This is a big weekly expiry, the kind that can nudge the markets into a little flutter as traders roll their positions and pretend they’re calm while their portfolios perform interpretive dance moves behind the scenes.
The momentum of price, like the fluttering of a maiden’s heart, begins to quicken. The stage is set for a performance that may leave the market gasping, not for breath, but for comprehension. The question, dear reader, is not whether this shall transpire, but how swiftly the curtain shall rise. One might jest, “Is it a rally or a ruse?” 😉
Last time this happened on Upbit in late 2024, the price soared like a rocket with a broken thermostat. Now, the same dance is being waltzed again, and the crowd is whispering, “Could $10 be next?” 🤭
CoinGlass data reveals that Dogecoin bulls were wiped out of $2.05 million, a sum that would make even a seasoned investor feel like a lost soul in a labyrinth of despair. The liquidation occurred as DOGE nose-dived after the broader crypto market fell by 2.67%, a reminder that even the most enthusiastic traders can’t outwit the laws of gravity. 🧠📉
Shiba Inu, that mongrel of the cryptocurrency world, was not spared the whip of the market’s capricious hand. Its price, along with other metrics of import, took a nosedive, leaving its faithful holders in a state of bewildered despair. At the hour of writing, SHIB had slumped 4.16% in the last 24 hours, settling at the princely sum of $0.000008573. A pittance, you say? Quite. And in tandem with this ignominious decline, the open interest-that barometer of unsettled derivatives positions-has crashed over 21%, a figure as dramatic as a Waugh novel’s denouement.
On the daily chart, Bitcoin has clawed its way out of a descending channel, that long-held prison of months. After hoarding strength near the $80K valley floor, it launched itself toward the $95K summit, only to be met with bearish cliffs and red-painted omens. Now it teeters at the edge of a flipped channel, a support line that might hold-or crumble like a house of cards in a gale. The RSI, once feverish, now rests at 50, sipping cool tea and waiting for buyers to prove they’re not just ghosts. The 100 and 200-day moving averages loom above like shadowy sentinels, guarding the $95K fortress.
Xu Jiliang and Shao Jihui, his loyal henchmen, joined the chorus of arrests, marking the crescendo of a joint investigation between Beijing and Phnom Penh. It was a ballet of bureaucracy and brawn, choreographed by the invisible hand of global justice-or perhaps just a particularly well-timed cough from the U.S. Treasury.
But lo! Morgan Stanley, that towering colossus of Wall Street, has thrown its weight behind the cause, filing S-1 applications for Bitcoin and Solana ETFs, and even adding an Ethereum Trust to its arsenal. 🏦 Is this not a sign of the times, when even the most traditional of institutions must bow to the inexorable march of progress? And yet, one cannot help but chuckle at the irony of these titans playing catch-up, like latecomers to a grand ball, their tails between their legs as BlackRock leads the dance. 💃
As the price of XRP stumbles backward like a drunkard at a ball, these leviathans shuffle their tokens with the glee of a child stacking monopoly money. Is this a prelude to chaos, or merely a game of Jenga played with billions? The market’s collective sanity is a fragile thing, and someone has just thrown a grenade into the room.
With the subtlety of a bull in a crypto exchange, Representatives Webster Barnaby and Joe Gruters have narrowed their digital asset ambitions-focusing solely on Bitcoin and SEC-approved ETFs this time (a rare moment of restraint). The bills will be debated in 2026, giving Floridians ample time to reconsider. Or not. 🧐