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The latest price moves in crypto markets in context for June 26, 2023.
ALSO: Ripple Asia's policy lead praises Japan’s crypto laws that favor consumer protection. Rahul Advani said that the country has created "a very clear taxonomy for digital assets."
Dealers are stuffed with record negative gamma in BTC. With only a little move in the spot price, "we could witness fireworks," one observer said.
Crypto prices have risen sharply since BlackRock’s filing for a spot bitcoin ETF. Of the 149 assets in the CoinDesk Market Indices (CMI), 144 rose during the week.
The largest cryptocurrency by market capitalization has been surging this week after three financial services giants filed applications for spot bitcoin ETFs.
Historically, an above 90% reading on the index has coincided with interim market tops.
The largest cryptocurrency by market cap has benefited from rising investor optimism following multiple filings for spot bitcoin ETFs and its omission from tokens listed in SEC lawsuits earlier this month.
A recent increase in stablecoin flows to exchanges may signal an increase in bullish sentiment
Indicators tied to Wall Street's volatility index, VIX, and central bank liquidity indicate risk aversion ahead. Past experience suggests risk-off in traditional markets can roil sentiment in the crypto market.
The latest price moves in crypto markets in context for June 23, 2023.
- 17:01Data: A giant whale withdrew 1,731 BTC, or about $168.9 million, from CoinSafe six hours ago.According to monitors, giant whales are still accumulating BTC, with whale ‘bc1q....z7l0’ withdrawing 1,731 BTC from cex six hours ago. .z7l0’ withdrew 1,731 BTC from cex six hours ago, valued at $168.9 million. In addition, eight newly created addresses have withdrawn a total of 1,164 BTC worth $113.6 million from cex over the past 10 hours.
- 17:00Data: the past 24 hours the whole network burst amounted to 538 million U.S. dollars, long and short double explosionAccording to the data, in the past 24 hours, the amount of the entire network burst amounted to $538 million, the amount of the long single burst amounted to $324 million, the amount of the short single burst amounted to $214 million, of which the amount of the BTC burst amounted to $134 million, the amount of the ETH burst amounted to $93.86 million, and the amount of the DOGE burst amounted to $24.63 million.
- 16:16The last 24 hours the whole network contract burst 518 million U.S. dollars, long and short of the double explosionNovember 21, data show that the cryptocurrency market in the past 24 hours, the whole network contract burst 518 million U.S. dollars, of which the long single burst 306 million U.S. dollars, short single burst 212 million U.S. dollars. btc burst a total of 127 million U.S. dollars, ETH burst a total of 88.8904 million U.S. dollars.
