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🚨 Blackrock Buys 3950 Bitcoin 🔥 Blackrock now holds 544K #Bitcoin 1M is inevitable
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#HBAR top 5. Faces will be melted.
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🆘 What happened in Crypto in the last 12h? 🆘 • $BTC - MicroStrategy purchased an additional 15,350 BTC (~$1.5B) at an average price of $100,386 per $BTC. • FTX announced that it will begin repaying customers in early January 2025 under a court-approved restructuring plan, and will work with BitGo and Kraken to distribute assets. • $PENGU $CAT - Binance will list $CAT and $PENGU on December 17, at 9AM UTC and 2PM UTC respectively. $PENGU claims are available starting at 1pm UTC. • $USUAL - Binance announced that the $USUAL pre-market will close on Dec 17 at 9AM UTC and the $USUAL spot market will open at 11AM UTC. • $ETHFI - Ether.fi Foundation published a proposal to utilize 5% of the protocol's revenue to buy back $ETHFI every month and distribute it to $ETHFI stakers. • $ZEN - Grayscale has introduced new crypto funds for $ZEN, accessible to accredited investors. • Monad announced the creation of the Monad Foundation. • $ENA - Ethena Labs launches $USDtb, a stablecoin backed by BlackRock's BUIDL fund. Ethena's Risk Committee approved a proposal for $USDtb to be able to serve as a backing asset for USDe in periods of negative funding rates. • $AVAX - Avalanche announced that Avalanche9000 is now live on the mainnet. • $XRP - Ripple has launched $RLUSD, a stablecoin that was delayed due to approval issues. $RLUSD is available on global exchanges starting Dec 17th. • $AUCTION - Bounce tweeted that its own Perps exchange, BounceX, is launching soon.
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#Bitcoin MACD about to make a bullish crossover. #Higher 🚀
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The $70k Bitcoin Puts: Betting Against the Narrative In December, a big player placed a bet: $70,000 Bitcoin puts expiring in March. It wasn’t a bearish declaration—it was a calculated strike against the market’s faith in itself. At the heart of the story is Michael Saylor, Bitcoin’s loudest evangelist. Through MicroStrategy, he’s bought 152,800 BTC, fueled by ATM equity issuances. But his war chest is running dry—just 68 days of capital left. Worse, MicroStrategy faces a blackout in January, pausing its relentless Bitcoin buys. Without Saylor’s TWAP bids, the market is left to fend for itself, vulnerable to a stumble. Add geopolitical risk. With Trump back in office, his unpredictable moves on Israel, Russia, and China could shock markets. Meanwhile, hopes for the Strategic Bitcoin Reserve Act are priced as a sure thing, ignoring political reality. These cracks are exactly what the puts buyer saw—a market riding too high on shaky assumptions. The setup is clean: Bitcoin rallies into year-end, maybe hitting $130,000. Then comes the January pause, and prices correct to $80,000–$100,000, exactly where the puts cash in. This wasn’t a bet against Bitcoin’s future—it was a masterstroke of timing. It’s not just about price; it’s about seeing the story the market is too eager to tell itself. #BTCNewATHAgain #Bitcoin110KNext? #BTCNewATH #MarketNewHype
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