Solana Price Jump Attracts Large Whales, What’s Next For SOL?
Solana (SOL) has recorded renewed bullish interest as a series of large whales pick up SOL. This comes on the heels of Grayscale’s interest in spot Solana ETFs and institutions citing reasons for Solana’s sustainability. New data from on-chain analytics firms show four whales moving assets off exchanges to other custodians, showing possible long-term holding plans.
The first whale withdrew 18,500 SOL worth approximately $4.2 million from Binance. The second came a few hours later as a whale transferred 46,103 SOL worth $10.85 million to another custodian. Subsequently, another large holder moved 100,010 SOL worth $22.46 million from Binance.
Solana (SOL) has recorded renewed bullish interest as a series of large whales pick up SOL. This comes on the heels of Grayscale’s interest in spot Solana ETFs and institutions citing reasons for Solana’s sustainability. New data from on-chain analytics firms show four whales moving assets off exchanges to other custodians, showing possible long-term holding plans.
The first whale withdrew 18,500 SOL worth approximately $4.2 million from Binance. The second came a few hours later as a whale transferred 46,103 SOL worth $10.85 million to another custodian. Subsequently, another large holder moved 100,010 SOL worth $22.46 million from Binance.
MANTRA Partners with DAMAC for $1B Asset Tokenization Deal
MANTRA partners with DAMAC for a $1B asset tokenization deal. It expands blockchain technology in real estate and investment opportunities.
MANTRA, a blockchain platform designed for tokenizing real-world assets (RWAs), has announced a significant partnership with DAMAC Group. DAMAC has agreed to the tokenizing of assets from its extensive portfolio throughout the Middle East for a US$1 billion agreement. The partnership is a significant step to realizing MANTRA’s mission to change the way real-world assets are managed and financed using blockchain technology.
MANTRA partners with DAMAC for a $1B asset tokenization deal. It expands blockchain technology in real estate and investment opportunities.
MANTRA, a blockchain platform designed for tokenizing real-world assets (RWAs), has announced a significant partnership with DAMAC Group. DAMAC has agreed to the tokenizing of assets from its extensive portfolio throughout the Middle East for a US$1 billion agreement. The partnership is a significant step to realizing MANTRA’s mission to change the way real-world assets are managed and financed using blockchain technology.
USDT0 Is Now Live on Carbon DeFi: A New Era of Stablecoin Trading Begins
Key Takeaways:
USDT0 is now trading on Carbon DeFi, built on the Sei Network.Traders can also use custom strategies with zero fees, zero slippage, and full MEV protection.USDT0 delivers cross-chain stability and speed via the OFT standard of LayerZero.USDT0 – The Omnichain Version of Tether – the omnichain version of the world’s most popular stablecoin – is now live on Carbon DeFi, built on the Sei Network. The integration combines unmatched liquidity with lightning-fast execution and smart trading strategies—all powered by trusted, widely-used stablecoins, bringing new opportunities to earn for all stablecoin DeFi users.
What Makes USDT0 Unique?The decentralized stablecoin USDT0 does not rely on wrapping or bridging and is based on LayerZero’s Omnichain Fungible Token (OFT) standard. It is 1:1 backed with USDT always and supports frictionless cross-chain transfer, eliminating the lag and risk of conventional bridge.
A user sending USDT0 from Ethereum to Sei, specifically, will not have to wait for bridge confirmations, or depend on centralized validators. The eliminates the risks and delays associated with traditional bridging methods, making cross-chain transactions smoother and more efficient. Speed and reliability are particularly critical for traders who wish to transfer capital across chains in quickly shifting markets.
Key Takeaways:
USDT0 is now trading on Carbon DeFi, built on the Sei Network.Traders can also use custom strategies with zero fees, zero slippage, and full MEV protection.USDT0 delivers cross-chain stability and speed via the OFT standard of LayerZero.USDT0 – The Omnichain Version of Tether – the omnichain version of the world’s most popular stablecoin – is now live on Carbon DeFi, built on the Sei Network. The integration combines unmatched liquidity with lightning-fast execution and smart trading strategies—all powered by trusted, widely-used stablecoins, bringing new opportunities to earn for all stablecoin DeFi users.
What Makes USDT0 Unique?The decentralized stablecoin USDT0 does not rely on wrapping or bridging and is based on LayerZero’s Omnichain Fungible Token (OFT) standard. It is 1:1 backed with USDT always and supports frictionless cross-chain transfer, eliminating the lag and risk of conventional bridge.
