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- Over $1.1 Billion Liquidated in 24 hrs!
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:
• $2 billion liquidated in 2 days.
• ETF inflows slow down.
📕Educational :
• US Debt-to-GDP ratio hits 121%.
Lets dive in.
📅 Today
Leverage Flushed Out ❗️
Over $1.1 billion was liquidated yesterday from the crypto market, as BTC dipped to $95,800 at the time of writing.
This was the second consecutive day of $1 billion+ in liquidations, as another billion dollars were liquidated the day before yesterday.
With this dump, funding rates have been completely reset for BTC and alts, which is great for the long-term. However, if history is any indication, we could still dip another 15-20% in the coming weeks if we close the week below $95,200.
Monitoring this level is key, and price action at the end of the week around this level should determine BTC’s short-term direction for the coming few weeks.
Our exclusive trading group was already well positioned for this days in advance, as we anticipated week 7 of price discovery, i.e the current week to be bearish or risk-off, based on historic analysis. We also made +25% this week shorting BTC & ETH.
Upgrade you experience now to stay ahead of the curve!
BTC & ETH Inflows Finally Slow Down 📉
Bitcoin and Ethereum spot ETFs saw muted activity yesterday as markets absorbed the Federal Reserve’s recent policy updates, which projected only two rate cuts in 2025.
Bitcoin spot ETFs recorded $275.39 million in inflows, the lowest daily figure since Dec. 11. Meanwhile, Ethereum spot ETFs drew just $2.45 million, the smallest inflow since Nov. 21.
Notably, Bitcoin ETFs maintained a 15-day winning streak despite the slowdown.
If outflows become persistent, we could see the deeper 30% retracement we spoke about earlier, so keeping an eye on these inflow figures daily is important!
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🌎 Other News
North Korean hackers stole $1.3B in crypto in 2024. Read more
MARA acquires $1.5B in Bitcoin to date with convertible notes. Read more
Fartcoin’s 1-month surge outpaces Nvidia stock’s yearly gain. Read more
Grayscale Opens Sui Trust to Accredited Investors. Read more
$7 billion wiped from XRP in a day. Read more
📕 Educational
The US Debt-to-GDP ratio just hit 121%, the highest since 2021 and up from ~60% in 2008.
Not even World War 2 saw US Debt-to-GDP rise above 120%.
Since 2008, US GDP has grown by $14.6 trillion.
Meanwhile, US debt has risen by $12 trillion MORE than GDP over this time.
This is why we Bitcoin!
📊 Stat of the day
🤣 Meme of the day
Don’t be this guy 😂
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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