Financial Insights That Matter
Bitcoin just hit $106K.
You’d think after years of watching this market, we’d be used to these numbers by now. But there’s something different about this rally.
While Bitcoin’s out there breaking records, altcoins seem stuck. They’re just… sitting there.
Usually when Bitcoin makes moves like this, the whole market turns into a green festival. But not today.
What’s even more interesting is that this isn’t a typical FOMO-driven surge. The market’s surprisingly calm about it all – almost too calm.
So what’s going on? Let’s make sense of it all! Here is a quick rundown of the top headlines from the past 24 hours:
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A regulated stablecoin called RLUSD is launching on XRP Ledger and Ethereum, with XRP burns on every transaction. But with regulatory delays being so common, when will this actually see the light of day? 🤔
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DOGE is sitting pretty at $0.403 while small investors keep buying – but why are the whales quietly backing away? 🐋
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Bitcoin hits $106,488 while “shrimp” wallets surge 21.9% – but long-term holders just dumped 827,783 BTC. What do these whales know that we don’t? 📊
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Ethereum’s seeing 130,000 new wallets daily despite only 12% gains in six months. With all these new addresses popping up, why isn’t the price following suit? 🤨
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Crypto Council for Innovation’s CEO is stepping down right before Trump takes office. What’s really behind this leadership change? 🤔
Before diving in, here’s a –
The crypto market continues to show its maturity as Bitcoin maintains its position above $100K, now reaching a fresh peak of $106K.
Source: Bitcoin price page
This sustained performance above six figures isn’t just a quick spike – it represents a new baseline that’s been holding strong for days.
Long-term holder behavior is telling an interesting story. According to Glassnode, there’s a clear mathematical pattern at play: investors become 10x less likely to sell their Bitcoin for every 10x increase in holding time. And they are backing this theory with nearly a decade of data from 2015 to late 2024.
The January 2024 spot Bitcoin ETF approval fundamentally changed the game.
Source: CMC Crypto ETF Total Net Flow
These ETFs have been consistently accumulating Bitcoin since their launch, showing that institutional investors are in for the long haul.
Source: CMC Crypto ETF Total AUM
This steady institutional buying pressure is different from previous bull markets, which were primarily driven by retail.
The April 2024 halving has added another layer to this dynamic. While previous halvings have historically led to supply constraints, this is the first time we’re experiencing one with significant institutional participation through ETFs. The combo of reduced mining rewards and institutional demand is creating a unique market environment we haven’t seen before.
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