COVEST

#Futures tournament

#CryptoMarket #UPDATE U.S. ETH spot ETFs saw $236.6M in net outflows on Dec 16, marking 4 straight days of outflows. Meanwhile, BTC slid to $87,000, with prices near $86,992 on the USDT market. #Bitcoin #Ethereum #COVEST

#CryptoMarket #UPDATE Korea is expected to announce its Phase 2 digital asset bill this month, signaling major progress on stablecoin regulation. Meanwhile, Bitcoin has dropped below $91,000, with Binance showing prices near $90,992. #Bitcoin #COVEST

#CryptoMarket #UPDATE XRP spot ETF sees 11 days of inflows, but XRP is still down 20%. Whale selling raises centralization & liquidity concerns, and with BTC/ETH ETFs in outflow, XRP’s strength may be temporary. #XRP #COVEST

#CryptoMarket #UPDATE Altcoin Season Index holds at 25, indicating the market remains Bitcoin-dominant (only 25/100 coins outperform BTC over 90 days). SpaceX moved 1,163 BTC (~$105M) to a new address, according to on-chain data. #Bitcoin #COVEST

#CryptoMarket #UPDATE New XRP ETF pulled $100M early inflows, lifting sentiment. XRP fell ~10% to $1.80 but is holding near $1.77. 24h volume jumped 48% (~$900M), about 8% of supply. Oversold signals point to a possible short-term bounce. #XRP #COVEST

#CryptoMarket #UPDATE Binance saw roughly $80 M+ in liquidations over 24 h, with a large majority from long positions -  showing heavy long-side wipeouts. ZEC surged after significant short-liquidation activity. #Bitcoin #COVEST

#CryptoMarket #UPDATE Vitalik warns that large institutional inflows (e.g., BlackRock) could hurt Ethereum by increasing leverage risks and creating centralization pressure. #Ethereum #COVEST

#CryptoMarket #UPDATE Binance will temporarily suspend NTRN deposits and withdrawals today at 23:00 KST due to a network upgrade. BTC drops to $92,000, with Binance USDT market pricing it near $91,983. #Bitcoin #COVEST

#CryptoMarket #UPDATE Bitcoin ~$92K, Ethereum near ~$3K - 6-month lows.   Fed rate-cut odds dropping + strong data = risk-off.   ~$92K CME gap filled. Next support: ~$80K range if selling continues. #Bitcoin #COVEST

#CryptoMarket #UPDATE USDC Treasury issues $250M to add new liquidity. While analysts warn BTC could fall as low as $83,500 after a new death cross, past patterns often show short-term weakness ahead of a rebound. #Bitcoin #COVEST

#CryptoMarket #UPDATE BTC dips to $99K, now trading near ~$99,000.  Altcoin Season Index rises to 29 (+3), still far from alt season but showing rotation.  Only a small portion of the top 100 coins beat BTC over 90 days - market stays BTC-dominant. #Bitcoin #COVEST

#CryptoMarket #UPDATE 1. BTC breaks above $102K, trading near $102,000 levels. 2. Altcoin Season Index climbs to 28, hinting at mild alt momentum. 3. U.S. House passes the shutdown-ending bill; White House expected to sign tonight. #Bitcoin #Altcoins #CryptoMarket #COVEST

#CryptoMarket #UPDATE BoE: easing stablecoin rules may hit stability — caps £20K (indiv), £10M (corp). IRS: BTC gifts < $19K tax-free; gains taxed. BTC $103.3K (-2.4%), ETH $3.46K (-2.8%). Alts ↓, deriv vol +21.8%, DeFi +22%. Macro policy fuels next cycle. #Bitcoin #COVEST

⚡️ #CryptoMarket Update Strive to acquire Semler Scientific in a ~$1.34B all-stock deal. Semler also buys 5,816 BTC (~$675M @ ~$116K/BTC), pushing combined holdings to ~10,900 BTC. First M&A of listed BTC treasury firms — signals institutional consolidation. #Bitcoin #COVEST

🚨 #CryptoMarket Update by Covest 1. Strive acquires Semler + adds 5,816 BTC ► now ~10,900 BTC 2. $1.5B+ liquidated as BTC drops near $112K 3. On‑chain activity rising — inflows & liquidity signals showing strength Tracking in real time with COVEST. #Bitcoin #ETH #COVEST

🚀 #Bitcoin #Binance Key Updates 1. Bitcoin hits new ATH — $124,457 today, fueled by ETF inflows & macro easing. 2. BNC buys 200K BNB (~$160M), now largest corporate holder. 3. Binance & BBVA launch off-exchange custody to boost institutional trust. Momentum & trust rising.

#XRP Whales are using Binance as their main deposit exchange for XRP. The chart shows the deposit levels of whales who have deposited more than 1 million XRP into Binance.

Bitcoin broke above $52,000, regaining a market cap of $1 trillion for the first time since December 2021, a significant milestone. Bitcoin's market cap is now larger than giants like Walmart, Tesla, and Berkshire Hathaway.

Top traders P&L

#BTC ETF