Yesterday’s Bitcoin NFT transaction volume approached US$16 million, hitting the second-highest level in history
According to Dune data, on November 9th, the Bitcoin NFT transaction volume approached $16 million, reaching the second highest historical level. As of the time of writing, the historical transaction volume of Bitcoin NFT has reached $397,806,069.
In the past 1 hour, the entire network liquidated 45.6279 million US dollars, and short orders accounted for 98.35% of liquidated positions.
According to Coinglass data, there were liquidations of $45.6279 million in the past hour, including $4.5138 million in ETH and $36.3754 million in BTC. Short positions accounted for $44.8794 million of the liquidations, or 98.35%, while long positions accounted for $0.7485 million.
Yesterday, the transaction fee of the entire Bitcoin network exceeded 118 BTC, an increase of more than 5 times compared with a week ago.
According to BTC.com data, on November 9th, the total network transaction fee for Bitcoin reached 118.07 BTC, continuing the growth trend since October 29th. Compared with the single-day total network transaction fee of 21.47 BTC on November 1st, it has increased by more than 5 times in one week.
A certain whale transferred another 1,000 BTC within two days, and its holdings reached US$484 million.
On November 9th, according to data from BitInfoCharts, a Bitcoin whale address starting with bc1qvh transferred another 1000 BTC within two days, holding a total of 13598 BTC (approximately $484 million).
Previously reported by Golden Finance, this whale address has accumulated over 13,000 BTC since January 17th of this year, with a paper profit of approximately $100 million.
Bitcoin Magazine CEO: 16,000 BTC left Binance in the past 24 hours
David Bailey, CEO of Bitcoin Magazine, posted on X that in the past 24 hours, 16,000 bitcoins (worth about $572 million) have left Binance and are still increasing.
BTC breaks through $36,000
The market showed BTC breaking through $36,000, now reporting at $36,033 with a daily increase of 1.73%. The market is volatile, please take risk control measures.
Bitcoin fees surge nearly 10x since August
As NFTs related to Bitcoin (called Ordinals) are on the rise, Bitcoin transaction fees have soared to their highest level since the Meme coin frenzy in May last year. BitInfoCharts data shows that the average transaction fee for using the Bitcoin blockchain today is $6.84, up about 970% from the low point of $0.64 reached in August.
In a report on Wednesday, digital asset management company 21Shares pointed out that this surge is driven by an increase in the number of Ordinals being minted, with nearly 1.9 million Ordinals uploaded to the blockchain in the past two weeks.
Bitcoin’s 24-hour NFT sales surpass Ethereum for the first time
Ordinals Wallet posted on X platform stating that Bitcoin's 24-hour NFT sales volume has surpassed Ethereum's for the first time in history.
Investment advisor Two Prime expects demand for Bitcoin loans to hit $2 billion
Alexander Blume, the managing partner of investment advisor Two Prime, stated that since September, we have seen a demand of about $2 billion for Bitcoin collateralized loans. So far, about 85% of the loans issued by Two Prime are collateralized by Bitcoin, while the rest are collateralized by Ethereum and other cryptocurrencies.
BitVM Developers: BitVM just broadcast the first mainnet transaction of Blake3 hash lock implemented in Bitcoin Script
ZeroSync project leader and BitVM developer Robin Linus posted on social media that we have just broadcasted the first mainnet transaction of Blake3 hash lock implemented in Bitcoin Script.
Prior to this news, Robin Linus previously published a white paper titled "BitVM: Compute Anything On Bitcoin". BitVM is an abbreviation for "Bitcoin Virtual Machine", which proposes a Bitcoin contract solution that can achieve Turing completeness without changing the consensus of the Bitcoin network.
