🌙 Overnight market recap | The market's darkest hour: who's panicking and who's buying the dip?
📉 The Fear & Greed Index fell to 20 (extreme fear). $BTC briefly dropped below $66,000, putting it on track for a sixth consecutive red weekly candle. Over $200 million in liquidations occurred within an hour.
⚠️ Black swan: An issue emerged with $KAVA ecosystem dApp; tokens were bridged to BSC and sold off. The token plunged over 41% in 24 hours. The team urgently paused the Axelar bridge, and South Korea's three largest exchanges suspended deposits and withdrawals. Official clarification: there was no unlimited token issuance; the incident was contained within Kava Lend.
🏦 Selling pressure persists: The Ethereum Foundation sold 7,500 $ETH over four days (about $14.52 million). MSCI announced that it will remove Strategy from its major indices on December 1, potentially triggering about $2.8 billion in selling.
💰 But undercurrents are stirring: A wallet linked to ShapeShift founder Erik Voorhees spent $97 million over four days scooping up 48,647 $ETH (at an average price of about $1,994). The wallet also holds $78.68 million in stablecoins on standby. Following the Binance $6.3 billion theft incident, withdrawals have resumed across 87 chains, with a full reopening expected next week.
In this frigid market, seeing who's selling and who's quietly buying matters more than guessing the bottom. NFA | DYOR
#BTC #ETH #KAVA #加密货币 #Market Recap
📉 The Fear & Greed Index fell to 20 (extreme fear). $BTC briefly dropped below $66,000, putting it on track for a sixth consecutive red weekly candle. Over $200 million in liquidations occurred within an hour.
⚠️ Black swan: An issue emerged with $KAVA ecosystem dApp; tokens were bridged to BSC and sold off. The token plunged over 41% in 24 hours. The team urgently paused the Axelar bridge, and South Korea's three largest exchanges suspended deposits and withdrawals. Official clarification: there was no unlimited token issuance; the incident was contained within Kava Lend.
🏦 Selling pressure persists: The Ethereum Foundation sold 7,500 $ETH over four days (about $14.52 million). MSCI announced that it will remove Strategy from its major indices on December 1, potentially triggering about $2.8 billion in selling.
💰 But undercurrents are stirring: A wallet linked to ShapeShift founder Erik Voorhees spent $97 million over four days scooping up 48,647 $ETH (at an average price of about $1,994). The wallet also holds $78.68 million in stablecoins on standby. Following the Binance $6.3 billion theft incident, withdrawals have resumed across 87 chains, with a full reopening expected next week.
In this frigid market, seeing who's selling and who's quietly buying matters more than guessing the bottom. NFA | DYOR
#BTC #ETH #KAVA #加密货币 #Market Recap