TLDR
- Bitcoin’s daily inflows to crypto exchanges drop massively, reminiscent of levels seen when BTC was below $1,000, indicating HODLER sentiment and institutional involvement in BTC investment. Despite recent price volatility, analysts predict BTC to rise to $67,500.15 in May.
- Rebel Satoshi ($RECQ) emerges as a promising memecoin project with strong potential, offering a community-based protocol, gaming opportunities, voting rights, and a new base currency $RECQ supporting various platform transactions.
Recent trends in Bitcoin (BTC) exchange reserves have sent ripples through the entire market, signaling a major shift in investor sentiment and institutional involvement. This article dives into the dramatic drop in Bitcoin’s exchange reserves, similar to levels seen over a decade ago, and its impacts on the crypto landscape. Also, we explore the meteoric rise of Rebel Satoshi ($RECQ) during its presale phase, highlighting robust strength and potential amid evolving market dynamics.
Bitcoin Drop to 10-Year Lows on Exchange Reserves
Bitcoin (BTC) exchanges are recording the type of daily inflows more associated with the token’s prices under $1,000. Data from the on-chain analytics website CryptoQuant shows daily BTC inflows dropping massively since Bitcoin printed its all-time high at $73,800.15.
Since it is always among the altcoins to watch for every trader, Bitcoin sees lots of activity. On that note, traders seem uninterested in keeping their BTC available for quick sale on exchanges. CryptoQuant said that April and May 2024 had recorded some of the lowest daily inflows to major exchange accounts in the last decade.
On April 20, just before Bitcoin’s halving event, only 8,400 BTC flowed into crypto exchanges. The last time such flows were seen was when Bitcoin traded below $1,000 per coin.
CryptoQuant tracks a huge number of spot and derivative exchanges to compile data, which shows a massive shift in HODLER sentiment in 2024 as Bitcoin investment enters a new era of institutional involvement. Appetite for growing exposure to BTC has become dominant despite the near-term Bitcoin price volatility – including last week’s drop to $56,500.00.
According to data insights, the whales may not be willing to sell their holdings yet since they feel that the bull cycle has not ended.
However, Glassnode lead Checkmate stated that new spot Bitcoin (BTC) exchange-traded funds were fueling these numbers.
On May 9, 2024, Bitcoin (BTC) was trading at $60,937.38, up 4.19% in the past week. Analysts say BTC will rise to $67,500.15 in May, supported by increased demand. Hence, BTC is a good crypto to buy today.
As the flagship crypto thrives, investors are turning to $RECQ since it offers many lucrative investment opportunities and is not too volatile.
Rebel Satoshi ($RECQ) Shows Big Strength on Presale
Rebel Satoshi is a thriving memecoin project taking over the entire crypto market by storm. Analysts say it has the potential to dominate and compete with top memecoins. Rebel Satoshi is based on the persistent growth of the decentralized crypto revolution. Hence, Rebel Satoshi’s community-based protocol allows token holders to determine the platform’s direction and participate in the building of Rebel Satoshi’s active dual-token ecosystem.
With its wide array of games, those who join Rebel Satoshi’s Arcade platform will remain highly engaged and have opportunities to win rewards like tokens, top NFTs, and gaming tools. In the meantime, Rebel Satoshi adopted a decentralized structure, enabling the gamers to control their winnings. The freedom lets gamers choose their games and select what assets to buy or sell.
Adopters of the original $RBLZ token enjoy voting rights for future decisions and exclusive access to NFT airdrops and token-burning events. Additionally, $RBLZ has paved the way for the team to introduce a new token, $RECQ, for its platform’s operations. $RBLZ raised over $2.5 million during the presale. After the presale, $RBLZ was launched on Uniswap, Coinstore, and DEXTool exchanges.
$RECQ operates as Rebel Satoshi’s base currency that supports daily transactions like fees payments, rewards, and all forms of purchases. Furthermore, $RECQ holders acquire the advanced benefits of Rebel Satoshi’s buyback program and gain access to the impressive gaming experience of Rebel Satoshi Arcade.
Analysts believe $RBLZ will offer huge profits in the mainstream market after delivering 150% ROI in its presale, where the price surged from $0.010 to $0.025. In the meantime, Rebel Satoshi’s $RECQ is now selling for $0.0044 in Stage 2 of its crypto ICO, a 120% profit from the Early Bird price of $0.0020. This presale target price is $0.0125.
For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice.
