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DOGE price is up today as an uptick in whale activity aligns with Coinbase plans to launch futures trading for Dogecoin.
A look at Bitcoin’s fundamentals suggests Bitcoin is due for a choppy trading period over the next two months, one popular analyst says.
There needs to be more solo stakers on Ethereum today; could Rainbow Staking be the solution?
Bitcoin remains in ‘overbought territory’ despite the past week’s correction, according to JPMorgan analysts.Last month, the analysts said the bitcoin price would likely drop to around $42,000 after the upcoming halving event.
Bitcoin may witness a sharp correction, primarily due to the significant amount of leverage still in play within the market.
Bitcoin could use a deeper dip to reset "bull market sustainability," some of the latest BTC price analysis concludes.
This opinion piece was written by Frank Chaparro, Host of The Scoop Podcast and Director of Special Projects.The article was first seen in Chaparro’s The Scoop newsletter.
- 04:49Citibank: October non-farm data will significantly slow down, market focus will not return to economic recessionThe Federal Reserve has not yet declared victory in the fight against inflation, but policymakers have shifted some attention to the maximum employment part of their dual mandate. Citi economist Veronica Clark said in a recent report, "October non-farm data will be an important confirmation or denial of stronger September data, but it may not be enough to shift market attention back to the risk of a US economic recession," However, October's data will reflect the ongoing impact of Boeing strikes and hurricanes. Clark estimates that these factors could reduce employment by 70-80 thousand. Citi's view on non-farm employment data is more moderate than generally expected, predicting an increase of 90 thousand people and a slight rise in unemployment rate to 4.23%. In addition, Citi stated that any downward adjustment to September's data could be more significant than usual.
- 04:47In the past 13 hours, a certain whale has withdrawn 5 million US dollars from CEX to bet on the US election in PolymarketAccording to Onchain Lens monitoring, in the past 13 hours, a certain whale has withdrawn $5 million from CEX and placed bets on Polymarket about who will win the US election. They bought shares of "YES" for Trump and "NO" for Harris. This whale traded in six markets and still holds $907,000 worth of USDC available for betting.
- 04:44Analyst: Bitcoin market warning, high leverage triggers a drop in volumeAccording to Crypto Hunter on X, after the author reminded investors not to be blindly optimistic in yesterday's market analysis, the Bitcoin (BTC) market quickly showed a trend of sharp decline. The current daily chart has formed a dusk star pattern, which is a typical top reversal signal. From the perspective of coin-based holdings, Bitcoin's holdings have not significantly decreased and the market leverage is still at a high level. The market currently lacks positive signals and it is not advisable to rush to buy at low prices. Effective market turning signals include significant improvements in macro liquidity, significant reductions in leverage rates, and noticeable weakening of sell orders.
