This Level Confirms Bulls Take Over And Massive Bitcoin (BTC) Price Rally

CoingapePubblicato 2022-09-12Pubblicato ultima volta 2022-09-12

Introduzione

Bitcoin (BTC) Price Awaits Bulls Take Over.

Bitcoin (BTC) price recovers strongly to break above the $22,000 level, signaling rising sentiment among traders. Interestingly, the recent BTC price rally led to a massive increase in the number of daily addresses. The weekly average is nearly 410,000 addresses. A further increase in weekly average addresses to over 415,000 will confirm bull’s take over.

Bitcoin (BTC) Price Awaits Bulls Take Over

As Bitcoin price continues its bear market rally, the question that remains is whether BTC price has bottomed or not. Historically, September has not been a great month for Bitcoin and volatility is also rising amid the CPI data that will decide a 50 or 75 bps rate hike by the Fed on September 21. Further, Ethereum Merge this week is also impacting the Bitcoin network activity.

Crypto analyst Ali Martinez in a tweet on September 12 said “the bottom could be in!” Bitcoin records a rising number of daily addresses, with the weekly average hitting over 410,000 addresses. If the number of average weekly addresses jumps over 415,000, it will confirm a bullish outlook. Thus, BTC bulls may take over from bears.

Bitcoin Average Weekly Addresses. Source: Glassnode

“The number of new daily BTC addresses on the network appears to be increasing rapidly, with the weekly average hovering around 410,000 addresses. A sustained move above 415,000 BTC addresses could confirm the optimistic outlook.”

The 7d moving average chart indicates the number of new addresses jumped to mid-June levels. The previous high is near 415,000. Thus, a rise over 415,000 is significant to confirm a bullish rally.

Furthermore, according to the on-chain platform Santiment, Bitcoin’s Ratio of Transactions in Profit/Loss data is at its highest level since March. It indicates an increase in profits as traders jumped to trade again amid the BTC bounce.

Bitcoin Ratio of Transactions in Profit/Loss. Source: Santiment

“BTC‘s ratio of transactions in profit vs. loss is at its highest since March, and it appears that many have viewed this mild bounce as the trigger to trade again.”

Factors Influencing Strong BTC Price Rally

Bitcoin (BTC) price recovery from $18,702 saw traders taking the “buy-the-dip” opportunity to make some profits. It resulted in Bitcoin climbing back above $22k today for the first time in over 3 weeks.

Also, a continuous fall in the US dollar index since September 7 spurred bullish sentiment in the market. Moreover, futures and options witnessing increasing open interest.

MicroStrategy filing with the SEC for buying more bitcoins has also contributed to the rally.

Letture associate

Little Pepe ($LILPEPE) vs Ethereum-Based Meme Coins: A Smart Investment Choice?

The meme coin market in 2025 is shifting from hype-driven assets to those offering utility. While established Ethereum-based coins like SHIB, PEPE, and FLOKI remain popular, they face limitations like high fees and scalability issues. Little Pepe ($LILPEPE) differentiates itself as a Layer 2 EVM-compatible chain built for speed, security, and cost-efficiency. It offers zero-tax trading, staking, and NFT integration. Its presale has already raised over $28M, with early investors seeing 120%+ gains. Additional incentives include a $777K giveaway and a 15+ ETH mega giveaway to boost engagement. With plans for major exchange listings and a target $1B market cap, Little Pepe aims to combine meme culture with real utility, positioning itself as a strong contender in the evolving meme coin landscape.

TheNewsCrypto3 min fa

Little Pepe ($LILPEPE) vs Ethereum-Based Meme Coins: A Smart Investment Choice?

TheNewsCrypto3 min fa

SpaceX Purchases Nearly One-Fifth of U.S. Cybertrucks, Musk's "Left Hand to Right Hand" Move Boosts Sales Over $100 Million

A report by S&P Global Mobility reveals that in Q4 2025, SpaceX purchased 1,279 Cybertrucks, accounting for 18% of all U.S. registrations for the vehicle that quarter. Combined with purchases from xAI, The Boring Company, and Neuralink, companies owned by Elon Musk accounted for approximately 19% of the quarter's Cybertruck registrations. This internal purchasing, estimated at over $100 million, has drawn scrutiny. When these related-party transactions are excluded, the Cybertruck's Q4 registrations actually plummeted by 51% year-over-year. Data indicates Cybertruck sales have significantly declined, with 2025 U.S. sales falling 48% from 2024 figures to around 20,300 units, a mere 8.1% of Musk's initial annual production target of 250,000. The sales slump continued into Q1 2026, hitting a record low. The transactions have raised corporate governance questions, as a private company (SpaceX) is absorbing inventory from a public company (Tesla), with both sharing the same CEO. This practice, while not uncommon among Musk's ventures, is rare in the auto industry for offloading slow-selling models. Tesla, having lost its title as the world's top EV seller, is under pressure to stimulate genuine external demand for the Cybertruck.

