Today's News‼️
🔴 BTC is testing the $82,000 mark, where it is currently facing resistance; much like in the stock market, crypto markets are anticipating a "pre-election pump" — market monitoring;
🔴 Analyst: At a price of $81k, Bitcoin sits at the Q42 level of the mean reversion index. A full mean reversion (Q50) currently places the price at around $88k. This is the "center of gravity" price where it "wants to be" right now;
🔴 On-Chain Mind: If this is merely a "bear market Bitcoin rally," it is the largest such rally in nearly a decade;
🔴 Reserves held at known OTC trading platform addresses are currently at their lowest level. OTC platforms currently hold 123,000 BTC; in September 2021, this figure stood at nearly 500,000 BTC;
🔴 The Bitcoin "taker/buyer ratio" on Bybit shows several spikes above 25, indicating that Bybit traders are opening long positions during pullbacks;
🔴 An ETH whale who realized a $3.7 million profit from selling ETH in August has resumed accumulating the token, reports EmberCN;
🔴 Cumulative trading volume for USD1 pairs on Binance has surpassed $60 billion;
🔴 Open interest on Hyperliquid has just hit a new all-time high, exceeding $8 billion;
🔴 Mike McGlone of Bloomberg Intelligence warns that cryptocurrencies face a "lose-lose" scenario, as their strong correlation with stocks and higher volatility leave them vulnerable during both market rallies and downturns;
🔴 The Federal Reserve is grappling with persistent, broad-based inflation that can no longer be attributed solely to rising oil prices or the fallout from international conflicts. Consequently, the central bank will likely need to maintain a tight monetary policy, although a robust economy and labor market offer hope for a gradual easing of inflation;
🔴 BlackRock: We see no red flags in the artificial intelligence investment landscape.
🔴 BTC is testing the $82,000 mark, where it is currently facing resistance; much like in the stock market, crypto markets are anticipating a "pre-election pump" — market monitoring;
🔴 Analyst: At a price of $81k, Bitcoin sits at the Q42 level of the mean reversion index. A full mean reversion (Q50) currently places the price at around $88k. This is the "center of gravity" price where it "wants to be" right now;
🔴 On-Chain Mind: If this is merely a "bear market Bitcoin rally," it is the largest such rally in nearly a decade;
🔴 Reserves held at known OTC trading platform addresses are currently at their lowest level. OTC platforms currently hold 123,000 BTC; in September 2021, this figure stood at nearly 500,000 BTC;
🔴 The Bitcoin "taker/buyer ratio" on Bybit shows several spikes above 25, indicating that Bybit traders are opening long positions during pullbacks;
🔴 An ETH whale who realized a $3.7 million profit from selling ETH in August has resumed accumulating the token, reports EmberCN;
🔴 Cumulative trading volume for USD1 pairs on Binance has surpassed $60 billion;
🔴 Open interest on Hyperliquid has just hit a new all-time high, exceeding $8 billion;
🔴 Mike McGlone of Bloomberg Intelligence warns that cryptocurrencies face a "lose-lose" scenario, as their strong correlation with stocks and higher volatility leave them vulnerable during both market rallies and downturns;
🔴 The Federal Reserve is grappling with persistent, broad-based inflation that can no longer be attributed solely to rising oil prices or the fallout from international conflicts. Consequently, the central bank will likely need to maintain a tight monetary policy, although a robust economy and labor market offer hope for a gradual easing of inflation;
🔴 BlackRock: We see no red flags in the artificial intelligence investment landscape.
