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🦉 Short Liquidations Breach $100M as BTC Reclaims $64K

Finding the Next Big Crypto Project, The US’s First ‘Crypto’ Election, and More!

AuthorAuthor

Traci Smith & Mike Cullison
October 14, 2024

GM 🦉 Ready for another week of crypto news? Buckle up! Daily Gains 5-minute read incoming!

In Today’s Crypto World:

  • Short Liquidations Breach $100M as BTC Reclaims $64K 💪

  • Finding the Next Big Crypto Project 🔍

  • The US’s First ‘Crypto’ Election? 🇺🇸

  • Gainers & Newbies 👀

  • Wolverine & X-Men 🐺

  • BTC Delta Top 🔬

OWLGO’S NEWS NEST
3 TRENDING HEADLINES 💡

Crypto short liquidations breach $100M as Bitcoin reclaims $64K

Bitcoin reached its highest price so far in October, surging above $64,000 early on Oct. 14 and liquidating over $52 million from those betting its price would fall.

cointelegraph.com

Finding the Next Big Crypto Project

While Bitcoin is often seen as digital gold, altcoins can offer unique features and benefits that make them appealing to users. Many users are drawn to altcoins due to their potential for significant returns, particularly during bull runs when prices can skyrocket.

bravenewcoin.com

The US’s First ‘Crypto’ Election? Yes … But It Is More Complicated Than That

The 2024 presidential election in the United States is, without question, the country's first ‘crypto’ election.
We have the first major party platform to include crypto. We have both candidates featured in high-profile crypto events. We have both candidates speaking publicly about crypto and financial innovation.

www.mayerbrown.com

DEGEN PLAYS
GAINERS & NEWBIES 👀

*Market insights are updated daily.

VEVE & NFT
WOLVERINE & X-MEN 🐺

CHART OF THE DAY
BTC DELTA TOP 🔬

This indicator uses a combination of on-chain and technical inputs to try and identify the very tops of Bitcoin’s market cycles.

There are several steps required in the calculation. First, to calculate Delta Cap:

Delta Cap = Realized Cap - Average Cap

Realized Cap is explained on this page that shows MVRV Z-Score, so you can go there to learn about how it is calculated. It is the cost-basis total value paid for all bitcoins.

Average Cap is the cumulative sum of Market Cap divided by the age of the market in days. This creates a constant time-based moving average of market cap. Subtracting Average Cap from Realized Cap generates Delta Cap.

Once Delta Cap is calculated, its values over time are then multiplied by 7. The result is Delta Top.

The purpose of Delta Cap is to try and identify the tops of Bitcoin’s market cycles. It can be used alongside other similar tools found on the Price Forecast Tools page.

OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - NFT EXPLAINED 🔦

HOOT’S OF ENLIGHTENMENT
WHAT IS APTOS? 💡

APT (Aptos) is an impressive cryptocurrency due to its cutting-edge blockchain technology and scalability. Built by former Facebook engineers, it leverages the Move programming language, designed for high security and efficiency in smart contracts.

One of APT’s standout features is its ability to handle over 100,000 transactions per second (TPS) thanks to parallel processing, making it highly scalable and fast. Its advanced consensus mechanism ensures low transaction fees and quick finality.

Aptos also focuses on user experience, offering a seamless ecosystem for developers and users alike. Its combination of speed, security, and innovation makes APT a promising crypto asset.

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Brought To You By: DailyGainsCrypto.com

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.05/31/202406/12/