Bitcoin miners are very positive at the moment, they continue to invest in equipment even though the income has become very small. The hashrate / profit ratio from mining has updated the maximum (CryptoQuant).

Breaking: FTX CEO Sam Bankman-Fried Confirms “Stablecoin” Plans
https://bit.ly/3Flj0UZ

Breaking: India Drops Final Date For Pilot Launch Of Digital Rupee
https://bit.ly/3SPr5En

After bitcoin was adopted as the "standard" at MicroStrategy, its stock outperformed the market significantly. For comparison, shares of other US big techs are given.

Unlike the previous correction cycle, when panic selling prevailed, hodlers are now consistently accumulating positions (CryptoCompare).

Breaking: Elon Musk’s Twitter Faces Class Action Lawsuit For Mass Layoffs
https://bit.ly/3h3TCJb

Despite the bear market, the number of processed transactions in the Bitcoin network has updated its historical maximum - already more than $14 trillion since the beginning of 2022 (Glassnode).

Such interest in bitcoin, even in the conditions of a crypto winter, clearly signals very great prospects for the future. Patience will be rewarded 📈

FTX Clarifies Difficulty In Bitcoin Transactions Amid FTX-Binance War
https://bit.ly/3fE08Gv

Historically, global cycles of BTC decline did not end with the first prolonged consolidation. The necessary capitulation of the crowd just happened only after the “buying out the bottom” and the subsequent decline. At this stage, full-fledged apathy and a lack of faith in growth had already set in.

Now - in the region of $ 20,000, subjectively, according to sensations, many people are trying to buy off the bottom with the expectation of selling at $ 100,000 and more. Statistics on hodlers confirms this - they accumulate their positions. That is why it is too early to talk about the full completion of the correction, to put it mildly. This year will most likely remain negative for military-technical cooperation, and subsequent ones will be green. All this fits perfectly into the halving cycle of the main cryptocurrency.

Breaking: Meta Layoffs 11,000 Employees; Mentions Vision For Metaverse
https://bit.ly/3hpFTN6

Strong crypto outflows began from centralized crypto exchanges amid the situation with FTX (The Block).

According to Nansen, about $1 billion in ETH, $950 million in USDC, $400 million in USDT and $195 million in BUSD have been withdrawn from crypto exchanges over the past 24 hours.

Breaking: Binance CEO “CZ” Announces Crypto Market Recovery Fund

https://bit.ly/3A8AsZh

The exchanges recorded a large influx of stablecoins and an outflow of BTC and ETH. Accordingly, the purchasing power of stables is growing significantly (by about $4 billion per month) - glassnode.

Coinbase Leading XRP Price Surge? Whales Add 139 Mln XRP
https://bit.ly/3EcI6De

Update on centralized crypto exchange balance reports by Colin Wu.

New day, new record. The number of Ethereum addresses holding at least 10 ETH has reached an all-time high. Today there are almost 335 thousand of them.

Just-In: Bahamas Supreme Court Orders FTX To Pay For Regulatory Action
https://bit.ly/3tOMtj5

Almost 1.2 million BTC was lost due to 14 centralized crypto exchanges. For a second, this is 6.3% of all bitcoins in circulation.

Breaking: Coinlist Reportedly Unable To Withdraw coins; Here’s Why
https://bit.ly/3F1inQ1

Miners are still selling mined bitcoins to the market. Their overall balance reached a minimum in almost a year (Santiment).

Morgan Stanley Research found an obvious positive correlation between the change in the M2 global money supply and the change in BTC capitalization. Simply put, crypto is directly dependent on the printing press in the financial system. At the same time, it should be understood that now the volume of liquidity is falling and, according to preliminary estimates, this process will continue until the middle of next year.