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Welcome back to the Daily Coinsauce Newsletter! Let’s dive into today’s updates—there’s a lot to unpack!
💧Top headlines from the last 24 hours:
• Bitcoin’s hash rate slowly approaches 1 Zetahash.
• BTC whales going all-in.
📕Educational :
• Binance investors are in disbelief.
Lets dive in.
📅 Today
Bitcoin on Fire!
The Bitcoin network just hit a monumental milestone: its hashrate has soared past 900,000 Exahash and is approaching 1 Zetahash.
This makes it the most powerful single-purpose computing network humanity has ever created.
To put it in perspective, if every government, university, and corporation combined their supercomputers, they’d still need to scale up 10,000x to match the hashrate processing power securing Bitcoin—the world’s most pristine digital asset.
This is a wake-up call. Bitcoin’s unmatched computational backbone is redefining what it means to protect wealth in the modern era.
Whale Accumulation Alert!
Since the beginning of March, Bitcoin whales have accumulated tens of thousands of BTC valued at over $5 Billion.
The last time we saw such aggressive whale accumulation $BTC was below $40,000; just before we rallied over 80% in the following 2 months.
Positive ETF flows, negative funding rates (disbelief), and whale accumulation, all are pointing towards the possibility of BTC showing strength in the coming weeks.
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🌎 Other News
📕 Educational
While Bitcoin is delivering a weekly performance of nearly 8.6%, investors on Binance don't seem to believe this rally will last.
Whiereas BTC continues to climb, funding rates on Binance have turned negative, currently sitting at around -0.006 at the time of writing.
Since the beginning of this cycle, such low funding rates have only occurred twice:
On October 16, 2023, when BTC surged from $28 000 to $73 000
On September 9, 2024, when BTC moved from $57 000 to $108 000
If investors behavior remains consistent, this kind of trader disbelief could potentially lead to another bullish rally.
This metric is something worth monitoring closely.
📊 Stat of the day
🤣 Meme of the day
That concludes our update for today!
We appreciate you joining us for the latest news. We aim to provide the best-in-class insights and highlights that keep you well-informed and ready.
Remember to join us on Telegram and Twitter for additional updates and giveaways. Until then, see you next time!
Disclaimer: None of the content shared in the newsletter is financial advice. Always do your own research and analysis before investing.
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