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The leading digital currency, Ethereum, suffered a significant blow with approximately $233.71 million worth of positions being wiped out, with around $200.79 million being long bets. Bitcoin, in second place, had liquidations amounting to $134.40 million, primarily consisting of $125.45 million in long positions. These two prominent cryptocurrencies accounted for nearly 60% of the total market’s liquidations combined.

While Bitcoin stumbles like a knight with a broken lance, TRON continues its daring march, making headlines while others pack their bags. In a twist worthy of a tale by the great Tolstoy, TRX’s valor is rooted in the strange symphony of market forces—its dance partner being Ethereum, which seems to have the grace of a Russian noblewoman, outpacing Bitcoin’s more clumsy steps.

Did he speak of looming apocalyptic tides on some digital Babel tower? Certainly. Hayes, our soothsayer in a digital age, warns that the expiration of the US tariff bill is mere steps toward chaos. As if markets heed his warning and do a cautious shuffle—“Ah,” he muses, “the market’s just waiting for the NFP print to confirm our collective doom or fortune.” No economy spins enough credit fast enough—no surprise, the world’s printers are on strike—so Bitcoin and Ethereum might be the last bastions of salvation, or perhaps humor, in this mad parade. 🤡

BNB: The Overachiever With a Trust Fund

Bonk (BONK) is now trading lower than my self-esteem after reading internet comments, at just below $0.000026. Down 8% in a day, 27% in a week. Volumes? $570 million. That’s a lot of people panic-selling and/or YOLOing in the same breath. Everyone’s staring at this cartoonishly important support; apparently, what happens here could shape BONK’s next personality arc.

This ballet of descent, you ask? Well, let us delve into the possible choreographers of this dramatic performance, ranging from the grand gestures of global economic uncertainty to the subtle steps of substantial ETH withdrawals.

Behold, the digital gold rush hath birthed a new breed of madcap alchemists—Bitdeer, with a gleam in their corporate eye, hath added 38 BTC to their vault, now clutching a grand total of 1,675.9 BTC like a dragon guarding its hoard. 🐉 Is this the height of wisdom or the nadir of madness? One might … Read more

Meanwhile, the volume of trades is more uneven than a toddler’s lunch, and the big sharks in the pool are replotting their next move. Ethereum now lounges around $3,500—a nearly 9% plummet in a week—making everyone wonder: Should we panic, buy the dip, or wait for the ‘big reveal’? 🎢🤔

Mr. Lee, a Managing Partner at FSInsight – a name that sounds suspiciously like a clandestine organization – has expounded, at length on X (a platform best left to pronouncements of questionable wisdom), why these institutions are positively flocking to Ethereum. It currently trades around $3,600, a pittance, naturally, given its ‘implied value.’ A matter of ratios, you understand. So dreadfully boring.

Dogecoin [DOGE], that eternal jester of the crypto court, faced rejection at $0.285, a level it once claimed as its throne in February. Now, it kneels before the same tyrant.