Take BlackRock, the titan who keeps the books of this old world, sitting on $26 billion in private credit funds, lately shutting the door on investors trying to pull out $1.2 billion-a gesture that stirs more FUD than a farmer at dawn complaining about the weather.
The dollar, that unyielding colossus, ascends with the vigor of a conqueror, casting its shadow over the fragile crypto world. Solana, like a prisoner in a Siberian gulag, falls to $83.67, its spirit battered by the cold wind of a stronger currency.
According to coinglass.com stats, across the grand global stage of derivatives, total futures open interest stands at 655,470 BTC, valued at roughly $44.45 billion. The action is spread across the big houses, with Binance leading at 118,020 BTC ($8 billion), followed by CME at 103,410 BTC ($7.01 billion). While Binance’s open interest slipped 1.08% over 24 hours, CME saw a somewhat stiffer 5.09% decline, hinting that the institutional crowd cooled its jets a notch during the latest price consolidation.
In the annals of modern folly, Nevin Shetty, erstwhile CFO of the software firm Fabric, has etched his name-not with quill and ink, but with wire transfers and hubris. Two years’ imprisonment, a paltry penance for a heist that would make a highwayman blush, was his due.
After a month of trading within its usual range, one analyst is optimistic about its future, based on the BTC Inter-exchange Flow Pulse indicator.
The Entity-Adjusted NUPL, whatever that mouthful means, has slumped to around 0.2, shoving sentiment into the “historical fear zone.” Remember the good old days when it was hovering near 0.6 and Bitcoin was flirting with $110,000? Ah, nostalgia. Since then, persistent selling pressure has squashed unrealized profits across the network like a particularly enthusiastic toddler with a bag of crisps.
Ethereum, XRP, Solana, and even the ever-loyal Dogecoin-all have followed suit, shedding value like autumn leaves in a tempest. A 3% to 5% decline, you say? Mere pocket change for the gods of chaos who now preside over our markets.
So, the ultimate question persists: Is the Bitcoin bottom already forming, or are we merely standing on the edge of another wild ride? Let’s take a look at five on-chain signals that might be pointing to a Bitcoin price bottom, or at least a very awkwardly-shaped puddle of it.
More and more women in India are getting involved in cryptocurrency, and recent data shows they’re not just buying, but also spreading their investments across different types of crypto.
The message is from Wei Zhao, a crypto investor in China, and a recent post of his is becoming very popular online. However, his reasoning isn’t the typical discussion about Bitcoin’s predictable cycles. He’s presenting a different, and potentially more fundamental, argument.