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Santiment Report:

➡️ #Social# media discussion of the Fed rate cut reached the highest level in 11 months (a significant spike could indicate market euphoria and a potential need for caution);

➡️ A growing number of predictions for a "higher" $BTC price, while $ETH discussions remain neutral;

➡️ BTC's high MVRV and very positive funding rates may indicate an overheated market;

➡️ The number of $BTC on exchanges has increased by almost 70,000 since the beginning of June;

➡️ Short-term (30D) MVRV is approaching +15%, a level considered a "danger zone" where #altcoins often experience pullbacks; and long-term MVRV is at a very high +58.5%, increasing the risk of profit taking;

➡️ #Ethereum # blockchain #data looks optimistic in the long term;

➡️ #LINK and # API3 are showing peak activity levels, which can sometimes signal an impending #trend reversal.

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$LINK

#crypto