Recently, Binance Futures has reported a remarkable 12% spike in open interest for ETHUSDT contracts over the past day. This surge, akin to the revival of a long-dormant flame, signals a burgeoning interest among market participants. Meanwhile, the funding rates for ETH perpetual contracts have settled around a mild 0.01%, whispering sweet nothings of reduced liquidation risks into the ears of hopeful traders.
And who’s to blame? Not just the small fry, mind you. The whales-those big fish in the crypto sea-have been dumping their cargo, sending the price into a tailspin. 🦈💸 Spot market activity shows these leviathans aren’t just splashing around; they’re diving headfirst into the sell side. Retail panic? Pshaw! This is a full-blown whale migration to safer waters.
According to Kratter, Bitcoin beats gold at its own game. Why? Let’s break it down: scarcity, portability, verifiability, divisibility… and also, it doesn’t require a forklift to move. Gold’s supply has been creeping up by 1-2% annually for centuries, which sounds innocent until you realize it’s doubling every 47 years. That’s like your ex’s Instagram followers-slowly, but inexorably. 😬
The fund’s divestment of 246,414 shares of Shift4 Payments (FOUR 0.56%) during the third quarter corresponded to a $28.52 million decline in position value compared to the prior reporting period. Post-transaction, Portolan held 188,761 shares valued at $14.61 million.
Now, mind you, this ain’t just some half-baked scheme scribbled on the back of a napkin after three whiskeys. No sir. We’re talkin’ ’bout a company that’s already worth eight hundred million dollars if you squint right – twice what it fetched last time they passed the hat. And if you really wanna stretch credulity? They’re aimin’ for a one-and-a-half-trillion-dollar valuation. That’s more coin than all the silver in the Comstock Lode, multiplied by three and squared for good measure.
Their wallets, it appears, are shrinking-a slow leak that only the keen-eyed-probably with a calculator and a good sense of humor-have noticed. China, India, and Brazil are trimming the fat, or perhaps just trimming their exposure by billions. You’d think they were cutting coupons, but no, just selling bills. They let go of:
According to the solemn pronouncements of The Office of the Maine Attorney General, this calamity has befallen us. Names, social security numbers, addresses (both of the snail mail and electronic variety), health records, dates of birth, and even driver’s licences-all laid bare like a debutante at her first ball. How utterly ghastly! 🕵️♂️
This stake, representing 1.05% of Informed Momentum’s $872.25 million in reportable U.S. equity assets, now ranks as the fund’s fifth-largest holding. The top five? A rogues’ gallery of NASDAQ tickers-CRDO, KTOS, STRL, PRIM-each parading as if their 1.1% of AUM were the crown jewels of reason.
In his latest Substack post, Hayes declared that the Bitcoin price will quickly reclaim $124,000 and rally towards $200,000 next year as the market equates the Fed’s Reserve Management Purchases (RMP) to quantitative easing (QE). The crypto founder expects the Fed’s RMP to inject significant liquidity into the market next year, sparking a parabolic BTC rally. 🧠📈
SOXL, a pure-play on semiconductors, binds itself to the silicon veins of progress, amplifying the tremors of a single industry. TQQQ, by contrast, spreads its bets across the Nasdaq-100’s sprawling dominion, a mosaic of tech and consumer giants. Yet both are shackled by the same mechanism: daily leverage resets, a system that compounds losses like a relentless arithmetic of despair. In their existence lies the paradox of modern finance-a pursuit of growth that thrives on volatility yet is blind to its own fragility.