Category: trading

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Bitcoin Rebounds To $70K Despite Negative CPI Report

Bitcoin has surged back to the $70K mark, marking a significant rebound, even amidst a negative US Consumer Price Index (CPI) report indicating a 3.5% inflation rise in March.  This unexpected inflation increase initially led to a drop in equities markets, but the crypto markets displayed resilience, recovering well after Bitcoin briefly dipped to $67.5K just before the CPI results were announced. 🇺🇸💸 The US #ConsumerPriceIndex report has come out, revealing that there was a 3.5% #inflation rise in March. This higher than expected result has dropped #equities markets, but #crypto markets have recovered quite fine after #Bitcoin initially dropped

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Maker Protocol’s Governance Token (MKR) Experiences Decline, Yet Whales and Institutions Accumulate Amidst Dip

Over the past day, the governance token of the Maker Protocol, MKR, has faced a downturn, with its value dropping by up to 8%. On the weekly chart, the decline extends to 13%. Despite this bearish trend, insights from Spotonchain, an on-chain data tracking platform, shed light on an interesting development: whales and institutions are seizing the opportunity to accumulate MKR during the dip. According to Spotonchain’s reports, a notable surge in accumulation activity has been observed. Thirteen fresh wallets withdrew a substantial amount of MKR, totaling 13,560 tokens valued at $47.8 million, from Binance over the past week. Impressively,

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Ethena Surges To New All-Time Highs Amidst Strong Investor Interest

Ethena, a crypto-native solution built on the Ethereum blockchain, continues to impress as it achieves new all-time highs, reaching $1.497 with a remarkable 15% gain today alone. In a flurry of recent activity, two Wintermute addresses received a substantial amount of ENA tokens from the Ethena project, totaling 8.43 million ENA, valued at $10.3 million. Wintermute, holding 21.82 million ENA and 10 million USDe tokens, stands out as the largest on-chain token holder among the three major ENA market makers. A whale withdrew 6 million $ENA (~ $8.58 million) from Binance and staked all of them just 1 hour ago.

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Bitcoin Surges Above $72.6K Amid Halving Anticipation

Bitcoin’s price witnessed a significant surge in the early hours of the week, surpassing the $72.6K mark for the first time since March 14th. This surge brings the leading cryptocurrency tantalizingly close to its previous all-time high, with the crowd attributing much of this rise to the imminent halving event. With the highly anticipated halving now just 11 days away, market participants are closely monitoring Bitcoin’s price action, expecting further challenges to this key level throughout the week.  However, amidst the excitement surrounding the halving, there are signs of caution as some traders on platforms like Telegram and X are

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Ethena Token $ENA Surges Past $1 Mark, Whales Show Increased Accumulation

In the past 24 hours, the price of Ethena ($ENA) has experienced a significant surge, surpassing the $1 milestone and climbing over 11% to reach an all-time high of $1.341. Recent on-chain reports suggest a growing trend of whale accumulation of the token, indicating heightened investor interest. Whale 0x4f6 made headlines by withdrawing a substantial amount of 2.65 million $ENA, valued at $2.98 million, from Bybit at an approximate price of $1.13 over the past weekend.  The $ENA price has risen above $1 again in the last 24 hours! Whale 0x4f6 withdrew 2.65M $ENA ($2.98M) from #Bybit at ~$1.13 in

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OKX Adds Zeus Network Token ZEUS To Its Trading Pairs

OKX, a leading centralized trading platform, has announced the listing of the Zeus Network token ZEUS, marking the inaugural project of the Jupiter LFG Launchpad. This move opens up the ZEUS/USDT trading pair, providing traders with an opportunity to engage with this exciting new token. The Zeus Network is a groundbreaking permissionless layer that seamlessly integrates the Solana and Bitcoin blockchains, offering users unparalleled flexibility and functionality. Recent on-chain data from Lookonchain has revealed the remarkable success of two traders who managed to capitalize on the ZEUS token within just one hour. GJ8KyJ and 4BVu5p made substantial profits exceeding $2

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Pendle Sees 9% Price Surge As Market Interest Skyrockets

Pendle, the cryptocurrency facilitating future yield tokenization and trading, has captured significant attention in the market as its price surged by 9% at press time. This uptick in price reflects the growing interest and confidence in Pendle’s potential within the cryptocurrency space. Data from DefiLlama reveals an impressive trajectory for Pendle’s Total Value Locked (TVL), which has skyrocketed from $240 million at the beginning of the year to nearly $4 billion in April, currently standing at $3.96 billion. This remarkable expansion underscores Pendle’s growing prominence in the decentralized finance (DeFi) landscape. Pendle’s success is closely intertwined with Ethereum’s restaking phenomenon,

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DYDX Token Experiences Bearish Trend Amidst Whale Activity And More Insights To Monitor

The native token of the dydx chain, $DYDX, has encountered a notable bearish trend over the past month, with losses amounting to 19% in the last 30 days and a further 11% decline over the past week.  Recent reports shed light on significant whale activity surrounding $DYDX, particularly involving the renowned Amber Group. An eye-catching transaction occurred as Amber Group transferred a substantial 330,000 $DYDX to the address 0x4E4…4Df6e.  Subsequently, all tokens were promptly recharged into Binance, boasting a value of $1 million. 20 分钟前，Amber Group 向地址 0x4E4…4Df6e 转移了 33 万枚 $DYDX ，随后全部充值进 #Binance，价值 100 万美金 有意思的是，Ai 姨在 @mest_io 中搜索接收地址时，发现它曾参与了

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Options Market Sees Unusual Activity Amidst Bitcoin’s Decline

As Bitcoin prices continued to slide, the options market presented a peculiar scenario with a notable absence of put options being traded.  According to data from Greekslive, the majority of trades yesterday were calls, indicating a bullish sentiment prevailing in the market. The situation was particularly striking in the Ethereum options market, where call option trades constituted a staggering 90% of the total trades—a level of extreme share rarely witnessed.  Bitcoin continues to fall, driving the crypto market down significantly, with panic spreading across the market and futures premium levels falling.However, in the options market, few puts were traded, and

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LTC Shows Resilience Amidst Bearish Crypto Market Sentiment

Despite the prevailing bearish sentiment across the cryptocurrency market, Litecoin (LTC) has emerged as a standout performer, surging by 8.9% in the past 24 hours. This impressive rally has propelled LTC ahead of its altcoin counterparts, fueled by a notable increase in transaction volume observed over the past month. ⚡️📈 #Litecoin (+8.9%) is well ahead of the #altcoin pack in the past 24 hours, powered by significantly higher transaction volume than usual throughout the past month. More importantly, the average of $LTC investments is getting younger, indicating whales are moving more coins… pic.twitter.com/YUBTqi3mXu — Santiment (@santimentfeed) April 2, 2024 A

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