The most important thing today:
Analyst: BTC balance on Binance fell by 21,000 after withdrawals opened, while on-chain reserves remain at $139.7 billion
Start with this story, then compare it with the market to see whether prices have reflected the news.
Major cryptocurrencies:
$BTC 76,716.9(-2.21%)|$ETH 2251.61(-1.91%)|BNB 696.23(-2.23%)|SOL 91.82(-3.35%)
There’s some pressure, but it’s too early to call it a reversal.
A few stories from today:
1. Data: Hacker suspected of stealing $106 million from an EU entity bought 27,500 ETH yesterday
What people are talking about:
Biggest gainers and losers:
Top gainers: AGT +48.62%, ARIA +35.57%, EVAA +19.09%
Top losers: IDOL -33.8%, INIT -30.4%, UAI -24.91%
Sentiment and flows:
Fear & Greed Index: 26 (Fear), down 11 from yesterday
BTC market-wide account long/short ratio: 2.65; longs account for 72.6%
Market-wide liquidations in the past hour: $2.62 million, with long positions accounting for 92.2%
A quick thought:
Today is a day to sit tight, not get carried away.
Are you leaning bullish or bearish today? Let us know in the comments.