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Huge week for macro, BNB leads L1s, 6.4 billion USD of crypto outflows

BNB has shown significant improvement as a leading layer 1 blockchain despite 6.4 billion USD in crypto outflows over the last five weeks. Its trading volume has surpassed that of Solana, showcasing its dominance in the market.

Bitcoin’s price is currently displaying a narrow trading channel, which could indicate a potential for a significant movement in either direction. The Bitcoin ‘super trend’ indicates bullish sentiment as it remains positive above 74,500 USD.

Large investors are exhibiting caution, with 400 million USD in profits from a whale short. Reports suggest North Korea holds 1.4 billion USD in Bitcoin, and additional developments include the suspension of OKX’s decentralized exchange services following a hack.

This is community-generated content, not advice from ONUS.
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