✅Legendary trader calls defi bullish, claims ethereum could soon rally
If Bitcoin begins seeing an independent rally that comes at the expense of altcoins or plunges lower and creates headwinds for the aggregated market, it could slow the growth seen by the “blue-chip” tokens residing within the DeFi sector.
These tokens have seen massive momentum recently, with many posting gains of 100% or more over the past two weeks.
“DeFi looks pretty neutral to bullish and I think ETH looks primed for a 471 resistance tap. Added to longs. Will add more on 471 break and hold as well.”
Where Ethereum trends next may depend somewhat on Bitcoin, but there’s a chance that the mounting strength seen by DeFi tokens will help send ETH rocketing higher.
https://bitcoinist.com/legendary-trader-calls-defi-bullish-claims-ethereum-could-soon-rally/
If Bitcoin begins seeing an independent rally that comes at the expense of altcoins or plunges lower and creates headwinds for the aggregated market, it could slow the growth seen by the “blue-chip” tokens residing within the DeFi sector.
These tokens have seen massive momentum recently, with many posting gains of 100% or more over the past two weeks.
“DeFi looks pretty neutral to bullish and I think ETH looks primed for a 471 resistance tap. Added to longs. Will add more on 471 break and hold as well.”
Where Ethereum trends next may depend somewhat on Bitcoin, but there’s a chance that the mounting strength seen by DeFi tokens will help send ETH rocketing higher.
https://bitcoinist.com/legendary-trader-calls-defi-bullish-claims-ethereum-could-soon-rally/
PoloniDEX is the top Decentralized Exchange! Surpassing Uni volume by billions 😂
https://twitter.com/FrankResearcher/status/1328432239835820033
https://twitter.com/FrankResearcher/status/1328432239835820033
Twitter
Frank Topbottom
Right now @Coingecko estimates DEX daily trading volume at $9.5 billion. 91% of this volume ($8.6 bln) was traded in LIVE/TRX pair on PoloniDEX, which is enough to pay 86 cents to each of Tron’s 10 billion users
Today the Tether treasury has issued $320 mln USDT.
https://news.1rj.ru/str/whale_alert_io/16885
https://news.1rj.ru/str/whale_alert_io/16888
https://news.1rj.ru/str/whale_alert_io/16885
https://news.1rj.ru/str/whale_alert_io/16888
Telegram
Whale Alert
200,000 #LINK (2,802,921 USD) transferred from unknown wallet to unknown wallet
Details
Details
Global search volume for Bitcoin appears higher than in 2017
According to data collected by Brad Michelson, a senior marketing manager at major trading and investment platform eToro, monthly global volume for Bitcoin searches in December 2017 bull run was lower than in November 2020.
Citing data from SEO data provider SEMrush, Michelson said that Bitcoin-related global monthly search volumes in November 2020 accounted for 8.9 million. This is 356% more than BTC search volumes recorded back in December 2017, which amounted to 2.5 million, according to Michelson’s data.
Michelson pointed out a huge discrepancy between SEMrush’s data and Google Trends, a popular tool for analyzing the popularity of top search queries in Google:
“An interesting thing that Google Trends data hasn’t shown is that the monthly global volume for Bitcoin in Dec. 2017 was actually lower than what we’re seeing in Nov 2020.”
https://cointelegraph.com/news/global-search-volume-for-bitcoin-appears-higher-than-in-2017
According to data collected by Brad Michelson, a senior marketing manager at major trading and investment platform eToro, monthly global volume for Bitcoin searches in December 2017 bull run was lower than in November 2020.
Citing data from SEO data provider SEMrush, Michelson said that Bitcoin-related global monthly search volumes in November 2020 accounted for 8.9 million. This is 356% more than BTC search volumes recorded back in December 2017, which amounted to 2.5 million, according to Michelson’s data.
Michelson pointed out a huge discrepancy between SEMrush’s data and Google Trends, a popular tool for analyzing the popularity of top search queries in Google:
“An interesting thing that Google Trends data hasn’t shown is that the monthly global volume for Bitcoin in Dec. 2017 was actually lower than what we’re seeing in Nov 2020.”
https://cointelegraph.com/news/global-search-volume-for-bitcoin-appears-higher-than-in-2017
Deutsche bank: investors increasingly choose bitcoin over gold to hedge dollar risk, inflation
Deutsche Bank’s strategist Jim Reid reportedly wrote that investors are increasingly demanding to use bitcoin instead of gold to hedge dollar risk and inflation. His research concurs with one recently published by JPMorgan’s analysts that shows institutional investors moving from gold to bitcoin.
"There also seems to be an increasing demand to use bitcoin where gold used to be used to hedge dollar risk, inflation and other things."
https://news.bitcoin.com/deutsche-bank-bitcoin-over-gold-hedge-dollar-risk-inflation/
Deutsche Bank’s strategist Jim Reid reportedly wrote that investors are increasingly demanding to use bitcoin instead of gold to hedge dollar risk and inflation. His research concurs with one recently published by JPMorgan’s analysts that shows institutional investors moving from gold to bitcoin.
