Institutional investors are increasingly taking positions against the yen, approaching record levels
As of July 28, asset managers and leveraged funds had their second-biggest net short positions ever, just under the 2024 low, according to CFTC data.
Hedge funds are really betting on a downturn, almost as much as they did back in 2007.
Terra Classicโs $LUNC continues to see steady burn activity, with 208 million tokens removed on August 6 alone. Total burns have now surpassed 454 billion, bringing the circulating supply down to approximately 6.45 trillion.
On-chain activity has also shown signs of improvement, as Total Value Locked rose 7% to $732,000, supported by protocols such as Terraport and GarudaDeFi. Juris Protocol is expected to introduce cross-chain liquidity in the near term. The network still operates with a 1.5...
๐๏ธ The August edition of the DeFi Roundtable is this Friday.
A quant from a perps exchange, an options protocol co-founder, BNB Chain BD, and an institutional on-chain fund, all at one table.
๐ Friday, August 7 at 1 PM ET
๐ https://x.com/i/spaces/1qKVmmjEVqdxB?s=20
Set a reminder.
At the table this month:
โ Justin Alick (@justinalick), quant at @perpsdotfun
โ Dan Rysk (@DanDeFiEd), co-founder of @ryskfinance
โ Ben (@0xbenito_), BD at @BNBCHAIN
โ Frankยฒ (@HWxFrank), growth and ops at @D2_...
๐ $BTC USDT Perpetual
Signal: ๐ก BUY ON DIP (Cautiously Bullish)
Entry: 64,300 โ 64,450
Take Profit 1: 64,800
Take Profit 2: 65,050
Take Profit 3: 65,400
Stop Loss: 63,980
Technical View:
Price is trading around $64,455.
Strong support is holding near 64,100โ64,300.
Immediate resistance sits around 64,800โ65,000.
A confirmed breakout above 65,000 could open the way for a stronger bullish move, while losing 64,100 may increase bearish pressure. Recent market analysis also points to B...
Just few hour ago, my community opened a SHORT on $BICO with me, and we successfully smashed every single target. ๐ฏ๐ฅ
This isn't just a lucky predictionโit's the result of careful analysis, even in one of the toughest market conditions.
A lot of people still think consistent profits aren't possible. That's completely fine. But instead of taking my word for it, ask my community members, check the screenshots, and compare them with the latest market price. The results speak for themselves.
We ...
PEPE Supply on Exchanges Just Took a Massive Hit โ Whatโs Next?
๐ธ PEPE experienced a significant net outflow of 4.54 trillion tokens from exchanges, marking its largest daily outflow since November 2024, indicating reduced selling pressure.
๐ The meme coin has traded sideways for two months, with recent focus on market dynamics rather than specific catalysts, leading to speculation that tokens leaving exchanges may strengthen bullish sentiment.
๐ฆ Institutional interest is growing, as e...