After a stormy day, the situation today
-The market has turned green again this morning, but whether it is a scam or not, we cannot know
BTC: ~$55.7k
ETH: ~$2.5k
Total market cap: back to 2 trillion USD
-Jump Trading - the hottest name yesterday, seems peaceful today. However, Jump is still holding an amount of ETH equivalent to $150M. If Jump continues to sell, the market may shake again.
Currently, there are many rumors about Jump Trading but there has been no response from the fund representative. The crypto market may revolve around this fund story in the next few days
-FedEx cash flow
~Bitcoin ETF Spot (5/8): -$168M (BlackRock statistics not yet available)
~Ethereum ETF Spot: (5/8): +$50.7M
-Last night the US government tested money transfers đ when making transactions to transfer ETH to new wallets in turn
- 1st time: 0.04ETH
- 2nd time: ~300ETH
The US government wallet still owns 50k ETH (~$118M) and 203k BTC (~$10.7B)
Total liquidation in 24h is $630M, of which long positions are $375M
-The greed and fear index is at 17, we saw this number last around July 2022
Data: Coin98 Insghts $BTC $BNB $C98 #Write2Win #binance #btc #Web3 #UnicornChannel