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- The Most Trusted Indicator Flashes A Bitcoin Buy!
The Most Trusted Indicator Flashes A Bitcoin Buy!
Tesla adds to it's BTC holdings.
Coinsauce
February 12, 2025
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:
• Tesla reports increase in BTC holdings.
• BTC miners are capitulating.
📕Educational :
• Are alts dead?
Lets dive in.
📅 Today
Tesla Bags More BTC!
Elon Musk's Tesla has reported its Q4 2024 financial statements.
The report states that Tesla's Bitcoin holdings are 11,509 BTC worth $113 billion.
This means that Tesla has added 1,789 BTC in Q4, having previously held only 9,720 BTC.
Hash Ribbon Flashes A Bitcoin Buy!
Miners are capitulating!
The Hash Ribbons indicator, which evaluates the health of Bitcoin's mining ecosystem by tracking hash rate fluctuations, has historically been a reliable signal.
This indicator consistently highlights optimal entry zones, both for mid-term positioning and long-term accumulation
Each time Hash Ribbons has flashed in the past, a Bitcoin rally has followed.
Notably, It has only missed once due to the unprecedented impact of the COVID-19 market shock.
Although these rallies take some time to play out, the mid-term trend of Bitcoin seems to be more biased towards the upside now as a result of the indicator flashing a signal.
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🌎 Other News
Over $287M in SOL Removed from Circulation via Pump Fun. Read more
XRP ETF Filed with Nasdaq as Ripple-CFTC Ties Strengthen. Read more
CAR meme-coin collapses 97% in 24 hours. Read more
SEC and Binance seek 60-day pause in crypto case. Read more
19 USA States racing for a strategic Bitcoin reserve. Read more
📕 Educational
People are starting to declare death to Altcoins again...
The last time this narrative was heard was when the SEC was listing off many of them as securities and exchanges started delisting in June 2023. Coincidentally... right at the bottom.
The market has a funny way of rising from the ashes in a big way after it is declared dead.
For many Alts, nearly all of their price action for the cycle will likely come in this year.
Altcoins have always appeared "decoupled" after new BTC ATHs, until they're not, and they end up taking over in strength.
We continue to believe that alts are much closer to a macro bottom than a top, and there will be plenty upside for them in 2025. Patience is key!
Source : CryptoCon
📊 Stat of the day
BTC reserves hit a 3 year low of 2.5 million BTC. This is bullish as reduced supply could lead to a supply shock for Bitcoin.
🤣 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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