ππ€ #BTC is trading well below its fair value implied by #ETF flows.
At around $108K, Bitcoin sits roughly 10% under the modelβs expected price of $120K. Thatβs a strong deviation which points to sentiment, not structural weakness, driving the pullback.
That leaves plenty of upside once confidence returns.
At around $108K, Bitcoin sits roughly 10% under the modelβs expected price of $120K. Thatβs a strong deviation which points to sentiment, not structural weakness, driving the pullback.
That leaves plenty of upside once confidence returns.
π₯1
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πββ #BTC Rumble to launch Bitcoin & crypto tipping feature for its 51 million users.
πΊπΈπββ Trump has nominated Michael Selig to be chairman of the CFTC.
Selig is general counsel of the SEC's cryptocurrency task force and served as an assistant to SEC Chairman Paul Atkins. bloomberg
Selig is general counsel of the SEC's cryptocurrency task force and served as an assistant to SEC Chairman Paul Atkins. bloomberg
ππ #BTC Santiment: Retailers are pessimistic on crypto heading into the weekend. Comparing cryptocurrency discussions on social media containing:
π¦"lower" or "below"
π₯"higher" or "above"
the pattern implies a price rise price is more probable because the crowd is a contrarian signal.
π¦"lower" or "below"
π₯"higher" or "above"
the pattern implies a price rise price is more probable because the crowd is a contrarian signal.
π€ #BTC #USDT Rumble is partnering with Tether to add Bitcoin tips for content creators. cointelegraph
π JPMorgan: Coinbase's Base token could be worth as much as $34 billion. theblock
π Coinbase shares are up 9% after JPMorgan upgraded its rating on Base and #USDC's potential. cointelegraph
π Coinbase shares are up 9% after JPMorgan upgraded its rating on Base and #USDC's potential. cointelegraph
π #ETH Santiment: Ethereum whales and sharks holding between 100 and 10,000 ETH are finally showing signs of confidence. After dropping 1.36 million ETH between October 5 and October 16, they have recovered almost a sixth of that amount. A positive sign for ETH.
π #BTC CQ: Open Interest just saw a -26.7% drop over 7 days β the sharpest decline since Sep '23.
Unusual to see this kind of flush with Bitcoin sitting so close to all-time highs.
Unusual to see this kind of flush with Bitcoin sitting so close to all-time highs.
ππ #BTC Glassnode notes that long-term holders have sold 62,000 BTC since mid-October, with whales continuing to accumulate.
The momentum buyers have largely left, while the downside buyers have failed to step in with enough demand to absorb this supply. As the number of new buyers remains unchanged, this imbalance puts pressure on prices until stronger spot demand returns.
The momentum buyers have largely left, while the downside buyers have failed to step in with enough demand to absorb this supply. As the number of new buyers remains unchanged, this imbalance puts pressure on prices until stronger spot demand returns.
β€1
