According to BlockBeats, Glassnode reported on X that there’s been a significant shift in Bitcoin profit-taking trends.
- Previously: Wallets holding Bitcoin for over 12 months were the primary profit realizers.
- Currently: Wallets holding Bitcoin for less than 12 months account for 83% of all realized profits. :fire:
Specifically, investors holding Bitcoin for 6-12 months realized a single-day profit of $904 million, the second-highest daily profit this year. :moneybag:
Federal Reserve Expected to Hold Steady Amidst Economic Uncertainty :bank:
According to BlockBeats, Francois Rimeu, a strategist at Credit Mutuel Asset Management, suggests that the primary focus of this week’s Federal Reserve meeting will be on revised economic forecasts and the dot plot.
- Expected Adjustments: Economic policy adjustments are likely to reflect a slowing growth rate and more persistent inflation than initially anticipated, despite recent surprises and a weakening labor market. :warning:
- Stagflation Risks: Given stagflation risks and high uncertainty, the Federal Reserve is expected to maintain a cautious approach. :exclamation:
- Rate Cut Delay: Unless “hard data” clearly justifies policy easing, the Federal Reserve is likely to delay any new rate cuts.
This strategy aligns with market expectations that the Federal Reserve will hold key interest rates unchanged this week. :arrow_right: :arrow_right:
BNB Chain Sees Transaction and Active Address Surge :rocket:
Foresight News reports, citing Nansen data, a significant increase in daily transactions on the BNB Chain since May.
- Daily Transactions: Increased from approximately 6 million to over 15 million. :bar_chart:
- Daily Active Addresses: Steadily increased, now approaching 2 million. :busts_in_silhouette:
