Meanwhile, the price of ETH, that volatile digital substance beloved by gamblers, speculators, and people who just like shiny things, has been doing the rollercoaster dance. It’s tumbled more often than a toddler after too much sugar, dipping below key support levels with all the grace of a drunken giraffe-prompting traders to nervously clutch their digital pearls and hope for a miracle.
This mirrors the silence that shrouds Shiba Inu lead ambassador Shytoshi Kusama, whose last flick of activity on X was between Dec. 7 and 8.
Based on the attached chart, this retreat in leverage funds’ short exposure seems to have shadowed a local price bottom; a whisper in the marketplace’s ear that may be construed as bullish for BTC, or merely a coquettish nod from a capricious market to its own vanity.
All told, theseigoing struggles settle the questions about relief rallies and settle into the bear’s new constitution. Yet the latest on-chain reckonin’ suggests the Bitcoin blues could deepen before they cheer up.
Here’s the deets: After a thrilling plot twist, users of the Gemini Earn program have been given back 100% of their crypto-yes, every last byte. This is the kind of happy ending that makes you question what kind of fairy godmother is funding this. To ensure this sweet finale, Gemini threw a cool $50 million in cryptocurrency into the kitty along with plenty of donations from their crypto friends, resulting in full repayment. If this doesn’t sound like the plot of a cheesy rom-com where everyone gets their dues at the end, I don’t know what does!
One must admit, it’s quite the leap for a venture that fancies itself at the glamorous crossroads of blockchain, satellite infrastructure, and telecom networks-what a trifecta!
The broader trend, of course, is still as corrective as a nanny with a ruler, but this little rebound has everyone squinting at their crystal balls. Traders, those eternal optimists, are now wondering if the downside cycle is as tired as a troll after a night of bridge-guarding. With momentum puffing its chest and liquidity flowing like a river of gold, the market is watching with the intensity of a cat eyeing a particularly suspicious fish.
Darkfost, a man whose name carried the weight of whispered prophecies in dimly lit trading forums, declared that the on-chain signals now mirrored the solemn stillness of a battlefield after the last shot had been fired. His charts, dense with the hieroglyphics of unrealized profits and losses, whispered of a reckoning-one that had historically arrived only when the market had exhausted itself in the throes of despair. The numbers, cold and unfeeling, suggested a quiet tension beneath the surface, a pressure building like steam beneath the lid of a neglected samovar.
At the time of writing (and wiping one’s brow), ENA was trading at $0.17, down a heart-stopping 20% on the weekly chart. The downtrend, now in its fourth week, shows all the resilience of a soggy biscuit. Yet amid this desolation, a curious thing occurred: the whales-those blubbery leviathans of the investment deep-poked their snouts above water and began noisily sucking up ENA like it was plankton at an all-you-can-eat buffet.
ShinyHunters, known for high-profile crypto and corporate hacks, is threatening to leak users’ 2024 tax reports unless a ransom is paid. Because nothing says “we’re serious” like holding your taxes hostage.
