First, let's talk about this:
Analyst: BTC balance on Binance fell by 21,000 after withdrawals opened, while on-chain reserves remain at $139.7 billion
Read this first, then compare it with the market to see whether the news has been priced in.
First, let's look at the market:
$BTC 76,828.48 (-2.06%)
$ETH 2254.74 (-1.71%)
BNB 696.36 (-2.21%)
SOL 92.01 (-3.09%)
The market is pulling back; first, let's see whether support holds.
A few of today's headlines:
1. Data: Hacker suspected of stealing $106 million from an EU entity bought 27,500 ETH yesterday
2. Data: After withdrawals opened, Binance's Bitcoin balance fell from 732,000 to 711,000 BTC, with the ratio below 3%
Top gainers and losers:
Top gainers: AGT +40.67%, ARIA +35.8%, EVAA +18.55%
Top losers: IDOL -33.78%, INIT -30.56%, AKE -27.35%
Sentiment and flows:
Fear & Greed Index: 26 (Fear), down 11 from yesterday
BTC market-wide long/short account ratio: 2.65, with longs at 72.6%
What people are talking about:
A quick thought:
Stay sharp, and stay clear-headed.
What do you think of today's market? Share your thoughts in the comments.
Take it as food for thought, not financial advice. Make your own decisions.