I’ve been watching $ENA lately, and the setup is getting pretty interesting. There’s been around $2B in trading volume, but the bigger story is what’s happening behind the scenes.
Ethena approved using 100% of net protocol revenue for ENA buybacks, while seed investor OTC buyouts are completed and monthly VC unlocks have been eliminated. With the $1B FalconX credit facility and TVL around $4B, there’s still serious capital behind the protocol.
Even with $BTC taking most of the market attention, ENA is starting to stand out. ENA is also a Top 5 trading pair on Bitget, so I’m watching the derivative activity closely.
I’m not chasing the pump. I’m waiting for a clean setup.
Are you watching ENA too, or waiting for a better entry? #BTC Price Analysis# #Macro Insights#
A familiar pattern is showing up again for $BTC . Historically, whenever August closes green, September has often followed with a bearish move. Now, we may be seeing the same setup form once again. #BTC Price Analysis# #Macro Insights#
Pantera Capital says Bitcoin positioning is “starting to reverse” after 10 months of compression. The $3.8B fund’s Cosmo Jiang says $BTC spent months range-bound before pulling back nearly 50%. Now, traders appear to be shifting from being net short to realizing they want to be long. #BTC Price Analysis# #Macro Insights#
Glassnode data shows high-conviction buyers have been steadily accumulating $BTC since January, with their share of supply purchased this cycle exceeding levels seen in 2022. #Macro Insights# #BTC Price Analysis#
$BTC and $ETH tweet volume has fallen to bear market lows. The crowd has gone silent. The last time sentiment was this quiet? It was 2022. We all know what happened next. #Macro Insights#
The crypto market attracted more than $1.1 billion in inflows over the past week, helping $BTC climb to $66.3K, its highest level since June 15. The surge reflects renewed investor confidence and a stronger market outlook. #BTC Price Analysis#
$BTC ETFs recorded $56 million in outflows this week. The key question is whether this is routine profit-taking or a sign of a larger shift in market sentiment. #BTC Price Analysis#
$TAO trying to consolidate the key $210 support range here within the downtrend channel. Really important level. Decentralized AI will have a massive momentum sooner than later. The recent Fable ban it's the proof. #BTC Price Analysis#
The German government is considering to remove the rule that makes gains on $BTC and other cryptocurrencies tax-free if held for more than 12 months. Finance Minister Lars Klingbeil said the government will "tax cryptocurrencies differently" as part of its 2027 budget. #BTC Price Analysis#
BlackRock deposited 7,432 $BTC ($446M) into Coinbase Prime, marking its largest single-day net Bitcoin outflow on record in BTC terms. It also moved 8,150 $ETH worth about $13M. This comes after its spot BTC ETF IBITsaw $1.3B in outflows last week, its 2nd-largest weekly redemption since launch. Bespoke data suggests the average IBIT investor is now down around 40%. #BTC Price Analysis#
$BTC IS ABOUT TO CLOSE ITS 3RD STRAIGHT RED QUARTER. This has only happened 3 times before in Bitcoin's history: 2014, 2019, and 2022. But here's what's interesting. Every single time, Bitcoin bottomed within the next 1-2 quarters and started a new major rally. Q4 has also historically been Bitcoin's strongest quarter, posting gains in 9 of the last 13 years, including +215% in 2017 and +168% in 2020. Looks like bottom is coming soon. #BTC Price Analysis#
BITCOIN VOLUME SPIKES SIGNAL BIGGER MOVES CryptoQuant says smart money often leaves clues before Bitcoin moves. When $BTC is stuck in a tight range and unusual spot or derivative volume suddenly appears, the market may be preparing for a larger volatility move. Not every spike marks a top or bottom, but it is a signal to watch. #BTC Price Analysis#
$DOGE bears are in charge. Funding rates are negative, Open Interest is falling, and a big volume spike during the price drop shows strong selling pressure with traders bracing for even lower prices. #BTC Price Analysis#
$BTC realized losses are ticking up again, but it's nothing like the first washout. We're looking at -234K BTC now versus -400K BTC then, a sign that most of the panic sellers have probably already bailed. #BTC Price Analysis#