A user sending USDT0 from Ethereum to Sei, specifically, will not have to wait for bridge confirmations, or depend on centralized validators. The eliminates the risks and delays associated with traditional bridging methods, making cross-chain transactions smoother and more efficient. Speed and reliability are particularly critical for traders who wish to transfer capital across chains in quickly shifting markets.
OKX recommends Earn Mining: Earn $7,700 a day through cloud mining
According to OKX’s analysis and evaluation, Earn Mining’s current computing power contracts can generate daily returns of up to $7,700 or even higher, thanks to energy optimization and improved data center efficiency. The specific level of returns will depend on a variety of factors, including market conditions, the selected computing power package, and strategy configuration.
OKX analysts pointed out that Earn Mining’s computing power leasing model has opened the door to the high-return cloud mining market for ordinary investors.
According to OKX’s analysis and evaluation, Earn Mining’s current computing power contracts can generate daily returns of up to $7,700 or even higher, thanks to energy optimization and improved data center efficiency. The specific level of returns will depend on a variety of factors, including market conditions, the selected computing power package, and strategy configuration.
OKX analysts pointed out that Earn Mining’s computing power leasing model has opened the door to the high-return cloud mining market for ordinary investors.
From ‘Flash Crash’ to All-Time Highs: XRP Analyst Maps Path to Double-Digit Territory
XRP has exhibited a strong upside move this year, surging towards $3 following renewed optimism after the U.S. SEC acknowledged a filing by NYSE Arca for Grayscale’s XRP ETF application.
Notably, XRP, this rally gained momentum after the crypto asset broke past the key $2 resistance, following news of the filing. That said, this sharp rise has sparked optimism among analysts, with some suggesting that the price could soon reach double-digit territory.
XRP has exhibited a strong upside move this year, surging towards $3 following renewed optimism after the U.S. SEC acknowledged a filing by NYSE Arca for Grayscale’s XRP ETF application.
Notably, XRP, this rally gained momentum after the crypto asset broke past the key $2 resistance, following news of the filing. That said, this sharp rise has sparked optimism among analysts, with some suggesting that the price could soon reach double-digit territory.
Moonshot MAGAX (MAGAX) Aims to Redefine Meme Coins With a Reward-Driven Model for the Crypto Market
Over the last few years, meme coins have evolved from internet jokes into legitimate market movers. Tokens like Dogecoin and Shiba Inu proved that community enthusiasm could drive billion-dollar valuations. However, the majority of meme coins still rely heavily on hype cycles without offering lasting utility.
This gap in the market is exactly where Moonshot MAGAX (MAGAX) aims to make its mark. By blending meme coin culture with a structured Meme-to-Earn reward system, Moonshot MAGAX introduces a model designed for long-term engagement and sustainable growth.
Over the last few years, meme coins have evolved from internet jokes into legitimate market movers. Tokens like Dogecoin and Shiba Inu proved that community enthusiasm could drive billion-dollar valuations. However, the majority of meme coins still rely heavily on hype cycles without offering lasting utility.
This gap in the market is exactly where Moonshot MAGAX (MAGAX) aims to make its mark. By blending meme coin culture with a structured Meme-to-Earn reward system, Moonshot MAGAX introduces a model designed for long-term engagement and sustainable growth.
Stablecoin News: Bank of England to Finalize Stablecoin Rules by End of 2026
The Bank of England (BoE) targets late 2026 to finalize stablecoin rules, aligning reserves with US rules to protect financial stability.
The Bank of England (BoE) plans to introduce comprehensive stablecoin regulations now. The new final deadline is set for the end of 2026. This initiative brings the United Kingdom into line with the emerging standards around the world right away. This move will ensure the safe integration of digital currencies into the financial system. The move by the central bank follows growing regulatory pressure on a wide-ranging basis.
The Bank of England (BoE) targets late 2026 to finalize stablecoin rules, aligning reserves with US rules to protect financial stability.
The Bank of England (BoE) plans to introduce comprehensive stablecoin regulations now. The new final deadline is set for the end of 2026. This initiative brings the United Kingdom into line with the emerging standards around the world right away. This move will ensure the safe integration of digital currencies into the financial system. The move by the central bank follows growing regulatory pressure on a wide-ranging basis.
Upbit Hack: Upbit to Resume Crypto Transfers After $37M Solana Hack
Upbit prepares to restore asset transfers after a major Solana hack, assuring full compensation and enhanced security controls.
