First, here's the news:
Bitcoin miners' October revenue reached $1.215 billion, a new 11-month high, while hashprice fell 17.54% for the month
Let's look at this first, then compare it with the market to see whether prices have factored in the news.
Market overview:
$BTC 76,734.44 (-0.31%) | $ETH 2256.61 (-0.11%) | BNB 690 (-1.1%) | SOL 91.45 (-0.86%)
The market is moving sideways, with both bulls and bears waiting for a signal.
Sentiment and capital flows:
Fear & Greed Index: 34 (Fear), up 8 from yesterday
$4.9 million in liquidations across the market over the past hour, with long positions accounting for 89.5%
What's being discussed on the community feed:
Market movers:
Top gainers: BMT +40.2%, CLANKER +34.48%, IDOL +15.97%
Top losers: AKE -35.98%, APR -25.05%, UAI -24.52%
A few stories from today:
1. Brazilian exchange Mercado Bitcoin loses about $38 million in a hack and promises to compensate users
What do you think?
Liquidation data tells you who’s swimming naked.
How would you trade today?
Not investment advice—don’t follow my lead.