ngocnew94 (ngocnew)
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STABLECOINS ON TOP CEX EXCHANGES THIS WEEK 💎 BITCOIN BALANCE - Bitcoin fell below 100K this week, but withdrawals on exchanges were still very large, mainly at Coinbase - ETF inflows this week were positive ~$450M, much lower than previous weeks. Blackrock continues to have a net positive of ~$1.5B but unexpectedly on December 20th, the result was negative ($72.7M) - BTC.D returns to ~60% Summary: Withdraw ~15000 BTC (about $1.45B) 😌 STABLECOIN BALANCE (USDT, USDC) - USDT/USDC withdrawn from the exchange, led by Binance - The first week since Trump was elected president, Tether did not mint coins worth >1B Summary: Withdraw ~$260M USDT, Withdraw ~$505M USDC => DOM increases back to 60%, stablecoins are continuously burned and withdrawn from the exchange, the liquidation volume from the exchanges for 3 consecutive days >$1B shows the confusion of investors. However, the amount of BTC withdrawn from the exchange remains stable, making us still believe that the market will quickly return to green
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Market Overview 12/24 📌 24h Price Movement: - BTC had a correction to the $92k area yesterday, currently the price is recovering to $94k - Altcoins started to decouple from BTC, with better recovery force => BTC.D decreased when BTC decreased - More than $250 million stablecoin netflow was withdrawn from exchanges in the past 24h 📌 Biggest Increase/Decrease: - $VIRTUAL (+34.2%) - $AAVE (+19.4%) - $MOVE (+17.7%) 📌 Notable cash flows on Binance: - Ethereum ecosystem: $FXS, $AAVE - Megradrop: $LISTA, $BB - Solana ecosystem: $RAY, $PENGU, $RENDER
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📊ETF CASH FLOWS 12/24/2024 BTC ETF BlackRock (IBIT): Sell $190.8M Fidelity (FBTC): Sell $83.2M Bitwise (BITB): Buy $8.5M 21Shares (ARKB): Sell $75M Other funds: 0 👉 Results: Sell $340.5M Day 4 of the month had negative cash flow, volume reached $3.15B. ----------------- ETH ETF BlackRock (ETHA): Buy $44.5M Fidelity (FETH): Buy $3.5M Bitwise (ETHW): Buy $6.2M Other funds: 0 👉 Results: Buy $54.2M Day 15 of the month had positive cash flow, volume reached $262.2M
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