By Omkar Godbole (All Times et unless indicated otherwise)
The cryptography market has stagnated since Saturday, with Bitcoin Once again, you cannot maintain profits above $ 116,000 along with the continuous sale of the wallets of the first users or OGs.
According to Blockchain Lookonchain analyst, on Sunday, an eight -year -old BTC holder moved 1,176 BTC worth more than $ 136 million to hyperlichid and began to pour. It is known that this headline has exchanged 35,991 BTC for 886,731 ETH in recent months.
Other long -term holders have also been liquidating coins in recent months as the market continues to adjust at a price of six figures such as the new normality for BTC.
But the last sale is not only limited to long -term holders. The data in the chain tracked by Glassnode showed that the wallets of all the sizes have distributed coins.
In the case of Ether, whales of whales continue to climb the exhibition, which suggests a higher performance of Ether in relation to Bitcoin. The Ether-bitcoin ratio in Binance, however, fell for the third consecutive day, unable to capitalize on the rupture of the descending trend line confirmed on Friday.
Memecoins, recent higher yields, have also been pressed, with Top, Doge and Shib tokens, losing 10% and 6%, respectively, in the last 24 hours.
The Native Sol de Solana token quoted more than 2% lower than $ 234 despite the key participants of the industry take measures to accelerate the adoption of decentralized finance native of Solana (Defi).
Kyle Samani, president of the Solana Treasury Company, which is quoted in Nasdaq, said in X that the company plans to display funds in the protocols defi with headquarters in Solana. Last week, Forward raised $ 1.65 billion in a private placement directed by Mulicoin Capital, Galaxy Digital and Jump Crypto.
Samani was responding to an idea raised by a cryptographic merchant, ANSEM, who requested corporate treasure funds to invest in a Solana -headquarters to boost the defi appeal of the network in relation to the giant of the Ethereum industry.
In traditional markets, the positioning of investors in the S&P 500 seemed totally biased. “The feeling is at the extremes. Be careful there,” said the pseudonym observer the short bear in X. Keep alert!
What to see
- Crypto
- Macro
- Earnings (Estimates based on data data)
Token events
- Government votes and calls
- Curve Dao is voting to update the Twocrypto contracts enabled for donations, refining the award of donation so that the unlocked portions persist after Burns. The vote ends on September 16.
- You unlock
- September 15: Starknet (STRK) Unlock 5.98% of its circulating supply for a value of $ 17.09 million.
- September 15: SEI Unlock 1.18% of its circulating supply for a value of $ 18.06 million.
- Lanza Token
- September 15: OpenLedger (OpenLedger) Be on the list at Crypto.com.
Conferences
Token talk
By Oliver Knight
- Monero Blockchain suffered his deepest reorg on Monday, backing 18 blocks.
- A blockchain reorganization, or Reorg, occurs when the nodes leave part of the existing chain to follow a longer with more work proof. The change occurs during a temporary bifurcation, when two versions of the chain compete.
- Monero’s Token XMR remained imperturbable during the cannon; Rallying in 5% despite the Qubic attack, a block chain centered on AI and the mining group focused on layer 1 that tried to take care of the Monero block chain by accumulating 51% of the mining power last month.
- The event rewritten approximately 36 minutes of transactions history and invalidated about 118 confirmed transactions, which caused concerns about network security.
- Crypto Podcast Xenu said that Qubic’s reorg was an attempt to “stop the bleeding” of the XMR price after it fell from $ 344 to $ 235 during the initial attack of 51% in August.
- XMR is currently traded at $ 304 after negative feeling with a daily negotiation volume that increases 78% to $ 136 million.
Derivative positioning
By Omkar Godbole
- The 25 main currencies have experienced a decrease in futures of open interest (I heard) In the last 24 hours, with Memecoins, such as Dege, Pepe and Fartcoin, registering two digit capital exits. This contrasts with the previously fed rebound seen in most tokens.
- Global Futures Oi Tally of BTC has been withdrawn to 720k BTC from the almost record of 744k BTC last week. The total OI throughout the market has returned to $ 90 billion of $ 95 billion over the weekend.
- The ETH account grew to more than 14 million ether of approximately 13.2 million ether earlier this month, indicating renewed capital tickets. However, this does not necessarily indicate bullish positioning, such as the cumulative volume of Oi Delta of the cumulative volume (CVD) Because ETH has been negative during the last 24 hours. That is a net sales signal.
- Most important tokens have seen a negative ECV over the last 24 hours.
- The activity in the futures mentioned by CME seems to be collecting the rhythm, with OI bouncing 141.69k BTC from the multimontto minimum of 133.25k BTC earlier this week. The annualized rate on a base of three months remains below 10%, extending consolidation. The Eth OI OI remains below 2 million ether.
- In Deribit, putting bias in BTC and ETH has decreased significantly in all tenors, since markets anticipate Fed rates cuts in the coming months. The implicit volatility term structure remains in counting, and the expiration of December is expected to be more volatile.