Upbit will resume digital asset transfers on December 1 after a significant Solana-related hack. The breach resulted in a loss of $37 million, and the exchange was forced to suspend services. Upbit wiped all pre-existing deposit addresses and asked users to create new addresses. This measure is to ensure that further unauthorized transfers are not allowed and to ensure that the safety of the platform is improved.
Upbit prepares to restore asset transfers after a major Solana hack, assuring full compensation and enhanced security controls.
Upbit will resume digital asset transfers on December 1 after a significant Solana-related hack. The breach resulted in a loss of $37 million, and the exchange was forced to suspend services. Upbit wiped all pre-existing deposit addresses and asked users to create new addresses. This measure is to ensure that further unauthorized transfers are not allowed and to ensure that the safety of the platform is improved.
SEC Ends Investigation Into ZCash Foundation, According to Privacy Coin Project Execs
The U.S. Securities and Exchange Commission has formally ended its years-long investigation into the Zcash Foundation and will not recommend any enforcement action against the privacy-focused nonprofit, executives say.
The foundation announced the conclusion of the review in a notice published Wednesday on its website.
The inquiry began in August 2023 after the foundation received an SEC subpoena tied to an internal matter titled “In the Matter of Certain Crypto Asset Offerings (SF-04569).”
The U.S. Securities and Exchange Commission has formally ended its years-long investigation into the Zcash Foundation and will not recommend any enforcement action against the privacy-focused nonprofit, executives say.
The foundation announced the conclusion of the review in a notice published Wednesday on its website.
The inquiry began in August 2023 after the foundation received an SEC subpoena tied to an internal matter titled “In the Matter of Certain Crypto Asset Offerings (SF-04569).”
US Government Seeking To Retry Tornado Cash Developer Roman Storm on Money Laundering and Sanctions-Violation Charges
US authorities are determined to convict Tornado Cash founder Roman Storm on two serious charges following a jury deadlock in his four-week trial last year.
The 12-member jury found Storm guilty of conspiracy to operate unlicensed money transmitting business, but was unable to reach a verdict on the charges for conspiracy to commit money laundering and conspiracy to violate sanctions.
In a letter to U.S. District Court for the Southern District of New York Judge Katherine Polk Failla dated March 9th, federal prosecutors say the government wants a second chance to convict Storm.
US authorities are determined to convict Tornado Cash founder Roman Storm on two serious charges following a jury deadlock in his four-week trial last year.
The 12-member jury found Storm guilty of conspiracy to operate unlicensed money transmitting business, but was unable to reach a verdict on the charges for conspiracy to commit money laundering and conspiracy to violate sanctions.
In a letter to U.S. District Court for the Southern District of New York Judge Katherine Polk Failla dated March 9th, federal prosecutors say the government wants a second chance to convict Storm.
Chainlink Brings Blockchain Data Standard to Amazon AWS Marketplace
Chainlink launches on AWS Marketplace, giving businesses access to blockchain data tools for building secure and scalable enterprise applications.
Chainlink has expanded its reach by launching its blockchain data services on Amazon AWS Marketplace. This action provides millions of developers and businesses with direct access to secure blockchain infrastructure. Additionally, it makes it easier to develop sophisticated blockchain applications with well-known cloud systems by companies.
Chainlink launches on AWS Marketplace, giving businesses access to blockchain data tools for building secure and scalable enterprise applications.
Chainlink has expanded its reach by launching its blockchain data services on Amazon AWS Marketplace. This action provides millions of developers and businesses with direct access to secure blockchain infrastructure. Additionally, it makes it easier to develop sophisticated blockchain applications with well-known cloud systems by companies.
MEXC Referral Code (mexc-3PW8G): Free $20 & Up To 8,000 USDT Sign Up Bonus in 2026
The best MEXC referral code is “mexc-3PW8G”, which you can use to receive a sign-up bonus (up to 8,000 USDT) and a 10% rebate on trading fees. MEXC referral code is a promo code that provides the highest rewards on the crypto exchange.
You can apply the MEXC exchange referral code while creating a new trading account. Simply enter “mexc-3PW8G” in the referral code field during registration to unlock your rewards instantly. In this article, we will explain what the MEXC referral code is, the types of MEXC bonuses you can get, the benefits of using a MEXC referral code, and how to use our MEXC referral code, including a step-by-step guide and the detailed benefits associated with our referral ID.
