The Bitcoin network, once proud and buzzing like a summer beehive, now limps along at approximately 993 EH/s. A mere number, yes, but one that speaks volumes-like a man counting his remaining hair in the mirror. This is the lowest the network has felt since last autumn, and frankly, it shows.
The altcoins, those lesser deities in this pantheon of speculation, have fared even worse. Ethereum, the silver to Bitcoin’s gold, now clings desperately to $3,200, while XRP has plunged below $2.00, its wounds gaping and raw. Yet, in this sea of red, XMR and ICP stand as defiant anomalies, their gains a mocking reminder of the capriciousness of fate. 🎭📉
As of January 19, Aster’s latest financial contraption went live, already leaving digital breadcrumbs on-chain for the terminally curious to follow. Because nothing says “trust us” like a public ledger that nobody actually reads.
Liquidations, those cruel harbingers of despair, surge forth like a torrent, claiming over $870 million in spoils! 😱 Longs, ever the optimists, bear the brunt of this calamity, losing nearly $790 million. Alas, poor traders! Their numbers swell to a staggering 250,000, according to the wise sages at CoinGlass. 📉
For ten days they wrestled over that fifteen-cent line like overripe fruit. Then, Saturday, the bulls, bless their optimistic hearts, just… pushed through. A clean break, they called it. More like a lucky shove, if you ask me.
SEI, that mischievous little scamp, has been playing hopscotch with market structures and guzzling liquidity like a greedy goblin at a lemonade stand. 🧃
Ethereum’s price, like a Victorian heroine, failed to hold above $3,300 and plunged into the abyss. It descended below $3,280 and $3,250, embracing the bearish zone with the enthusiasm of a man who just realized he’s out of gin.
Voici quelques points essentiels :
Kaiko Research, with all their fancy charts and graphs, decided to take a peek under the hood of Korean crypto liquidity. Spoiler: It’s not just about who’s shouting the loudest on the trading floor. Real liquidity, they say, is about pulling off a big trade without making the market throw a tantrum. Simple? No. But hey, nothing worth doing ever was. 😅
Ah, IBIT, the crown jewel of BlackRock, proudly led the pack with a princely sum of $1.035 billion in allocations. It dominated the scene like a czar surveying his empire, accounting for 73% of total weekly inflows across all Bitcoin ETF products. Truly, a masterstroke!