🌐 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%
📈 Key Market Insights:
1️⃣ Options 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.
2️⃣ Altcoin 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.
3️⃣ Justin 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.
4️⃣ Argentina vs Rainbowex Pyramid Scheme:
•Argentina has requested Tether to freeze $3.5M USDT linked to the Rainbowex scheme.
•Authorities conducted 22 search warrants and detained 22 individuals involved in misleading thousands of investors.
5️⃣ Polkadot 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.
6️⃣ Social 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! 🚀🔍
#CryptoMarket #Bitcoin #Altcoins #ETH #CryptoNews #Polkadot #JustinSun #Argentina #Tether