▍Top Story Today
The Drift hacker's short on the ETH/BTC exchange rate is up $658,000 after just one day
These kinds of security incidents first affect risk appetite; in the short term, watch whether capital shifts to safer ground.
▍Market Snapshot
$BTC 75,270 (-0.67%)
$ETH 2146.44 (-3.98%)
BNB 689.79 (-0.8%)
SOL 88.04 (-1.28%)
Under some pressure, but not enough to signal a reversal.
▍Key News
1. Machi was liquidated again on Hyperliquid, with only $16,600 left to transfer to Papertrade; continues to go 100x long on ETH
▍What Everyone's Talking About
▍Market Sentiment
Fear & Greed Index: 29 (Fear), up 1 from yesterday
Total liquidations across the market in the past hour: $2.04 million; longs accounted for 38.8%
▍Top Movers
Top gainers: JCT +259.08%, AIOT +32.69%, ON +15.59%
Top losers: UAI -19.37%, ACT -16.98%, ONE -16.93%
▍Today's Take
Liquidation data tells you who's swimming naked.
Are you bullish or bearish today? Let us know in the comments.