๐ธ Coinglass: Whale on the Bybit exchange liquidated a $13m SHORT position with a single order (in the #BTC/USD pair).
SHORT positions for $150+ million were liquidated in 1 hour.
SHORT positions for $150+ million were liquidated in 1 hour.
๐ธ๐ #BTC Trader with 100th winrate closed his short position with a loss of $1.7 million.
๐1
๐ #BTC Glassnode: Despite the recent volatility, the perpetual market remains muted. The hourly funding paid by longs (168h-SMA) has fallen to a new low of $72K/hour, an ~87% drop from the $565K/hour peak in mid-July.
๐๐ #BTC Santiment notes that the crowd now expects BTC to continue its rise
๐๐ #BTC Glassnode notes that if BTC breaks the $93k level, it will trigger large liquidations of short positions which could be a boost to the upside.
๐ฝ๐ #FDUSD First Digital: We signed a collaboration agreement with CSLM Digital Asset Acquisition Corp III for a proposed business combination that will bring First Digital to the U.S. public markets.
๐
โโ๏ธ Celestia-based Astria Network has announced the discontinuation of its shared sequencer network following a successful funding round that raised $18 million. link
This media is not supported in your browser
VIEW IN TELEGRAM
๐บ๐ธ๐ฃ President Trump has announced former Coinbase advisor Kevin Hassett as a potential candidate for the position of Federal Reserve Chair. #macro
๐ฅ1
๐ต๏ธโโ๏ธ A newly created wallet received 18,345 #ETH, worth $55.25M, from BitGo. The wallet belongs to BitMine.
Address: 0xA79dd556f576494CadFabf104c165f4A9bDCe6af
๐ฆ #UNI Uniswap Labs integrated Revolut as a fiat onramp, letting users in 28 countries buy crypto directly in the Uniswap Web App and Wallet.
๐ฎ๐ Chances for a Fed rate cut next week have surged to 91%, according to Polymarket. #macro
๐๐ค #BTC Willy Woo: Historically Bitcoin tops have lead pull backs in global M2.
"But Fed rates are dropping"... i.e. more money printing... leading you to think global M2 will climb.
But if global investors buy USD instead of buying risk-on assets, also called "a flight to safety", then USD strengthens, and global M2 (which is priced in USD) drops.
"But Fed rates are dropping"... i.e. more money printing... leading you to think global M2 will climb.
But if global investors buy USD instead of buying risk-on assets, also called "a flight to safety", then USD strengthens, and global M2 (which is priced in USD) drops.