In a recent announcement, it was declared that the minimum and maximum funding rates for certain perpetual contracts shall resume according to the exchange’s established adjustment process. This process, dear reader, is akin to the intricate dance of courtship, where adjustments are made with the utmost care to ensure the harmony of the market. 💃🕺
Yet, dear readers, one must ponder: is there any kernel of truth hidden within this flamboyant assertion?
Four weeks they prattle on about, a rally of sixty percent! Sixty percent of almost nothing is still…well, almost nothing. This “open interest” – a fancy phrase for desperate gamblers throwing their last kopeks into the void – has reached a “record high.” A record high in foolish optimism, more like. They whisper of further increases. Let them whisper. 🙄
Now trading at price levels last seen in February, SOL is attracting renewed interest from traders and investors. However, on-chain data suggests not everyone is convinced the rally will last. What does this mean for the altcoin in the short term? 🤔
By ShayanMarkets
Enter Gaah, a crypto sage hiding behind a pseudonym, who reckons we ain’t seen the top yet. “Not by a long shot,” they say, squinting at the charts like a farmer eyeing the horizon for rain. According to Gaah, the LTH Spent Output Profit Ratio (SOPR) is sizzling but hasn’t hit the red-hot danger zone. It’s like the market’s got a fever, but it’s not quite burning up—yet. 🌡️
The Zebec Network (ZBCN) has been having a little party, bumping its price up a smidge from yesterday’s $0.0042 to, well, $0.0045. It’s broken out of a price range that’s been holding it captive for three weeks, which is a bit like escaping from a particularly boring garden shed. They’re calling it a “shift in market structure”. Sounds ominous, doesn’t it? Apparently, it’s all very technical and involves “higher highs” and “higher lows”. Honestly, it’s enough to give anyone a headache. 🤕
Michael Saylor, the Strategy Chairman, decides it’s a lovely day to make an announcement on X. I mean, who doesn’t love a good chance to brag about making another massive Bitcoin purchase? He practically shouted from the rooftops—“Look, I bought 6,220 BTC for a neat $739.8 million!” Oh, and now they’re swimming in a pool of 607,770 BTC, with a grand total of $43.61 billion just lounging around. Nice work if you can get it! 💸
In a most theatrical proclamation, Schiff—notorious for hurling skepticism like confetti—challenges investors to turn their backs on Ethereum and bet abundantly on the Bitcoin stallion. “Why?” you may ask, with eyebrows raised to the heavens. He claims ETH’s meteoric rise, now grazing the heavenly heights, is akin to the last flickering candle before plunging into darkness. Could his claims stem from a sour grapey feeling towards Ethereum? 🍇
This delightful morsel of news comes courtesy of Theminermag, a publication that specializes in the merry antics of the cryptocurrency mining industry, where fortunes are made faster than one can say “blockchain.” 💰
