🦉 'Most Bullish' Weekly Close

Crypto Exchanges Turn to Derivatives to Lure Cautious Investors, Crypto Market Braces for Volatility with Key Macro Data and Earnings Ahead, and More!

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Traci Smith & Mike Cullison
October 28, 2024

GM 🦉 Let’s come off a bullish week swinging! Your 5-minute read is ready!

In Today’s Crypto World:

  • 'Most Bullish' Weekly Close 🐂

  • Crypto Exchanges Turn to Derivatives to Lure Cautious Investors 🎯

  • Crypto Market Braces for Volatility with Key Macro Data and Earnings Ahead 🌪️

  • Gainers & Newbies 👀

  • VeVeVerse Preview 🤖

  • BTC: Long-Term Holder Realized Price 🔬

OWLGO’S NEWS NEST
3 TRENDING HEADLINES 💡

'Most bullish' weekly close — 5 Things to know in Bitcoin this week

Bitcoin is dropping bullish hints left and right as the "Uptober" monthly close, US Presidential Election and Fed interest rate decision draw near.

cointelegraph.com

Crypto exchanges turn to derivatives to lure cautious investors

New market entrants switch focus to offering leveraged bets

www.ft.com

Crypto Market Braces for Volatility with Key Macro Data and Earnings Ahead

The US presidential election is just over a week ahead, and the outcome is expected to have a greater impact on the entire crypto market.

www.crypto-news-flash.com

DEGEN PLAYS
GAINERS & NEWBIES 👀

*Market insights are updated daily.

VEVE & NFT
VEVEVERSE PREVIEW 🤖

CHART OF THE DAY
BTC: LONG-TERM HOLDER REALIZED PRICE 🔬

The Bitcoin Long Term Holder (LTH) Realized Price is a metric that calculates the average price at which long-term investors have purchased their Bitcoin, taking into account only those coins that have not moved for a significant period (155 days or more).

This metric aims to provide a clearer picture of the market's foundational price support, reflecting the conviction of long-term holders who tend to accumulate and hold through volatility, viewing Bitcoin as a long-term investment. 

The LTH Realized Price can act as an indicator of strong support levels during bear markets, as these are prices at which long-term holders have historically shown a willingness to buy and hold, regardless of short-term price movements.

Understanding this price level helps investors gauge a short term potential floor price of Bitcoin, assuming long-term holders do not capitulate, and can signal when the market valuation is becoming detached from the base established by these long time focused investors.

OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - REAL WORLD USE CASE 🔦

HOOT’S OF ENLIGHTENMENT
WHAT IS KAS? 💡

Kaspa (KAS) is gaining attention in the crypto world due to its unique technical innovations and approach to scaling.

Unlike most blockchain networks, Kaspa uses a blockDAG structure rather than a single chain, allowing it to achieve high throughput without compromising decentralization or security.

This structure enables faster block times and efficient handling of high transaction volumes, making it ideal for scalable, real-time payments.

Additionally, Kaspa’s commitment to a fair and decentralized launch, with no pre-mine or ICO, appeals to users seeking transparency. Its open-source and community-driven development also adds to its growing popularity and credibility.

OWLGO’S HOOT BUZZ
OWLGO’S HOT X POST 🚀

OWLGO’S LOLS
DAILYMEMES 🤣

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.