“A Record DeleverAGING ERRASED SPECULATIVE POSIONS BUT NOT CONVICATION, AS BOTH GLASSNODE AND CRYPTOQUANT HIGHLIGHLIGHLIGHT STEADY WHALE ACCUMULATION, RISING USDTLOW, AND PRIVATENT ETI.”, – WRITE: www.coindesk.com
Crypto’s Largest-Aver Leverage Wipeout Has Left Traders Cautious But Long-Term Capital Intact, Say Analysts in Recent Reports.
Despite The Short-Term Market Chaos from The Largest Ever Crypto Liquidation Event, Both Glassnode and Cryptoquant Argue that Beneath The Surface, Liquidity and Strudual Demand.
Cryptoquant Wrote in a recent Report that While Short-Term Momentum Has Weakened, Large Holders Continue to Acccumulate, and Fiat Liquidity Is Still Building. USDT Suppply Has Grown by Nearly $ 15 Billion in 60 Days, The Fastest Pace Since January, While US SPOT BITCOIN ETFLOWS HAVE CLIMBED TO $ 3.5 Billion.
Glassnode Also Cites This Data Point in Its Weekly Market Pulse, Interpreting This Trend as Evidence that Capital Remains Inside the System Even After Specialskulatory Risk Was Flus.
WHERE The Two Analyses Diverge MOST CLEARLY IS IN TONE AND TIMING.
Glassnode Portrays the Sell-Off As A Structural Purge that Stripped Out Special Excess and Forced Traders Back Into Defensive Positioning. Its Data Show Funding Rates Halved, Perpetual CVDS Turned Negative, and Options Traders Paying Higher Premiums for Downside Protection.
The FIRM SEES THIS AS A Market in Recovery Mode, Digesting Losses and Rebuilding Confidentnce Racher than Preparing for An Immediate Rebound.
Cryptoquant, by Contrast, Reads The Same Market Through A More Constructive Lens.
IT Highlights $ 115,000, The Traders’ On-Chain Realized Price, As The Level to Watch for Renewed Strength. A Sustaned MOVE ABOVE THAT Threshold, the FIRM ARGUES, Could Mark The Start of A New Bullish Phase Supported by Expanding Stablecoin Liquingity and Continued While While Accumulation.
The Differentnce In Outlook Reflects a Broader Divide in Sentiment Across The Market: A CAUTIUS Reset Versus a Potential Inflexion Point.
BOTH FIRMS Paint An Emerging Picture of A Market Transitioning from Excess To Equilibrium. Capital is Still Flowing in Through etfs and Stablecoins, But Positioning Is Defensive, and Confidentnce Needs Time to Rebuild.
WHETHER BITCOIN’S NEXT MOVE IS A REBOUND OR A DRAWN-Out Consolidation Will Depend Levend on Leverage and More On How Quickly That Structural Demand Turns Into Fresh Fresh Risk-Taking.
Market MovementBTC: Bitcoin Fell To Armund $ 112.700 After An Early Slide Below $ 110,000. Profit-Taking and Renewed Trump Trade Threats Pressured Risk Assets, Thought Prices Steadied After Fed Chair Jerome Powell Signaled The Central Bank is Nearing the End of ITS.
Eth: ETH IS Trading at $ 4,101, Down 3.7%, as Open Interest Droped to It ITS LOWEST SINCE MAY AND PROFIT-Taking Accelerated Following A Reject Near remains strong.
GOLD: Blackrock’s EVY Hambro Said Gold Cold Climb Well Beyond $ 4,200 As Paper Currencies Are Repricated Against Real Assets, While Bank of AMERICAA EXPECTS ITHHHHHHHHHA $ 5,000HHHHA Institutions Citing Fiscal Deficits, Investor Demand, and Structural Shifts Favoring Real Assets Despite Risks of Short-Term Consolidation.
Nikkei 225: Asia-Pacific Markets operated Higher Wednesday, With Japan’s Nikkei 225 Up 0.3%, Even As Renewed US-CCHINA Trade Tensions and Threats of “retribution” from
Elsewhere in Crypto:
- Binance Claims It ‘Does Not Profit’ from It Token Listing Process, Calls Allegations ‘FALSE AND DEFAMATORY’ (The BLOCK)
- Laura Loomer Stokes Speculation Over Trump SBF PARDON: IS THERE Anything to It? (Decrypt)
- Celsius Wind-Down Secures $ 300m From Tether, Say Gxd Labs, Vaneck (Coindesk)
Combined Spot and Derivatives Volumes Fell 17.5% in September, Continuing A Four-Year Seasonal Trend
- Trading Activity Falls 17.5% In September Slowdown: Combined Spot and Derivatives Volumes Droped to $ 8.12 Trillion, Marking The FIRST DECLINE AFTER THREE MONHS OF GROWTH. September Has Now Seen Reduced Trading Volume for the Fourth Consuctive Year.
- Open Interest Reaches Record High Despite Derivatives Market Share Decline: Total Open Interest Surged 3.2% to $ 204 Billion and Peaked at An All-Time High of $ 230 Billion During the MONTH.
- Altcoins on cme Outperform as Bitcoin and Ether Futures Decline: While CME’s Total Derivatives Volume Stayed Flat at $ 287 Billion (-0.08%), Sol Futures Jumped 57.1% to $ 13.5 Billion and Xrp Futures Rose 7.19% to $ 7.84. BTC and Eth Futures Fell 4.05% and 17.9% Respectvely.
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Crypto Prices Were Down Sizably on Tuesday But Bounced Off of Their Worst Levels.
- Bitcoin and Cryptos Finished Sizably Lower But Off Their Worst Levels As Federal Reserve Chair Jerome Powell’s Slightly Dovish Comments Provided Relief for Risk Assets.
- Bitfarms (Bitf), Cleanspark (CLSK), Iren (Iren), Marathon Digital (Mara) and Terawulf (WULF) Surged Over 10% As Investors Continue to Bid Up Btc Mines As AS ASA.
- Friday’s Leverage DrawDown Creates a “Constructive Setup,” K33 Research Head Vetle Lunde Said.
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