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Hyperliquid co-founder Jeff Yan said at Korea Blockchain Week 2026 that he sees a "big
Binance Exchange Adds Adobe (ADBEB), Forward Industries (FWDIB), Hewlett Packard (HPEB), PDD Holding...
SlowMist's Cos: North Korean hackers use Cow and Chainflip combo for cross-chain, automated scripts move stolen Bitget funds into BTC
South Korean opposition party calls for review of virtual asset taxation, urging postponement or abolition of crypto tax set for January next year
Bitmine Chairman Tom Lee said at Korea Blockchain Week 2026 that upcoming bull
Whales are buying $AAVE!Two wallets swapped 50.95 $WBTC($4.26M) for 25,502 $AAVE...
US SOL spot ETFs see single-day net inflow of $5.438 million
Abracadabra launches proposal vote to shut down the protocol and liquidate MIM
SEC Charges WhatsApp Crypto AI Scams Allegedly Taking Over $15.3M
619 $BTC (51,629,550 USD) transferred from Coinbase Institutional to unknown wallet...
XRP Price: Can Bulls Push XRP Above $1.60 This Week?
Binance Pay Integrates with PayPay to Allow USDT Spending in Japan
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750 $BTC (62,660,077 USD) transferred from unknown wallet to Coinbase Institutional...
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Velocity (formerly Drift Protocol) co-founder Cindy resigns; exchange restarts after rebuilding following hack
171,900,000 $USDC (171,922,604 USD) transferred from Unknown Whale 1 to #Aave...
171,900,000 $USDC (171,921,917 USD) transferred from #Aave to Unknown Whale 1...
Whale 0x9a80, who bought 30M $ENA($8.3M) 3 days ago, bought another 7.96M $ENA($1.99M)...
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Arrington Capital transfers $3.44 million worth of HYPE to FalconX
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986 $BTC (82,446,607 USD) transferred from unknown wallet to Coinbase Institutional...
Kalshi is ending its volume incentive program, effective no earlier than Oct. 13,
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1,827 $BTC (152,513,055 USD) transferred from #Paypal to unknown wallet...
Quant Network founder moves about 25,800 QNT worth $6.97 million after 7 years of dormancy
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1,826 $BTC (152,396,197 USD) transferred from unknown wallet to #Paypal...
Sentora split 50% Aave revenue, but suppliers absorb all losses
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1,333 $BTC (111,291,916 USD) transferred from unknown wallet to unknown wallet...
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1,332 $BTC (111,225,164 USD) transferred from unknown wallet to unknown wallet...
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177,614,496 $USDC (177,636,521 USD) transferred from unknown wallet to #Coinbase...
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KLEA Crypto Daily: Tuesday, September 29, 2026
Crypto Fear and Greed Index Index Value : 71 Sentiment : Greed BTC Price : $83660 ...
153,139,246 $USDC (153,192,845 USD) transferred from Coinbase Institutional to...
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RobinhoodApp ANNOUNCES PERPS ARE ROLLING OUT FOR U.S. TRADERS ...
Bitcoin On-Chain Spending Profit Ratio Indicates Longest Bullish Cycle Since 2026
The Bitcoin On-Chain Spending Profit Ratio (SOPR) has surpassed the breakeven point of 1 for three consecutive weeks, marking the longest bullish cycle since 2026. Data from CryptoQuant reveals that this metric has consistently remained above 1 since August 19, with the current SOPR reported at 1.002. This indicates that the majority of Bitcoin transactions on the blockchain are occurring at a profit.
On-chain analysis tool Checkonchain highlights that the short-term holder SOPR is beginning to mirror the early stages of a bull market recovery, contrasting with the rebound-and-sell patterns typical of a bear market. However, David Puell, a portfolio manager at ARK Invest, cautions that Bitcoin still faces potential downside risks. He emphasizes the need for more evidence to confirm that the bottom of the current bear market has been reached, noting that the SOPR must remain above 1 for an extended period and that investors should continue to realize profits without new price lows.
Puell also points out that Bitcoin needs to establish a pattern of higher highs and higher lows on a weekly basis, which has not yet been observed. Previously, CryptoQuant CEO Ki Young Ju had indicated that the bear market might be over based on his proprietary bull-bear market cycle indicator. Currently, Bitcoin prices are fluctuating around $80,000.
Source: KLEA News