amount, while short positions account for $28.77 million. Bitcoin saw $16.74 million in liquidations, and Ethereum saw $14.84 million in liquidations $BTC $ETH $BNB

BTC and ETH Options Set to Expire with Significant Market Impact
According to Odaily, Greeks.live macro researcher Adam shared data on options expiring on September 13 on X. A total of 23,000 BTC options are expected to expire, with a put-call ratio of 0.87 and a maximum pain point of $58,000, representing a notional value of $1.34 billion. Additionally, 127,000 ETH options are expected to expire, with a put-call ratio of 0.73 and a maximum pain point of $2,400, representing a notional value of $298 million.

This week, as the overall cryptocurrency market recovered, market volatility expectations have decreased. Maximum pain points are aligned with current prices. Implied volatility in large maturities has decreased as the market expects the Federal Reserve to cut interest rates by 25 basis points next week. September was weak as expected, especially for ETH, which has shown significant weakness. ETH/BTC exchange rate has dropped below long-term support level of 0.04. It appears that BTC continues to be the driving force for the next bull market

Introducing Hamster Kombat (HMSTR) on Binance Launchpool and Super Earn!
Binance is announcing the 58th project on Binance Launchpool - Hamster Kombat (HMSTR), a play-to-earn (P2E) crypto exchange CEO simulator built on the Telegram mini-app platform. The Launchpool page will go live within 24 hours before the farming start date on September 19, 2024.
HMSTR on Binance Launchpool:
Users will be able to lock their BNB and FDUSD to receive HMSTR airdrops for seven days. Farming will begin on 2024-09-19 00:00 (UTC) with the following details:
Token Name: Hamster Kombat (HMSTR)
Total Token Supply: 100,000,000,000 HMSTR
Launchpool Token Rewards: 3,000,000,000 HMSTR (3% of total supply)
Supported Pools:
Lock BNB: 2,550,000,000 HMSTR rewards (85%)
Lock FDUSD: 450,000,000 HMSTR rewards (15%)
Hourly Hard Limit Per User:
BNB Pool: 1,517,857.14 HMSTR
FDUSD Pool: 267,857.14 HMSTR
Farming Period: 2024-09-19 00:00 (UTC) - 2024-09-25 23:59 (UTC).

Trading and Listing:
Binance will open HMSTR for trading on 2024-09-26 12:00 (UTC), supporting pairs including HMSTR/USDT, HMSTR/BNB, HMSTR/FDUSD, and HMSTR/TRY. Seed Tag will be applied to HMSTR.

HMSTR Super Earn:
HMSTR will also be available on Simple Earn Locked Products with a special Annual Percentage Rate (APR). Details will be provided in a separate announcement for Super Earn participants to maximize their rewards #Binance

US Jobless Claims See Slight Increase Amid Labor Market Slowdown
The number of initial jobless claims in the US saw a slight increase last week, according to BlockBeats, suggesting that layoffs remain low despite the slowdown in the labor market. The US Department of Labor reported on Thursday that initial claims for unemployment benefits increased by 2,000 for the week ending September 7, bringing the total to 230,000. However, it is important to note that the data collection period included the Labor Day holiday, which typically causes fluctuations in the number of applications filed before and after the holiday.

Additionally, the number of continuing claims for unemployment benefits increased by 5,000 for the week ending August 31, to 1.85 million. This slight increase follows a trend in continuing claims that rose to levels not seen since the end of 2021 in July, but mostly decreased throughout August. This decline in continuing claims coincides with the decline in the unemployment rate seen last month

E-Comms Invests in Hong Kong Virtual Asset Exchange
According to Odaily, Hong Kong-listed company E-Comms has released its 2024 interim report, revealing that it has invested HKD 12.9 million in Hong Kong Virtual Asset Exchange Limited (VAX). VAX, a private company, is currently applying for a license from the Securities and Futures Commission to conduct regulated activities under the Securities and Futures Ordinance. These licenses include Type 1 (dealing in securities) and Type 7 (providing automated trading services).

As of June 30, 2024, E-Comms Group holds 165,385 shares in VAX, with a book value of approximately HKD 1,543,000

Significant Drop in Crypto Whale Transactions Since Mid-August
According to Odaily, Santiment reported a noticeable drop in crypto whale transactions since mid-August. For Bitcoin, the number of transfers over $100,000 has decreased by 33.6% since the peak in March/April. Similarly, Ethereum saw a 72.5% drop in transfers over $100,000 during the same period.

Analysts suggest that this trend is not necessarily a bearish signal. Whales tend to be active in both bull and bear markets. However, it does suggest that major stakeholders are waiting for the right moment to make their move during times of extreme greed or fear among the general public. Since Bitcoin reached an all-time high six months ago, the reaction to the moderate fluctuations has been intense. According to sentiment patterns, a return to $70,000 for Bitcoin could trigger significant FOMO (Fear of Missing Out), while a drop to $45,000 could lead to serious FUD (Fear, Uncertainty, and Doubt) $BTC $ETH $BNB
#Binance #BinanceBlockchainWeek

Bitcoin Reserves Are Decreasing, Stablecoin Reserves Are Increasing, Pointing to Potential Price Increase
According to BlockBeats, on September 12, CryptoQuant analyst Tarek On-Chain shared insights on social media regarding the current trend in Bitcoin reserves on exchanges. He noted that Bitcoin reserves on exchanges have been decreasing significantly, a trend that typically indicates a price increase. The decrease in Bitcoin reserves on exchanges means a decrease in selling pressure as investors move their Bitcoin to cold storage, which reduces the available supply in the market. Historically, such transfers have often been accompanied by price peaks, suggesting that a similar situation may be occurring now.