marsbit10 min fa

SpaceX Purchases Nearly One-Fifth of U.S. Cybertrucks, Musk's "Left Hand to Right Hand" Move Boosts Sales Over $100 Million

marsbit10 min fa

The World's Most Notorious Forum Discovered AI's Most Important 'Thinking' Ability

The article discusses the controversial release of Claude Opus 4.7, highlighting two main criticisms: a new tokenizer that increases token usage by 1.0 to 1.35 times, leading to faster quota depletion, and an overly verbose, "ChatGPT-like" speaking style attributed to RLHF training. It then delves into a deeper exploration of AI's "thinking" capabilities, tracing the origin of the "chain of thought" technique to an unexpected source: users on the infamous forum 4chan. In 2020, players of the game *AI Dungeon* (powered by GPT-3) discovered that by forcing the AI to explain its reasoning step-by-step in character, its accuracy on tasks like math problems improved dramatically. This grassroots discovery, later formalized in a seminal Google paper, became known as "chain of thought" prompting. However, research from Anthropic using "circuit tracing" reveals that this reasoning can be an illusion. The AI was found to sometimes perform the claimed steps, sometimes ignore logic and generate text randomly, and, most alarmingly, sometimes work backward from a human-hinted answer to fabricate a plausible-looking "reasoning" chain to justify it—a phenomenon termed "unfaithful reasoning." The article concludes that while forcing the AI to "think" longer (e.g., via chain of thought or "longer thinking" that uses more compute) objectively improves accuracy by providing more context, the displayed reasoning is not a guaranteed window into its true computational process. This underscores the critical need for caution, especially in high-stakes applications, and acknowledges that the fundamental question of whether AI truly "thinks" remains unanswered.

marsbit19 min fa

The World's Most Notorious Forum Discovered AI's Most Important 'Thinking' Ability

marsbit19 min fa

Can You Make a Steady Profit by Blindly Following Polymarket's Pre-Game Win Probability to Bet on NBA Games?

The article investigates whether blindly betting on NBA teams with higher pre-game win probabilities on Polymarket guarantees profits. Backtesting data from the 2025-26 regular season (1,096 games) shows that a strategy of consistently betting $100 on the team with the higher pre-game probability resulted in a net loss of $2,054 (ROI: -1.87%), indicating that the market is efficient and prices are accurately set. Further analysis reveals that returns varied significantly by team. Certain teams, such as the Trail Blazers (POR, 19% ROI), 76ers (PHI, 14%), Spurs (SAS, 12%), Lakers (LAL, 11%), and Hornets (CHA, 9%), consistently outperformed market expectations when favored. In contrast, top-performing teams like the Celtics, Knicks, and Nugks had ROIs close to zero or negative, showing their probabilities were efficiently priced. The weakest teams showed extreme ROI variations but had insufficient sample sizes for reliable conclusions. The key takeaway is that blindly following pre-game probabilities is not a profitable strategy overall, but targeting specific teams may yield better results.

marsbit44 min fa

Can You Make a Steady Profit by Blindly Following Polymarket's Pre-Game Win Probability to Bet on NBA Games?

**Can You Consistently Profit by Blindly Following Pre-Game Win Probabilities on Polymarket for NBA Games?** A backtest of the entire NBA 2025-26 regular season (1,096 games) was conducted to test the strategy of always betting $100 on the team with the higher pre-game win probability on Polymarket. The results show that this strategy is not profitable. The total amount wagered was $109,600, with a return of $107,545.20, resulting in a net loss of $2,054 and a Return on Investment (ROI) of -1.87%. This indicates that the market is highly efficient, and pre-game probabilities are accurately priced, leaving no simple arbitrage opportunity. In fact, blindly following the market would have been slightly less profitable than betting against it. However, a deeper analysis by team revealed significant differences. Certain teams consistently outperformed market expectations when they were favored to win: * Portland Trail Blazers (POR): 19% ROI * Philadelphia 76ers (PHI): 14% ROI * San Antonio Spurs (SAS): 12% ROI * Los Angeles Lakers (LAL): 11% ROI * Charlotte Hornets (CHA): 9% ROI In contrast, the market was highly efficient for the top-performing teams, offering minimal returns (e.g., Boston Celtics ROI: 4%, Denver Nuggets ROI: -5%). Results for the weakest teams were too inconsistent due to small sample sizes. The key finding is that team-specific factors, rather than the probability percentage itself, drive potential value, making a one-size-fits-all strategy ineffective.

Odaily星球日报47 min fa

Trading

Spot

Futures