Meanwhile, the Crypto Fear and Greed Index, that trusty gauge of our emotional turmoil, has plummeted to its lowest point in five months. Oh, the fear! Is this a golden opportunity to buy or a warning that we might all be headed for a greater plunge? The tension builds, my dear reader, like a tragic Shakespearean drama-who will emerge victorious? 🏦💸
Fortune favors the bold, it is often said. Thus, with a staggering $5 billion of leverage now swept away, one might envisage a stage set for ETH to dance a more measured and enduring recovery.
One might say the coin’s 50% nosedive was but a minor hiccup in the grand opera of their vision, though the opera’s chorus now sings in a slightly more falsetto register.
In their latest weekly report, the number-crunching wizards at Glassnode 🧙♂️ have been gabbing about Bitcoin’s Realized Cap growth. For those of you not fluent in crypto-speak, this capitalization model assumes each Bitcoin is worth what it was last traded for on the blockchain. Essentially, it’s the total amount of cash investors have thrown into the Bitcoin pot. Think of it as the “cost basis” of the entire circus. 🎪
If you’re wondering who’s pulling the strings behind 0G’s dramatic nosedive, look no further than the perpetual traders. They’ve been busy emptying their pockets, with a cool $18.3 million bailing out of the market. Oh, and did we mention that the Open Interest-Weighted Funding Rate is a delightful -0.0879%? That’s not exactly the party vibe you’d hope for. 🍸
Whales are buying $XPL.
0x8393 sold 249,999 $HYPE($10.5M) and bought 7.92M $XPL.
0xcc07 deposited 6.27M $USDC into #Hyperliquid and bought 5.28M $XPL at $1.19.
0xF555 deposited 6M $USDC into #Hyperliquid and bought 5.7M $XPL at $1.05.…
Trust Wallet – the self-custody wallet that’s been downloaded more than you can say ‘cryptocurrency’ in one breath – has introduced Trust Moon. It’s like a cosmic stepping stone designed to help projects not just launch, but moonwalk with unmatched distribution and ecosystem support. Because who wants to be left behind, right?
Apparently, using Bitcoin’s 10-year seasonality trends (yes, it’s a thing), he’s predicting BTC could hit $200,000 by June 2026. And if the stars align (or the seasonality repeats), it might go even higher. Because why stop at $200K when you can aim for the moon? 🌕💸
Institutional Moves: The Wolves Are Circling
The crypto world is split faster than a bad Tinder date. Some analysts are waving red flags 🚩, screaming “bear market!” while others are sipping champagne 🥂, whispering, “Buy the dip, darling.” Because, you know, nothing says “long-term accumulation” like a 1.84% drop in 24 hours. 📉✨