"There also seems to be an increasing demand to use bitcoin where gold used to be used to hedge dollar risk, inflation and other things."
https://news.bitcoin.com/deutsche-bank-bitcoin-over-gold-hedge-dollar-risk-inflation/
Another farm hacked. Pickle finance has been exploited by means of a flash-loan for at least 19 mln $.
https://twitter.com/sawinyh/status/1330231595886899203?s=19
https://twitter.com/sawinyh/status/1330231595886899203?s=19
Twitter
Nick Sawinyh
⚠️ Breaking: @picklefinance exploited for $19m ⚠️ TX: https://t.co/Sssg8V70AW h/t @mattybchats It's a developing situation, I'll post more updates in this thread.
🎲 Kira Network has announced its public sale. It will start place on 25th of November at 3 pm UTC and will conclude in 24 hours or once the hard cap is reached.
Open price - $3.00
Min. price - $0.075
Amount of tokens for sale – 4 000 000 KEX.
Keep in mind that the private sale participants got their tokens @ $0.05 and will receive 10% after the conclusion of the auction.
This means that if the auction price settles at $0.5, private will already be at 10x and the dump will be imminent.
https://medium.com/kira-core/liquidity-auction-7c532d67a97
Open price - $3.00
Min. price - $0.075
Amount of tokens for sale – 4 000 000 KEX.
Keep in mind that the private sale participants got their tokens @ $0.05 and will receive 10% after the conclusion of the auction.
This means that if the auction price settles at $0.5, private will already be at 10x and the dump will be imminent.
https://medium.com/kira-core/liquidity-auction-7c532d67a97
Medium
Liquidity Auction
KIRA Network — Public Round
BTC, ETH, LTC and... BCH 🤔 already available on PayPal.
https://twitter.com/i/status/1318930120523087873
https://twitter.com/i/status/1318930120523087873
Twitter
PayPal
Today, we are announcing the launch of a new service that will enable customers to buy, hold and sell #Cryptocurrency directly from their PayPal account. https://t.co/QS6JRmG9hs https://t.co/uHBatfZkbF
A really great tweetstorm on Miners Extractable Value (MEV):
https://twitter.com/FrankResearcher/status/1311350156219101185?s=19
https://twitter.com/FrankResearcher/status/1311350156219101185?s=19
Twitter
Frank Topbottom
1/11 Okay, MEV is coming MEV is a consequence of the fact that miners (pool operators) have the right to choose the tx order in a block. They can be the first to: - execute arbitrage - get access to token offerings - perform liquidation Plus, they may not…
Bullrun is officially here -
https://www.coindesk.com/nft-painting-of-buterin-in-harlequin-garb-sets-record-in-weekend-crypto-art-sale
https://www.coindesk.com/nft-painting-of-buterin-in-harlequin-garb-sets-record-in-weekend-crypto-art-sale
CoinDesk
NFT Painting of Buterin in Harlequin Garb Sets Record in Weekend Crypto Art Sale - CoinDesk
"EthBoy," created by Trevor Jones and Alotta Money sold for 260 ETH, setting records for the highest dollar value of a cryptographic painting.
Coinbase in Top100 apps on Apple Store - fresh degens incoming 🤠
https://twitter.com/TheBlock__/status/1331255851890454530?s=19
https://twitter.com/TheBlock__/status/1331255851890454530?s=19
Twitter
The Block
Coinbase cracks into the top 100 free apps on Apple's store https://t.co/LeehIEcja3
❗️Ethereum long-term Price Analysis
Market Indicators suggested the Ether’s value is possibly reaching a point of correction, which will be exhibited eventually. Relative Strength Index or RSI is currently at an overbought zone and Awesome Oscillator or AO suggested high bullish momentum. While a pullback will take place, other important factors will keep the rally bullish.
As reported, Ethereum 2.0 deposit contracts have been filled on time, for ETH 2.0 launch on the 1st of December. More than 200k ETH were deposited within 14 hours to complete the quota, which suggests that users were backing Ethereum.
⚔️Important Range
Resistance: $830, $700(Psychological)
Support: $540, $480, $400
Entry Position for Long Trade: $540
Stop Loss: $480
Take Profit: $830
Risk/Reward Ratio: 4.83x
While a minor drop may take place in the charts, before the end of 2020, Ethereum could possibly attain its next resistance level at $830.
https://eng.ambcrypto.com/ethereum-long-term-price-analysis-24-november/
Market Indicators suggested the Ether’s value is possibly reaching a point of correction, which will be exhibited eventually. Relative Strength Index or RSI is currently at an overbought zone and Awesome Oscillator or AO suggested high bullish momentum. While a pullback will take place, other important factors will keep the rally bullish.
As reported, Ethereum 2.0 deposit contracts have been filled on time, for ETH 2.0 launch on the 1st of December. More than 200k ETH were deposited within 14 hours to complete the quota, which suggests that users were backing Ethereum.
