2024 US Presidential Election:
This event, highly correlated with the crypto market, has completed its first phase.
Trump won with 295 electoral votes against Harris's 226 votes.
The market also surged as expected.
💥 It is important to note that the inauguration date of the elected president is January 20, 2025, meaning that Trump's promised series of favorable policies for the crypto market will not materialize until at least 73 days later, and currently, it's just speculation based on positive expectations.
US Spot ETF Dynamics:
Bitcoin ETF: Net inflow of $622 million
Ethereum ETF: Net inflow of $52.29 million
💥 Except for a small sell-off by BlackRock, all other institutions are buying, creating a reversal and giving the impression that BlackRock is the real institution. Other institutions are just retail traders chasing highs and cutting losses.
Important News Dynamics:
Elon Musk's election donation return rate has exceeded 150 times
Dormant Ethereum whales that have been inactive for over 8 years are starting to sell over 11,000 Ethereum
In the past 12 hours, Tether (USDT issuer) injected 1.845 billion USDT into exchanges
In the past 24 hours, the DeFi sector has an average increase of 18%
Binance lists two new coins (COW) (CETUS)
Cow, a permissionless trading protocol on the Ethereum chain, and Cetus, a liquidity protocol based on MOVE on the Suichain.
Operation:
Spot BNB, ARKM, TAO, BOME, AR, continue to hold
Opinions and logic will be posted later, I'm hungry, going to have some food first
Other Data:
24-hour trading volume: 195.92 billion, up 40.46%
24-hour liquidation volume: 425 million, long positions 165 million, short positions 260 million
24h long-short ratio: Long 43.75%, Short 56.25%
Market share: Bitcoin 58.7%, Ethereum 13.5%
Crypto market cap: 2.53 trillion, up 2.12%
