BTC loses key support level, top ETH holders have hedged with Layer Brett

Bitcoin just broke through a major support level, sparking fear in the market.

But could this be the bottom before a massive rise?

At the same time, Ethereum whales are making big moves, and some are using an unexpected hedge: Layer Brett, a new Layer 2 memecoin that actually works. 

In this article, we talk about the most recent signals from Bitcoin, the tremendous momentum of Ethereum, and why the big holders think Layer Brett is one of the best cryptos to buy right now.

Bitcoin bottom signals

The Bitcoin price is testing the $107.7K support zone.

Meanwhile, some think that Bitcoin may have hit a bottom as they anticipate a bullish reversal soon.

On-chain data shows SOPR at 0.982, which means that short-term holders are selling at a loss.

This often happens before prices go up. 

There is strong support between $108K and $107K, and resistance at $113.3K for the Bitcoin price.

If it breaks out above, the Bitcoin price might go up to $117K.

Even though a whale sold off $2.7 billion worth of BTC, which lowered its dominance from 60% to 57%, it is still greater than it was during the altseason of 2021, which shows that Bitcoin is still maintaining strength.

Ethereum holding strong

The whale that is known for bad timing sold 7,800 ETH at $4,363 during the correction, according to a recent report, but the Ethereum price is still above $4.3K.

In August, spot ETFs had mixed flows, finishing with a net outflow of -$164 million.

However, total assets stayed at $28.6 billion. 

Ethereum had its highest number of daily transactions in a year, with 1.8 million.

Almost 30% of the supply was also staked. The SEC’s position on liquid staking is making many more hopeful about an Ethereum ETF.

The Ethereum price has gone up about 25% over the past month, but it has gone down more than 6% over the past week.

Layer Brett: the meme token with real utility

Layer Brett is not just a meme. This is a new Layer 2 memecoin built on Ethereum that is meant to be fast, have cheap gas fees, and have huge growth potential.

Layer Brett runs on Ethereum’s safe smart contracts and lets you make transactions very quickly.

This is different from old tokens that are stuck on slow chains. 

The project mixes meme culture with practical blockchain use, such as staking rewards, token incentives, and future Layer 2 features.

This one-of-a-kind combination makes it one of the best cryptos to invest in for long-term growth.

The LBRETT presale is going on right now, and investors have already put in more than $2.2 million. This indicates a lot of confidence and early momentum. 

Layer Brett has a lot of potential and a low entry point, while it offers community-first energy, huge staking rewards, and meme-driven scalability.

The presale price is currently only $0.0053, but is scheduled to increase soon. Ethereum Layer 1 can be slow and expensive, but Layer Brett’s Layer 2 foundation fixes that.

Don’t miss the next big move

Bitcoin looks like it’s hit bottom. Ethereum is doing well, with a lot of activity on its network.

But the biggest surprise is where some of the big holders are hedging: Layer Brett. This Layer 2 memecoin is fast, has cheap gas prices, and gives huge staking rewards. 

The presale has already raised more than $2.2 million, yet the price to get in is still only $0.0053.

Don’t wait for LBRETT to hit the exchanges; buy in now before the price skyrockets.

Discover more about Layer Brett (LBRETT):

Website: LayerBrett | Fast & Rewarding Layer 2 Blockchain

Telegram: Telegram: View @layerbrett

X: (1) Layer Brett (@LayerBrett) / X

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