๐ธ #BTC Over the last 24 hours, ~$377 million worth of contracts have been liquidated, of which longs have liquidated ~$133 million and shorts ~$244 million.
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๐๐ค #BTC Since the beginning of the year, the trading volume of Bitcoin futures on CEX exchanges has decreased by half.
๐ฝ Wall Streetโs next crypto play might not be altcoins โ but IPO-ready crypto firms
Matrixport notes a shift in capital from early-stage bets to scalable, late-stage projects preparing for public markets. Up to $226B in crypto IPOs are waiting in the pipeline, potentially unlocking $30โ45B in new capital inflows.
Meanwhile, #BTC continues to outperform altcoins, reinforcing a winner-takes-all dynamic as institutional money concentrates on established players.
Matrixport notes a shift in capital from early-stage bets to scalable, late-stage projects preparing for public markets. Up to $226B in crypto IPOs are waiting in the pipeline, potentially unlocking $30โ45B in new capital inflows.
Meanwhile, #BTC continues to outperform altcoins, reinforcing a winner-takes-all dynamic as institutional money concentrates on established players.
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๐ #BTC CQ: Coinbase Premium GAP rose to $91.86. This means that US investors are buying BTC on Coinbase at a price $91.86 higher than on Binance. Such a strong positive sentiment from the US could be a signal of a potential new high.
๐ #BTC Glassnode: changes in the index are observed. Medium-sized BTC holders are actively accumulating assets, the distribution of "whales" has slowed, and smaller holders remain neutral. This indicates the emergence of new structural demand despite continued selling by large holders.
๐ฏ๐ต Nomura-owned Laser Digital plans to apply for a cryptocurrency license in Japan. coindesk.com
๐ #TRX CQ: in September, the largest crypto networks recorded >642 million transactions. TRON accounted for the largest share, namely 279 million transactions (40%), followed by Polygon (112 million) and Arbitrum (87 million).
๐๐ #ETH saw over $2.2 billion in exchange outflows this week, bringing Ethereum exchange reserves to a 9-year low.
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๐ฅณ Fintech company OnePay, majority owned by Walmart, will soon offer cryptocurrency trading and storage services on its mobile app in partnership with ZeroHash. cnbc
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๐ฆ Deutsche Bank made its first cross-border euro payment via the Partior blockchain platform in partnership with DBS.
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๐ต #ETH Whale, who previously made $81 million trading ETH, sold 22,500 ETH today.
Whale purchased 60,333 ETH at the end of September at an average price of $4256, and over the past two days he has sold a total of 43,330 ETH at an average price of $4388
Whale purchased 60,333 ETH at the end of September at an average price of $4256, and over the past two days he has sold a total of 43,330 ETH at an average price of $4388
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๐บ๐ธ๐ #ETF Crypto in America: The U.S. government shutdown has delayed the SEC's routine approval process for cryptocurrency ETFs. While the SEC can still act in emergency situations, approvals of IPOs and ETFs, including pending applications for LTC, SOL, XRP and others, will likely be put on hold until the government reopens.
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๐ฅ๐ค #COIN Samsung has partnered with Coinbase to provide cryptocurrency to more than 75 million Galaxy users via Samsung Pay
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๐ฎ #BTC Analysts at Standard Chartered predict BTC will reach $135,000 in the near term if the government shutdown drags on, and expect a price of $200,000 by the end of the year.
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๐บ๐ธ๐ #macro US (Sep):
- S&P Composite PMI: 53.9 (pre: 54.6);
- S&P Services PMI: 54.2 (pre: 54.5);
- ISM Services PMI: 50 (pre: 52).
- S&P Composite PMI: 53.9 (pre: 54.6);
- S&P Services PMI: 54.2 (pre: 54.5);
- ISM Services PMI: 50 (pre: 52).
๐ #BTC Swissblock: The Short-Term Holder cost basis (~$111.6K) continues to act as the pivot between bullish continuation and bearish risk.
Five successful defenses since May highlight structural resilience.
Five successful defenses since May highlight structural resilience.