At the same time, stablecoin reserves on exchanges are increasing, indicating that investors are preparing to enter the market. Stablecoins represent capital that can be used at any time, and their increasing reserves suggest that investors are waiting for the right opportunity to enter the market. This growth suggests a strong buying intent in the market.
The combination of decreasing Bitcoin reserves and increasing stablecoin reserves is setting the stage for a potential price rally. With Bitcoin supply decreasing and purchasing power increasing, the market is primed for an uptrend. Historically, such supply-demand imbalances have often led to significant price increases.

The decrease in Bitcoin reserves, combined with the increase in stablecoin reserves, is bullish for Bitcoin. We could see a price breakout in the coming weeks as market supply shrinks and purchasing power accumulates. Investors should remain vigilant and monitor potential market uptrends $BTC
#Binance #Bitcoin

UK Government Introduces Bill to Clarify Legal Status of Digital Assets
According to CoinDesk, the UK government has introduced a bill to Parliament that addresses the legal status of digital assets, including cryptocurrencies, non-fungible tokens (NFTs), and tokenized real-world assets (RWAs). The bill aims to classify these assets as personal property under UK law, provide clear guidelines for the legal profession in property disputes, and offer crypto owners protection against fraud and scams.

The proposed legislation introduces a new category of property, in addition to the existing categories of ‘things owned’ and ‘things in action’. This new category, called ‘things’, would allow certain digital assets to be recognized as personal property. Justice Minister Heidi Alexander stressed that this classification would help determine ownership during disputes such as divorce proceedings and protect individuals and companies from fraudulent activity.
Earlier this year, the Law Commission, which examines the law in England and Wales and recommends changes, published a consultation on draft legislation to label crypto as property. This was followed by a report on its findings, which concluded that some digital assets do not fit into the existing categories of ‘things owned’ or ‘things in action’. However, the law in England and Wales still treats these assets as being attributable to personal property rights. The Ministry of Justice noted that the findings primarily apply to a subset of digital assets, mainly crypto tokens. $BTC #NFT

#Binance

Bitcoin Miners Sold Over 30,000 BTC Worth $1.71 Billion in 72 Hours
According to Odaily, on-chain data reveals that Bitcoin miners sold over 30,000 BTC in the last 72 hours. The total value of these transactions is around $1.71 billion. This significant sell-off has caught the attention of the crypto community as it could affect Bitcoin’s market dynamics and price stability. $BTC
#Binance

Bitcoin’s Performance Unlikely to Be Impacted by the Upcoming US Presidential Elections
According to Odaily, Matrixport has published a chart showing that while much attention has been paid to the potential impact of the next US president on Bitcoin, the real impact may be on the regulatory environment of the Bitcoin ecosystem rather than Bitcoin itself. During the Republican administrations (2016-2020) and the Democratic administrations (2020-2024), cryptocurrencies experienced significant growth. Therefore, despite the media focus on the upcoming elections, Bitcoin is likely to continue its positive performance regardless of who takes office. $BTC
#Binance

Bitcoin Poised for a Potential Breakout in October According to Cointelegraph, Bitcoin (BTC) is poised for a major breakout in October, with analysts predicting one last major correction before the next phase of the bull cycle. Popular crypto analyst Mags suggests that Bitcoin could experience one last dip before a significant upward move. In a September 9 post, Mags noted that Bitcoin has been forming higher highs and higher lows since February 2024, indicating a long-term uptrend. However, chart patterns suggest a possible correction to the $51,000 trendline before the next upward move. Additionally, the Bitcoin Chicago Mercantile Exchange (CME) gap analysis points to a possible correction to $54,000, based on the current BTC CME gap between $54,000 and $54,450. CME gap analysis has become a popular method for evaluating potential retest areas for Bitcoin during momentum breakouts. These gaps are often marked by traders as potential support and resistance ranges ahead of a trend continuation or reversal. Other analysts, including Titan of Crypto, are also predicting a drop to end the current Bitcoin consolidation phase. Titan of Crypto mentioned in a post dated September 10 that it may be time for Bitcoin to end its consolidation phase, noting that history does not always repeat itself, but it often rhymes. According to Titan of Crypto, October is seen as a ripe month for Bitcoin’s latest bullish cycle to begin. The analyst emphasized in a post dated September 4 that October could be the start of Bitcoin’s latest cycle move. Historical data supports this view, as October has been the second-best month for Bitcoin price action, with an average return of 22.9% $BTC #Binance

Bitcoin’s September Performance Is Weak, October Is Expected to Be Strong.

According to Odaily, NYDIG highlighted that there are currently several catalysts driving Bitcoin’s recent price rally. Historically, September has been a weak month for Bitcoin’s price performance. However, on a positive note, October is typically one of the strongest months for Bitcoin’s price performance. Bitcoin is currently hovering around $57,000, up more than 3% in the past 24 hours. $BTC

Bitcoin Node Rankings Show German IP Addresses Leading
According to Odaily, HODL15 Capital announced that the latest Bitcoin node rankings on the X platform revealed a significant presence of German IP addresses. Specifically, three of the top eight Bitcoin nodes are located in Germany $BTC
#Binance

Crypto Market Sees $124 Million Liquidation in 24 Hours
According to BlockBeats, data from Coinglass shows that the cryptocurrency market saw a total of $124 million in liquidations in the last 24 hours. Of this amount, $28.41 million was liquidated from long positions and $95.36 million was liquidated from short positions.$BTC