📊 #BTC Santiment: While many are eager to enter the market, there is a growing widespread belief that the price of BTC will drop to certain market values to provide better entry points. The sentiment on social media is actually showing mostly distrust and trader fatigue, rather than the same level of excitement as in previous periods of growth.
With prices moving in the opposite direction to retail expectations, this level of doubt can be taken as a signal that this rally may not be over yet.
With prices moving in the opposite direction to retail expectations, this level of doubt can be taken as a signal that this rally may not be over yet.
🥳 #MOVE Movement Foundation completed a buyback of 180 million MOVEs at an average price of ~21$
📊 #BTC CQ: Bitcoin Exchange Netflow Analysis – Profit-Taking Spikes After $123K High.
This kind of movement typically suggests a local top and could lead to a healthy correction or consolidation in the coming days.
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🇺🇸🕹 Banking regulators OCC, FDIC and Fed have issued joint guidance on how banks should approach holding cryptoassets:
- Banks may provide cryptocurrencies to customers on a fiduciary or non-fiduciary basis, but must follow existing laws and risk management principles;
- The main risks that banks need to consider:
- Cybersecurity
- Cryptographic key control;
- Volatile markets
- AML/CFT/OFAC compliance;
- Third party oversight;
- If the keys are in the hands of the bank, the bank is also responsible;
- Banks must ensure that only they can access keys (referred to as a standard to ensure true control);
- Third-party cryptocurrency custody providers are allowed, but banks are still responsible for their actions and must conduct due diligence on them.
- Banks may provide cryptocurrencies to customers on a fiduciary or non-fiduciary basis, but must follow existing laws and risk management principles;
- The main risks that banks need to consider:
- Cybersecurity
- Cryptographic key control;
- Volatile markets
- AML/CFT/OFAC compliance;
- Third party oversight;
- If the keys are in the hands of the bank, the bank is also responsible;
- Banks must ensure that only they can access keys (referred to as a standard to ensure true control);
- Third-party cryptocurrency custody providers are allowed, but banks are still responsible for their actions and must conduct due diligence on them.
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🕵 #ETH SharpLink Gaming withdrew ~$73.2M worth of ETH from Coinbase Prime.
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📊👀 Glassnode Report:
- Price momentum accelerated amid a 46.6% rise in spot trading volume and a reversal in CVD dynamics, indicating significant investor participation and a shift to aggressive buying;
- Capital rotation indicators indicate a slight increase in the activity of short-term holders, but the dominance of long-term holders remains;
- Fixation of realized profit is growing.
- Price momentum accelerated amid a 46.6% rise in spot trading volume and a reversal in CVD dynamics, indicating significant investor participation and a shift to aggressive buying;
- Capital rotation indicators indicate a slight increase in the activity of short-term holders, but the dominance of long-term holders remains;
- Fixation of realized profit is growing.
🕵️♂️ A wallet holding 20,000 #BTC since 2010 just moved $2.4B after 14 years, bought for $15,400.
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🇨🇦🙋♂️ #BTC Canadian Matador Technologies plans to raise 900 million CAD to buy BTC to balance sheet.
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🇬🇧⛏️ #BTC Bluebird Mining, a UK-listed gold mining company, has acquired 756 Bitmain and Canaan ASIC miners to expand its Bitcoin mining operations.
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🇺🇸🗣 #BTC Rep. French Hill just called on the House to pass a Bitcoin and crypto market structure bill.
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🇯🇵 #BTC Metaplanet is in talks to acquire a majority stake in Korea's SGA to expand Asian cryptocurrency treasuries. cointelegraph
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👍 #ETH Bit Digital plans to raise $67.3 million in a private placement to buy more Ethereum. theblock.co
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📈 #BTC #ETH #ETF Yesterday, total net inflows of spot BTC-ETFs totaled ~$297.4 million.
Total net inflows of spot ETH-ETFs amounted to $259 mln.
Total net inflows of spot ETH-ETFs amounted to $259 mln.
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🔍🐳 Whale Transactions:
1. Whale with 80,009 #BTC transferred for a total of 16,843 BTC ($2 billion) to Galaxy Digital;
2. Seeing that the whale with 80,009 #BTC started selling, this trader immediately closed the long and opened a BTC short;
3. Wallet "LeBron," who earned $16.7 million on #TRUMP, #MELANIA, and #LIBRA, spent $2 million to buy 355.5 million #PUMP at $0.0056. Oe also joined PUMP's $1m seil;
4. SharpLink bought another 24,371 #ETH ($73.21 million). In the last 6 days, SharpLink bought a total of 84,953 ETH directly from Ethereum Foundation;
5. Whale/institute spent 100.54 million #USDT to buy 33,366 ETH at an average price of $3,013 and then distributed ETH to 9 wallets.
1. Whale with 80,009 #BTC transferred for a total of 16,843 BTC ($2 billion) to Galaxy Digital;
2. Seeing that the whale with 80,009 #BTC started selling, this trader immediately closed the long and opened a BTC short;
3. Wallet "LeBron," who earned $16.7 million on #TRUMP, #MELANIA, and #LIBRA, spent $2 million to buy 355.5 million #PUMP at $0.0056. Oe also joined PUMP's $1m seil;
4. SharpLink bought another 24,371 #ETH ($73.21 million). In the last 6 days, SharpLink bought a total of 84,953 ETH directly from Ethereum Foundation;
5. Whale/institute spent 100.54 million #USDT to buy 33,366 ETH at an average price of $3,013 and then distributed ETH to 9 wallets.
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📊 #BTC Santiment: 43.06% of cryptocurrency discussions focused on BTC after ATH reached $123,000. The sudden spike in interest indicated that many retail traders are embracing FOMO. Wait for the euphoria to subside a bit and you'll probably discover another important entry point.
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💸 #BTC Over the past 24 hours, contracts worth ~$666.21 million have been liquidated, of which longs have liquidated ~$392.81 million and shorts ~$273.44 million.
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