Top stories today:
The Drift hacker's short on the ETH/BTC exchange rate is up $658,000 in unrealized gains in just one day
Security incidents like this first affect risk appetite. In the short term, watch whether capital turns more cautious.
Major cryptocurrencies:
$BTC 75,221.59（-0.68%）｜$ETH 2143.72（-4.05%）｜BNB 688.55（-0.97%）｜SOL 87.83（-1.43%）
The market edged slightly lower, and sentiment is cautious.
Biggest gainers and losers:
Top gainers: JCT +251.92%, AIOT +30.34%, ON +16.2%
Top losers: UAI -23.98%, ACT -15.93%, ONE -15.07%
A few news items today:
1. Machi was liquidated again on Hyperliquid, with just $16,600 left to transfer to Papertrade; continues to go long on ETH with 100x leverage
What’s being discussed on the Square:
Sentiment and funds:
Fear & Greed Index 29 (Fear), up 1 from yesterday
BTC global account long/short ratio: 2.84, with longs accounting for 74%
Liquidations across the market in the past hour: $4.98 million, with long positions accounting for 58.5%
What do you think?
If you’re not sure, hold off for now and wait for a clear direction.
What do you think of today’s market? Leave a comment.