The Crypto Scene: Whales, Shrimp, and a Dash of Anime!

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🤑 The Crypto Scene: Whales, Shrimp, and a Dash of Anime! 🤑

The Crypto Scene: Whales, Shrimp, and a Dash of Anime!

A Crypto Daybook for the Discerning Investor:

By Omkar Godbole (All times ET unless indicated otherwise)

Ah, the crypto market. A whimsical dance of bulls and bears, where prices fluctuate with the unpredictability of a frisky kitten on a trampoline. Today, our beloved BTC is wobbling like a drunkard at a cocktail party. The Chicago Mercantile Exchange, that august citadel of institutional finance, has turned its nose up at the mere mention of XRP and SOL futures, leaving our crypto darlings feeling a tad unloved. And to add insult to injury, the Bank of Japan is threatening to raise interest rates on Friday. A real party-pooper, that one. 😏

But fear not, dear reader! For despite BTC’s meandering above $100,000, retail demand remains as robust as a well-fed shrimp. Those adorable shrimp, with their tiny holdings of up to 10 BTC, have gobbled up 1.9 times the newly mined supply last month, a total of over 25,600 BTC. Meanwhile, the venerable long-term holders are taking a more cautious approach, like wise old gentlemen nursing a single malt whisky. A measured investment strategy, if you will. 😉

However, falling below $100,000 could prove to be a bit of a bummer. Wintermute’s OTC trader, the always-quotable Jake Ostrovskis, warns that it could transform Monday’s inauguration into a sell-the-news event, leaving investors feeling like they’ve just been served a stale piece of bread. 😔

In the realm of XRP, rumors are flying faster than a flock of butterflies on speed. The number of whale wallets, those behemoths holding between 1 million and 10 million XRP, has reached an all-time high of 2,083. An impressive achievement, even for such large creatures! 🐳

On X, that digital water cooler of the internet, chatter about Bitcoin Synths is heating up like a well-seasoned curry. These synthetic assets allow users to ride the wave of Bitcoin’s price movements without actually owning the cryptocurrency. It’s like being a passenger in a luxury car without having to pay for the gas. 🤑

Ethereum layer-2 protocols are also making headlines, with transaction volumes

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2025-01-23 15:08