๐บ๐ธ๐ฃ #BTC #MSTR Michael Saylor on potential removal from key indices: Strategy is not a fund, not a trust, and not a holding company. Weโre a publicly traded operating company... This year alone, weโve completed five public offerings... representing over $7.7 billion in notional value. We also launched Stretch (STRC), a revolutionary Bitcoin-backed treasury credit instrument... Index classification doesn't define us. Our strategy is long-term, our conviction in Bitcoin is unwavering.
Earlier, Bloomberg reported that MicroStrategy risks billions in outflows ($2.8B from MSCI alone, up to $9B total passive exposure) if booted from benchmarks like MSCI USA and Nasdaq 100 due to the crypto slumpโdecision expected by Jan. 15.
Earlier, Bloomberg reported that MicroStrategy risks billions in outflows ($2.8B from MSCI alone, up to $9B total passive exposure) if booted from benchmarks like MSCI USA and Nasdaq 100 due to the crypto slumpโdecision expected by Jan. 15.
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๐บ๐ธ๐ #macro USA:
- Michigan Consumer Sentiment (Nov): 51 (pre: 53;6);
- 1-year consumer inflation expectations (Oct): +4.5% (pre: +4.6%);
- 5-year consumer inflation expectations (Oct): +3.4% (pre: +3.9%).
- Michigan Consumer Sentiment (Nov): 51 (pre: 53;6);
- 1-year consumer inflation expectations (Oct): +4.5% (pre: +4.6%);
- 5-year consumer inflation expectations (Oct): +3.4% (pre: +3.9%).
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โ #SYRUP Maple denies Core's allegations, saying they misrepresent the facts. According to Maple, the revenue programs are operated through an independent legal entity, with assets separated from the core business. Risk management measures have been put in place in response to the fall in the value of CORE tokens, with plans for an orderly sale of CORE tokens to preserve lenders' capital. Although hedging mechanisms are in place to protect creditors, due to CORE's legal actions, the token sale cannot proceed as planned.
๐๐ Glassnode: #BTC options expiring tomorrow are now pricing 95% IV, up 40 vol points since yesterday. Such a fast jump in near-term IV shows traders expect significant movement in the next 12โ24 hours.
๐ #BTC Short- and mid-term 75K puts have been heavily bought since BTC lost the 94K level. The options market isnโt signaling a bottom yet and is leaning toward the risk of a deeper move.
๐ค Robert Kiyosaki said he sold $2.25 million worth of BTC at a price of $90k
๐๐ #BTC Alphractal: Today Bitcoin has recorded a -33% drop from its all-time high
That number isnโt trivial. Every time Bitcoin has fallen more than 33% after a peak, the following months have been marked by sustained downside.
That number isnโt trivial. Every time Bitcoin has fallen more than 33% after a peak, the following months have been marked by sustained downside.
๐ #BTC's sentiment across social media has officially dipped to its lowest point since December 11, 2023. According to bullish vs. bearish comments on X, Reddit, Telegram, and others, retail is capitulating and panic selling at a significant level we haven't seen in 2 years.
๐๐ค #BTC Checkmate: This chart shows the USD value of every coin in the Bitcoin supply priced when it last transacted onchain.
Think of this as our collective invested cost basis.
Over 70% of the USD invested in Bitcoin is now underwater.
Think of this as our collective invested cost basis.
Over 70% of the USD invested in Bitcoin is now underwater.
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๐ CryptoRank: On-chain activity across major L1s chains is relatively low. Solana is the biggest loser, dropping from almost 32M active wallets in September 2024 during meme mania to about 1.7M now.
BNB has held up better, boosted by Aster hype and short-term meme interest, with around 941K active wallets.
Meanwhile, Base has shown solid performance recently, but with the current market conditions, activity on the chain is starting to fade, with only 437K wallets.
Polygon and Ethereum show little change over the past couple of months, sitting at 252K and 86K wallets respectively.
BNB has held up better, boosted by Aster hype and short-term meme interest, with around 941K active wallets.
Meanwhile, Base has shown solid performance recently, but with the current market conditions, activity on the chain is starting to fade, with only 437K wallets.
Polygon and Ethereum show little change over the past couple of months, sitting at 252K and 86K wallets respectively.
๐๐ #BTCโs 200-week moving average has climbed past $55,000 for the first time ever.
Long-term trend strength remains intact, but pace of growth has definitely cooled compared to prior cycles.
Long-term trend strength remains intact, but pace of growth has definitely cooled compared to prior cycles.
๐ฎ #BTC Jeff Park, Bitwise analyst: if for some reason news suddenly broke that a major developed market, an OECD country, was going to buy BTC for its balance sheet and actually did so, it would push BTC up to about $150,000. cointelegraph