The best MEXC referral code is “mexc-3PW8G”, which you can use to receive a sign-up bonus (up to 8,000 USDT) and a 10% rebate on trading fees. MEXC referral code is a promo code that provides the highest rewards on the crypto exchange.
You can apply the MEXC exchange referral code while creating a new trading account. Simply enter “mexc-3PW8G” in the referral code field during registration to unlock your rewards instantly. In this article, we will explain what the MEXC referral code is, the types of MEXC bonuses you can get, the benefits of using a MEXC referral code, and how to use our MEXC referral code, including a step-by-step guide and the detailed benefits associated with our referral ID.
Andrew Cuomo Joins OKX’s Board of Directors
Key Takeaways:
Former New York Governor Andrew M. Cuomo joins OKX’s Board of Directors.Since 2023, Cuomo has been advising the exchange on strategy for U.S. regulation.The shift aligns with OKX’s broader institutional finance and tokenization initiatives, as well as its AI-driven blockchain offerings.User Score
8.7
Follow us on Google NewsOKX has strengthened its leadership team by appointing Andrew M. Cuomo to its Board of Directors, formalizing a relationship that began in 2023 when the former New York governor started advising the crypto exchange on U.S. regulatory and institutional strategy. The appointment notably marks OKX’s venture into other asset categories, such as tokens, AI services, and traditional financial markets.
Read More: OKX Unleashes Magnificent 7 X-Perps
Key Takeaways:
Former New York Governor Andrew M. Cuomo joins OKX’s Board of Directors.Since 2023, Cuomo has been advising the exchange on strategy for U.S. regulation.The shift aligns with OKX’s broader institutional finance and tokenization initiatives, as well as its AI-driven blockchain offerings.User Score
8.7
Follow us on Google NewsOKX has strengthened its leadership team by appointing Andrew M. Cuomo to its Board of Directors, formalizing a relationship that began in 2023 when the former New York governor started advising the crypto exchange on U.S. regulatory and institutional strategy. The appointment notably marks OKX’s venture into other asset categories, such as tokens, AI services, and traditional financial markets.
Read More: OKX Unleashes Magnificent 7 X-Perps
🤑 Free ECX for your BTC stash: a three-stage hard fork (but don't get too excited, you degenerate) 🤑
Every single BTC holder gets 1 ECX per BTC at snapshot time. Sounds like free money, right? But here's the kicker: they cut out the Satoshi-era wallets (about 1.1M BTC) from the airdrop. This fork is being pushed by Paul Sztorc (aka Truthcoin) — the same guy who's been shilling Drivechains for ages but couldn't convince the Bitcoin community. So now he's forcing it through a fork. Classic.
▪️ Snapshot for the alpha phase at block 963648 (mid-August) — they'll drop test pECX tokens that'll be burned after beta.
▪️ Real ECX only comes after the beta on September 20 (block 967680) and the final mainnet on October 31 (block 973728).
▪️ The fork doesn't touch your BTC — it just copies your balance onto a new chain. Your Bitcoin stays safe, and you get a free bonus asset. No risk, but don't get too comfy.
▪️ They cut out ~1.1M BTC from the airdrop — those are the early wallets, probably Satoshi and his gang. No ECX for them. Guess they don't need more freebies.
▪️ Mining is SHA-256d, same as Bitcoin, but difficulty starts super low — first blocks will be mined fast and cheap. So expect some early miners to scoop up easy coins.
▪️ Right after mainnet, they'll launch 7 sidechains: Thunder (fast payments), Zside (privacy), Truthcoin (betting), and others. A whole ecosystem of promises.
📊 Airdrop ratio:
📊 Excluded wallets:
📊 Key dates:
🔮Sztorc finally got his way — not through a soft fork like a gentleman, but a hard fork like a bull in a china shop.
@thisoption
Every single BTC holder gets 1 ECX per BTC at snapshot time. Sounds like free money, right? But here's the kicker: they cut out the Satoshi-era wallets (about 1.1M BTC) from the airdrop. This fork is being pushed by Paul Sztorc (aka Truthcoin) — the same guy who's been shilling Drivechains for ages but couldn't convince the Bitcoin community. So now he's forcing it through a fork. Classic.
▪️ Snapshot for the alpha phase at block 963648 (mid-August) — they'll drop test pECX tokens that'll be burned after beta.
▪️ Real ECX only comes after the beta on September 20 (block 967680) and the final mainnet on October 31 (block 973728).
