First, here's the key point:
Analyst: BTC balance on Binance fell by 21,000 after withdrawals reopened; on-chain reserves still total $139.7 billion
Read this first, then compare it with the market to see whether the news has been priced in.
Major cryptocurrencies:
$BTC 76,725.93 (-2.21%) | $ETH 2252.11 (-1.89%) | BNB 695.85 (-2.29%) | SOL 91.84 (-3.33%)
The pullback is underway; first, let's see whether support holds.
News:
1. Data: Hacker suspected of stealing $106 million from an EU entity bought 27,500 ETH yesterday
What people are talking about:
Top gainers and losers:
Top gainers: AGT +44.74%, ARIA +35.51%, EVAA +19.32%
Top losers: IDOL -34.72%, INIT -30.29%, AKE -24.81%
On fund flows:
Fear & Greed Index: 26 (Fear), down 11 from yesterday
BTC network-wide account long/short ratio: 2.65, with longs accounting for 72.6%
My take:
There are market opportunities every day, but you only have one pot of capital—trade rationally.
Are you leaning bullish or bearish today? Let’s chat in the comments.