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Welcome back to the Daily Coinsauce Newsletter! Let’s dive into today’s updates—there’s a lot to unpack!
💧Top headlines from the last 24 hours:
• Bitcoin Open Interest Hits All-Time-High!
• ETH ETF inflows surge outperforming BTC.
📕Educational :
• When will BTC’s price take a correction?
Lets dive in.
📅 Today
Bitcoin Open Interest Hits Record Highs!
Demand for Bitcoin is reaching new heights. Open interest in Bitcoin futures on the CME has surpassed 40,000 contracts for the first time, doubling since the start of the year.
For context, during the market peak in November 2021, open interest was around 17,000 contracts—58% lower than current levels. At the same time, Bitcoin’s market cap has climbed to an all-time high of $1.94 trillion, signaling increasing investor confidence.
Both institutional and retail investors are steadily entering the market, positioning Bitcoin for what could be a significant upward trend.
We at Coinsauce expect a 20-30% correction sometime soon after BTC crosses $100,000 to flush out the weak hands, and trigger the real euphoria in altcoins soon later.
ETH ETF’s Take The Lead!
Ether ETFs are beating their Bitcoin counterparts amid recent ETH rally
Spot $ETH ETFs saw about $225M in net inflows between Nov. 22-27, which was $190M more than the spot Bitcoin ETFs.
At Coinsauce Premium , we anticipated this trend weeks in advance and continue to stand by our thesis: Ethereum is poised to outperform Bitcoin in the coming months. This outperformance is likely to ignite a meteoric alt-season, with ETH leading the charge.
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🌎 Other News
📕 Educational
Week 4 of Bitcoin’s price discovery phase is nearing its end, but this -8.5% dip doesn’t quite qualify as a typical price discovery correction.
Historically, these corrections tend to occur between Weeks 6 and 8, with declines ranging from -25% to -35%. In some cases, like 2017, they’ve even reached as deep as -40%, highlighting the heightened volatility that often defines this stage of the market cycle.
Source: Rekt Capital
📊 Stat of the day
BTC is about to close it’s biggest even monthly candle in $ terms,
🤣 Meme of the day
That concludes our update for today!
We appreciate you joining us for the latest news. We aim to provide the best-in-class insights and highlights that keep you well-informed and ready.
Remember to join us on Telegram and Twitter for additional updates and giveaways. Until then, see you next time!
Disclaimer: None of the content shared in the newsletter is financial advice. Always do your own research and analysis before investing.
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