▪️ The fork doesn't touch your BTC — it just copies your balance onto a new chain. Your Bitcoin stays safe, and you get a free bonus asset. No risk, but don't get too comfy.
▪️ They cut out ~1.1M BTC from the airdrop — those are the early wallets, probably Satoshi and his gang. No ECX for them. Guess they don't need more freebies.
▪️ Mining is SHA-256d, same as Bitcoin, but difficulty starts super low — first blocks will be mined fast and cheap. So expect some early miners to scoop up easy coins.
▪️ Right after mainnet, they'll launch 7 sidechains: Thunder (fast payments), Zside (privacy), Truthcoin (betting), and others. A whole ecosystem of promises.
📊 Airdrop ratio:
1:1 ECX/BTC📊 Excluded wallets:
~1.1M BTC (Satoshi-era addresses)📊 Key dates:
Alpha ~Aug, Beta Sep 20, Mainnet Oct 31For BTC holders, this is free cheese with minimal risk — you lose nothing, you get a token. But don't kid yourself: ECX is a competing chain that could siphon off hype and liquidity. If it pumps, you sell ECX for BTC and take profit. If it dumps, you forget it ever existed. The catch? Make sure your BTC is in your own wallet at snapshot time, not on an exchange — otherwise you'll miss the drop. Exchanges might not support it, so DYOR.
🔮
@thisoption
📉 Night of the dump and new highs – morning debrief for the bagholders
So Bitcoin dumped, then pumped to new highs overnight. Surprise, surprise – exactly when the leverage got flushed. Retail got rekt, whales got richer. Same old story, different day. But hey, at least the charts look pretty again.
@thisoption
So Bitcoin dumped, then pumped to new highs overnight. Surprise, surprise – exactly when the leverage got flushed. Retail got rekt, whales got richer. Same old story, different day. But hey, at least the charts look pretty again.
@thisoption
🐋 Abraxas just dumped a $783M short nuke on Hyperliquid — and then hedged with $173M ETH. Classic whale move.
London whale Abraxas Capital just parked a massive $783M short position on Hyperliquid — the biggest short book DeFi has ever seen. But don't let the headlines fool you, boys. They're not just betting the farm on a crash. They pulled $173M in ETH from Binance as a hedge, turning this into a funding rate farm, not a directional bet. Classic whale play: collect from the longs while staying neutral.
▪️ They spread $783M in shorts across ETH ($193.9M), BTC ($175.4M), HYPE ($141.6M), SOL ($65.8M) on Hyperliquid — two wallets doing all the heavy lifting. Because why use ten when two will do?
▪️ Over 4 days, they quietly pulled $173M ETH off Binance — a spot cushion to offset the short perp exposure. Net result: nearly market-neutral. They're not gambling, they're arbitraging.
▪️ The play? Collect funding payments from all you leveraged longs while staying hedged. Abraxas has already banked over $300M in realized profits from this arbitrage game.
▪️ Currently sitting on an $80.8M unrealized loss. That's just the cost of doing business, kid. They're printing funding fees, not betting on direction. The loss is just a tax write-off.
▪️ Just added another $19.5M in shorts in a 2-hour window. Their short book has been bouncing between $500M and $900M since mid-2025; currently at $598M. They're playing the range, not the price.
▪️ The HYPE short ($141.6M) is paired with spot HYPE buys — same neutral harvest, different token. They're farming everything.
📊 Short position:
📊 ETH withdrawn:
📊 Unrealized loss:
📊 Realized profit:
🔮Abraxas isn't predicting a crash — they're selling you insurance and cashing the premium. The real trade is the funding rate, not the direction. You're the mark, they're the house.
@thisoption
London whale Abraxas Capital just parked a massive $783M short position on Hyperliquid — the biggest short book DeFi has ever seen. But don't let the headlines fool you, boys. They're not just betting the farm on a crash. They pulled $173M in ETH from Binance as a hedge, turning this into a funding rate farm, not a directional bet. Classic whale play: collect from the longs while staying neutral.
▪️ They spread $783M in shorts across ETH ($193.9M), BTC ($175.4M), HYPE ($141.6M), SOL ($65.8M) on Hyperliquid — two wallets doing all the heavy lifting. Because why use ten when two will do?
▪️ Over 4 days, they quietly pulled $173M ETH off Binance — a spot cushion to offset the short perp exposure. Net result: nearly market-neutral. They're not gambling, they're arbitraging.
