📊DAILY EDGE📉
🌐Global Market Cap: $3.3T (-0.53%)
💰Bitcoin (BTC):
•Range: $92,520 - $96,539
•Current: $94,155 (-1.84%)
🚀Top Performers:
•PHA: +34%
•ZEN: +30%
•BAT: +25%
Market Insights:
1️⃣Options Expiry Ahead:
•QCP Market Analysis reveals that $20B BTC & ETH options will expire this Friday, representing nearly half of Deribit’s total
open interest.
•Analysts expect post-expiry volatility, with sellers closing
positions and spot prices fluctuating.
•If BTC surpasses $100K, volatility could remain elevated.
2️⃣Altcoin Watch:
•BTC remains under the $100K resistance, with dominance at
58%.
•Analysts suggest a potential rotation into altcoins if BTC
dominance drops significantly, mirroring a pattern observed a
month ago.
3️⃣Justin Sun Clarifies Rumors:
•Addressing social media speculation, Justin Sun denied
rumors of liquidating his ETH holdings.
•He explained that recent ETH movements were merely wallet
transfers by his team, reaffirming his long-term confidence in
Ethereum.
4️⃣Argentina vs Rainbowex Pyramid Scheme:
•Argentina has requested Tether to freeze $3.5M USDT linked to the Rainbowex scheme.
•Authorities conducted 22 search warrants
5️⃣Polkadot Governance Activity:
•Data from Dune Analytics highlights increased participation in
Polkadot’s OpenGov governance system.
•DOT voting engagement spikes from 32.65% to 65.30% of
supply during high-activity periods, showing robust
participation.
6️⃣Social Media Freeze:
•aiPool founder Skely’s X account has been frozen.
•Reasons remain undisclosed, but the incident raises concerns about platform transparency and ongoing scrutiny of influential
crypto figures.
📊Market Sentiment:
As the year-end approaches, volatility remains a key theme,
with major expiries, regulatory crackdowns, and whale
movements shaping the narrative. Investors are urged to stay
cautious but alert, as these events could trigger market-defining movements.
Stay informed, stay sharp!🚀🔍
THIS IS NOT FINANCIAL ADVICE! DYOR
#CryptoMarket