In almost perfect opposition to new entrants panic selling, long term holders appear to be buying the dip and accumulating cheaper coins — link

New OCC chief signals greater caution on crypto — link

BlockFi botches promo with outsized bitcoin reward payments — link

CME leveraged funds’ shorts are slowly closing down as cash-and-carry arbitrage becomes less profitable.

As markets cool off, rolling basis drop below 15%

India may form a new committee to study the possibility of regulating crypto: report — link

Wells Fargo's investment institute is in the final stages of onboarding an active crypto strategy for its wealthy clients — link

Over $3.3 billion worth of positions got liquidated in 1 hour — link

So scared right now. All my friends got liquidated.

Ethereum average gas price per block just went from less than 200 GWEI to over 2,000 GWEI in the span of about 2 hours — link

Coinbase FOMO buying bitcoin, $3000 premium.

https://www.tradingview.com/x/qvCuo1bf/

How to survive a crypto cycle — link

This Bitcoin sell-off is historic in the magnitude of losses realised by short term holders.

STH-SOPR has only dipped this low on three occasions since 2015:
- Feb 2018 start of bear market
- Nov 2018 bear capitulation
- Mar 2020 COVID sell-off

— link

Bitcoin funding rates turn significantly negative for the first time since the 2020 March crash.

Total Bitcoin open interest down to $12bn.

According to Chainalysis, institutions were not significant sellers. Bitcoin inflows into exchanges were relatively low compared to past sell-offs, at 412k bitcoin in the last three days, compared to 412k on the 13 March 2020 alone — link

White Star Capital launches new $50M crypto/blockchain fund backed by Bpifrance, Ubisoft — link

Instagram is hosting a professional development panel for NFT artists — link