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.
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π΅οΈββοΈ #LINK This newly created wallet withdrew 276.03 LINK ($4.95M) from Binance. Now, the whale holds 1.619M LINK ($28.99M).
Address: 0xbBF5B578A7eCCE2381D8FC9CAc42D6968712451E
πΊπΈπ¨π³ #tradewars Bloomberg: The US and China held trade talks in Malaysia that a U.S. Treasury Department spokesman characterized as "very constructive."
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ππ΅ #APE #NFT BMW now has its own NFT ape named Max from the cult project Bored Apes Yacht Club. x.com
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π¬ππ¦ #BTC Ghana central bank says it will have Bitcoin and crypto regulations in place by the end of 2025.
Ghana will become the 9th African country to adopt digital asset laws.
Ghana will become the 9th African country to adopt digital asset laws.
ππ $4.8 billion in #BTC short positions to be liquidated when price hits $116,000.
π΅ As per LookonChain, a pro trader with a 100% win rate is stacking up Bitcoin longs β now holding 1,483 #BTC ($165.5M) and 33,270 #ETH ($131.3M) in open positions.
πΊπΈπ The SEC canβt stop talking about stablecoins. Mentions of stablecoins in SEC filings are up more than 5x since 2023.
Everyone from Visa to Citi to PayPal are now framing stablecoins as part of their long term payments strategy. #stablecoin
Everyone from Visa to Citi to PayPal are now framing stablecoins as part of their long term payments strategy. #stablecoin
ππ #BTC CQ: Volatility Is Drying Up
Bitcoinβs intraday moves are shrinking β just 2% on Oct 21 and 3% on Oct 22.
Thatβs calm before the storm: low activity, low momentum, traders waiting.
Classic squeeze setup before the next breakout.
Bitcoinβs intraday moves are shrinking β just 2% on Oct 21 and 3% on Oct 22.
Thatβs calm before the storm: low activity, low momentum, traders waiting.
Classic squeeze setup before the next breakout.
ππ #BTC Over the past month, average monthly trading volumes on centralized exchanges (CEX) have increased by 120K BTC from the September low.
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