🤑😱 #BTC The fear and greed index has dropped to 72, but is still in the greed zone.
🔍🐳 Whale transactions:
1. James Fickel in full extinguished their debts, having lost ~25 thousand #ETH ($83.6 million) from trading the ETH/BTC pair. Previously: exchange ETH for WBTC;
2. New wallet bought 1,055,183 #FARTCOIN and now has a floating loss of $87,000;
3. Whale has gained 60.03 million #MIRA in the last 2 days and currently has a floating loss of $1.38 million;
4. Whale contributed 250 thousand #LINK ($5.37 million) on Binance and OKX. From December 14 to 18, this whale withdrew 595 thousand LINK ($17.31 million) from Binance at an average price of $29.1. He is now losing ~$4.5 million on LINK;
5. Team/Early Member Wallet #VIRTUAL transferred on Bybit for 2 million VIRTUAL (~$6.96 million). Over the past week, a total of 8.75 million tokens, ~$27.08 million, were transferred to exchanges; Currently, the three linked addresses still hold ~10.9% of the total token supply.
1. James Fickel in full extinguished their debts, having lost ~25 thousand #ETH ($83.6 million) from trading the ETH/BTC pair. Previously: exchange ETH for WBTC;
2. New wallet bought 1,055,183 #FARTCOIN and now has a floating loss of $87,000;
3. Whale has gained 60.03 million #MIRA in the last 2 days and currently has a floating loss of $1.38 million;
4. Whale contributed 250 thousand #LINK ($5.37 million) on Binance and OKX. From December 14 to 18, this whale withdrew 595 thousand LINK ($17.31 million) from Binance at an average price of $29.1. He is now losing ~$4.5 million on LINK;
5. Team/Early Member Wallet #VIRTUAL transferred on Bybit for 2 million VIRTUAL (~$6.96 million). Over the past week, a total of 8.75 million tokens, ~$27.08 million, were transferred to exchanges; Currently, the three linked addresses still hold ~10.9% of the total token supply.
📊 #BTC Bitwise: At the start of 2024, few could have predicted that Bitcoin ETPs would shatter all previous records while Gold ETPs faced a dramatic downturn, with net flows of $36,851M for Bitcoin and just $454M for Gold.
📉🤔 #BTC C.Q.: Since February this year, Bitcoin reserves on exchanges have been rapidly decreasing from the $50K level. The current reserve on major exchanges has shrunk to 2.2M BTC.
Saying that the supply on exchanges has nearly disappeared would be inaccurate, but it is a fact that it is actively declining.
Saying that the supply on exchanges has nearly disappeared would be inaccurate, but it is a fact that it is actively declining.
🤖📉 #AI token market capitalization has fallen 28% from December's peak of $70 billion
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📈🗣 Billionaire and Pantera Capital CEO says #BTC is going to $745,000
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📊💼 Institutional investors are increasingly eyeing #DeFi, with new initiatives attracting over $1 billion in capital. This underscores a growing demand for institutional-grade DeFi solutions. intotheblock
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📊🤔 #BTC Open Interest Indicates Possible Reversal
Recent data shows a significant drop in open interest:
▪️ Futures OI fell 17.5% during the current correction, consistent with 2021 bull market patterns. (1)
▪️ Options OI dropped 44% after a record expiration, aligning with historical support levels near -45%. (2)
Key insight: In the current bull market, OI corrections of 40-50% often mark the end of pullbacks or the start of trend reversals.
Recent data shows a significant drop in open interest:
▪️ Futures OI fell 17.5% during the current correction, consistent with 2021 bull market patterns. (1)
▪️ Options OI dropped 44% after a record expiration, aligning with historical support levels near -45%. (2)
Key insight: In the current bull market, OI corrections of 40-50% often mark the end of pullbacks or the start of trend reversals.
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🇺🇸⚖ Blockchain Association sued the IRS over crypto brokerage regulations. cointelegraph
📉👀 The money printer is slowing down. Over the past 10 days, Tether's #USDT circulating supply has shrunk by more than $1.3 billion.
📊📈 #BTC supply on EVM chains grew significantly this year, largely due to the introduction of "Bitcoin staking", which promises to bring yield to Bitcoin holders.