Bitcoin dropped 16% yesterday and most of the selling pressure came from Asia.
- South Korea's Bithumb saw a $100m deposit, which is unusually big.
- $BTC recovered strongly as U.S. came online, Coinbase premium re-emerged.
The market is WAY less overleveraged now.
Why is it still dropping?
There's still high selling pressure coming from Asia during the Asia session.
Many stacked sell orders at $34.3k, $33k, whale cluster support at $29.3k.
Basically, chop city, no clear direction. Be ware. — link
- South Korea's Bithumb saw a $100m deposit, which is unusually big.
- $BTC recovered strongly as U.S. came online, Coinbase premium re-emerged.
The market is WAY less overleveraged now.
Why is it still dropping?
There's still high selling pressure coming from Asia during the Asia session.
Many stacked sell orders at $34.3k, $33k, whale cluster support at $29.3k.
Basically, chop city, no clear direction. Be ware. — link
Jan. 15, 2021
The Office of the New York Attorney General, or OAG, has requested a deadline extension for iFinex Inc — the parent company of both crypto exchange Bitfinex and stablecoin issuer Tether — to produce the documents requested for their ongoing legal battle.
On Dec. 9, 2020, the OAG wrote to Justice Joel Cohen to request the deadline be pushed back until Jan. 15, 2020 — presumably a typo and actually a request for the same date in 2021. — link
The Office of the New York Attorney General, or OAG, has requested a deadline extension for iFinex Inc — the parent company of both crypto exchange Bitfinex and stablecoin issuer Tether — to produce the documents requested for their ongoing legal battle.
On Dec. 9, 2020, the OAG wrote to Justice Joel Cohen to request the deadline be pushed back until Jan. 15, 2020 — presumably a typo and actually a request for the same date in 2021. — link
There is currently 2.25 million $ETH staked on eth2 which is worth $2.3 billion!
This represents ~2% of the current circulating supply of $ETH.
This represents ~2% of the current circulating supply of $ETH.