In the past 24 hours, 22.52 million MATICs have been transferred out of the Robinhood platform addresses controlled by Jump, of which 19.22 million have been transferred to a CEX (Cryptocurrency Exchanges).

Also, TUSD announced 2 hours ago: "Minting of TUSD via Prime Trust has been suspended pending further notice."

At present, TUSD already has a negative premium of 0.4%.

The real big moves only happen a few times in a year (Lead by Strong Moves/Candles) , while otherwise the market stays within a range or in low volatility. That's why it's very hard to time every move, as a wise a bird once said the reason is volatility. You can't capture every few big moves in a year, but you can always capitalize on opportunities.

Logical reasoning, BTC typically moves below or above 10% volatility approximately 5 to 10 times on average per year. On the remaining days, it tends to exhibit volatility below 10% or remains within price ranges.

The frequency of volatility moves above 100 is very low, typically occurring only a few times in a year. (the rest is price range)

With BTC staying within a range for over a month. there may be an imminent explosion in one direction soon, as it repeatedly hits the low volatility band.

Sectors Move; (7d) (1m) (1y)

The Most Important Events Next Week:

CPI: Estimated to be 4.1% YoY on the 13th.

FOMC Statement: Fed Rate decision on the 14th, Tuesday.

XRP Lawsuit: documents become public on the 13th, providing insights into which cryptos are not considered securities.

Ether fi Launches NFTs Backed By Staked ETH.

APTOS: $27 million worth of tokens unlocked by the 11th.

BLUR: Unlocking from 500 million to 700 million supply on the 14th.

GMX v2 on testnet, rumored to launch by the end of June.

YFI launching yETH + yYFI revenue share.

SNX v3 on alpha testnet.

Level__Finance on Arbitrum.

LTC halving.

vela_exchange launch on the 26th.

UniDexFinance crosschange aggregator launching.

Specifically regarding $GMX:

Arthur Hayes has added positions after a 9-month interval:

Between March 3rd and September 7th last year, he accumulated a total of 200,000 GMX at an average price of $44.5.

His GMX holdings have been pledged and not sold.

With the current decline in the GMX price nearing his cost basis, he has started buying. Yesterday and today, he bought a total of 2,327 GMX at an average price of $45.

debank?

Unblurring the $Blur Unlocks. (free/ofc)

https://marketsalpha.substack.com/p/unblurring-the-blur-token-unlocks

THE REAL BLURR

It became the top loser _

Michael Egorov (Curve Founder) deposited 38 million CRV tokens worth $24 million — into Aave to mitigate liquidation risk.

https://debank.com/profile/0x7a16ff8270133f063aab6c9977183d9e72835428

An interesting whale, which has been buying $DYDX and $BLUR, added another position 3 hours ago.

transferred 818,000 $USDC and received 300,000 DYDX and 1 million $BLUR.

This address has accumulated purchases since March 7, 2023:

3.9 million $DYDX (average price $2.48) with the current floating loss at 37% ($3.6M).
13.5 million $BLUR (average price $0.61) with the current floating loss at 47% ($3.87M).

The whale also bought $BLUR OTC from Amber/Dragonfly OTC at a buy cost of $0.61 on March 7, 2023.

Note: $BLUR will be unlocking 6.4% of its token supply by June 14th. This allocation will be distributed to investors and the team.

verify?

freshly minted $USDT tether is on it's way to Binance, 750m so far..

verify

The S&P 500 just met the popular definition of a "bull market" (the 20% up rule), and retail investors are chasing the rally.

The market is trading above all Wall Street's 2023 estimates. Additionally, Goldman Sachs has revised their year-end target for the S&P 500, raising it to 4500 from 4000.

U.S. recession probability dropped to 25% down from earlier projection of 35% via Goldman Sachs

Whereas BTC is down by -0.44%, decoupling from equities.

repost: ref

AAII most net bullish since November 2021: