bloodbath
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So sei just liquidated milions in shorts and longs and jumped right back. Its really looking strong compared to other coins even in this bloodbath market conditions.
I think right now the banks are just cramming up bitcoin thats why no one wants to show thier btc adresses, and Grayscale even admitted they will NEVER share thier wallet addres to the public. Just 😆.
Id say buy the dip, but if this is your last money, i suggest you wait a bit and let the market unfold itself a bit.
#Advice #bloodbath #buythedip
I think right now the banks are just cramming up bitcoin thats why no one wants to show thier btc adresses, and Grayscale even admitted they will NEVER share thier wallet addres to the public. Just 😆.
Id say buy the dip, but if this is your last money, i suggest you wait a bit and let the market unfold itself a bit.
#Advice #bloodbath #buythedip
Bitcoin ETF Could Trigger Crypto Exchange ‘Bloodbath’ Analyst Warns
If Bitcoin ETFs become a reality, it might not be good news for crypto exchanges like Coinbase. That’s because analysts think the fees these exchanges charge for transactions could go down, causing some challenges.
The crypto community is excitedly waiting for the potential approval of a Bitcoin exchange-traded fund (ETF) in the United States, with the value expected to be around $40,776. However, some experts caution that this approval might have not-so-good effects on cryptocurrency exchanges.
Spot Bitcoin ETF Approval: Potential Impact on Exchanges
Industry observers anticipate the trading debut of a spot Bitcoin ETF in early 2024, coinciding with Bitcoin’s upcoming block reward halving expected in April. Blockstream CEO Adam Back is optimistic, predicting this event could propel Bitcoin to $100,000.
Even more bullish, Bitcoin proponents like Jan3 CEO Samson Mow foresee the approval of a spot Bitcoin ETF in the U.S. driving Bitcoin to a staggering $1 million in the “days to weeks” following approval.
However, the outlook isn’t as rosy for centralized cryptocurrency exchanges, as noted by ETF Store president Nate Geraci and Bloomberg ETF analyst Eric Balchunas.
Once approved, Geraci believes a potential spot Bitcoin ETF in the U.S. could be a “bloodbath” for cryptocurrency exchanges. He explains that retail buyers and sellers of the spot Bitcoin ETF would benefit from institutional trade execution and lower commissions. In contrast, users of crypto exchanges would experience retail trade execution and commissions, prompting Geraci to emphasize the need for improvement in these areas to compete with a spot Bitcoin ETF.
Let’s check this 6mos after spot bitcoin ETFs launch…
Bet these tighten up pretty substantially. https://twitter.com/NateGeraci/status/1736561013720281499/photo/1
— Nate Geraci (@NateGeraci) Dec 18, 2023
Spot Bitcoin ETF and Its Potential Impact on Exchanges
Bloomberg ETF analyst Eric Balchunas points out a significant difference in trading costs between a spot Bitcoin ETF and popular exchanges. He highlights that trading a spot Bitcoin ETF would incur a 0.01% fee, which is the average cost for ETF trading. In contrast, exchanges like Coinbase charge higher trading costs, reaching up to 0.6%, depending on factors like the cryptocurrency, transaction size, and trading pairs.
If approved, the introduction of a spot Bitcoin ETF is expected to introduce more price competition in the crypto industry. This could redirect funds from exchanges that heavily invest in advertising, especially during events like the Super Bowl. Balchunas anticipates a shift in the industry landscape, stating that the launch of ETFs could mark the end of the era of high fees for some crypto exchanges.
He expressed this sentiment in an interview with industry journalist Laura Shin in September 2023, suggesting that the appeal of crypto exchanges, which profited significantly from their high fees, might decline with the advent of ETFs.
Coinbase, a major player in the exchange space, has traditionally earned a substantial portion of its revenue from transaction fees. In 2022, Coinbase generated $2.4 billion in transaction fees from both institutional and retail investors, constituting 77% of its total net revenue, which amounted to $3.1 billion. However, Coinbase has been actively diversifying its revenue streams, seeking to reduce its dependence on fees by offering additional income-generating services such as subscriptions.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#bitcoinetf #bloodbath
The crypto community is excitedly waiting for the potential approval of a Bitcoin exchange-traded fund (ETF) in the United States, with the value expected to be around $40,776. However, some experts caution that this approval might have not-so-good effects on cryptocurrency exchanges.
Spot Bitcoin ETF Approval: Potential Impact on Exchanges
Industry observers anticipate the trading debut of a spot Bitcoin ETF in early 2024, coinciding with Bitcoin’s upcoming block reward halving expected in April. Blockstream CEO Adam Back is optimistic, predicting this event could propel Bitcoin to $100,000.
Even more bullish, Bitcoin proponents like Jan3 CEO Samson Mow foresee the approval of a spot Bitcoin ETF in the U.S. driving Bitcoin to a staggering $1 million in the “days to weeks” following approval.
However, the outlook isn’t as rosy for centralized cryptocurrency exchanges, as noted by ETF Store president Nate Geraci and Bloomberg ETF analyst Eric Balchunas.
Once approved, Geraci believes a potential spot Bitcoin ETF in the U.S. could be a “bloodbath” for cryptocurrency exchanges. He explains that retail buyers and sellers of the spot Bitcoin ETF would benefit from institutional trade execution and lower commissions. In contrast, users of crypto exchanges would experience retail trade execution and commissions, prompting Geraci to emphasize the need for improvement in these areas to compete with a spot Bitcoin ETF.
Let’s check this 6mos after spot bitcoin ETFs launch…
Bet these tighten up pretty substantially. https://twitter.com/NateGeraci/status/1736561013720281499/photo/1
— Nate Geraci (@NateGeraci) Dec 18, 2023
Spot Bitcoin ETF and Its Potential Impact on Exchanges
Bloomberg ETF analyst Eric Balchunas points out a significant difference in trading costs between a spot Bitcoin ETF and popular exchanges. He highlights that trading a spot Bitcoin ETF would incur a 0.01% fee, which is the average cost for ETF trading. In contrast, exchanges like Coinbase charge higher trading costs, reaching up to 0.6%, depending on factors like the cryptocurrency, transaction size, and trading pairs.
If approved, the introduction of a spot Bitcoin ETF is expected to introduce more price competition in the crypto industry. This could redirect funds from exchanges that heavily invest in advertising, especially during events like the Super Bowl. Balchunas anticipates a shift in the industry landscape, stating that the launch of ETFs could mark the end of the era of high fees for some crypto exchanges.
He expressed this sentiment in an interview with industry journalist Laura Shin in September 2023, suggesting that the appeal of crypto exchanges, which profited significantly from their high fees, might decline with the advent of ETFs.
Coinbase, a major player in the exchange space, has traditionally earned a substantial portion of its revenue from transaction fees. In 2022, Coinbase generated $2.4 billion in transaction fees from both institutional and retail investors, constituting 77% of its total net revenue, which amounted to $3.1 billion. However, Coinbase has been actively diversifying its revenue streams, seeking to reduce its dependence on fees by offering additional income-generating services such as subscriptions.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#bitcoinetf #bloodbath
#Write2earn #Bitcoin Pullback: #ETF Outflows Signal Market Uncertainty, one of the worst weeks in 2024 #bitcoinETF #bloodbath $BTC
Bitcoin has pulled back over 10% from its peak, mainly due to reduced interest in new spot Bitcoin exchange-traded funds. JPMorgan Chase and Co. analysts are cautioning that this pullback might have further to go.
The cluster of 10 spot Bitcoin ETFs is witnessing its largest weekly outflow since their launch on January 11. Concurrently, Bitcoin, the world’s largest cryptocurrency, is experiencing one of its toughest weeks this year, with a 4% drop. Its value stands at $65,434 as of 9:48 a.m. Friday in London.
According to JPMorgan strategists, Bitcoin appears to be overvalued, echoing their earlier prediction in February of possible declines leading up to April's highly anticipated halving event, which will reduce the supply of newly mined Bitcoin.
The sustained interest in CME Bitcoin futures coupled with declining flows into ETFs are significant warning signs for Bitcoin's price, the strategists noted in a Thursday report.
The strategists also highlighted a slowdown in net inflows into spot Bitcoin ETFs, particularly evident in the past week with significant outflows. This challenges the expectation of a continuous one-way influx into spot Bitcoin ETFs. They anticipate profit-taking to persist as the halving event nears, especially given the currently overbought market sentiment despite the recent correction.
In the previous month, the bank forecasted a potential drop in Bitcoin's price to around $42,000 post-April as the hype around the halving event diminishes.
From Monday through Thursday, a net $836 million was withdrawn from ETFs, reflecting outflows from the Grayscale Bitcoin Trust and a decrease in subscriptions for similar offerings from companies like BlackRock Inc. and Fidelity Investments.
Despite the record high of nearly $73,798 on March 14, retail trader enthusiasm may be fading, according to Naeem Aslam, chief investment officer at Zaye Capital Markets.
Bitcoin has pulled back over 10% from its peak, mainly due to reduced interest in new spot Bitcoin exchange-traded funds. JPMorgan Chase and Co. analysts are cautioning that this pullback might have further to go.
The cluster of 10 spot Bitcoin ETFs is witnessing its largest weekly outflow since their launch on January 11. Concurrently, Bitcoin, the world’s largest cryptocurrency, is experiencing one of its toughest weeks this year, with a 4% drop. Its value stands at $65,434 as of 9:48 a.m. Friday in London.
According to JPMorgan strategists, Bitcoin appears to be overvalued, echoing their earlier prediction in February of possible declines leading up to April's highly anticipated halving event, which will reduce the supply of newly mined Bitcoin.
The sustained interest in CME Bitcoin futures coupled with declining flows into ETFs are significant warning signs for Bitcoin's price, the strategists noted in a Thursday report.
The strategists also highlighted a slowdown in net inflows into spot Bitcoin ETFs, particularly evident in the past week with significant outflows. This challenges the expectation of a continuous one-way influx into spot Bitcoin ETFs. They anticipate profit-taking to persist as the halving event nears, especially given the currently overbought market sentiment despite the recent correction.
In the previous month, the bank forecasted a potential drop in Bitcoin's price to around $42,000 post-April as the hype around the halving event diminishes.
From Monday through Thursday, a net $836 million was withdrawn from ETFs, reflecting outflows from the Grayscale Bitcoin Trust and a decrease in subscriptions for similar offerings from companies like BlackRock Inc. and Fidelity Investments.
Despite the record high of nearly $73,798 on March 14, retail trader enthusiasm may be fading, according to Naeem Aslam, chief investment officer at Zaye Capital Markets.
#bloodbath
After a normal correction here should be bull run again
otherwise
I am looking a bloodbath again as past what you say give your opinion
After a normal correction here should be bull run again
otherwise
I am looking a bloodbath again as past what you say give your opinion
bloodbath
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Crypto Bloodbath: $67 Million Liquidated in 4 Hours
Fear gripped the crypto market on March 12th as Coinglass data, reported by BlockBeats, reveals a massive $67.12 million liquidation event in just 4 hours. This fire sale highlights the fragile state of the market and the potential for further losses.
Long Positions Decimated: A staggering $40.53 million came from liquidated long positions, indicating investors who bet on rising prices were forced to sell at a loss. This suggests a significant drop in confidence and potential for a downward spiral.
Short Squeeze Fizzles: While $26.6 million came from short positions, this could be a sign of short-term volatility rather than a bullish reversal. It's possible these were stop-loss orders triggered by the sudden price drop, not a broader short squeeze.
Market on the Brink? This massive liquidation event serves as a stark reminder of the ruthless volatility in the crypto market. Investors should be extremely cautious and prepared for potentially significant further losses.
Coinglass data paints a grim picture of the current market climate, emphasizing the high risk associated with trading digital assets in these uncertain times.
$BTC $ETH $BNB #bloodbath #dump #bearishmomentum
Fear gripped the crypto market on March 12th as Coinglass data, reported by BlockBeats, reveals a massive $67.12 million liquidation event in just 4 hours. This fire sale highlights the fragile state of the market and the potential for further losses.
Long Positions Decimated: A staggering $40.53 million came from liquidated long positions, indicating investors who bet on rising prices were forced to sell at a loss. This suggests a significant drop in confidence and potential for a downward spiral.
Short Squeeze Fizzles: While $26.6 million came from short positions, this could be a sign of short-term volatility rather than a bullish reversal. It's possible these were stop-loss orders triggered by the sudden price drop, not a broader short squeeze.
Market on the Brink? This massive liquidation event serves as a stark reminder of the ruthless volatility in the crypto market. Investors should be extremely cautious and prepared for potentially significant further losses.
Coinglass data paints a grim picture of the current market climate, emphasizing the high risk associated with trading digital assets in these uncertain times.
$BTC $ETH $BNB #bloodbath #dump #bearishmomentum
#write2earn #BITCOIN FACES TURBULENCE: #ETF DEMAND WANES AMID FED UNCERTAINTY #bloodbath #bitcoinETF
Bitcoin took a dive to its lowest point in two weeks, but then managed to recover some losses as interest in dedicated US exchange-traded funds dwindles and investors start questioning how fast the Federal Reserve can slash interest rates.
Since hitting a record high of almost $73,798 on March 14, the digital currency has been on a downward trend, raising doubts about whether it’s hit its peak for now. Bitcoin dropped by as much as 4.6% before stabilizing around $63,350 on Wednesday.
The excitement around US spot-Bitcoin ETFs, which were launched with great hype on January 11, has cooled off. While these products saw a net inflow of $11.7 billion overall, they experienced their largest outflow on Tuesday.
The exit from the Grayscale Bitcoin Trust led to a $326 million outflow, while subscriptions dwindled for similar offerings from companies like Fidelity Investments and BlackRock Inc., according to Bloomberg data.
Bitcoin’s decline is happening as uncertainty looms over whether the Fed will adjust its rate-cut projections due to higher-than-targeted inflation. This uncertainty doesn’t bode well for speculators.
Tony Sycamore, a market analyst at IG Australia Pty, noted that some latecomers who bought in above $60,000 are now facing a reality check, especially those who expected a continuous influx into the new Bitcoin ETFs.
The broader crypto market has shed around $460 billion since reaching $2.9 trillion last week, according to CoinGecko. Tokens like Ether, BNB, and even the meme-favorite Dogecoin are all seeing losses.
The liquidation of bullish bets using derivatives could prolong, potentially hindering a quick recovery in the digital asset market, as suggested by K33 Research.
K33 Research’s Anders Helseth and Vetle Lunde highlighted the substantial liquidation of about $511 million worth of bullish crypto wagers in the past 24 hours, indicating significant downside volatility.
Bitcoin took a dive to its lowest point in two weeks, but then managed to recover some losses as interest in dedicated US exchange-traded funds dwindles and investors start questioning how fast the Federal Reserve can slash interest rates.
Since hitting a record high of almost $73,798 on March 14, the digital currency has been on a downward trend, raising doubts about whether it’s hit its peak for now. Bitcoin dropped by as much as 4.6% before stabilizing around $63,350 on Wednesday.
The excitement around US spot-Bitcoin ETFs, which were launched with great hype on January 11, has cooled off. While these products saw a net inflow of $11.7 billion overall, they experienced their largest outflow on Tuesday.
The exit from the Grayscale Bitcoin Trust led to a $326 million outflow, while subscriptions dwindled for similar offerings from companies like Fidelity Investments and BlackRock Inc., according to Bloomberg data.
Bitcoin’s decline is happening as uncertainty looms over whether the Fed will adjust its rate-cut projections due to higher-than-targeted inflation. This uncertainty doesn’t bode well for speculators.
Tony Sycamore, a market analyst at IG Australia Pty, noted that some latecomers who bought in above $60,000 are now facing a reality check, especially those who expected a continuous influx into the new Bitcoin ETFs.
The broader crypto market has shed around $460 billion since reaching $2.9 trillion last week, according to CoinGecko. Tokens like Ether, BNB, and even the meme-favorite Dogecoin are all seeing losses.
The liquidation of bullish bets using derivatives could prolong, potentially hindering a quick recovery in the digital asset market, as suggested by K33 Research.
K33 Research’s Anders Helseth and Vetle Lunde highlighted the substantial liquidation of about $511 million worth of bullish crypto wagers in the past 24 hours, indicating significant downside volatility.
Sometimes life goes up, sometimes life goes up and down and sometimes life goes down and down and down.
I lost some money on the charts, but I’m still not selling. So maybe some coins will never get up again, others will. Let’s see where the journey goes from here.
#bloodbath #Memecoins #bitcoinhalving #BinanceLaunchpool
I lost some money on the charts, but I’m still not selling. So maybe some coins will never get up again, others will. Let’s see where the journey goes from here.
#bloodbath #Memecoins #bitcoinhalving #BinanceLaunchpool
Common $BTC Give us a break 😅
Wow The Market is Dumping Hard. I hope you all are surviving the Dip🥂
#BTC #bloodbath #BullorBear
Wow The Market is Dumping Hard. I hope you all are surviving the Dip🥂
#BTC #bloodbath #BullorBear
The magic happens here! Hold tight! 🚨
The #bloodbath happening is where the true magic is! Let the market shake off a bit! 💸
Hodling good projects like $FLUX will hold on just well! Spend some time away for now!
WE ARE DIAMOND HANDS!
The #bloodbath happening is where the true magic is! Let the market shake off a bit! 💸
Hodling good projects like $FLUX will hold on just well! Spend some time away for now!
WE ARE DIAMOND HANDS!
