“Retail Leverage Keeps Getting Flushed As etfs Log Billion-Dollar Outflows, While Whales and Sovereign Players Quietly Accuumulate Eth and Btc Into volatility.”, – WRITE: www.coindesk.com
Bitcoin Is Trading Just Below $ 110,000 After Another Failed Bounnce, Down Roughly 7% Since Peaking Over $ 117,000 in The Wake of Powell’s Dovish Jackson Hole Speech Ethereum, WHICH BRIEFLY TOUCCHED $ 4,900 BEFORE A Sharp Reversal, Is Holding Above $ 4.300 But Showing Signs of Exhaustion After weeks of OutperForcement.
The Bull Run Is Fraying, Market Observers Say, As Thinning Liquidity, Etf Outflows, and Fragile Onchain Activity Collide with Wales Rotating Into Eth and Retail Longs Getting. Yet Beneath The Surface, Billion-Dollar Soloign and Institutional AlloCations Are Quietly Scaling Into Valativity, Creating A Sharp Divergence Between Weak Short-Term CONVICATION.
Glassnode’s Latest Market Pulse Shows of the Cycle Slipping from Euphoria Into Fracy: Spot Momentum Fading Town Oversold Territory, Etf Flows Swing to A $ 1 Billion Outflow to breakeven.
That Fragality Was Underscored By QCP Capital, Which Traged this Weekend’s Crash to An Early Holder Unloading 24,000 Btc Into Thin Liquidity, A MOVE THAT CASED INTO $ 5 QCP SAID The Sale Exposed Just How Brittle The Market Has Become With Etfs BLEEDING $ 1.2 Billion in Outflows Even as Wules Rotate Into Eth, Pushing The ETH/BTC CROSS.
Singapore-Based Market Maker Enflux Picks Up that Thread, Arguing that not All Flows Are Created Equal.
While Retail Longs Were Blown Out, A $ 2.55 Billion Eth Stake Routed Through A Single Contract and The Uae Royal Family’s Sovereign and Institutional Allocations.
In Other Words, Even as Glassnode’s Onchain Data Shows Weakening Address Activity and Fee Volumes, there are as Counterparties deliberaraty by using volatility to Scale Into Size.
The Result Is A Divergence: Retail Leverage Continutes to Get Flushed, While Long-Horizon Allocators Quietly Acculate.
But with Transaction FEES COLLAPSING BACK TOWARD DECADE LOWS AND BLOCKS CLEARING WITH LITTLE CONGESTION, LIQUidity on the Bitcoin Blockchain Itelf Looks Thin. That’s a problem for miners already squeezed by Halved Rewards, and It Leaves The Broader Market Bracing for Consolidation, or Deeper DrawDowns Into September, Historically Bitcolly.
(Coindesk)
Market MovementBTC: Bitcoin’s Brief Rebound from Its Weekend Plunge Failed Monday, With Prices Rejected at $ 113,000 Before Sliding to A Seven-Week Low Near Post-Powell Peak Above $ 117,000.
Eth: Altcoins Buckled Monday with Eth Droping Nearly 8% Below $ 4.400 and Sol, Doge, ADA, AND LINK SLINGING 6–8%, Triggering $ 700 Million In Liqidations, MOSTLY FROM Over.
GOLD: Gold Is Holding Above $ 3.350 As Powell’s Dovish Jackson Hole Remarks Boost Rate-Cut Bets and Geopolitical Tensions Sustain Sustain-Haven Demand, Even As Dollar Headwinds.
Nikkei 225: Asia-Pacific Stocks Fell Tuesday, With Japan’s Nikkei 225 and Topix Down 0.54%, As Investors Weighed Trump’s China Comments and US-South Korea Trade Talks.
S&P 500: US Stocks Pulled Back Monday from A Rate-Kut-Fueled Rally, with The S&P 500 Down 0.4% As Focus Turned to Nvidia’s UpcomING EARNINGS.
Elsewhere in Crypto:
- Grayscale Files to Convert Avalanche Trust to etf (Decrypt)
- Japan’s Finance Minister Says Crypto Assets Can Be Part of Diversified Portfolio (Coindesk)
- Venture Trends, Regulatory Wins, and Consumer Innovation: Tom Schmidt and ALOK Vasudev on Crypto’s New Era (The Block)
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MOST Cryptos Have Taken Out Their Sunday Flash Crash Lows Late in the US Session on Monday.
- A Monday Bounnce in Crypto Failed to Hold, with Prices Resuming A Quick Decline in US Afternoon Action.
- Bitcoin Has Roughly Returned to Its Price On Trump’s Jan. 20 Inauguration Day, Now Down More than 11% Since Hitting A Record High Less than Two Weeks Ago.
- Altcoin Declines Were Far Sharper, With Ether Now Lower by 8% Over The Past 24 Hours.
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