#eventbetting
eventbetting
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๐ฅ $1.07 billion in revenue - a 15% surge for Robinhood, despite a 47% crash in crypto revenue to $134 million.
๐ This Matters because it signals a seismic shift in user behavior, with event betting now offsetting crypto losses.
๐ก Smart money is watching #Robinhood's pivot, as #EventBetting and #PredictionMarkets gain traction, with top traders net long (59.3%) on BTC, according to funding rate data, and #CryptoRevenue taking a backseat.
๐ A close above $72K for BTC could trigger the next leg up, as Open Interest (OI) levels reach $6.91B, with longs paying a funding rate of +0.0022%, indicating bullish sentiment.
โ Will this surge in event betting be the catalyst that sends Robinhood's stock soaring, or is this just a temporary Band-Aid on a deeper wound?
๐ฅ $1.07 billion in revenue - a 15% surge for Robinhood, despite a 47% crash in crypto revenue to $134 million.
๐ This Matters because it signals a seismic shift in user behavior, with event betting now offsetting crypto losses.
๐ก Smart money is watching #Robinhood's pivot, as #EventBetting and #PredictionMarkets gain traction, with top traders net long (59.3%) on BTC, according to funding rate data, and #CryptoRevenue taking a backseat.
๐ A close above $72K for BTC could trigger the next leg up, as Open Interest (OI) levels reach $6.91B, with longs paying a funding rate of +0.0022%, indicating bullish sentiment.
โ Will this surge in event betting be the catalyst that sends Robinhood's stock soaring, or is this just a temporary Band-Aid on a deeper wound?
๐ This Matters because it signals a seismic shift in user behavior, with event betting now offsetting crypto losses.
๐ก Smart money is watching #Robinhood's pivot, as #EventBetting and #PredictionMarkets gain traction, with top traders net long (59.3%) on BTC, according to funding rate data, and #CryptoRevenue taking a backseat.
๐ A close above $72K for BTC could trigger the next leg up, as Open Interest (OI) levels reach $6.91B, with longs paying a funding rate of +0.0022%, indicating bullish sentiment.
โ Will this surge in event betting be the catalyst that sends Robinhood's stock soaring, or is this just a temporary Band-Aid on a deeper wound?
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