• ETH max pain is at $3,100 • Put/Call ratio: 0.45, meaning calls are much higher than puts • Calls are more than 2× puts, showing traders are heavily bullish
⚠️ What this means
• When too many traders bet on calls, market makers usually slow the move • Price often gets pulled toward max pain to hurt both sides • With $3.8B in options, ETH may move sideways (chop)
⏳ Short-term outlook
• ETH likely to hover around $3,100 • Choppy price action expected until Friday expiry
• US Q3 GDP: 4.3% • Market expected only 3.3% • This shows strong economic growth in the US
📈 Why this matters for crypto
• Strong GDP usually leads to ISM growth • When ISM enters expansion (above 55), crypto has historically done well • Altseasons in 2017 & 2021 started when ISM crossed 55
📉 Short-term vs long-term impact
• Last 3 GDP releases caused 4–5% short-term Bitcoin dips • But BTC recovered and moved higher each time • Strong economy = lower recession risk • Mid to long term outlook remains bullish for crypto and markets
• Bitcoin fell from $124K to $84K mainly because new whales booked losses • These whales sold at a loss, adding pressure to the market • After BTC hit recent lows, realized losses have now reduced • This suggests selling pressure is cooling down • Market may be preparing for the next move
•Stani Kulechov, the founder of Aave, bought 32,660 AAVE tokens again
•This purchase is worth $5.15 million In the last one week, he has bought 84,033 AAVE in total
•Total value of his buying: $12.6 million Right now, he is sitting on an unrealized loss of $2.2 million
•Meaning: price is below his average buy, but he’s still accumulating
Takeaway: Founder is buying more even while in loss → strong long-term conviction. #Binance #BinanceNews #BinanceUpdates #AAVE #DeFi #CryptoNews #Altcoins #Web3