ethereum:0xc477b6dfd26ec2460b3b92de18837fd476ea7549 is back where it started. Janction's token fell to $0.002569 on Binance Futures on Nov. 12, below its $0.002832 close on Nov. 7, the day before a rally that peaked at $0.021344. That is 88% under the top.
Hourly highs have stepped down: $0.007734 on Nov. 11 at 13:00 UTC, $0.003199 on Nov. 12 at 13:00 UTC. An hourly close under $0.002569 points to $0.002512. Above $0.003199 points to $0.004060. Not a forecast.
The Initia exploit rally is gone. initia:native hit $0.395 on Binance spot on Nov. 11 and traded near $0.134 on Nov. 12, 66% lower. Initia's last post on X about the exploit is dated Nov. 10.
The low of $0.1105 came at 03:00 UTC on Nov. 12, under the Nov. 9 open of $0.1204. Each bounce since the $0.395 high has stopped lower than the one before.
Bitcoin ETF outflows hit $1.58 billion from Nov. 2 to Nov. 10, per Farside Investors. Six of seven trading days ended with money going out, and $BTC closed its weekly candle under the 50-week average.
The week that began Nov. 2 closed at $74,851 on Binance, 0.9% under the 50-week average of $75,535. The last weekly close below that line was the week of Sept. 7.
Initia says it is rebuilding the affected infrastructure from scratch, will restore backing for affected assets and has given no restart date. initia:native is trading on contracts, not a working network. Full report: https://t.co/a84wRukbCN #INIT#Initia#InitiaExploit
Initia's chain has been halted since 06:18 UTC after an attacker drained bridged assets. initia:native is up 111% anyway: $0.1200 at Monday's open, $0.2535 at 17:33 UTC Tuesday on Binance's perpetual.
Funding hit Binance's floor of -2% at 16:00 UTC, so shorts paid longs. Spot traded up to 27% above the perpetual at 14:55 UTC. Levels: $0.2880 perp high above, $0.1832 (12:01 UTC low) below.
Seven earlier breaks of the 200-day line after 60+ days above it: $BTC was higher 30 days later three times and lower four times. Details and charts: https://t.co/yR4cfwY4WO #Bitcoin#Bitcoin200DayAverage#Nasdaq
Stocks are winning back last week's losses. Bitcoin is not. From the 4 November close, the Nasdaq-100 is down 1.9% and the S&P 500 1.8%, while $BTC is down 6.6%.