PANews reported on November 3rd that, according to CryptoQuant analyst Darkfost, retail investor activity with less than 0.1 BTC has significantly decreased in this cycle. Data shows that since the beginning of 2023, the 90-day moving average of daily retail inflows into Binance has plummeted from 552 BTC to the current 92 BTC, a drop of more than five times. This trend has been further exacerbated after the launch of spot ETFs in January 2024.
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PANews reported on October 12th that according to Cointelegraph, cryptocurrency market analyst Mister Crypto stated that Bitcoin is retesting the "golden cross," a bullish technical pattern that historically precedes upward movements. A golden cross is a bullish trading signal when a short-term moving average (usually the 50-day moving average) crosses above a longer-term moving average (usually the 200-day moving average), signaling a shift from bearish to bullish market conditions and the potential for price increases. Currently, Bitcoin is hovering around $110,000, and if it can hold above this level, it could trigger another rally.
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Analysis: U.S. consumer prices rose more than expected in August, but won't prevent the Fed from cutting rates next week
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