Cryptonews

Yet, do not despair entirely. Like a forlorn goose wandering into spring, there remains a whisper of hope that Pippin may regain some composure.

Currently, Bitcoin is dancing around the mid-$60,000 range, and on-chain indicators are suggesting that short-term holders are still pushing the market structure down with their collective selling pressure. For those not intimately familiar with these terms, think of them as the folks who bought Bitcoin at its very peak and are now, well, not exactly winning at life.

Below the illustrious $1.4 mark, our dear XRP flounders like a goose in a snowstorm, yet amidst this gloomy descent, an extraordinary accumulation of liquidity amasses-an invisible horde of coins waiting for a spectacle. One might almost hear them whisper, “Buy us, oh trembling mortals, buy us before we vanish!”

Not to be outdone in cosmic prognostication, Brian Armstrong, CEO, co-founder, and chairman of Coinbase, chimed in with the same dreadful prophecy. According to him, the reason is deliciously simple: AI agents cannot open bank accounts, but crypto wallets? Oh, they own them like proud cats lounging atop a stack of yarn balls.

According to sources breathlessly reporting, Anthropic filed two lawsuits on March 9, daring to suggest that the Pentagon’s designation of the company as a “supply chain risk to national security” is less about espionage and more about bruised egos. The suits target a policy typically reserved for foreign adversaries, now repurposed to scold a domestic tech firm like a schoolboy caught doodling in the margins of the Constitution.

Instead of paying their clerks in royal ringles, Capital B politely raised
capital through an At-the-Market flash deal with TOBAM, issuing 200,000 fresh
shares at a teeny €0.60 each. The proceeds? Wrapped in digital steel and
stored in a vault that’s really just a fancy hashtag on the blockchain.

According to the latest dissection by Axel Adler Jr., a man whose name sounds as if it were plucked from a 19th-century novel, the Short-Term Holder Spent Output Profit Ratio (STH SOPR)-a metric as unwieldy as it is revealing-has remained stubbornly below the neutral level of 1.0 for seven of the last eight days between March 2 and March 9. This, dear reader, is the numerical equivalent of a sigh, a collective admission of defeat by those who dared to dream of quick riches.

Notably, this is the biggest move Strategy has made since January, when it scooped up 22,305 BTC for a cool $2.13 billion, at a price of $95,284 per coin. While the size of the purchase is impressive, what’s truly remarkable is the price-one that is far below their average acquisition cost. A move that would make even the most seasoned investor squirm in discomfort. But Strategy has done just that, buying when Bitcoin was below its usual cost basis-something they had studiously avoided during the 2022-2023 slump. Back then, they only managed a few minor buys, totaling 28,560 BTC. I suppose one could say they were taking a “wait and see” approach-until now.

And what of the stablecoin U, this “United Stables” of the digital realm? It prances onto the stage once more, its hooves clattering against the marble floors of Binance Spot. New trading pairs shall be unveiled, like sacrificial offerings to the gods of volatility: BCH/U, NEAR/U, TRX/U, and the enigmatic NEAR/USD1. The Trading Bots, those tireless servants of the algorithm, shall bow in unison on the same sacred day.

After the weekend’s dramatic pullback, the Bitcoin market is doing the cha-cha-one step forward, two steps back. Darkfost, a wizard of the crypto world and a verified author at CryptoQuant, spilled the beans on the X platform: roughly one in two investors is now underwater. That’s right, folks! Their Unspent Transaction Outputs (UTXOs) are as red as a witch’s nose on a frosty morning.