"Liquidity is shrinking across channels. Spot ETFs barely saw inflows yesterday (less than $7 million) after $1.3 billion of outflows last week, while total crypto futures open interest slid to $128 billion and bitcoin futures to about $58 billion, the weakest levels since early January, according to CoinGlass. On a positive note, on-chain whales continue to accumulate Bitcoin, albeit at a gradual pace."
"A severe U.S. ice storm has triggered a massive collapse in Bitcoin's hashrate, plummeting from 1.073 ZH/s to 700 EH/s (per SoSo Value data) as major mining hubs like Texas face power grid disruptions and soaring electricity costs. Companies such as MARA and Foundry Digital have been forced to halt operations to avoid unsustainable expenses, analysts told Beincrypto that a prolonged freeze could trigger a market sell-off."
"Liquidity is retreating as the market braces for a volatile week. Tomorrow's Fed meeting is the first major hurdle, while surging JGB yields continue to drain leveraged liquidity from the system. Political shocks threaten market plumbing too. The risk of a partial US government shutdown is rising, which could delay data and inject volatility into risk assets ahead of key economic releases."
Bitcoin traded sideways below $89,000 after a 2% bounce, with the move lacking conviction and resembling a pause. Liquidity contracted: spot ETFs saw under $7 million inflows after $1.3 billion outflows last week, total crypto futures open interest slipped to $128 billion and bitcoin futures to about $58 billion. On-chain whale accumulation continued slowly, with whale addresses holding 1,000–10,000 BTC rising by 49 to 1,955. A U.S. ice storm plunged hashrate from 1.073 ZH/s to 700 EH/s, forcing miners like MARA and Foundry to halt operations and risking sell-offs. Markets brace for the Fed meeting, rising JGB yields, and potential U.S. government shutdown.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]