First, this:
Analyst: Binance's BTC balance fell by 21,000 BTC after withdrawals were enabled, while on-chain reserves still total $139.7 billion.
Let's look at this update first, then compare it with the market to see whether prices have factored in the news.
Market overview:
$BTC 77,040.01 (-1.76%)
$ETH 2263.9 (-1.26%)
BNB 699.06 (-1.87%)
SOL 92.42 (-2.63%)
The broader market edged lower, with sentiment cautious.
A few updates from today:
1. Data: After withdrawals were enabled, Binance's Bitcoin balance fell from 732,000 BTC to 711,000 BTC, a decline of less than 3%.
2. Brazilian exchange Mercado Bitcoin lost over $46 million in a hack; the hacker holds about $9.2 million in altcoins.
Top gainers and losers:
Top gainers: ARIA +35.4%, AGT +31.34%, EVAA +23.13%
Top losers: AKE -34.76%, IDOL -30.32%, INIT -30.08%
Sentiment and funds:
Fear & Greed Index: 26 (Fear), down 11 from yesterday
BTC market-wide long/short account ratio: 2.65; longs account for 72.6%
What everyone's talking about:
#ๅธๅฎ10ๆ31ๆฅๅจๅค้่ฏๆๅฟซ็ ง้ถ็ฅ่ฏ่ฏๆๅทฒ็ๆ #FATFๅฏๅจๅ ๅฏไธญๅฟๅๆด้ฑๅฎกๆฅ
Have your say:
Looking at sentiment, funds, and positions together is more reliable than looking at price alone.
What do you think of today's market? Share your thoughts in the comments.