SOPR Crossover Predicts Bitcoin’s Next Big Surge Is Just Around the Corner.

Welcome back to the Daily Coinsauce Newsletter! Let’s dive into today’s updates—there’s a lot to unpack!

📅 Today

US Govt. Transfers Billions Worth of BTC to Coinbase!

The U.S. government moved 19,800 BTC (worth $1.9 billion) from a Silk Road-linked wallet to two Coinbase accounts, with transfer fees totaling just $3.34, according to Arkham Intelligence.

This is nearly 10% of the US government's current holdings.

The Bitcoin stems from the 2013 seizure of Silk Road assets. Despite the transfer, the government still holds around $18 billion in Bitcoin.

While large government Bitcoin moves often raise investor concerns about potential sell-offs, Coinbase Prime's contract to manage and dispose of these assets suggests a sale may not be immediate.

Bitcoin dumped to under $95,500 in reaction to this news, at the time of writing.

Microstrategy  On a Buy Spree!

MicroStrategy has acquired an additional 15,400 BTC for $1.5 billion at an average price of $95,976 per BTC.

• Total holdings: 402,100 BTC valued at $38.4 billion

• Average cost: $58,200 per BTC

• Yield: 38.7% quarter-to-date, 63.3% year-to-date

Meanwhile, Marathon Digital (MARA) is raising $700 million to expand its Bitcoin holdings.

The corporate race to accumulate Bitcoin is intensifying as companies position themselves ahead of institutional and nation-state adoption. The game theory is unfolding—the future is now.

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🌎 Other News

• Ethereum funds see record net inflows of $2.2B in 2024. Read more

• Coinbase integrates Apple Pay for fiat-to-crypto onramps. Read more

• WisdomTree seeks SEC approval for spot XRP ETF. Read more

• Pump fun revenue plummets after livestream shutdown. Read more

• Hyperliquid makes history with $1.8B token airdrop. Read more

📕 Educational

A golden cross of the SOPR Ratio indicator, which can only occur in a bull market, has appeared.

This signal occurs only once or twice in the entire upward cycle, and it is the second positive signal in the current upward cycle that started in January 2023.

After the golden cross appears, the market usually starts a strong rise within 2 months at the latest. The upcoming rise is likely to be a 'sharp rise in the final phase of the upward cycle.'

As the market moves towards the later stages of the cycle, the magnitude of the rise tends to be larger, and the periods of decline/adjustment are shorter.

If a steep rise occurs as implied by this indicator within the end of 2024 to the first quarter of 2025, it can be expected that new inflows and additional funds will enter the market, bringing it to its peak.

📊 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.