On a thrilling Friday, whispers of doom and gloom flitted about as the dastardly attack unfolded, sending the world of crypto into a tizzy. Why, you ask? Because, dear reader, this crafty individual had discovered a cheeky little vulnerability in GMX V1, allowing him to juggle GLP token prices like a careless circus performer! 🎪✨
As Bitcoin continues to soar, it seems like miners and leveraged traders are having a field day behind the scenes. Analysts are keeping a close eye on their activities, trying to figure out if this rally is sustainable or if it’s just a big ol’ tease. Spoiler alert: nobody knows for sure.
“Not only are there more XRP whales than ever, but the total supply they hold is also increasing,” Santiment said in a report on Friday, noting that the number of wallets holding over 1 million XRP (XRP) tokens has surged to a new all-time high of 2,743.
Santiment, those masters of data analysis, have been keeping tabs on the RWA sector and have declared Chainlink the undisputed champion of development activity. And by a long chalk, I might add! The second-placed Avalanche (AVAX) managed a mere 183.4 GitHub events in the same period. Oh dear, it seems someone’s been caught napping! 😴
This achievement is all the more impressive when you consider that the previous record-holder, Vanguard’s S&P 500 ETF ($VOO), took a leisurely 1,814 days to reach the same mark. That’s like the difference between a cheetah and a sloth on valium. 🐯
As a result of all this hullabaloo, a tidy sum of $23 million has been liquidated from Solana’s leveraged market. And, oh dear, it seems that short traders have taken a bit of a hit, with $16.7 million being the damage. Meanwhile, Solana’s Open Interest (OI) has skyrocketed to around $7.5 billion and $16 billion respectively. It’s all a bit of a kerfuffle, if you ask me! 🤯
In spite of the rambunctious rally, our dear Bitcoin investors and traders are exhibiting a commendable veneer of restraint. The clever folks at Santiment, a market intelligence and on-chain data platform, have taken it upon themselves to investigate this curious phenomena of supply on crypto exchanges. Their findings suggest a dainty dance of restraint from the traders, who seem to regard their coins as prized possessions not to be relinquished lightly.
Short-term targets are floating around $14.90–$16.00, but the real excitement is in the long-term projections. If the momentum keeps up, we’re looking at a move toward $28–$32. A confirmed higher low near $12 and sustained demand above $14.80 are the signs we’re watching for. With technical indicators flashing green, Chainlink might just be gearing up for the next leg of its journey, as investor interest heats up across the trading platforms.
But, you know who’s really bullish on Bitcoin? Ego Death Capital. They just announced a new $100 million fund dedicated to investing in early-stage Bitcoin companies. Because, you know, Bitcoin is the future… or so they say. 🤔
Ah, the institutions are flowing in like a refreshing breeze, while retail interest, bless its heart, remains as elusive as a sensible conversation at a family gathering. 📉
