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The latest price moves in crypto markets in context for July 17, 2023.
Funding rates in perpetual futures tied to BNB are most negative in nearly three months.
The rising flows into Toronto-based Purpose’s spot bitcoin ETF, which received approval by Canadian regulators in 2021, reflect strong appetite among retail investors for these types of products and are a promising sign for U.S. companies who have recently filed spot BTC applications with the SEC.
Along with XRP’s strong week, 172 of 186 CoinDesk Indices assets finished in positive territory
Ripple's XRP was down 25% from its highest levels on Thursday.
The fight for regulatory clarity isn’t over yet, however, as the SEC will likely appeal the decision and continue to pursue similar cases in the future, analysts wrote.
The spike in trading activity came after a partial win in a lawsuit against the SEC.
The trading volume of XRP against the Korean won was the highest among all other counterparts .
Identifying the owners of crypto wallets may level the playing field for retail traders. But if taken too far it could be weaponized against the weak.
The latest price moves in crypto markets in context for July 14, 2023.
- 07:08Cryptanalyst: The risk has reached its peak for the first time in this cycle, a cautious attitude should be adopted in the coming monthsPANews reported on January 11th that crypto analyst Willy Woo tweeted that Bitcoin users seem very optimistic, but should be cautious in the coming months. In this cycle, risk has peaked for the first time, a large amount of Bitcoin has been sold for profit, and there is still much profit-taking before prices truly return to normal.
- 07:07Glassnode: The BTC price is about 7% higher than the cost price for short-term holders. If it falls below this level, it indicates that the sentiment of new investors is weakeningOdaily Planet Daily reports that Glassnode posted on the X platform saying: "The short-term holder (STH) cost model of Bitcoin is crucial for measuring the sentiment of new investors. Historically, this model tracks market lows during bull market cycles and distinguishes between bull and bear markets. Currently, the BTC price is about 7% higher than the STH cost price ($88,135). If prices stabilize below this level, it may indicate that the sentiment of new investors is weakening - which usually marks a turning point in market trends."
- 05:411,027 BTC transferred from CEX to an unknown walletPANews reported on January 11th, according to Whale Alert monitoring, 1,027 BTC (96,745,111 US dollars) were transferred from CEX to an unknown wallet.
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MoreCryptanalyst: The risk has reached its peak for the first time in this cycle, a cautious attitude should be adopted in the coming months
Glassnode: The BTC price is about 7% higher than the cost price for short-term holders. If it falls below this level, it indicates that the sentiment of new investors is weakening