๐ #BTC CQ: Short-term holders (STH) continue to send their BTC to exchanges at a loss. Just yesterday we saw ~30,300 BTC sent to exchanges, reflecting a growing wave of capitulation among recent buyers.
Every time the price tries to recover and reaches the STH realization price (currently ~$112,500), we see immediate profit taking or breakeven exits. These reactions create resistance and make it difficult for price to rise.
Every time the price tries to recover and reaches the STH realization price (currently ~$112,500), we see immediate profit taking or breakeven exits. These reactions create resistance and make it difficult for price to rise.
๐ณ Despite the recent drop in #ETH , many whales have been buying the drop, accumulating 323,523 ETH ($1.12 billion) in the last 2 days.
๐๐ณ Whale Transactions:
1. Miner MARA transferred a total of 2348 #BTC ($236 million) to CEX;
2. HEX, PulseChain, and PulseX founder transferred 112,978 #ETH ($366.4 million) to Tornado Cash;
3. BTC OG (1011short) invested another $20M into HyperLiquid to continue to increase his longs in #BTC and #ETH.
Current positions:
- 600 #BTC ($60.9 million), Entry: $104,785.9, Liquidation: $43,160;
- 13,000 #ETH ($43 million), Entry: $3,444.81, Liquidation: $593.38.
1. Miner MARA transferred a total of 2348 #BTC ($236 million) to CEX;
2. HEX, PulseChain, and PulseX founder transferred 112,978 #ETH ($366.4 million) to Tornado Cash;
3. BTC OG (1011short) invested another $20M into HyperLiquid to continue to increase his longs in #BTC and #ETH.
Current positions:
- 600 #BTC ($60.9 million), Entry: $104,785.9, Liquidation: $43,160;
- 13,000 #ETH ($43 million), Entry: $3,444.81, Liquidation: $593.38.
๐ฐ Canaan miner raises $72 million from top investors including Brevan Howard and Galaxy Digital. theblock.co
๐ต๏ธโโ๏ธ Whales close shorts and move into longs:
1. 0x9263 closed shorts and opened longs on #ETH, #BTC, #SOL and #UNI. He has made 20 profitable trades since Oct. 1 for a total profit of $23.7 million;
2. Whale moved from short to long 32,802 #ETH ($109 million). Also holds shorts #ASTER, #kPEPE, long #DOGE.
1. 0x9263 closed shorts and opened longs on #ETH, #BTC, #SOL and #UNI. He has made 20 profitable trades since Oct. 1 for a total profit of $23.7 million;
2. Whale moved from short to long 32,802 #ETH ($109 million). Also holds shorts #ASTER, #kPEPE, long #DOGE.
๐ณ1
๐ #BTC CQ: If the bulls manage to defend the $101k level, this drop could be categorized as an aberration and a buying opportunity. However, if the price fails to hold, closing the day below this level would deal a serious blow to the bullish market structure.
๐ค #BTC Investment director Bitwise says retail investors are in a state of "maximum desperation". This usually precedes a bottom. Predicts BTC will end the year at a new ATH. cnbc
๐จ๐ญ๐ค #BTC Adam Back and Switzerlandโs FUTURE Secure 28 Million Swiss Francs to Build Bitcoin Treasury. coindesk
๐ #NFT's market capitalization has fallen 46% in just 30 days. cointelegraph
๐บ๐ธ๐ฟ In Virginia, New Jersey, New York, Democrats won gubernatorial elections, all of them promising to tighten regulation of cryptocurrencies.
Analysts see the results as a potential sign that Republicans could lose control of Congress in 2026, which could affect the Trump administration's political agenda.
Analysts see the results as a potential sign that Republicans could lose control of Congress in 2026, which could affect the Trump administration's political agenda.
๐คฎ1
๐๐ #BTC CQ: If we look at momentum, the market should start attempting to recover. In addition, a large number of short positions have accumulated, which could become fuel for a rally.
From a technical perspective, the market is oversold, however, history shows that recovery usually requires a period of consolidation.
From a technical perspective, the market is oversold, however, history shows that recovery usually requires a period of consolidation.
๐ฏ๐ต #BTC Metaplanet raises $100M loan secured by BTC to buy BTC and buy back shares. cointelegraph
๐ #ASTER CEO Aster said the team plans to create a privacy-focused public network with zero gas fees to serve traders. x
๐ป๐ณ๐ค #USDT Tether announced the signing of a Memorandum of Understanding (MoU) with the People's Committee of Da Nang City, Vietnam to promote the development of digital infrastructure and innovative governance models in Da Nang.
๐ฃ Cramer continues: "The longest shutdown will cause the market to fall..."