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.
And what’s more, old bean, Merkle, the parent entity of this digital darling, plans to return the full $180 million it raised to its investors. Dash it all, that’s what I call playing the game with a straight bat! Romero’s comments came after a bit of a dust-up on X, where the critics were out in force, framing the Neynar deal as a quiet wind-down, while the supporters rallied round, insisting it was all above board and as orderly as a P.G. Wodehouse plot.
Meanwhile, the noble arena of crypto markets-where dreams are born and crushed faster than a house of cards-decided to take a breather. Report has it that the Senate Banking Committee, that stalwart guardian of financial wisdom, decided to delay the sacred crypto legislation bill, much to the despair of investors whose hearts beat only for the thrill of constant chaos. President Trump, ever the jester, took a brief pause from tariffs, but alas, not enough to stir the sluggish tides.
