🤬💸 CoinGlass: Almost $600 million liquidated in the last hour and $1.1 billion liquidated in the last 24 hours
🕵️♂️🐳 Bitcoin OG (10/11) transferred 20m #USDC to Hyperliquid and opening long positions in #ETH and #BTC with 3x leverage.
📊👀 #BTC Glassnode Report: Overall, the market remains fragile as stabilized technical momentum contrasts with weakening capital inflows and declining profitability. #ETF outflows and slowing institutional demand point to a lack of sustained liquidity support, while profit and loss momentum continues to weaken.
Accumulation on the blockchain is persistent but not sustainable, indicating capital rotation rather than new demand. In the absence of stronger inflows or renewed liquidity, the market risks moving into a longer consolidation or even a prolonged bear phase as participant confidence is slow to recover.
Accumulation on the blockchain is persistent but not sustainable, indicating capital rotation rather than new demand. In the absence of stronger inflows or renewed liquidity, the market risks moving into a longer consolidation or even a prolonged bear phase as participant confidence is slow to recover.
📊🤔 #BTC CQ: Instead of looking at Bitcoin long-term holder distribution/spending, I like to look at the other side of the trade.
Is there enough demand to absorb the supply at higher prices? Since a few weeks ago the answer is no, and that is why we see prices declining.
On a longer term timespan, demand is growing, but at a slower pace and below trend.
Is there enough demand to absorb the supply at higher prices? Since a few weeks ago the answer is no, and that is why we see prices declining.
On a longer term timespan, demand is growing, but at a slower pace and below trend.