๐ฆ๐ช๐ค Emirates signs agreement with Cryptocom to integrate payments.
๐๐ #BTC CQ: Long-term holders will begin dumping the market once their returns exceed 300%. Currently LTH are sitting on an average profit of 215% above their cost basis.
We are now in the range between orderly profit-taking and a potential LTH dump.
We are now in the range between orderly profit-taking and a potential LTH dump.
๐ #BTC Glassnode: Most wallet cohorts are in distribution mode - especially retail holders with 1โ10 BTC. The notable exception: entities holding 1kโ10k BTC are showing near-perfect accumulation. This divergence highlights a clear split in conviction between small and large holders.
๐ฐ Velvet Capital, DeFAI's trading and asset management platform, announced that it has completed $33.7 million in funding and plans to launch a management token #VELVET
๐ #ETH Glassnode: CME futures open interest (7D SMA) has climbed to $3.27B - its highest since Feb 2. This marks a clear uptick in institutional positioning, with demand rising in tandem with price.
๐ฐ Monad Foundation has acquired Portal, an infrastructure provider for stablecoins.
๐บ๐ธ๐ #macro FOMC Meeting Minutes:
- Most Fed members believe it is appropriate to keep the rate at current levels;
- Some members believe it is appropriate to start lowering the rate in July;
- There are upside risks to inflation.
- Most Fed members believe it is appropriate to keep the rate at current levels;
- Some members believe it is appropriate to start lowering the rate in July;
- There are upside risks to inflation.
๐๐ #BTC remains firmly in the risk-on asset category
Over the past 12 months, itโs maintained a moderate correlation to the NASDAQ 100, right around its five-year average.
At the same time, it has stayed largely uncorrelated to gold and bonds. Thatโs why this risk-on environment is a strong setup for a breakout toward a new all-time high.
Over the past 12 months, itโs maintained a moderate correlation to the NASDAQ 100, right around its five-year average.
At the same time, it has stayed largely uncorrelated to gold and bonds. Thatโs why this risk-on environment is a strong setup for a breakout toward a new all-time high.
๐นCrypto Trading Reports๐น
๐บ๐ธ๐ Crypto #ETF Flows Today: #BTC-ETFs: NetFlow: +718 BTC ($78.23M) ๐ข Blackrock inflows 613 BTC ($66.79M) and currently holds 700,920 BTC ($76.33B); #ETH-ETFs: NetFlow: +11,803 ETH ($31.25M) ๐ข Blackrock inflows 9,684 ETH ($25.64M) and currently holds 1,836โฆ
๐ #XRP Santiment notes the growing number and collective balances of whales holding at least 1 million XRP.