πΊπΈ Trump: meeting with Xi Jinping hasn't been canceled, may still meet with him. #tradewars
π° #BTC Over the past 24 hours, ~$19.30 billion worth of contracts have been liquidated, of which longs have liquidated ~$16.81 billion and shorts ~$2.49 billion - the largest liquidation in the history of the crypto market - nearly 20 times the March 2020 covidodump.
ππ #ZEC is up over 9% in the past 24 hoursβdespite the biggest liquidation event in crypto history having taken place.
π₯1
ππ #BTC CQ: In the last few hours, 36,700 Bitcoin / $4.1 billion were sent to exchanges at a loss.
They may have contributed to the selling pressure, but the main trigger was clearly the liquidations, which completely dragged the market into the abyss.
They may have contributed to the selling pressure, but the main trigger was clearly the liquidations, which completely dragged the market into the abyss.
π #BTC Futures Flow Index dropped to 13%. The price is currently trading below Fair Value of $113.3K.
The spread between Bitcoin futures and spot has turned negative, while open interest dropped by $11B - a massive deleveraging.
The main reaction should be expected on Monday
The spread between Bitcoin futures and spot has turned negative, while open interest dropped by $11B - a massive deleveraging.
The main reaction should be expected on Monday
Forwarded from Crypto | Bitcoin | Ethereum | Altcoin | News
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πΈπ¨ Well-known Ukrainian crypto investor Konstantin Galish (Kudo) committed suicide amid the market crash.
Rumor has it that he lost at least $30 million in investors' money, other people's money that was entrusted to him to manage.
Kudo was left with a fleet of cars: a 2020 Lamborghini Urus, a 2023 Ferrari 296 GTB, and a 2012 Mercedes-Benz 220 CDI.
Rumor has it that he lost at least $30 million in investors' money, other people's money that was entrusted to him to manage.
Kudo was left with a fleet of cars: a 2020 Lamborghini Urus, a 2023 Ferrari 296 GTB, and a 2012 Mercedes-Benz 220 CDI.
π2
ππ $1.9 billion #USDe burned since yesterday, 13% of total supply, as funding rates turned negative.
USDe is the third largest stablecoin
USDe is the third largest stablecoin
ππ #BTC CQ: Post-crash recovery begins. Historically, new trending periods tend to emerge ~30 days after major crashes.
ππ #XRP Amid the crypto crash yesterday, XRP erased a whopping -50% of its market cap in 30 minutes.
- At 4:50 PM ET, XRP was worth $161 billion.
- By 5:20 PM ET, XRP was worth $80 billion.
- At 4:50 PM ET, XRP was worth $161 billion.
- By 5:20 PM ET, XRP was worth $80 billion.
ππ #BTC CQ: Yesterday was the largest long liquidations (USD) candle since last cycle (May 2021). This was wild.
π°π·π΅οΈββοΈ South Koreaβs National Tax Service has warned crypto holders: fail to settle tax debts and officers may seize cold wallets during home searches.
The NTS says it can trace on-chain activity with blockchain analysis tools and, when it suspects coins are hidden offline, inspect homes and confiscate hard drives, cold wallets or PCs.
The NTS says it can trace on-chain activity with blockchain analysis tools and, when it suspects coins are hidden offline, inspect homes and confiscate hard drives, cold wallets or PCs.