🇬🇧🇨🇳 #BTC The UK Supreme Court will tomorrow hold a hearing on the disposition of 60k BTC confiscated from a Chinese national.
📈 #BTC Santiment: Though not a guaranteed crypto bottom signal, probabilities of a market reversal greatly increases when social dominance for Bitcoin surges. During Friday's dip below $95K, discussion rates hit a 4-month high, signaling severe retail panic & FUD.
🕵️♂️🐳 Whale and institutional activity:
- Arthur Hayes sold 780 #ETH (~$2.4m), 5m #ENA (~$1.38m), 132,730 #ETHFI (~$124k), 640k #LDO ($480k), 1,630 #AAVE ($289k) and 28,670 #UNI (~$209k);
- Whale, which recently bought 444,895 ETH ($1.39 billion), today withdrew 177k ETH ($561.3 million) from Aave and transferred 44k ETH ($140.2 million) to Binance (it currently has an unrealized loss of ~$125 million);
- Bitmine acquired 67,000 ETH worth >$234M in the last week
- Arthur Hayes sold 780 #ETH (~$2.4m), 5m #ENA (~$1.38m), 132,730 #ETHFI (~$124k), 640k #LDO ($480k), 1,630 #AAVE ($289k) and 28,670 #UNI (~$209k);
- Whale, which recently bought 444,895 ETH ($1.39 billion), today withdrew 177k ETH ($561.3 million) from Aave and transferred 44k ETH ($140.2 million) to Binance (it currently has an unrealized loss of ~$125 million);
- Bitmine acquired 67,000 ETH worth >$234M in the last week
🖼 #NFT trading volume fell another 5.06% this week to $79.4 million, while the number of buyers and sellers rose ~700%.
🖼 #NFT trading volume fell another 5.06% this week to $79.4 million, while the number of buyers and sellers rose ~700%.
🗣 BitMine Chairman Tom Lee suggested that the cryptocurrency market weakness could be due to one or more market makers having a "hole" in their balance sheets and the "sharks" circling to cause liquidation and push #BTC down. He emphasized that this is a short-term situation that does not change Wall Street's view of #ETH.
📊📉 #BTC CQ: At peak capitulation, Short-Term Holders sent -64.6K BTC to exchanges at a loss. That selling pressure is now cooled off.
📊👀 #BTC It’s been the worst performing Q4 so far for Bitcoin since 2019.
📈🤔 #BTC supply spikes on exchanges. 11,750 BTC worth $1.1 billion hit exchanges over the last 3 days.
💰 #ETH Bit Digital reported that their ETH inventory has grown to 153,547 coins.
🇺🇸🇨🇳 #tradewars US Treasury Secretary Scott Bessent said the Trump administration intends to finalize a trade agreement with China by Thanksgiving (Nov. 27).
📊🤔 #BTC FrankAFetter calls out prime buying ops on Bitcoin downside moves—STH MVRV indicator dipping low.
They don’t come often, but they tend to be excellent opportunities.
📉 #BTC The 1-day RSI on Bitcoin is the most oversold it’s been in the last year.
💰 #BTC Billionaire Grant Cardone just bought 888 BTC worth $80 million.
🐳 #BTC Whale distribution has started to slow for the first time since August. Distribution was at the most aggressive at the start of October, the ATH.
🍿 Peter Schiff calls the Strategy model a "fraud" and challenges Saylor to a debate. cointelegraph