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At night, Bitcoin rose above $35k, showing an increase of 18%. Now the price is looking for a sure pullback, and the bears are shedding bitter tears due to liquidations of $297 million 🥹

At first, the price was driven up by the news that the court had made a final decision on the need for the SEC to reconsider the application for a spot Bitcoin ETF from Grayscale. Please note that considering and accepting again are two different things 🧐

When this seemed not enough, the story began to spread about BlackRock receiving a ticker symbol for its ETF - IBTC, as well as rumors about the possibility of early fundraising for the fund. It was presented as if the ETF had already been approved and BlackRock was already purchasing BTC into it. In fact, this data does not mean anything like that and is just speculation, but was taken from an updated application for ETFs, which was corrected at the end of last week, but was carefully read only last night 😇

Intrigue of the week: will they now shave longs 😜

🔹 Top 3 in 24 hours:
Mina - $0.6181 (↑50.57%)
Pepe - $0.000000953 (↑26.32%)
Conflux - $0.1323 (↑19.39%)
Meanwhile, two-thirds of all bitcoins in circulation have not moved in at least a year. Moreover, judging by the graph, experienced investors did not drain their coins, including at the end of 2022, when the crypto industry suffered due to the collapse of FTX and the collapse of the market as a whole.
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Poloniex losses due to yesterday's hack exceeded $124 million 😱

Poloniex team froze some of the assets associated with the hacker's addresses. They called the damage caused non-critical and promised to compensate users for their losses.

Justin Sun offered the hacker a 5% reward for the return of stolen funds. If he doesn't return them within 7 days, law enforcement agencies will be involved.
Yesterday, the average transaction fee in the Bitcoin network amounted to the equivalent of $8.6. As you can see from the graph, now the level of commissions in BTC is in the zone of its maximum for six months.
This week saw the largest outflow of USDT stablecoin from the Binance crypto exchange in the last three months. The indicator exceeded the mark of 104 million dollars per day.
The Bitcoin Investors' Fear and Greed Index has once again exceeded the 70-point level. Today's result is 72 points out of 100, which indicates a relatively good situation for capital holders.

Pay attention to the graph of the index for three months. Its growth over the last thirty days is more than obvious.
The market capitalization of the industry's largest stablecoin, USDT, has surpassed $90 billion for the first time. This indicates serious demand for the token along with the desire of investors to transfer their fiat currencies into digital assets.

Well, Tether is a giant, you can’t argue with that.
The share of ethers in circulation held by long-term investors surpassed the 70 percent mark for the first time in December 2023. We are talking about coin holders who purchased them more than a year ago.

So there are enough patient ETH lovers today.
BlackRock's iShares Bitcoin Trust ETF (IBIT) now consists of 11,439 bitcoins, which is equivalent to $487 million. Moreover, these coins are unlikely to return to the market in the near future.

Rather, the company will purchase additional BTC to work and develop its own product.

For comparison, about 900 new coins are issued per day in the Bitcoin network. Well, the BlackRock ETF has been available for trading for only two days so far.
Trading volumes with new Bitcoin ETFs in the U.S. have almost reached the $10 billion mark in three full days. The exact amount is 9.68 billion, most of which is accounted for by the Grayscale Bitcoin Trust ETF.
Binance exchange was able to successfully pass the crisis. Since the SEC's fine, the exchange has seen an inflow of $4.6 billion. At the same time, the top 1 exchange has stopped losing market share on the spot (BBG)