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CryptoQuant: Long-Term Bitcoin Holders have sold 815,000 BTC in the past 30 days, hitting a new high since January 2024

2 hours ago

On November 13th, CryptoQuant stated in a post that "Bitcoin long-term holders are increasing the selling of BTC. Approximately 815,000 BTC have been sold in the past 30 days, reaching a new high since January 2024. As demand contracts, the selling pressure is putting downward pressure on the price."
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Bitcoin Temporarily Drops Below $100,000

On November 14th, based on HTX market data, Bitcoin briefly fell below $100,000, with a 24-hour decline of 1.81%.

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Babylon has completed its mainnet upgrade, reducing the BABY yearly inflation rate from 8% to 5.5%.

On November 14th, Babylon announced that the "mainnet upgrade was successfully completed. Two key BABY tokenomic adjustments have come into effect, and a convenient BTC staking extension feature has been added: · The annual inflation rate has been reduced from 8% to 5.5%. Annually, 2.5 billion fewer BABY tokens will be minted, achieving a more sustainable tokenomics. · The introduction of Co-staking: Users staking both BTC and BABY simultaneously will receive higher rewards than staking individually. · The BTC Staking Extension Feature: It allows BTC stakers to extend the time lock of their existing stakes without the need to unlock them.

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The US Dollar Index (DXY) drops below 99, marking the first time since October 30th.

On November 14th, the US Dollar Index (DXY) witnessed its first drop below 99 since October 30th, with an intraday decline of 0.47%. (FXStreet)

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In the past 24 hours, the entire network has seen over $400 million in liquidations, with long positions hit the hardest.

On November 14th, according to Coinglass data, a total of $402 million has been liquidated across the network in the past 24 hours. Among them, $277 million was from long liquidations and $125 million was from short liquidations.

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Kalshi has selected Coinbase Custody to provide custody services for its USDC.

On November 14th, as per official information, the largest U.S. prediction market, Kalshi, has selected Coinbase Custody to offer custody services for its USDC. This serves to guarantee the security of user funds during the processes of depositing and withdrawing USDC.

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Ethereum Falls Below $3,300

On November 14th, according to HTX market data, Ethereum fell below $3,300, experiencing a 24-hour decline of 2.87%.

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