Coin Insider

🔼 Ethereum NFT Collections Drive Weekly Sales to $304 Million Sales of Ethereum-based NFTs surged to $304 million this week, driven by standout collections like Pudgy Penguins and Azuki, marking a 76% increase compared to the previous week.

💸 Today, ETH ETFs saw a net outflow of $75 million: 🟢 A significant ETH sell-off occurred, with more than $100 million worth of ETH offloaded. 🟢 Other funds, meanwhile, bought ETH, albeit modestly, with inflows totaling only a few tens of millions of USD

💵 Today, BTC ETFs saw a net outflow of $277 million: 🟢 BlackRock sold $72 million worth of BTC. 🟢 Other funds also reduced their BTC holdings, led by ARKB with $87 million in sales. 🟢 Total BTC sales by funds today reached nearly $290 million.

🔼 According to CryptoQuant, Bitcoin demand is surging. 🟢 OTC exchanges are experiencing the largest monthly inventory decline in 2024, with a reduction of 26K BTC. Total reserves have dropped by 40K BTC since November 20, indicating a significant increase in market momentum.

The Bitcoin Dominance (BTC.D) on the 1W timeframe suggests that altcoins might not have to endure prolonged stagnation anymore. A retest of the bottom (or near the bottom) from December 20th is likely the scenario.

🔒 Token Unlocks this week are worth over $843 million USD 🟢 Large unlocks over $5 million this week include $ARB, $MRS, $ID, $APE, etc. 🟢 Linear unlocks this week include $WLD, $SOL, $TIA, $DOGE, etc.

MicroStrategy has made a profit of over $20 billion from the total $BTC it holds 😁 This season truly seems like an uptrend for Bitcoin to rally.

BTC has confirmed an uptrend. The short-term target is 114K - 115K.

The Bitcoin Dominance (BTC.D) rate continues to rise. As BTC’s price also increases alongside the dominance rate, altcoins are not suffering too much, but they face challenges in gaining momentum. If BTC.D reverses downward at the 58.17% zone, altcoins will have a chance. However, if it breaks above this level, altcoins will face significant pressure.

MicroStrategy’s Bitcoin Purchases for the 6th Consecutive Week: • Nov 11: 27,200 BTC (~$2.03B) at an average price of ~$74,463/BTC • Nov 18: 51,780 BTC (~$4.6B) at an average price of ~$88,627/BTC • Nov 25: 55,500 BTC (~$5.4B) at an average price of ~$97,862/BTC • Dec 2: 15,400 BTC (~$1.5B) at an average price of ~$95,976/BTC • Dec 9: 21,550 BTC (~$2.1B) at an average price of ~$98,783/BTC • Dec 16: 15,350 BTC (~$1.5B) at an average price of ~$100,386/BTC Total holdings: 439,000 BTC with an average cost of ~$61,725/BTC. Current Bitcoin price: $106,000 💪

Is Bitcoin about to break its ATH? 😁

⏸ On-chain Report - Glassnode W50 🟢 To date, miners have earned a total of $71.49 billion, highlighting the network’s strong security and robust economic incentives. 🟢 The network has processed a total of 1.12 billion transactions and settled $131.25 trillion in transfer volume. Entity-adjusted metrics provide a clearer view of real economic activities. ➡️ Read the full report for more details: Glassnode W50

🔼 VanEck predicts Bitcoin, Ethereum, Solana, and Sui will reach new all-time highs in 2025: • $BTC: $180,000 • $ETH: $6,000 • $SOL: $500 • $SUI: $10

📊 Ethereum’s market share has dropped to 13.1%, its lowest level since 2021. This decline comes despite positive developments such as the Dencun upgrade and the approval of ETFs, raising concerns about Ethereum’s competitive position, according to a report by Binance Research.

​​📊 Top 10 Tokens with the Highest Growth in the Top 100 by Market Cap 1️⃣ MANTRA: +6,570% 2️⃣ Aerodrome: +4,083% 3️⃣ dogwifhat: +1,828% 4️⃣ Pepe: +1,794% 5️⃣ Jasmy: +598% 6️⃣ FLOKI: +596% 7️⃣ Sui: +516% 8️⃣ Bitget Token: +453% 9️⃣ Dogecoin: +356% 🔟 Ethereum Name Service: +350%

Since the beginning of 2024, Binance has achieved the following: • Launched 20 Launchpool projects • Listed over 50 new projects Recently, after controversies over listing fees and memecoin launches, Binance has started listing tokens from notable AMM/DEX platforms across ecosystems: • Cetus (Sui) • CoW Protocol (Ethereum) • Thena (BNB Chain) • Orca (Solana) • Velodrome Finance (Optimism) Crypto is highly sensitive to trends. When a new trend emerges and garners attention, it often drives the growth of related tokens. 👉 Which DEX project do you think will be listed on Binance next? Share your thoughts below!

💥 Vana ($VANA) - Binance Launchpool #62 ⏰ Staking Period: 2 days • Start: Dec 14, 2024 • End: Dec 16, 2024 ✅ Stake Pools: BNB and FDUSD ✅ Binance Listing: $VANA will be listed on Binance in Dec 16, 2024 Event Details: 🔘 Token Name: Vana ($VANA) 🔘 Max Supply: 120,000,000 VANA 🔘 Genesis Token Supply: 112,641,600 VANA (93.87% of max supply) 🔘 Launchpool Token Rewards: 4,800,000 VANA (4% of max supply) 🔘 Circulating Supply upon Listing: 30,084,000 VANA (25.07% of max supply) ▶️ Register Binance Account ▶️ Event Details: Click Here

🔼 According to a recent report, Solana has surpassed Ethereum as the #1 ecosystem for new developers in 2024.

$OP If tomorrow morning’s 3D candle closes at $2.7, it would be an excellent setup.