Scaramucci, that illustrious founder of SkyBridge Capital, has stood as a beacon of Bitcoin advocacy, even as the market wailed like a banshee. In a recent SoFi interview, he expounded upon his unshakable faith, revealing the precise moment when the heavens shall part and Bitcoin shall rise again.
On the 4-hour chart, Bitcoin has pulled off a Houdini act, escaping from the $65,000 pit and scaling the $75,000 cliff-only to slip back to $74,700 like a cat that changed its mind about being a mountaineer. All three major moving averages (50MA at $72,767, 100MA at $70,374, 200MA at $70,199) are now below price, attempting what passes for optimism in technical analysis: upward-sloping lines. RSI is chilling at 59.82, which is the market’s way of saying, “I’m excited, but I’ve got a therapist on speed dial.”
Yet Bitmine’s institutional interest remains pinned near zero. Institutional capital is not following the momentum. The last time this divergence appeared, it delivered just a 13% bounce before fading. A head-and-shoulders pattern on the daily chart adds a 23% downside risk if the current move fails.
On-chain data, shared by the ever-watchful Arkham Intelligence, reveals the latest transfer of ~250 BTC, valued at a modest $18.46 million, moving from DHI-linked wallets in six consecutive transactions. One might imagine the royal accountants nodding solemnly, their abacuses clicking in unison, as they tally the proceeds. This follows a string of similar moves, including a $22.8 million transfer just days ago. Arkham’s tracking page confirms 239 addresses under management, with Bitcoin still comprising the vast majority of its $262 million portfolio-a sum that, in the grand scheme of things, is but a drop in the ocean of global finance, yet significant enough to warrant a raised eyebrow from the international community.
XRP, a cryptocurrency designed for fast and affordable international payments and used by the company Ripple, saw a significant increase in investment on Wednesday. Spot XRP exchange-traded funds (ETFs) listed in the U.S. attracted over $17 million, the highest amount since February 2nd, according to SoSoValue. Although this is less than the investment seen in Bitcoin ETFs, it suggests renewed interest in XRP after a long period of low activity.
Bitcoin funding rates have taken a nosedive to levels so negative they might as well have their own sad violin soundtrack. This, dear reader, is a classic signal indicating market bottoms, as BTC continues its cheeky ascent past $75,000.
The real kicker? It charges a measly 0.14% expense ratio. That’s cheaper than the interest on my overdraft. Morgan Stanley’s vast wealth management network is like a vacuum cleaner for dollars, sucking in clients who’d rather not deal with the crypto wild west themselves. It’s the financial equivalent of ordering a pizza instead of making it from scratch-less effort, same result (hopefully).
Robinson, 31, a Miami muse known also as Ashlee Jenae, was discovered lifeless on April 9 in a private villa at the opulent Zuri Zanzibar. The couple, it seems, had been embroiled in a dispute so fierce that the hotel staff intervened twice. Yet, the constables still probe, and McCann’s passport is their trophy.
According to the oracles at crypto.news, Bitcoin flirted with the $75,000 threshold, a psychological barrier as flimsy as a Soviet-era promise. Trading at $74,921, it boasts a 1.7% rise in 24 hours and 5.5% over the week-a modest victory in a world of chaos.
Meanwhile, the exchanges, those once-teeming marketplaces of digital barter, now lie as barren as a bureaucrat’s soul, holding a paltry 2.21 million BTC-the lowest since the fabled December of 2017. Oh, the irony! The very coins that once danced freely in the hands of traders now slumber in the cold, unyielding embrace of private vaults. What mischief do these whales plot in their cryptic depths?
