🕵️‍♂️🐳 Whales and institutional continue to accumulate #ETH amid market collapse:
1. 2 new wallets (likely owned by Bitmine) withdrew 33,323 #ETH ($126.4 million) from FalconX and Kraken.
2. an OTC kit bought 14,165 #ETH ($55.5 million) via FalconX, Coinbase and Wintermute.

📈👀 #ZEC is up over 9% in the past 24 hours—despite the biggest liquidation event in crypto history having taken place.

🕵 Despite the surge in #ZEC in this market, not every long trader is pleased.

A whale lost $1.27M in a ZEC long position opened yesterday, along with $4.92M being liquidated in a #PUMP long position.

📉👀 #BTC CQ: In the last few hours, 36,700 Bitcoin / $4.1 billion were sent to exchanges at a loss.

They may have contributed to the selling pressure, but the main trigger was clearly the liquidations, which completely dragged the market into the abyss.

📊 #BTC Futures Flow Index dropped to 13%. The price is currently trading below Fair Value of $113.3K.

The spread between Bitcoin futures and spot has turned negative, while open interest dropped by $11B - a massive deleveraging.

The main reaction should be expected on Monday

📈🤔 Bitwise: Our intraday Cryptoasset Sentiment Index just generated a strong contrarian buying signal.

The index reached an intraday low of -2.8 standard deviations - its lowest level since the "Yen Carry Trade Unwind" in the summer of 2024.

🥳 #SOL Solana Lead Developer Anza stated that during the overnight market dump, Solana passed its largest stress test to date, reaching a record 100,000 TPS at full stability.

🐳 2,904.41 #BTC ($325,609,188) aggregated inflows to Bybit. cryptoquant

🧯👀 #REZ The Renzo Community offers to buy back and burn 10% of the total REZ tokens over the next 6 months.

💵 500 million #USDC minted at USDC Treasury. (1|2)

💸😨 Well-known Ukrainian crypto investor Konstantin Galish (Kudo) committed suicide amid the market crash.

Rumor has it that he lost at least $30 million in investors' money, other people's money that was entrusted to him to manage.

Kudo was left with a fleet of cars: a 2020 Lamborghini Urus, a 2023 Ferrari 296 GTB, and a 2012 Mercedes-Benz 220 CDI.

💰🙋‍♂️ #BNB Binance may be about to release the largest compensation plan in its history. Binance co-founder He Yi said:

We will review your account activity individually, analyze the situation, and provide compensation accordingly. However, losses resulting from market fluctuations and unrealized profits are not eligible for compensation.

💵 #USDT #USDC Tether and Circle minted $1.75B in stablecoins post-market crash.

📊💸 #HYPE Hyperliquid leaderboard: Over 1,000 wallets wiped out in market crash, total 6,300+ wallets in red with $1.23B losses. 205 wallets lost over $1M, 1,070+ wallets lost over $100K.

🧯📝 #JST JustLend DAO has launched a buyback and burn proposal for JST

🕵 #ETH Bitmine acquired 27,256 ETH (104.24M). Tom Lee views today's dip as a positive shakeout, expecting market recovery in a week. intel.arkm

🫂 DWF Labs offers capital, loans, and buybacks to support projects post flash crash. cointelegraph

📊👀 $1.9 billion #USDe burned since yesterday, 13% of total supply, as funding rates turned negative.

USDe is the third largest stablecoin

📈 Sentora: On-chain Treasuries climbed to roughly $8.38B outstanding, +~6% WoW.

📊👀 #BTC CQ: Post-crash recovery begins. Historically, new trending periods tend to emerge ~30 days after major crashes.

📉👀 #XRP Amid the crypto crash yesterday, XRP erased a whopping -50% of its market cap in 30 minutes.

- At 4:50 PM ET, XRP was worth $161 billion.
- By 5:20 PM ET, XRP was worth $80 billion.