THIS IS GIGA BULLISH FOR BITCOIN π₯
After 2 weeks, the Coinbase Premium Index turns positive, with giants like BlackRock & Fidelity buying Bitcoin again.
Institutional demand is BACK. π
π¨ BLINK WALLET UPDATE π¨
Blink says: βA few dozen custodial accounts were affected. All affected accounts are identified & will be fully compensated.β
But Liquid Network LBTC also recently promised compensation after a hack that resulted in 600 BTC lost. But now delaying.
π¨ THIS GUY IS PUMPING ZCASHπ¨
Garrett Jin, the largest ZEC short, is now sitting on a massive $32.7 million unrealized loss, with liquidation set at $4,792.
He is essentially fueling the ZEC rally by depleting all his assets. π
$3.10 Billion in shorts will get liquidated if ETH breaks above $2748.
$2.03 Billion in longs will get liquidated if ETH dumps below $2189.
Max pain is still to the upside.