First, the key takeaway:

MetaMask disclosed unauthorized access to its infrastructure; only a small amount of staking rewards was transferred

Take a look at this update, then compare it with the market to see whether the news has been priced in.

Major coins:

$BTC 76,058.44 (-5.67%)

$ETH 2239.72 (-7.83%)

BNB 695.08 (-3.14%)

SOL 90.19 (-6.5%)

The broader market has pulled back sharply. Be mindful of your position size.

People are talking about:

#韩国寻求将加密税推迟至2029年 #币安将恢复更多资产提现

A few updates today:

1. Data: A looping-loan whale recently panic-sold 288.1 cbBTC, then bought back 203.6 cbBTC at a higher price

Top movers:

Top gainers: UAI +33.21%, CYBER +32.05%, BIRB +17.72%

Top decliners: AIN -52.9%, JCT -47.77%, KORUB -28.61%

Sentiment and fund flows:

Fear & Greed Index: 28 (Fear), down 22 from yesterday

BTC’s market-wide account long/short ratio is 2.96, with longs accounting for 74.7%

A few thoughts:

Today’s key question is whether sentiment data and fund flows can reinforce each other.

What’s your take on today’s market? Share your thoughts in the comments.