Bitcoin's Key Trends Suggest Price Still Has Plenty of Room to Run

1. Bitcoin market value surpasses Amazon, approaching silver market value 2. Bitcoin whale selling slows down, mid size holders significantly increase holdings 3. Abracadabra was attacked, resulting in a loss of $1.7 million that has been transferred to Tornado Cash 4. Arbitrarum net inflow of $27.4 million, Ethereum outflow of $52.7 million 5. OpenAI CEO seeks global financing and computing power partners 6. Standard Chartered Bank reports that Bitcoin may rapidly rise to $200000 by the end of the year 7. GLEIF collaborates with Chainlink to put LEI data on the chain 8. 1.769 billion USDC transferred from Binance to unknown wallet, reason unknown The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/491075

Bitget VIRTUAL/USDT's perpetual trading volume surged 30 times within 10 minutes, with a turnover of 4.76 million US dollars in the past 24 hours, a decrease of 2.43% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

[Litecoin Founder Charlie Lee Says Holding Bitcoin May Be More Worthwhile] Litecoin founder Charlie Lee stated that creating Litecoin did not make him more money but instead brought a lot of trouble. He believes that directly buying Bitcoin and holding it long-term might be a better choice.

The current BTC price is around 122000, approaching the maximum trading volume range in the chip distribution (109231-109536). According to membership indicators, the proportion of buying in this region reached 91.8%, indicating strong support below. Based on the K-line pattern, a cross star appears in the latest 2-hour cycle, intensifying the market's long short game. In the short term, the effectiveness of this support level may be tested. At the same time, trading volume continued to shrink to 45.31% of the average level, and market activity was sluggish. Although the EMA24/52 moving average is in a bullish pattern, the KDJ golden cross and RSI double bottom signals suggest potential upward momentum. Suggest paying attention to the opportunity to stabilize at the support level of 109231, with a target of reaching a high before 123894. Open membership and accurately capture the trend of key chips! The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.

[70 Early Wallets Transferred Over 2,800 BTC in September] (According to btcparser.com) Data shows that in September, 70 BTC wallets created between 2011 and 2017 conducted transactions, transferring a total of 2,803.62 BTC, approximately $343 million at the current price.