Market movements
- BTC has dropped 1.1% of the 4 pm et on Friday at $ 114,933.52 (24 hours: -1%)
- ETH has dropped 3.1% to $ 4,528.04 (24 hours: -3.22%)
- COINDESK 20 has dropped 2.73% to 4,245.39 (24 hours: -3.35%)
- The commitment rate composed of CESR Ether Cesr has dropped 2 PB to 2.82%
- BTC’s financing rate is at 0.0081% (8,829% annualized) In Binance
- DXY has not changed to 97.48
- Gold futures have dropped 0.29% to $ 3,675.80
- Silver futures have dropped 0.56% to $ 42.59
- Nikkei 225 closed 0.89% to 44,768.12
- Hang Seng closed 0.22% to 26,446.56
- Ftse fell 0.1% to 9,273.57
- Euro Stoxx 50 has increased 0.6% to 5,423.13
- Djia closed 0.59% to 45,834.22 on Friday
- S&P 500 closed without changes at 6,584.29
- The Nasdaq compound closed 0.44% to 22,141.10
- The S&P/TSX compound closed 0.42% to 29,283.82
- S&P 40 Latina America closed without changes at 2,857.80
- The 10 -year Treasury rate. UU. It has not changed at 4,059%
- E-mini s & p 500 futures have not changed to 6,594.50
- E-mini nasdaq-100 futures have not changed to 24,098.00
- The average E-Mini Dow Jones Industrial Industrial increased 0.22% to 45,957.00
Bitcoin statistics
- BTC domain: 58.11% (0.57%)
- Bitcoin ether ratio: 0.03938 (-1.38%)
- CONEHRATE (seven -day mobile): 1,025 eh/s
- Vegetable patch (place): $ 53.81
- Total rates: 3.13 BTC / $ 362,347
- CME Futures Open Interest: 141,690 BTC
- BTC with a gold price: 31.5 oz
- BTC vs Gold Market Cap: 8.90%
Technical analysis
- Doge has fallen from 30.7 cents to 26 cents, penetrating the bullish trend line from September 6.
- The breakdown suggests a renewed impulse of the seller.
- Prices have also found acceptance below the Ichimoku cloud. It is said that crossovers under the cloud represents a bearish change in the trend.
Cryptographic equities
- Global coinbase (COIN): CLOSED FRIDAY TO $ 323.04 (-0.28%)-0.34% at $ 321.95 in pre -entertainment
- Circle (CRCL): closed at $ 125.32 (-6.27%)+1.81% at $ 127.59
- Galaxy Digital (GLXY): closed at $ 29.70 (+2.88%)-0.47% at $ 29.56
- Bullish (BLsh): closed at $ 51.84 (-3.98%)+1.72% at $ 52.73
- Mara Holdings (Mara): closed at $ 16.31 (+3.82%)-0.67% at $ 16.20
- Riot platforms (RIOT): closed at $ 15.89 (+1.53%)-0.44% at $ 15.82
- Core scientist (Corz): closed at $ 15.86 (+1.99%)-0.38% at $ 15.80
- Clean park (CLSK): closed at $ 10.35 (+1.47%)No changes in the previous market
- Coinshares Valkcoin Bitcoin Miners ETF (Wgmi): closed at $ 37.32 (+4.63%)
- Exodus movement (Exod): closed at $ 28.36 (-1.73%)No changes in the previous market
Crypto Treasury Companies
- Strategy (Mstr): closed at $ 331.44 (+1.66%)-0.53% at $ 329.68
- Semler Scientific (SMLR): closed at $ 29.19 (+2.28%)
- Sharplink Gaming (Sbet): closed at $ 17.7 (+8.19%)-2.26% at $ 17.30
- UPEXI (UPXI): closed at $ 6.76 (+18.93%)+1.55% at $ 6.86
- Lite strategy (LITS): closed at $ 3.07 (+10.43%)
ETF flows
Spot BTC ETFS
- Daily net flow: $ 642.4 million
- Cumulative net flows: $ 56.79 billion
- Total BTC holdings ~ 1.31 million
Spot Eth Ethfs
- Daily net flow: $ 405.5 million
- Cumulative net flows: $ 13.38 billion
- Total eth holdings ~ 6.48 million
Source: Farside Investors
While you sleep
- What follows for Bitcoin and Ether, since the downward fears are facilitated before the Fed Rate cut? (Cindenesk): Amberdata Greg Magadini says that a routine cut in a quarter cord could mean gradual profits, while a half -point movement could trigger an explosive rally in BTC, Eth, Sun, Sun and Gold.
- The limits proposed by the Stablecoin property of the Bank of England are unfeasible, cryptographic groups say (Cindenesk): Executives say that the limits proposed by the United Kingdom could be impossible to enforce and the risk of pushing innovation abroad, while US rules. And the EU establish standards without limiting holdings.
- LSE Group starts the blockchain platform for access by private funds (Bloomberg): The infrastructure of the digital markets of LSEG, built to increase efficiency, was used in a fundraising for members for the MCM 1 fund with Crypto Exchange Archax that serves to the role of nominee.
- The Trump administration affirms vast powers, since it runs to shoot governor before meeting (The New York Times): In Sunday’s presentation to a Federal Court of Appeals, the lawyers of the Department of Justice argued that Trump’s authority to expel the governor of the Fed, Lisa Cook, was “not revisable” and “reasonable.”
- The BOE is expected to leave the key rate on hold, but the slow quantitative tightening (The Wall Street Journal): The signs of internal resistance have questioned the short -term rate cuts, with four MPC members opposing the last movement and the governor of BOE Andrew Bailey warning inflation pressures complicate policy options.
