Altcoins have reached oversold levels, similar to those seen during the coronavirus crisis. Looking at the prices of most altcoins, it's clear they couldn't go any lower 🫡
What about BTC: ▪️ No overnight miracles happened; we continue to trade sideways between $90,000 and $85,000. ▪️ CryptoQuant analyzed the activity of highly active BTC wallets and now expects a localized rally after accumulation through the sideways trend is complete. ▪️ VanEck noted a sharp decline in BTC's hashrate. The leading cryptocurrency rises for the next 90 days after miners capitulate in 65% of cases. Not the biggest percentage 🕯
ETH Treasuries: ▪️ Tom Lee stockpiled another 29,462 ETH ($88 million) ▪️ ETHZilla, backed by Peter Thiel, sold 24,291 ETH ($74 million) to pay off debts. They still have ETH on their balance sheet, but accumulating the top two cryptocurrencies is no longer a priority 😟
Whales are suffering: ▪️ 0x72F8 sold 16.86 million ENA for a loss of $15 million (↓81%). ▪️ 3QB9kH dumped 3.806 billion PUMP for a loss of $12 million (↓62 million) 🔪 #btc $ETH #usdt #sol #ltc #xrp $GT $GUSD
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deltapro
· 12-23 08:23
🚀#BTC @ $87200, #ETH @ $2950
Index of fear and greed - 29
Season alt index - 16
Market capitalization - $3.1 trillion.
Thoughts on coins
📉 Short applicants:
— DOLO
—F
📈 Long candidates:
-H
- B2
Altcoins have reached oversold levels, similar to those seen during the coronavirus crisis. Looking at the prices of most altcoins, it's clear they couldn't go any lower 🫡
What about BTC:
▪️ No overnight miracles happened; we continue to trade sideways between $90,000 and $85,000.
▪️ CryptoQuant analyzed the activity of highly active BTC wallets and now expects a localized rally after accumulation through the sideways trend is complete.
▪️ VanEck noted a sharp decline in BTC's hashrate. The leading cryptocurrency rises for the next 90 days after miners capitulate in 65% of cases. Not the biggest percentage 🕯
ETH Treasuries:
▪️ Tom Lee stockpiled another 29,462 ETH ($88 million)
▪️ ETHZilla, backed by Peter Thiel, sold 24,291 ETH ($74 million) to pay off debts. They still have ETH on their balance sheet, but accumulating the top two cryptocurrencies is no longer a priority 😟
Whales are suffering:
▪️ 0x72F8 sold 16.86 million ENA for a loss of $15 million (↓81%).
▪️ 3QB9kH dumped 3.806 billion PUMP for a loss of $12 million (↓62 million) 🔪
#btc $ETH #usdt #sol #ltc #xrp $GT $GUSD