⚔️Important Range
Resistance: $830, $700(Psychological)
Support: $540, $480, $400
Entry Position for Long Trade: $540
Stop Loss: $480
Take Profit: $830
Risk/Reward Ratio: 4.83x
While a minor drop may take place in the charts, before the end of 2020, Ethereum could possibly attain its next resistance level at $830.
https://eng.ambcrypto.com/ethereum-long-term-price-analysis-24-november/
“The Elliott wave theory is based on the idea that there’s five waves in a primary trend, three [up]trends and two intervening corrections,” said Todd Gordon, founder of TradingAnalysis.com
Seeing as the first wave was a roughly 658% rally, Gordon’s target was a lofty one.
“I can’t believe I’m going to go out on CNBC and say this, but it’s about 74,000,” he said. “The Elliott wave goes very well with … Fibonacci multiples. If it does want to fall short, it can go to 61% of that target, which is only at 34,000.“
https://www.cnbc.com/2020/11/24/bitcoins-on-track-to-74000-trader-says-as-crypto-nears-records.html
Seeing as the first wave was a roughly 658% rally, Gordon’s target was a lofty one.
“I can’t believe I’m going to go out on CNBC and say this, but it’s about 74,000,” he said. “The Elliott wave goes very well with … Fibonacci multiples. If it does want to fall short, it can go to 61% of that target, which is only at 34,000.“
https://www.cnbc.com/2020/11/24/bitcoins-on-track-to-74000-trader-says-as-crypto-nears-records.html
✅OKEx Resumes Withdrawals 5 Weeks After Freeze
On Oct. 16, OKEx had been forced to suspend all account withdrawals when an unnamed holder of the keys to the cryptocurrency assets was detained by police to apparently assist an investigation.
https://www.coindesk.com/okex-resumes-withdrawals-5-weeks-after-freeze
On Oct. 16, OKEx had been forced to suspend all account withdrawals when an unnamed holder of the keys to the cryptocurrency assets was detained by police to apparently assist an investigation.
https://www.coindesk.com/okex-resumes-withdrawals-5-weeks-after-freeze
📈Ethereum transaction fees skyrocket as price collapses
Ethereum fees jumped above $7 as ETH price went down.
The increased network activity may cause a sudden spike in fees as many traders rush to the close positions amid the sell-off.
https://www.fxstreet.com/cryptocurrencies/news/ethereum-transaction-fees-skyrocket-as-price-collapses-202011261511
Ethereum fees jumped above $7 as ETH price went down.
The increased network activity may cause a sudden spike in fees as many traders rush to the close positions amid the sell-off.
https://www.fxstreet.com/cryptocurrencies/news/ethereum-transaction-fees-skyrocket-as-price-collapses-202011261511
💰$425 million worth of bitcoin futures liquidated on binance as btc tanked
Glassnode node analytics firm has reported that two major long BTC futures liquidations took place at that time with a difference in several hours.
Hourly liquidations of long positions on Bitcoin futures were recorded: worth $262 million at 3:00 a.m. UTC and $163 million at 8:00 a.m. UTC.
https://u.today/425-million-worth-of-bitcoin-futures-liquidated-on-binance-as-btc-tanked
Glassnode node analytics firm has reported that two major long BTC futures liquidations took place at that time with a difference in several hours.
Hourly liquidations of long positions on Bitcoin futures were recorded: worth $262 million at 3:00 a.m. UTC and $163 million at 8:00 a.m. UTC.
https://u.today/425-million-worth-of-bitcoin-futures-liquidated-on-binance-as-btc-tanked
90 mln$ loans were liquidated on Compound, including the largest liquidity provider that took a 47 mln $ hit.
Looks like this was caused by a malicious actor manipulating Coinbase's Dai price oracle which is used by Compound Finance.
https://twitter.com/Arthur_0x/status/1331915170877042690
Looks like this was caused by a malicious actor manipulating Coinbase's Dai price oracle which is used by Compound Finance.
https://twitter.com/Arthur_0x/status/1331915170877042690
Twitter
Arthur
Close to $90m of loans were liquidated on @compoundfinance over the last 24hrs, with bulk of it DAI likely due to oracle issue as Coinbase DAI/USDC spiked to $1.3 momentarily, also the pair where yield farming is concentrated. Liquidation was relatively minimal…
📊$1.3 Billion in Bitcoin Options Set to Expire Today
Nearly 80,000 Bitcoin options contracts are set to expire today.
This could lead to an increase in the volatility of Bitcoin's price.
“I would say that for institutional investors, one will have to track volume growth on CME. Deribit will mostly be crypto hedge funds and retail investors,” Bobby Ong, COO of crypto analytics platform CoinGecko, told Decrypt.
https://decrypt.co/49763/1-3-billion-in-bitcoin-options-set-to-expire-today
Nearly 80,000 Bitcoin options contracts are set to expire today.
This could lead to an increase in the volatility of Bitcoin's price.
“I would say that for institutional investors, one will have to track volume growth on CME. Deribit will mostly be crypto hedge funds and retail investors,” Bobby Ong, COO of crypto analytics platform CoinGecko, told Decrypt.
https://decrypt.co/49763/1-3-billion-in-bitcoin-options-set-to-expire-today