Crypto Market Pulse π
- Positive Coinbase Premiumβ
- Negative ETF flows for $BTC and $ETH π€
- Short Term Hodlers are in the process of realizing net lossesπ€¦ββοΈ
- Strategy resumes $BTC acquisitions with a $742 million buyπ€
- Japanese game maker Gumi announced $6 million $BTC purchaseπ°
- FTX is expected to distribute $6.5-$7 Billion on Feb. 18, 2025πΈ
- Gold reached new record highs of $2940; $BTC tends to followπ
Looking at the liquidation heatmap, we can expect more choppy price action over the next 24 hours. Shorts as well as longs will most likely get liquidated before we make an impulsive move ahead of the FTX distributionπ€
@TDj_Slo Yes, we do expect a big part of the money to flow back into the market. In general this should result in a price spike but we shall see how things play out.