Digital Currencies incl NFT etc. 03; (Mar 23 - Dec 26)

[behappyalways]

Why Tether Is Acting More Like A Central Bank Than A Stablecoin
https://www.zerohedge.com/crypto/why-te ... stablecoin


61% Of Institutions Plan To Boost Crypto Exposure, Despite October Crash; Sygnum
https://www.zerohedge.com/crypto/61-ins ... ash-sygnum

[winston]

not vested

Fear engulfs Bitcoin traders betting on free fall to US$80,000
The shift in sentiment has been swift and sharp

In the options market, traders are making increasingly bearish wagers, on the conviction that the slide is far from over as deep-pocketed buyers beat a retreat.

Demand for downside protection, particularly at the US$90,000, US$85,000 and US$80,000 levels, has surged.

A market crowded with investors who are too deep in the red to buy more but not yet ready to cut their losses.

Ethereum’s token, Ether, is proving especially vulnerable. The world’s second-largest cryptocurrency slumped to US$2,975, bringing its decline to 24 per cent since early October.

Source: Bloomberg

https://www.businesstimes.com.sg/wealth ... ll-us80000

[behappyalways]

Taiwan's Central Bank To Explore Bitcoin Reserves, Pilot BTC Holdings
https://www.zerohedge.com/crypto/taiwan ... c-holdings

[winston]

Four structural signals breaking at the same time:

1. Bitcoin fails to reclaim its 50-week MA, forms a clear lower-high/lower-low pattern on the weekly chart then eventually loses its 200-week moving average...

2. On-chain “top” indicators finally hit euphoric extremes, long-term holders dump into weakness and ETF flows turn persistently negative for months…

3. We get a multi-month trend of new outflow from ETFs and institutions

4. The overall narrative/story around Bitcoin changes (like the U.S. government turning into a regulatory foe)

If these signals materialize, the playbook shifts to capital preservation: stick with only what you’re truly willing to hold through a secular downtrend.

Source: Investor Place

[winston]

not vested

Crash wipes out US$1 trillion as bitcoin plunges

The next psychological thresholds lie around US$85,000 and US$80,000, with the 2025 trough of US$77,424 – set during April’s tariff‑related turbulence – in focus.

The total market capitalisation of cryptocurrencies peaked at about US$4.3 trillion on Oct 6 and now hovers near US$3.2 trillion.

Bitcoin’s surge to just north of US$126,000 earlier in the year was based on twin pillars: expectations of multiple US Federal Reserve interest‑rate cuts and growing institutional adoption.

Ether dropped back below US$3,000. After lagging bitcoin during the first half of this year’s rally, ether – the second-largest token – eventually rose to almost US$5,000 in August to briefly clear its 2021 high.

Source: Bloomberg

https://www.thestar.com.my/business/bus ... in-plunges

[behappyalways]

Outflows from Blackrock's Bitcoin Trust ETF $IBIT surged to a record of over half a billion.
https://x.com/Mayhem4Markets/status/1991175012322333087


The average Spot BTC ETF holder is now in the red.
https://x.com/biancoresearch/status/1991571627721822367

[winston]

not vested

Cryptocurrencies whipped by flight from risk

Worries persisted about lofty tech valuations and bets on near-term Federal Reserve policy easing faded.

Both Bitcoin and Ether were staring at weekly losses of roughly 8 percent.

Cryptocurrencies are often used by investors as a barometer of risk appetite and the sharp slide shows how fragile the mood in the market has turned in recent days, with high-flying artificial intelligence stockstumbling and volatility spiking.

"If it's telling a story about risk sentiment as a whole, then things could start to get really, really ugly, and that's the concern now".

About US$1.2 trillion has been wiped off the total market value of all cryptocurrencies in the past six weeks.

Prices of Hong Kong-listed spot bitcoin ETFs launched by China AMC (3042), Harvest (3439), and Bosera (3008), fell close to 7 percent each on Friday.

Bitcoin has since erased all its year-to-date gains and is now down 8 percent for the year, while ether has lost close to 16 percent.

Source: The Standard

https://www.thestandard.com.hk/market/article/317482/

[behappyalways]

Part Two: Bitcoin Crash!
25.11.19 [豐盛│東、西、南、北龍鳳對決] 第二部：比特幣暴跌！更多…
https://m.youtube.com/watch?v=TLeovCWiD4k


The deleveraging in the crypto space is brutal in part because of nonsense like this. 250x leverage?
https://x.com/Mayhem4Markets/status/1991888996033872228

[winston]

not vested

Bitcoin drop hits market makers in fragile trading landscape

Options-fuelled selling is adding to the volatility.

This latest slump has been driven primarily by spot selling – including redemptions from large exchange-traded funds (ETFs), long-dormant wallets offloading holdings and fading demand from momentum traders.

But options positioning has contributed to the turbulence, magnifying price swings as Bitcoin breaches levels where dealers adjust hedges to stay neutral – a process known as gamma exposure.

Source: Business Times

https://www.businesstimes.com.sg/wealth ... -landscape

[winston]

Crypto crash is eroding wealth for Trump’s family and followers

Bitcoin has endured multiple steep plunges before, only to climb higher and higher with time

The value of a Trump-branded Memecoin has fallen by about a quarter since August.

Eric Trump’s stake in a Bitcoin mining venture has shed roughly half its value from its peak.

Shares of Trump’s social media company, which started hoarding Bitcoin this year, are hovering near an all-time low.

The sell-off is part of a broader rout that’s wiped out more than US$1 trillion of value across the digital asset world.

The Trump family’s fortune has fallen to about US$6.7 billion from US$7.7 billion in early September.

“The Trumps can not only speculate but they can create tokens, sell them and make money off those transactions.”

Trump media: US$800 million loss

World Liberty Financial: nearly US$3 billion paper loss

American Bitcoin: at least US$330 million loss
Eric Trump owns about 7.5 per cent of American Bitcoin, which now trades on Nasdaq under the ticker ABTC.

Trump Memecoin: nearly US$120 million loss, US$220 million of tokens unlocked

Source: Bloomberg

https://www.businesstimes.com.sg/wealth ... -followers