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π Bybit is choosing a nickname for its mascot. The person who suggests the best one will receive 500 USDT.
Support the channel: Trade on Bybitπ
Support the channel: Trade on Bybitπ
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ππ #BTC Swissblock: Last week, spot demand was weak, capped by USβChina trade war. Momentum remains negative and flat. It means that without sustained spot demand, the bullish setup could fade fast.
If demand holds and momentum turns up, BTC advances in the battleground, otherwise, it risks retreating again and raising the white flag.
If demand holds and momentum turns up, BTC advances in the battleground, otherwise, it risks retreating again and raising the white flag.
π€ #ETH Ethereum core developer Peter Sziladi published a letter he sent to the Ethereum Foundation leadership last year, in which he criticized Vitalik Buterin's undue influence. He stated that most projects are controlled by a narrow circle of 5-10 people and 1-3 VCs behind them, forming a Vitalik-centric interest group, where the success of new projects largely depends on their relationship with this circle.
π #XRP Santiment: just 10 days after XRP fell below $1.90 and 3 days after recovering to $2.20, XRP has surpassed $2.50. The data clearly shows that the crowd is selling at a loss and expressing uncertainty. Prices tend to move against retailers' expectations.
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π #TRX Despite last week's market downturn, Tron saw strong growth in decentralized exchanges (DEX) and crypto exchanges (Perps) volume, active addresses and transactions:
DEXs volume: $818.1 million (+5.05%)
Perps volume: $544.68 million (+9.06%)
Active addresses: $18.91 million (+7.26%)
Transactions: 69.47 million (+6.09%)
DEXs volume: $818.1 million (+5.05%)
Perps volume: $544.68 million (+9.06%)
Active addresses: $18.91 million (+7.26%)
Transactions: 69.47 million (+6.09%)
π΅ #BTC SpaceX has moved $268M in Bitcoin, marking its first major BTC transfer in three months.
πΈ #BTC Over the last 24 hours, ~$321 million worth of contracts have been liquidated, of which longs have liquidated ~$247 million and shorts ~$74 million.
π #BTC CQ: Selling pressure fades as Binance netflow turns sharply negative. This suggests that investors prefer holding over selling, which typically aligns with accumulation phases in market cycles.
π #PYUSD just crossed $1B in supply on Solana, becoming the 3rd largest stablecoin by supply. x
πΊπΈπ€ #COIN Coinbase strikes a $375 million deal to acquire crypto trading platform Echo.
π #BTC open interest has dropped by ~30%, flushing excess leverage from the market. With funding now near neutral, the market is far less vulnerable to another liquidation cascade. glassnode