On the broad and grim stage of Binance, where fortunes are traded as swiftly as bread in a hungry town, users shuffled forth and hurled $1.65 billion in stablecoins into the depths of the digital abyss. Such a torrent! One might think a revolution was brewing, but no – only the eternal hope of a rebound after the recent market collapse, like peasants burying their roubles and praying for rain. 😂
But as the crowd funneled their coins in, nearly $1 billion in Ether (ETH) slipped away, cast out into the ether (pun intended, and not a particularly good one). CryptoQuant, playing the role of town crier, declared this the second time in just a single month that net stablecoin deposits soared past $1.5 billion – as if a new wave of money had decided to declare war on boredom and pessimism. “Capital has entered the spot market,” mumbled Amr Taha, probably while checking for loose change under the digital mattress.
Binance – the behemoth, the iron factory of value – continues to be scrutinized by those desperate to divine the future in its shadow. Its Tuesday: $29.5 billion in trades, a number so large and pointless it could make a czar weep and a peasant laugh. Bybit, trailing like the younger brother who only ever gets blamed. CoinMarketCap, keeping score, but also losing sleep at night.
Stablecoins are the lifeblood here, funding traders with dreams as fragile as glass – their movement on to the exchanges a sure sign someone, somewhere, is itching for action. 💸
All this fury landed on a Tuesday, the kind of day when Bitcoin (BTC) and Ether (ETH) gave back their Friday trinkets, themselves won from Jerome Powell’s soothing talk about future rate cuts – the sort of thing that gets old men in hats riled up and young speculators reaching for more coffee.
The real fun began on the weekend, when a whale – yes, a whale, not a fish – dumped 24,000 BTC, sending the faithful scurrying and the price straight into the abyss. Bitcoin dipped below $109,000, TradingView reports, though you’d have an easier time finding a truthful politician than anyone who soldiered through without losing sleep. 🐳😱
The Great Bitcoin-M2 Divorce: Who Got the House?
Here’s a twist worthy of a Moscow novella: Bitcoin saw its sharpest stray in two years from its close dance with M2 – that mystical measure of money sloshing about the globe. Since the pandemic, Bitcoin’s price usually follows M2 a few steps behind, an obedient shadow. Traders, braced for this reliable guide, now stare blankly as the shadow bolts for the woods.
Raoul Pal of Real Vision – an oracle, if such things exist outside bars at midnight – says the real story is a longer tale: Bitcoin’s heart beats in time with total global liquidity, not M2 alone. Liquidity! The mysterious wind that blows great empires off cliffs and fills pockets with dreams. 🌪️
Meanwhile, another crack in the crypto-windshield: US spot ETFs bleeding money with $1 billion in outflows last week. CoinShares, keeper of the ledger, likely scoffed – until, perhaps, Monday, when net inflows finally broke the curse after six grim sessions. A silver lining? Perhaps just aluminum in disguise. 😏🥈
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2025-08-27 00:52