Lazarus Group Holds More Bitcoin Than El Salvador & Bhutan!

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📅 Today

North Korea BTC > El Salvador BTC!

North Korea now surpasses El Salvador and Bhutan in BTC holdings following $1.4 billion Bybit hack.

The country’s hacker group Lazarus currently owns 13,518 BTC, an amount larger than those held by the governments of Bhutan, which owns 10,635 BTC, and El Salvador, with 6,118 BTC respectively.

Meanwhile, U.S. remains the largest known holder of bitcoin, with 198,109 BTC, as it prepares to build a strategic bitcoin reserve with crypto assets seized from criminal and civil proceedings.

Short Term BTC Holders Face The Heat!

Short-term holders are at the same loss level as in August 2024, further from the loss levels seen in 2021.

Additionally, they are accumulating around 84K USD, while the STH Realized Price stands at 92,780 USD.

In this cycle, many investors accumulated too late and at high prices above 90K USD, causing the STH Realized Price to rise significantly.

Typically, newcomers fall into traps set by news, political promises, and influencers who usually do not base their decisions on sound metrics.

Bitcoin needs to surpass the STH Realized Price to regain a bullish outlook—until then, the bears remain in control.

Source : Alphractal

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🌎 Other News

• OKX Suspends DEX Aggregator After Lazarus Hack Attempt

• Bank of Russia to Allow Select Investors to Trade Crypto

• Hyperliquid Whale Boosts Margin on 40x BTC Short

• Pakistan unveils new ‘crypto council’ amid push for regulation

• XRP/ETH Exchange Rate Reaches New High Since 2020

📕 Educational

Above are the most undervalued altcoins based on the FDV/Annualized Fees ratio.

A lower ratio means the project generates high fees relative to its market cap, indicating strong revenue potential and room for growth.

Thus, these coins are said to be fundamentally undervalued altcoins.

Note : This is not Financial Advise. Please DYOR before investing.

📊 Stat of the day

🤣 Meme of the day

That concludes our update for today!

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Disclaimer: None of the content shared in the newsletter is financial advice. Always do your own research and analysis before investing.