Opensea Reports 2.6B Monthly Volume, Unveils SEA Token and “Trade Everything” Pivot
Opensea Reports 2.6B Monthly Volume, Unveils SEA Token and “Trade Everything” Pivot
Opensea reported it surpassed $2.6 billion in trading volume this month, with over 90% of that volume attributed to token trading, the company’s CEO announced. The statement framed non-fungible tokens (NFTs) as Opensea’s “chapter one” and outlined a strategic shift from an NFT marketplace to a broader “trade everything” platform aiming to aggregate onchain liquidity […]
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Bitcoin Price: 7 Vital On-Chain Signals Spotted From Recent Crash
In the last week, Bitcoin prices fell from around $115,000 to below $105,000 amid a widespread crypto market correction. According to prominent market analyst Burak Kesmeci, several on-chain developments unfolded during this price decline that are now indicative of the present market and potential price movements. Related Reading: Bitcoin LTH Inflow On Binance Surges Tenfold Within Days — What This Could Mean Bitcoin Metrics Flash Extreme Fear, But Local Bottom May Be Near In an X post on October 18, Kesmeci reports that Bitcoin’s on-chain landscape has flashed a series of key signals that generally suggest heightened fear and potential accumulation opportunities in the market. The analyst shares recent developments from seven important on-chain metrics during Bitcoin’s fall in the third week of October. Firstly, the Fear and Greed Index plunged into the “extreme fear” zone, reflecting a surge in investor anxiety following Bitcoin’s latest price correction. However, Kesmeci states that this is an event typically observed near market lows rather than peaks, and may not be the ideal time for selling. Meanwhile, the Net Unrealized Profit/Loss (NUPL) metric dropped below 50%, moving sentiment from optimism to worry, as the average profitability among holders is being eroded. In the derivatives market, funding rates turned negative, showing that short positions now dominate futures markets. On the equity side, shares of the largest crypto treasury MicroStrategy (MSTR) declined below $300, reflecting broader weakness in Bitcoin-linked assets. However, the firm also reinforced its long-standing conviction by adding 220 BTC to its holdings, bringing its total to 640,251 BTC, and underscoring continued institutional confidence despite short-term pressure. In addition, on-chain valuation indicators also highlighted deep oversold conditions. The Advanced NVT Signal fell below -0.5 standard deviations, a level historically associated with an oversold market and early bottom phases. The Active Address Sentiment Indicator (AASI) shows that Bitcoin’s price has dropped disproportionately relative to network activity, a relationship often followed by recovery periods as fundamentals stabilize ahead of sentiment. When all considered together, these signals suggest that Bitcoin is operating within an extreme fear and oversold environment. However, Kesmeci also hints that the local market bottom may be forming, suggesting that the present market condition presents strong accumulation opportunities. Bitcoin Price Overview At the time of writing, Bitcoin trades at $106,970 after a 0.29% decline in the last 24 hours. The monthly chart reflects an 8.32% loss as the premier cryptocurrency struggles to establish its expected “Uptober” bullish form. However, Coincodex analysts are predicting an imminent market rebound, with a projected price target of $124,172 in five days. Related Reading: Analyst Predicts XRP Price Will Hit $1,200 With 50,000% Run Driven By These Factors Featured image from Flickr, chart from Tradingview
US Treasury Intervenes in Argentine Currency Market as Trump Ties Support to Milei’s Electoral Success
U.S. Treasury Secretary Scott Bessent recently announced a new intervention in the Argentine currency market, saying the Treasury is monitoring markets to help stabilize Argentina. Previously, Trump conditioned such support on Milei’s party winning the upcoming midterm elections. U.S. Treasury Buys Argentine Pesos Again, Trump Conditions Support on Milei’s Victory The Facts: The U.S. Treasury […]
OpenSea Plans To Launch SEA Token By Q1 2026 – Details
Popular NFT market OpenSea is set to launch its highly anticipated native token SEA by Q1 2026, following a recent statement by its CEO Devin Finzer. Notably, the proposed cryptocurrency is designed as a key part of OpenSea’s transformation to a one-stop shop for any blockchain-related trading activity. Related Reading: Florida’s Crypto Bill Gets A […]
Bull Wallet Launches Worldwide as Privacy-Focused Bitcoin Lightning Mobile App
Bull Wallet, a self-custodial, bitcoin-only mobile wallet emphasizing privacy and low-fee payments, has launched worldwide on iOS and Android, the developer announced. The app combines onchain bitcoin, Lightning Network and Liquid support with non‑custodial atomic swaps (using Boltz) to let users send and receive across networks, includes autoswap to move Liquid funds onchain, and offers […]
Billionaire Investor Ray Dalio Labels Gold a “Uniquely Good Diversifier,” Urges Investors to Ride the Wave
Dalio, known as a gold advocate for its safe‑haven properties, says the precious metal is uniquely positioned to serve as a diversifier because it is the most widely used non‑fiat medium of exchange and tends to perform well when fiat currencies falter. Ray Dalio Gives His Take on Gold, States It Serves as a Unique […]