After soaring past $117K earlier this month, $BTC has slipped into a cooling phase at $109K. The reasons? HODLers are turning cautious and cashing out, not helped by a recent slowdown in ETF 1 it’s not all bad 2 to Glassnode data , the current cooldown appears more like a healthy pause than the end of the 3 support holds and ETF demand picks up, $BTC might even come back 4 that happens, Bitcoin Hyper ’s utility will become all the more 5 reason is that its upcoming Layer-2 (L2) network will make the Bitcoin network faster and cheaper for $BTC transactions during heightened demand. It’s no wonder that there’s already growing confidence in that 6 the past days, large whales have invested $17.3K , $87.1K , and $12.7K into the project, pushing the $HYPER presale past $18.3M+ to support the L2’s development.
Long-Term Investors Cash Out 3.4M $BTC Glassnode found that long-term holders have realized 3.4M $BTC in profits, more than any past 7 it doesn’t signal the end, new demand is necessary for Bitcoin to maintain a competitive 8 and institutional buyers are shaping the cycle by scooping up $BTC through US Spot ETFs and digital asset 9 turn, they help drive demand that keeps the crypto leader 10 inflows are what have kept HOLDERs from selling up historically, but the balance is 11 the time of a Federal Open Market Committee (FOMC) meeting discussing interest rates, long-term holders began selling around 112,000 $BTC per 12 the same time frame, ETF buying nosedived from around 2.6K $BTC a day to almost 13 here’s where $BTC’s future trajectory starts to look more 14 these pullbacks, the drawdown for $BTC’s $124K ATH is just 12%.
It’s also worth noting that capital inflows have been 15 $678B has flowed into Bitcoin since November 2022, almost 1.8x more than in the previous 16 ETF buying also picks up, $BTC might be positioned not only to recover but also to reach greater 17 a new bull run starts to form, the launch of Bitcoin Hyper this quarter will be even more highly 18 support the next wave of $BTC adoption, the L2 is designed to provide the scalability, speed, and low fees essential for meeting rising 19 Hyper Addresses Bitcoin’s Biggest Barriers Bitcoin Hyper is on a mission to address the Bitcoin network’s most well-known pain 20 its transaction speed, for instance.
Currently, Bitcoin can process only 5.96 transactions per second (tps) , which is 67.56% lower than Ethereum’s 18.39 tps. Interestingly, Bitcoin’s current average gas fees of $0.845 are slightly lower than Ethereum’s $1.08. Nevertheless, both networks lag far behind speedier networks like Solana, where fees rarely exceed $0.05. Bitcoin Hyper is built to introduce Solana-level throughput to 21 leveraging the Solana Virtual Machine (SVM) , it’ll be able to support thousands of tps without hefty 22 top it off, the L2 will feature a Canonical Bridge, allowing you to quickly and easily move $BTC into the Hyper 23 bridge will also enable you to access a range of new opportunities, spanning DeFi and dApps to launchpads and NFT 24 outcome?
Bitcoin will be more useful than ever. $HYPER Supports L2 Developments & 64% Staking Rewards $HYPER is the backbone of the entire Hyper 25 presale success hinges on the L2’s success – 30% of its total token supply funds its developments, after 26 beyond helping propel the network to rosier pursuits, $HYPER comes with other holder benefits, including governance rights, lower gas fees, and the opportunity to earn a 64% staking APY. (Note: this rate will decrease as more investors clock on.) You can get involved by purchasing $HYPER on presale for just $0.012975. Our Bitcoin Hyper price prediction anticipates the coin to reach $0.32 this year, following the L2’s official 27 might be an opportune time to join for possible gains of 2,367% if that target is 28 the Bitcoin Hyper 29 isn’t investment 30 do your own research and never invest more than you’d be sad to 31 by Leah Waters, Bitcoinist – 0
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