๐ฎ #POLY #UMA Bloomberg: The volume of activity on Polymarket is significantly overstated because of so-called dummy trading, in which users quickly buy and sell the same contracts.
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๐ฅณ #TWT Trust Wallet has introduced P2P trading
๐ #BTC Glassnode: Looking at the behavior of the 120K strike call premium for mid to long term maturities, there is still no sign of gradual long term positioning under the hood. On the contrary, the brief relief was used by traders to sell the 120K strike call, even for long term expiry.
๐บ๐ธ๐ Crypto #ETF Flows Today:
#BTC-ETFs:
NetFlow: +2,384 BTC ($92.25M) ๐ข
BlackRock inflows 922 BTC ($66.18M) and currently holds 797,014 BTC ($79.78B);
#ETH-ETFs:
NetFlow: +10,789 ETH ($35.86M) ๐ข
Grayscale Ethereum Mini Trust inflows 7,004 ETH ($23.28M) and currently holds 719,394 ETH ($2.39B).
#BTC-ETFs:
NetFlow: +2,384 BTC ($92.25M) ๐ข
BlackRock inflows 922 BTC ($66.18M) and currently holds 797,014 BTC ($79.78B);
#ETH-ETFs:
NetFlow: +10,789 ETH ($35.86M) ๐ข
Grayscale Ethereum Mini Trust inflows 7,004 ETH ($23.28M) and currently holds 719,394 ETH ($2.39B).
๐๐ #BTC Glassnode: Using on-chain data, we can dig deeper. Here, we highlight moments when 7y+ whale wallets spent >1K BTC/hour.
The key distinction in this cycle is that these OG whale high-spending events occurred more frequently throughout, signalling persistent distribution.
The key distinction in this cycle is that these OG whale high-spending events occurred more frequently throughout, signalling persistent distribution.
๐๐ค #BTC Cointelegraph: Analysts say new Bitcoin highs could take 2โ6 months after a 20% pullback, but onchain data suggests the wait may set up the next explosive cycle.