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Ethereum
fell below $3,400, with a 24-hour drop of 7.1%, and
Bitcoin
fell below $97,000. The 24-hour liquidation reached $1.03 billion today, with long orders liquidated at $861 million. https://www.coinglass.com/LiquidationData
#BTC
#ETH
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20 Dec Options Data 21,000 BTC options expired with a Put Call Ratio of 0.87, a Maxpain point of $101,000 and a notional value of $2.04 billion. 173,000 ETH options expired with a Put Call Ratio of 0.5, a Maxpain point of $3,750 and a notional value of $590 million. As time approaches Christmas and annual delivery, ETFs are starting to see significant outflows, market makers are continuing to adjust their positions.
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According to Bloomberg, ARK Invest CEO Cathie Wood reiterated her prediction that Bitcoin will exceed $1 million by 2030. She emphasized that Bitcoin has a scarcity advantage over gold. When the price of gold rises, mining companies will increase mining and accelerate supply growth, but this will not happen with Bitcoin.
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Bithumb, the second largest exchange in South Korea, announced today that it has added the DeBridge (DBR) Korean won market. DeBridge is one of the largest cross-chain bridges on Solana. https://feed.bithumb.com/notice/1645333
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Ethereum spot ETF had a total net outflow of $60.4677 million on December 19, the first net outflow after the net inflow in the past 18 days. https://sosovalue.com/assets/etf/us-eth-spot
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QCP: The hawkish FOMC triggered a sharp selloff across all risk assets. Nasdaq plummeted 3.56%, S&P 500 dropped 2.95% and BTC declined 6.13%. Due to persistent inflation, the Fed now projects 2 rate cuts for 2025 compared to the market’s consensus of 3 rate cuts.
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