Give up on ETF's. They are a MAJOR way they control prices.
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Interesting look at crypto. ...
What's going on with Eth overnight? Seems to be rallying esp vs Solana.
Looks like Solana is going down...... Looks to me like Solana (SOL) is the outlier (and laggard). ...
BREAKING: SolanaFloor has obtained exclusive video evidence exposing a $200M+ memecoin extraction scheme tied to
@KelsierVentures, @MeteoraAG and @WEAREM3M3_ .
The footage, featuring DeFi Tuna Founder @CavemanDhirk and Ben Chow, lends further credibility to allegations of coordinated market manipulation.
Deribit's options market for Solana's SOL token has become active, with whales engaging in bearish bets as the token's price continues to decline ahead of an impending multi-billion dollar unlock.
...
"Solana (SOL) will have a major token unlock event on March 1, releasing 11.2 million SOL tokens, valued at approximately $2.07 billion. This represents 2.29% of the total supply. A significant portion of the unlock comes from the FTX estate and a foundation sale," Chen said.
Chen explained that the large unlock could breed market volatility as it accounts for nearly 59% of SOL's daily spot trading volume. Hence, its natural to see a lot of hedging flow in put options in anticipation of a potential extended SOL price slide.
"Many traders would also take this opportunity to long Vol[atility] to generate good yield," Chen noted.
Citadel Securities, the leading financial services provider and trading firm, is setting its eyes on the crypto market-making business. Sources told Bloomberg that the firm plans to become a liquidity provider on major exchanges like Coinbase, Binance, and Crypto.com.
The market-making giant initially plans to establish trading teams outside the US once approved on exchanges, the people said. The firm’s commitment level may vary depending on how new regulations develop in the coming months.
This marks a shift from Citadel Securities’ previously cautious approach to crypto market-making. The firm has maintained limited involvement in crypto trading, avoiding retail-focused exchanges due to regulatory uncertainty in the US.
...
Kolbeissi Letter said:Did liquidity in crypto just dry up?
Crypto markets have now erased -$325 BILLION of market cap since Friday morning.
At 5:00 PM ET today, crypto lost -$100 billion in 1 HOUR without any major headlines.
What is happening with crypto? Let us explain.
Over the last 24 hours alone, we have seen ~$150 billion liquidated from the crypto market.
Selling has broadened with just about all crypto assets falling sharply.
Even the memecoin market appears to have lost a significant portion of its liquidity.
So, what's happening?
It appears to have all began with Solana which is now down -22% since Friday.
Amid the memecoin frenzy, Solana saw extreme relative strength.
However, as memecoins began to fade, Solana also began to fade.
For a while, selling in Solana was largely isolated from Bitcoin.
However, as the S&P 500 began selling off on Friday, Bitcoin joined the downward move.
As seen below, the drop in the S&P 500 came with an acceleration of selling in Bitcoin.
Now, Bitcoin is losing its relative strength after breaking below $98,000 support today.
It's rather strange that this comes hours after Citadel made a major pivot on their crypto stance.
Today, Bloomberg announced that $65 billion Citadel Securities is looking to become a liquidity provider for Bitcoin and crypto.
Markets took this as a "sell the news" event.
It also seems that the Bybit hack on February 21st has dampened sentiment in the market.
Arkham Intelligence has declared this hack the "largest financial heist in history."
The closest competitor is the theft from the Central Bank of Iraq, which lost $1B in March 2003.
In fact, the Bybit hack more than DOUBLED the 2nd largest hack in crypto history.
PolyNetwork's $611M hack in August 2021 was previous largest crypto hack.
Weakness seen in Ethereum has also put more pressure on broader crypto markets.
Hacks deteriorate confidence.
The technical picture also appears to have lost momentum.
However, this also does not mean that crypto markets are set for a prolonged bear market.
We have seen countless -10% pullbacks in Bitcoin over the course of this bull run.
Technical pullbacks are healthy.
...
Lastly, as volatility returns to equity markets, risky assets like Bitcoin are pulling back.
We saw historic levels of risk appetite in 2024 and heading into 2025.
A pullback in risk appetite means less liquidity for crypto markets.
This has certainly happened before.
Overall, there really isn't one specific factor pushing crypto lower right now.
Rather, its a combination of factors which have resulted in reduced liquidity.
Crypto markets need LIQUIDITY to thrive.
... Michael Saylor and MSTR. ... I say this thing blows to all hell with BTC under 90k.
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Dekabank, a prominent German investment bank, has reportedly launched cryptocurrency trading and custody services for institutional clients after nearly two years of development. ... According to Bloomberg, Dekabank is promoting its new offering with a strong emphasis on security and regulatory compliance.
In statistics, the Pearson correlation coefficient (PCC)[a] is a correlation coefficient that measures linear correlation between two sets of data. It is the ratio between the covariance of two variables and the product of their standard deviations; thus, it is essentially a normalized measurement of the covariance, such that the result always has a value between −1 and 1. As with covariance itself, the measure can only reflect a linear correlation of variables, and ignores many other types of relationships or correlations. As a simple example, one would expect the age and height of a sample of children from a school to have a Pearson correlation coefficient significantly greater than 0, but less than 1 (as 1 would represent an unrealistically perfect correlation).
...
Donald J. Trump said:A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!
... Crunchbase lists a total of 2,965 companies with cryptocurrency as their main business, with most founded as far back as 2018.
The list includes Avalanche (AVAX), Cardano (ADA)...
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