As traders rub their eyes in disbelief, a fresh wave of bullish enthusiasm sweeps through the lands of crypto. Apparently, on-chain data suggests that we might not have seen the last of this wild ride. Someone get the party hats! 🎈
Robert Kiyosaki, author of Rich Dad Poor Dad, has always made a habit of turning slivers of financial panic into better storytelling than most dinner party recaps. His message this time: the traditional job is a delicate, perhaps decorative, item on a shelf you can’t reach without a stepladder and a prayer. In other words, the office is a raft built on a tidechart, and the tide is rising every time Congress fidgets with the budget.
Hailey LUNC, the modern-day Cassandra, unveils her chart-a tapestry of despair and delusion. The asset, currently trapped in the “second corrective wave,” clings to $0.64 like a drowning man to a straw. This level, the “invalidation point,” is the last bastion of hope. Defend it, or face the abyss. 🧱
In the last 24 hours, a curious move was witnessed. A whale, with the grace of a creature from the depths of this financial ocean, moved a staggering 122 million DOGE-worth nearly $28.5 million-from Binance to a private wallet. One could almost hear the whispers of confidence in this move, a sign of long-term hope, as if it were a beacon of faith in the future. But does the market heed such signs? Not necessarily. For while large holders may be accumulating, the volatile winds of the market often shift unexpectedly. If DOGE fails to gain enough momentum here, a swift descent awaits, and the path to $0.18 becomes all too clear.
The Options and Futures market, ever the cautious critter, displayed a bit of short-term hesitation. Meanwhile, those brave souls in the spot market were stocking up, hoarding like there’s no tomorrow.
China is reportedly making a bid to expand its influence by offering to hold foreign central bank reserves inside its borders-think of it as a high-stakes house-sitting gig for gold, minus the occasional house plant drama.
Onchain data, as if narrated by a particularly smug butler, reveals the project amassed 4.91 million WLFI ($1.01 million) and $1.06 million in fees, only to squander the lot on repurchasing 6.04 million tokens. A feat of financial alchemy: money spent to spend more money. 🪙
Kraken Stays Focused, Follows $500M Raise With New Funding
Back in the dreary January of 2024, Vanguard pronounced, with the air of a headmaster issuing a decree, that cryptocurrency held no place in a sensible portfolio. Volatility, you see! Unsustainability! Such vulgar displays of speculative enthusiasm. Honestly, the horror.
