This episode is sponsored by NYDIG.Download this episodeYesterday was quite the day. A 6.2% inflation print led to a new bitcoin all-time high. Within hours, however, BTC’s price crashed 10% on an overall risk-off move in markets. That was precipitated by rumors that China’s Evergrande was about to default on its debts. NLW argues that the moves show how market structure … [Read more...] about Why Yesterday Was One of the Most Illuminating Days in Bitcoin’s History
yesterday
$500 million in longs liquidated yesterday as Bitcoin fell $4,000
Bitcoin fell nearly $4,000 in a steep plunge this morning, taking with it the broader crypto market and causing over $500 million in ‘long’ liquidations.Funding rates were high across the board on Tuesday, leading to some traders commenting on an impending market drop. “Open interest reached an ATH. Let’s do a little bullish shakeout before we go higher,” tweeted Lex Moskovski, … [Read more...] about $500 million in longs liquidated yesterday as Bitcoin fell $4,000
Whale holding $15 billion in Dogecoin bought 420.69 DOGE yesterday
Whoever holds the biggest Dogecoin bag seems to share the memecoin’s sense of humor. They bought up a very small amount of DOGE yesterday in a reference to popular memey culture.Who let the DOGE inDH5yaieqoZN36fDVciNyRueRGvGLR3mr7L, the Dogecoin address which holds an estimated 36.7 billion coins (seemingly accumulating the amount during the crypto bear market of 2019), … [Read more...] about Whale holding $15 billion in Dogecoin bought 420.69 DOGE yesterday
A 4chan ‘insider’ predicted yesterday ‘Bitcoin dump FUD,’ says it was China-led shakeout
An anonymous user apparently not only predicted yesterday’s massive sell-off on the crypto market but also claimed that it was an organized China-related campaign aimed at a single “stakeholder”—half a day before the trading carnage actually began. Of course, the following should be taken with a giant grain of salt.“Can’t tell you guys what firm I work for, but it’s MASSIVE and … [Read more...] about A 4chan ‘insider’ predicted yesterday ‘Bitcoin dump FUD,’ says it was China-led shakeout
Traders lost $200 million trading Dogecoin and Shiba Inu (SHIB) yesterday
Dogecoin (DOGE) and Shiba Inu (SHIB) traders lost over $200 million yesterday after Ethereum’s Vitalik Buterin dumped part of his stack, data from markets taken by Bybt shows.While Dogecoin has been memed into supposed legitimacy by the likes of Elon Musk, ‘petcoin’ Shiba Inu went from near-obscurity to temporarily become the world’s twelfth-largest cryptocurrency earlier this … [Read more...] about Traders lost $200 million trading Dogecoin and Shiba Inu (SHIB) yesterday