📊🤔 #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.
🤔 Wintermute founder Eugene Gaevoy denied rumors that the firm plans to sue Binance, saying they never intended to and see no reason to do so. He also denied claims of signing non-disclosure agreements or coordinating lawsuits with other market makers, calling them "completely baseless."
🤝 #LINK FTSE Russell partners with Chainlink to publish stock indices on blockchain. cointelegraph
🤔 Stream Finance: yesterday, the external fund manager overseeing Stream's funds reported the loss of $93 million in fund assets. In response, Stream is bringing in experts to fully investigate the incident.
Meanwhile, the depeg has increased to 57%.
Meanwhile, the depeg has increased to 57%.
🍿 #FTT FTX has withdrawn its petition to create a procedure to assess regulatory concerns in several jurisdictions including China, Russia and Ukraine. theblock.co
🔍🐳 Whale Transactions:
1. Owen Gunden transferred another 1,289 #BTC ($138.2 million) to Kraken;
2. Machi Big Brother with the remaining $16,771 has reopened a 25x long on #ETH. Liquidation price: $3546.43;
3. 7 Siblings spent $52.47 million to buy 14,254 ETH at $3681;
4. hacker Balancer exchanges stolen funds for #ETH.
1. Owen Gunden transferred another 1,289 #BTC ($138.2 million) to Kraken;
2. Machi Big Brother with the remaining $16,771 has reopened a 25x long on #ETH. Liquidation price: $3546.43;
3. 7 Siblings spent $52.47 million to buy 14,254 ETH at $3681;
4. hacker Balancer exchanges stolen funds for #ETH.
🤔 #BTC Ilon Musk: Nick Szabo is probably more responsible for the ideas behind BTC than anyone else.