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⚡️Daily analysis of the cryptocurrency market from open and closed sources. @Disclaimer_information @PaidPromotion_only @Insider_Private Channel owner:- @MrBybit
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The 🇹🇷 Turkish Parliament is expected to vote today on the "Proposed Law on Amendments to the Capital Markets Law" which defines and regulates #Bitcoin and cryptocurrencies for the first time in the country.
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#noahlutz
💰 #NEAR/USDT
Get ready for another leg upwards✈️
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The Dow Jones Industrial Average has hit 40,000 for the first time in history.
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The French Financial Market Authority (AMF) recently reminded investors to remain highly vigilant about Bybit, the third largest offshore exchange. The AMF stated that BYBIT is not approved to provide digital asset services in France and may take legal action to block the website. — link
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#woonomic
#BTC_Update
Still a lot of room to run before reversal or consolidation.
Hate to be a trapped #Bitcoin bear right now.
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CME GROUP, THE LEADING FUTURES EXCHANGE, IS SET TO INTRODUCE SPOT BITCOIN TRADING.
CURRENTLY, CME HOLDS THE HIGHEST OPEN INTEREST IN BITCOIN FUTURES.
BULLISH🔥
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#BTC_Update
liquidation heatmap (1 month)
Short positions that have accumulated for a long time may be wiped out.
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#misterrcrypto
#BTC_Update 1H
BULL FLAG!
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HEDGE FUND MILLENNIUM MANAGEMENT DISCLOSES IT HOLDS $2 BILLION IN SPOT BITCOIN ETFS IN NEW SEC FILING
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Yesterday, May 15, the total net inflow of Bitcoin spot ETFs was $303 million. Grayscale ETF GBTC had a single-day net inflow of $27.0466 million, Fidelity ETF FBTC had an inflow of $131 million, and Bitwise ETF BITB had an inflow of $86.2578 million.
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#MacroCRG
#BTC_Update 1D
Bullish shift in market structure on daily
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🇺🇸While CPI inflation is at 3.4%, inflation is much higher in many basic necessities:
1. Car Insurance Inflation: 22.6%
2. Transportation Inflation: 11.2%
3. Hospital Services Inflation: 7.7%
4. Car Repair Inflation: 7.6%
5. Homeowner Inflation: 5.8%
6. Rent Inflation: 5.4%
7. Electricity Inflation: 5.1%
8. Food Away From Home Inflation: 4.1%
Keep in mind, inflation has been above 3% for over THREE years now.
This means that these inflation numbers are building on multiple years of already inflated prices.
Clearly, we are not ready for interest rate cuts.
Affordability is still getting worse.
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Big filing. Boothbay (well known and respected NYC shop) discloses the following positions:
BlackRock Bitcoin ETF: $149,803,752 (3,701,600 shares)
Fidelity Bitcoin ETF: $105,502,000 (1,700,000 shares)
Grayscale BTC: $69,487,000 (1,100,000 shares)
Bitwise Bitcoin ETF: $52,258,500 (1,350,000 shares)
Total value of all reported 13F positions is $5.2 billion.
Boothbay is now the largest reported holder of the BlackRock, Fidelity and Bitwise ETFs. sec gov
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1 Million #Crypto tokens have been created in last 30 days 👀
Half of these tokens are #Memecoins.
On average 20,000 new tokens are created on solana each day.
This trend is concerning for crypto, as it increases the chances of rug pulls and weakens the fundamental model of token finance !
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The 🇺🇸 Department of Justice plans to issue a notice of proposed rulemaking on Thursday that would reclassify marijuana to a less restrictive category - Politico
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🇺🇸Legislation that would overturn SEC rule preventing highly regulated financial firms from custodying #Bitcoin and crypto PASSES the Senate.
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#BTC_Update
2020 Halving - we have 88 Days of ranging around the event💁♂️
2024 Halving - 76 Days of ranging so far...👀
The Question is will it be the same outcome🤔
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Americans 🇺🇸 now collectively owe $1.12 Trillion on their credit cards according to the New York Fed - CNBC
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#DaanCrypto
#BTC_Update
You might think funding rates would have gone up after the massive rally yesterday, but they are still at similar levels with a healthy spot premium.
This is mainly due to the high amount of spot bid during yesterday's rally, partially thanks to the $300M+ in ETF flows.
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Binance developed a unique method of identifying poisoned addresses to alert users before they send money to criminals. It detects spoofed addresses by first identifying suspicious transfers, such as those with near zero value or unknown tokens, pairing them with potential victim addresses, and timestamping malicious transactions to find the potential point of poisoning. — link
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#CryptoMichNL
#Polkadot has seen a substantial correction in the past months, through which it came back to the pre-rally levels.
I think it has bottomed, especially since JAM Whitepaper came out.
Next rally will likely bring $DOT to $20-25.
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#eliz883
#BTC_Update 1D
simple chart for me
look at the levels and see how the 0.25 worked perfectly as a support
keeping 0.5 will take us as a target to 69k zones where we have 0.75
we exceed 69k on the D (if we consolidate for 1\2 days) we will have a new ath in my opinion
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Caixin reported that most of the issuer headquarters of Hong Kong cryptocurrency ETFs are under the direct leadership of Beijing’s regulatory authorities. Therefore, experimenting with cryptocurrency in HK can be regarded as in line with China’s national strategy. In the future, it does not rule out opening up to hundreds of millions of cryptocurrency investors in mainland China. — link
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According to FT, the Chicago Mercantile Exchange (CME Group) plans to launch Bitcoin spot trading, aiming to take advantage of the surge in demand for the cryptocurrency industry from Wall Street fund managers this year. The plan has not yet been finalized. — link
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#Bitcoin ETF Volume results of Wednesday 15th of May (87th trading day):
🥇 $IBIT $1,461M
🥈 $FBTC $638M
🥉 $FBTC $474M
🪵🏅$BITB $154M
Total Volume for The Nine: ~$2.5B
Finally volume above $2B!! 🚀🚀🚀
Considering also the price action we are expecting very good inflow data! 👀
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🇺🇸US Congressman Thomas Massie publishes poll asking if he should introduce legislation to "abolish the Federal Reserve".
Currently over 54,000 people voted to "End the Fed".
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#TaviCosta
Just a friendly reminder that triple tops almost never work.
Gold was first, silver looks to be next.
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🇩🇪German economic advisers cut 2024 growth forecast to 0.2%, per Reuters.
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#GreeksLive
The just released CPI data was quite well received. Despite the results being in line with expectations, the crypto market saw significant volatility, with Bitcoin up 4% to $64,000 with the Maxpain point now at $62,000, and moving some short-term sellers into the hedging zone.
The options market reacted significantly, with all major term IVs pulling up quickly to new highs for the month, with the recent flat market causing major term options IV to drop to new lows at one point this year, thus making them extremely cost effective for buyers, with every recent event driver worth buying options for.
ETH, on the other hand, is slightly weaker, with the ETH/BTC rate hitting another record low, and cross-currency options trading appears to be an opportunity.
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