Selig, with that tone of a man who’s seen enough to know it’s never quite as simple as it looks, proclaimed this shift not as a mere policy tweak but as a “strategic repositioning”-fancy words, yes, but perhaps a sign that the long and tangled saga of crypto regulation is finally getting its act together, or at least trying to.
“Retail investors expecting a rising tide to lift all boats will be disappointed,” Ko told CryptoMoon. “We predict no traditional altseason; instead, liquidity will be ruthlessly selective, flowing only to blue-chip survivors with real adoption.” Let’s be honest, that’s just a fancy way of saying “only the cool kids get invited to the party.” 🎉
Mr. Wall Street, in his exhaustive dissection of technical and psychological intricacies, elucidated that his broader perspective on Bitcoin had crystallized a week prior, dispelling any ambiguity surrounding his mid and long-term stance. With these temporal horizons now impeccably defined, he turned his gaze to the short-term tableau, delineating the prevailing market behavior with the precision of a seasoned cartographer.
Funding rates, those sly little serpents, have slithered from 0.04% to 0.09%, a feverish dance of longs and shorts playing Russian roulette with leverage. Glassnode, ever the grim reaper in a suit, declares: “Behold, the longs are back, like vultures circling a dying bull.” Perpetuals, those immortal contracts, now hum with the tension of a thousand unspoken prayers: Please, just don’t crash before Christmas.
Meanwhile, Bitcoin, that most mercurial of digital phantoms, has chosen to remain in the shadows, its light dimmed by the brilliance of gold, as if the very cosmos conspired to remind us that not all treasures gleam equally. 🐍
Several on-chain and market-structure indicators now point in the same direction. None of these signals confirms a full bear market on their own. Together, however, they suggest rising downside risk and weakening support, like a magician’s trick gone wrong. 🎩💥
Ah, the fickle nature of markets! The CME, once the grand maestro of bitcoin futures open interest (OI), has been dethroned by Binance, that enfant terrible of the crypto world. According to the ever-watchful CoinGlass, Binance now holds the scepter with 125,000 BTC ($11.2 billion), while CME languishes with a mere 123,000 BTC ($11 billion). A difference of 2,000 BTC, you say? In this game of thrones, it’s enough to crown a new king. 🦁👑
But lo! The funds are not spent on BTC, but on… gasp… cash reserves. How pedestrian! 🤭 A curious choice for a company that once bought Bitcoin with the fervor of a poet chasing muse.
Ah, the sweet irony! While others freeze their hands or begin to shed assets when prices dip, our brave souls at BitMine continue piling up ETH, perhaps in a desperate pursuit of some elusive, mythical 5% of the supply. Last week, ETH tumbled from $3,170 to below $2,800-nature’s way of reminding everyone that fortunes can turn as swiftly as a gambler’s luck.
In the meantime, Bitcoin (BTC) has strutted its stuff and surged to a staggering $90,000! Meanwhile, the cumulative market cap of all cryptos known to CoinGecko has inflated by a modest 2% to a staggering $3.12 billion-nothing to sneeze at, I assure you. Tokens like Audiera, Terra, Monad, and Midnight are basking in newfound glory beside the crypto campfire.
