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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.
- 15:09A giant whale/institution sold all 11,486 ETH at an average price of $3,083 in the past half hourAs monitored by chain analyst Yu, a giant whale/institution borrowed 33 million USDC from Aave 10 days ago to buy 11,486 ETH at $2,873. after holding it for 10 days, he sold all of that ETH in the last half hour at an average price of $3,083, giving him a profit of $2.4 million, which he bought as a profit after paying back the loan into 26.6 WBTC.
- 15:08A smart money address spent 9.78 SOL lows to build a position in SCIHUB during the intraday stage, accumulating profits of $576,000According to the monitoring of chain analyst @ai_9684xtpa, a smart money address cvvhD spent 9.78 SOL ($2,151) to build a position of 42.79 million DeSi board donation concept coins, SCIHUB, at the low point of the inner trading phase, at a cost of only $0.00005035 (current price of $0.03685); and then sold when the market capitalization had not reached $10 million 75% of the position, leaving 10.73 million coins still floating at a profit of $380,000, for a cumulative profit of $576,000, a return of 25,759%.
- 15:04ai16z founder: is executing on promised 420 ai16z airdrops, will publish address list tomorrowOn November 17th, Shaw, founder of ai16z, posted on X: “We are executing on our promised 420 ai16z airdrops with many addresses, we are taking a day off today and will announce them tomorrow. The spreadsheet has been created and the team is manually recording it.
