TL;DR

• Analyst: Bitcoin sellers' risk ratio is maxed out; market needs a new price range.

• Metaplanet will issue 1 billion yen in bonds to buy BTC.

• $99.78 million was liquidated network-wide in the past 24 hours.

• Ethereum gas fees hit their lowest since 2020; Bitcoin miners' income at an all-time low.

• Cathie Wood: Will vote for Trump.

• $188 million worth of tokens will unlock from major crypto projects this week.

• Farcana's FAR wallet was hacked, freezing CEX deposits.

• Bitcoin's 30-day volatility rate reached a record low of 1.25%.

• ETF Store President: Spot crypto ETF assets will surpass gold ETFs next year.

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Alpha of the Day

Bitcoin's Risk Ratio: Time for a Market Rethink

According to analysts, Bitcoin sellers have maxed out their risk ratio, and it’s time for the market to find a new price range. Imagine the crypto market as a roller coaster that’s just hit the peak of the first drop—exhilarating but also terrifying. Sellers are on edge, biting their nails, waiting for the next move. With the market needing to recalibrate, it’s like trying to find Wi-Fi in a basement—frustrating but eventually doable. Hold onto your digital hats, folks, because the ride is about to get bumpy as everyone searches for that sweet new price point.

Metaplanet's Billion-Yen Bitcoin Binge

Metaplanet is gearing up to issue a whopping 1 billion yen in bonds to buy Bitcoin. It's like they're hosting a lavish shopping spree, but instead of buying Gucci, they’re snagging BTC. This move is their way of saying, "We're all in!" on the crypto craze. Imagine flexing at a party with a 1 billion yen Bitcoin receipt—it’s the ultimate power move. With this bond issue, Metaplanet is betting big on Bitcoin’s future, hoping to turn their digital dreams into a goldmine. Let’s hope they remember to HODL!

Liquidation Nation: $99.78 Million in 24 Hours

In the past 24 hours, a staggering $99.78 million was liquidated across the crypto network. It’s like a fire sale at your favorite store, but with way more stress and fewer discounts. Traders watched as their positions were wiped out faster than you can say "margin call." This mass liquidation is a stark reminder that in the world of crypto, fortunes can change in an instant. So, next time you’re feeling lucky, remember: the crypto market is like a casino—sometimes the house wins big.

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Ethereum Gas Fees and Bitcoin Miner Woes

Ethereum network gas fees have plummeted to their lowest level since 2020, while Bitcoin miners' income hit an all-time low. It's a double whammy of "bad news, good news" in the crypto universe. For ETH users, it’s like finding free parking downtown—rare and delightful. But for Bitcoin miners, it’s more like working overtime and getting paid in Monopoly money. These shifts highlight the volatile and unpredictable nature of the crypto market, where one person’s windfall is another’s financial headache.

Cathie Wood's Trump Vote: A Plot Twist

Cathie Wood has thrown a curveball, announcing she’ll vote for Trump. It’s like finding out your cool aunt is a secret wrestling fan—unexpected but intriguing. Known for her bold investment strategies, Wood’s political endorsement is making waves. Whether you agree with her choice or not, you can’t deny she knows how to keep things interesting. In the world of finance and politics, it’s just another day of unpredictable plot twists and headline-grabbing moves.

Token Unlock Bonanza: $188 Million Released

This week, a jaw-dropping $188 million worth of tokens will be unlocked from major crypto projects across the network. It's like Christmas morning for crypto enthusiasts, but instead of presents, they're unwrapping digital assets. This massive unlock could shake up the market, as investors decide whether to hold or sell their newfound wealth. Will this influx of tokens lead to a buying frenzy or a selling spree? Grab your popcorn, because this crypto drama is just getting started.

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Farcana's Hacked Wallet Fiasco

Farcana, a chain game studio, had its FAR wallet hacked, leading to frozen CEX deposits. It’s like a heist movie but with way more code and fewer getaway cars. The hack has left the studio scrambling to secure their assets and calm their users. Imagine logging into your game account only to find your digital loot gone—it’s every gamer’s nightmare. As Farcana works to recover, it’s a stark reminder that in the wild west of crypto, security is everything.

Bitcoin’s Calm Before the Storm: Volatility at Record Low

Bitcoin’s 30-day volatility rate has hit a record low of 1.25%, making it the calmest it’s been in ages. It’s like seeing your hyperactive dog finally take a nap—unusual and slightly unsettling. This rare period of stability has traders on edge, wondering if a big move is on the horizon. While the low volatility might make Bitcoin seem boring, seasoned investors know it’s the quiet moments that often precede the biggest storms. So, keep your eyes peeled—something’s brewing.

Crypto ETFs to Surpass Gold: Bold Predictions

The President of The ETF Store predicts that next year, spot crypto ETF assets will surpass those of gold ETFs. It’s a bold claim, akin to saying avocado toast will outsell burgers. As crypto continues to gain mainstream acceptance, this prediction reflects the growing confidence in digital assets. If true, it would mark a significant shift in the investment landscape, with crypto taking a starring role. So, if you haven’t jumped on the crypto bandwagon yet, it might be time to reconsider—before all the seats are taken.

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