▪️ The play? Collect funding payments from all you leveraged longs while staying hedged. Abraxas has already banked over $300M in realized profits from this arbitrage game.
▪️ Currently sitting on an $80.8M unrealized loss. That's just the cost of doing business, kid. They're printing funding fees, not betting on direction. The loss is just a tax write-off.
▪️ Just added another $19.5M in shorts in a 2-hour window. Their short book has been bouncing between $500M and $900M since mid-2025; currently at $598M. They're playing the range, not the price.
▪️ The HYPE short ($141.6M) is paired with spot HYPE buys — same neutral harvest, different token. They're farming everything.
📊 Short position:
$783M📊 ETH withdrawn:
$173M📊 Unrealized loss:
$80.8M📊 Realized profit:
$300M+If you're long ETH, BTC, HYPE, or SOL on Hyperliquid, congrats — you're paying Abraxas's funding fees. This whale isn't betting on a crash; they're collecting the premium from all you leveraged degens. The short book will grow or shrink based on funding rates, not price. Watch for position changes — they've slashed from $760M to $270M before. Don't say we didn't warn you.
🔮
@thisoption
💸 $250M in long leverage gets rekt as Bitcoin dips to $76k – weekend trap for hopium addicts
Bitcoin's weekend 'dip' just liquidated $250 million in leveraged long positions over 24 hours – $101M of that in just four hours as BTC slid from near $80k to $76,088. The leveraged crowd got absolutely rekt while open interest shrunk and funding rates went flat. Classic weekend trap for the hopium crowd. But hey, maybe this time it's different? Yeah, right.
▪️ BTC dropped 1.8% in 24h, from $80k to $76,088 – but leveraged longs got hit way harder than the move suggests. Almost like the market knew exactly who to target.
▪️ $101M liquidated in four hours alone, 86% of all liquidations that window – longs were the prey. And they fell for it.
▪️ Open interest dropped 2.65% to $54.54B – leverage is fleeing, not reloading. Smart money is sitting out.
▪️ Funding rates near 0.01% – no premium for longs, meaning no one was desperate to go long. The hopium was already stale.
▪️ Binance handled $65M in liquidations; the largest single hit was an $11.72M ETHUSDT long. Ouch.
▪️ Long-short ratio at 0.9238 – more traders betting against the pump than riding it. The crowd is split, but the shorts have the edge.
📊 Long liquidations 24h:
📊 Total liquidations 24h:
📊 BTC bottom:
📊 OI drop:
🔮Weekend flush clears the weak hands – but Monday's ETF flows will tell if this was a dip to buy or a bounce to sell. Don't get your hopes up.
@thisoption
Bitcoin's weekend 'dip' just liquidated $250 million in leveraged long positions over 24 hours – $101M of that in just four hours as BTC slid from near $80k to $76,088. The leveraged crowd got absolutely rekt while open interest shrunk and funding rates went flat. Classic weekend trap for the hopium crowd. But hey, maybe this time it's different? Yeah, right.
▪️ BTC dropped 1.8% in 24h, from $80k to $76,088 – but leveraged longs got hit way harder than the move suggests. Almost like the market knew exactly who to target.
▪️ $101M liquidated in four hours alone, 86% of all liquidations that window – longs were the prey. And they fell for it.
▪️ Open interest dropped 2.65% to $54.54B – leverage is fleeing, not reloading. Smart money is sitting out.
▪️ Funding rates near 0.01% – no premium for longs, meaning no one was desperate to go long. The hopium was already stale.
▪️ Binance handled $65M in liquidations; the largest single hit was an $11.72M ETHUSDT long. Ouch.
▪️ Long-short ratio at 0.9238 – more traders betting against the pump than riding it. The crowd is split, but the shorts have the edge.
📊 Long liquidations 24h:
$250.57M📊 Total liquidations 24h:
$339.73M📊 BTC bottom:
$76,088📊 OI drop:
-2.65%This flush is a classic weekend trap – no spot support, thin order books, and a market that was way too long. The funding rate was already near zero, meaning the long bias was exhausted. Now open interest is down, leverage is reset. But don't be a dumbass and think it's safe to go long again – the ETF bid is off until Monday, and if it doesn't come back strong, BTC could test $75k. Shorts might be tempted, but remember the earlier squeeze that wiped out $3B in shorts. This market is bipolar as fuck. Best to sit on your hands and wait for Monday's ETF flows to decide the next move.
🔮
@thisoption