📉🤔 #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.
🎬🍿 #ETH Ethereum now offers to watch a 7-minute ads of paying for gas per transaction.
🤖📉 #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
📊💼 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
📊🤔 #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.
🇺🇸⚖ 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.
🕵 One more smartmoney, who made a profit of $4.92 million from trading #PEPE over the past six months, purchased $2.79 million in PEPE today.
🇺🇸👀 #SOL #ETF VolatilityShares files for futures-based Solana ETF. Bloomberg senior ETF analyst Eric Balchunas calls it “wild” and sees it as a positive sign, potentially boosting spot ETF odds.
The absence of Solana futures ETFs was considered the biggest hurdle for spot approval
The absence of Solana futures ETFs was considered the biggest hurdle for spot approval
📈🤔 #BTC There was a spike in the Bitcoin Taker Buy/Sell Ratio on OKX. This indicates a surge in aggressive buying — a sign of upward momentum ahead.
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🗣 #BTC BitGo CEO: We are talking to multiple corporate clients right now about putting Bitcoin on the balance sheet.
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🇺🇸🗣 #BTC VanEck: My basic premise is that ultimately Bitcoin’s value will be half of that of all the gold outstanding. So you’re talking about something like $300,000 per Bitcoin.