Behold: the notional open interest (OI) has clawed its bitter way up to nearly $98 million from $71 millionâsince the June 27 quarterly expiry. A 38% rise in two weeks! The record of $102.3 million, set June 24, trembles in anticipation (or terror). In contract terms, OI rose by 26% to 42,414. Remember: XRP on Deribit multiplies by 1,000, because ordinary math is for mortals.
In his latest update on X, Sun encouraged followers to begin utilizing a system that incorporates both sTRX and TRX Vault, emphasizing the potential for enhanced, multi-layered returns by staking TRX.
But seriously, folks, this is big news. Bitcoin has been hovering below the $110K mark for weeks, and now it’s finally broken through. And it’s not just Bitcoin that’s benefiting from this surge. Oh no, the whole crypto market is getting a boost. đ
La prĂ©diction de Kibar reprend la sĂ©quence de consolidation qui a inversĂ© le cycle baissier de 2022. Un inversement de tĂȘte et d’Ă©paules classique s’est achevĂ© dĂ©but 2023, avec des creux Ă environ 17 600 $ (Ă©paule gauche), 15 500 $ (tĂȘte) et 19 500 $ (Ă©paule droite). La cassure au-dessus du cou a envoyĂ© Bitcoin Ă 31 400 $. ImmĂ©diatement aprĂšs, le prix a stagnĂ© dans un rectangle de six mois dĂ©limitĂ© par un support de 25 000 $ et une rĂ©sistance de 31 400 $. La rĂ©solution finale vers le haut a propulsĂ© le marchĂ© vers l’objectif implicite du rectangle de 38 000 $, validant deux projections classiques consĂ©cutives en moins d’un an. Par la suite, le prix du Bitcoin a augmentĂ© progressivement. En dessous de 73 700 $, BTC s’est consolidĂ© dans un coin descendant, se terminant par une cassure vers 109 000 $.
Nearly half, driven perhaps by visions of digital utopias where rubles have been replaced by bitcoin (minus the vodka stains), claimed that crypto payments mightâjust might!âbe the bread and butter within the next decade. Yet, in an utterly predictable plot twist, only 2% actually allow crypto past their gates right now. The overwhelming majority remain chained to legacy systems, perhaps afraid that Satoshi himself will inspect their ledgers. The usual ghosts haunt their boardrooms: wild price swings, shadowy regulations that change faster than a Moscow train schedule, and a workforce that views âblockchainâ as something you use to lock your bicycle.
At $110,000 and counting, the charts wear their bullishness openly. A phalanx of flags signals the rallyâs many battles won; the old resistance lines have become nothing more than yesterdayâs snowâstamped out under heavy boots. The price hovers now, just below that ice-crusted channel where $117,000 to $120,000 glimmer like Zhivagoâs unreachable ice palace. Will Bitcoin climb? Of courseâit yearns with the aching certainty of spring.
This growing momentum comes amidst a broader optimism in the crypto market and a strengthening correlation with Bitcoin, which is itself edging closer to a new all-time high. Together, these trends suggest that Ethereum may be poised for a significant breakout, but a familiar roadblock still stands in the way.
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According to the ever-watchful analysts at Santiment, XRP has surpassed a seven-week high, crossing the $2.39 mark for the first time since the dark days of May 23. But wait, it’s not just the price thatâs exciting. Oh no, itâs the hoarding! A surge in accumulation from those mighty crypto whales suggests that XRP is not just a fleeting fancy, but rather a robust investment â or at least they hope so. đł
Look, SUI finally broke above $3, coming out of whatever âdescending channelâ it was trapped in. Sure, maybe itâs time to pop the champagneâif your standards are really, really low. Open interest is up, spot volume is up, and apparently, everyoneâs buying. I mean, unless theyâre not. Half these charts look like my cholesterol graph after a good pastrami sandwich. RSI above 50? Great. Thatâs not exactly the same as Warren Buffett handing you his checkbook.