Crypto news

In a new post upon the hallowed halls of X, the prophets of the blockchain, Santiment, have declared that the 30-day Market Value to Realized Value Ratio has undergone a metamorphosis, as if the very fabric of the market had been rewoven by some divine hand. The MVRV Ratio, that siren’s song of on-chain analysis, whispers of the profit-loss status of addresses, a mirror to the collective soul of the network. When it soars above the fickle mark of one, it proclaims the triumph of profit; when it falters below, it screams of loss, a dirge for the desperate.

Recently, the market was hit with back-to-back FUD moments-fear, uncertainty, and doubt so intense it could have been mistaken for a Netflix thriller. We had everything from manipulation fears to a crash that felt like a toddler throwing a tantrum in a grocery store, wiping out nearly $1 trillion in crypto in just over a month. One moment you’re feeling rich; the next, you’re skimming through your couch cushions for spare change.

Wall Street, that paragon of sophistication, has rarely looked so enthralled-or so uneasy. Investors, ever the eager participants in the grandest of gambles, are pouring capital into artificial intelligence at a pace that would make a goldfish in a roulette wheel blush, even as skeptics, those dour souls, warn that valuations may be racing ahead of reality like a caffeinated penguin on a treadmill. Meanwhile, the broader public oscillates between visions of AI-fueled prosperity and existential dread, all while sipping tea and muttering about the future.

The message to the galaxy is clear: Saylor & Co. are ready to hoover up more Bitcoin like a black hole at a buffet. And let’s face it, who needs a retirement plan when you can just buy more Bitcoin and hope the bag doesn’t rip?

Ah, Decibel, that grand, fully on-chain perpetuals exchange, has now made its grand entrance on the Aptos mainnet, finally letting the long-suffering traders of the world exchange perpetual contracts directly on the blockchain. You no longer need to rely on the outdated notions of speed versus transparency-Decibel gives you both, with no one even asking how.

In an unexpected plot twist, Bitcoin had a rather limited role in Polkadot’s rally. While the mighty BTC continues to reign as a benchmark asset, it seems Polkadot is growing up and showing signs of decoupling from its influence. Who needs Bitcoin when you’re Polkadot, right?

So, Decibel-remember them? The onchain perpetuals exchange that’s been incubated by Aptos Labs, is officially live on the Aptos mainnet. And, of course, this announcement is making waves. Like a tidal wave, but one with way more blockchain and way less water.

On the daily chart, bitcoin‘s broader structure remains corrective within a larger uptrend. Price previously declined from roughly $93,000 to a capitulation wick near $59,900, where demand stepped in decisively before a base formed. Since then, higher lows have printed, with the current zone centered between $67,000 and $69,000. A market so capricious it could make a cat blush.

In the grand arena of decentralized derivatives, Lighter found itself the stage for a most dramatic spectacle. A whale, no doubt convinced of its own infallibility, attempted to squeeze ARC longs with all the subtlety of a sledgehammer. The affair, as one might expect, unfolded with the elegance of a public X thread, where the team proclaimed it the inaugural test of their LLP strategies. Open interest, that fickle muse, swelled to $50 million USDC as traders flocked to both sides of the market, like moths to a particularly lucrative flame.

According to the prestigious CoinMarketCap, Dogecoin soared over 7%, a feat not even Bitcoin could match, despite its own 4.35% increase. Yes, you read that correctly. The meme coin, with all its cheeky charm, has left Bitcoin trailing in its wake.