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- #2 Macro Markets - 6th June, 2023
#2 Macro Markets - 6th June, 2023
Institutional Money Flow, Top Movers, Narratives, Security, Regulations and everything about the crypto Economy.
The Sixth Sense
June 06, 2023
#2 Macro Markets - 6th June, 2023
Institutional Money Flow, Top Movers, Narratives, Security, Regulations and everything about the crypto Economy.
Welcome to the second issue of the Macro Markets. Let’s figure out how the markets have responded in light of SEC filing against Binance plus other macro movements.
Crypto Markets declined by 4.91% taking the overall tracked Market Capitalization to $1.13T:
The global #crypto market cap today is $1.13T, a -4.91% change in the last 24h.
Total trading volume in the last 24h is at $55.9B.
#BTC dominance is at 44.00% and #ETH - 19.18%.06.06.2023 0:07:29 (UTC)
#DeFi#NFT#BSC#Tether#AVAX#XRP#TRX#Solana
— СryptoBubblesDaily (@cryptobubbles24)
12:09 AM • Jun 6, 2023
Bitcoin Today:
#Crypto at the moment 🔴
— CoinMarketCap (@CoinMarketCap)
2:56 AM • Jun 6, 2023
Top Gainers of the Day:
⚡️TOP #GAINERS OF THE DAY!
5 June 2023
$XTM $VR $MTL $RFOX $REN $WILD $XEN $TOMI $KAVA $LBR— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep)
3:57 PM • Jun 5, 2023
Fear (dominating) and Greed Index:
Bitcoin Fear and Greed Index is 44 — Neutral
Current price: $25,711— Bitcoin Fear and Greed Index (@BitcoinFear)
11:30 AM • Jun 6, 2023
Volatility in crypto markets:
The Crypto Volatility Index is at 43.22 📊
The CVI ranges between 0-200
0-85 ≈ Low volatility
85-105 ≈ Medium volatility
105-200 ≈ High volatility
Trade #volatility ($CVI):
Platform 👉🏻 cvi.finance
Sushiswap 👉🏻 sushi.com/swap?token0=0x…@official_CVI
$CVI $GOVI— CVI Daily (@CVIdaily)
7:23 AM • Jun 6, 2023
Moving to major events in the centralized crypto world.
SEC files against Binance and CZ with serious charges:
Today we charged Binance Holdings Ltd. (Binance); U.S.-based affiliate, BAM Trading Services Inc., which, together with Binance, operates Binance.US; and their founder, Changpeng Zhao, with a variety of securities law violations.
sec.gov/news/press-rel…
— U.S. Securities and Exchange Commission (@SECGov)
5:55 PM • Jun 5, 2023
Binance (hasty) response to the charges by SEC:
Our response to the SEC's complaint.
— Binance (@binance)
4:22 PM • Jun 5, 2023
Binance seeing some serious outflow:
Following the SECs 13 civil charges against the leading cryptocurrency Exchange Binance, the Exchange experienced a net outflow of -10.5K BTC, with only 11 trading days recording larger outflows.
However, the current value remains a significant -29.8K BTC (-74%) smaller than the… twitter.com/i/web/status/1…
— glassnode (@glassnode)
10:39 AM • Jun 6, 2023
Market Liquidity (volatilty, depth) declining post FTX collapse:
⚠️ The long-term volatility of $BTC and $ETH, which has been on a consistent decline since November 2022, has now reached its lowest point in over two years!
(Per @KaikoData) twitter.com/i/web/status/1…
— BecauseBitcoin.com (@BecauseBitcoin)
6:03 PM • Jun 5, 2023
Market depth for $BNB declined by half because of SEC charges:
$BNB market depth on Binance has more than halved since news of the SEC lawsuit.
Interestingly, depth started to drop a few hours before the official announcement 👀
— Kaiko (@KaikoData)
7:33 PM • Jun 5, 2023
Coinbase receives $500M from MakerDAO to custody their USDC assets:
We are pleased to share that @MakerDAO has transferred $500M to Coinbase Custody as a first step in our USDC institutional rewards program launched in Q4 2022! This move reinforces our commitment to enhancing the stablecoin ecosystem and empowering the #DeFi community.
— Coinbase Institutional 🛡️ (@CoinbaseInsto)
5:23 PM • Jun 5, 2023
Net (new) Capital inflow:
The vast majority of capital that flows into this industry comes in (or out) via $BTC, $ETH, or Stablecoins.
The most realistic measure of true liquidity adjusted capital flows is via:
- Changes to Realized Cap (BTC or ETH)
- Stablecoin Supplies#Bitcoin leads, always.
— _Checkɱate 🔑⚡🌋☢️🛢️ (@_Checkmatey_)
3:18 AM • Jun 6, 2023
$35M lost in the hack of the Atomic Wallet:
Update: A new largest victim was found on Tron with 7.95M USDT stolen,
The five biggest losses account for $17M.
My graph has now surpassed $35M in total stolen.
— ZachXBT (@zachxbt)
8:02 AM • Jun 4, 2023
DEXs seem to be winning market share post FTX:
The decentralized exchange volume as a percentage of all trading volume is nearing the highs of peak mania in late 2021/early 2022.
— K33 Research (@K33Research)
4:16 PM • Jun 5, 2023
Brace for a massive wave of treasuries hitting the market:
A flood of Treasuries is about to hit the market.
With the debt ceiling signed the government needs to quickly refill its coffers
Liquidity will fall by +$1 trillion and affect every asset class according to JPMorgan.
“This is a very big liquidity drain. We have rarely… twitter.com/i/web/status/1…— Genevieve Roch-Decter, CFA (@GRDecter)
1:37 PM • Jun 5, 2023
Tether invests into Bitcoin mining:
Tether Energy is doubling down on #bitcoin with our investment into Volcano Energy in El Salvador 🌋🇸🇻 We're fueling sustainable Bitcoin mining and supporting El Salvador's economic growth🍊⛏️
Learn more 👉 tether.to/en/tether-part…
— Tether (@Tether_to)
2:31 PM • Jun 5, 2023
Cboe Wins Approval for Margin Trades:
Traders on Cboe’s digital-asset exchange will soon be able to enter into margined Bitcoin and Ether futures contracts after a critical regulatory sign-off trib.al/jYMmzCP
— Bloomberg (@business)
11:57 PM • Jun 5, 2023
CEX Market Statistics:
Liquidation Heatmap - $305M worth of liquidations in the last 24 hours:
Open Interest declined by close to $800M after the swift round of liquidations:
Cummulative Long:Short in the market:
And some parting words of wisdom from Pentoshi:
Some thoughts about surviving and time.
There's often 2+ years of nothing after a peak except mass casualties.
One thing you have to understand in crypto is that the periods of up only, are much much shorter than periods of market trending down or sideways. Look for yourself.
— Pentoshi 🐧 euroPeng 🇪🇺 (@Pentosh1)
12:17 PM • Jun 4, 2023
Events to keep track off in the Cryptosphere:
⚡️#Crypto News Digest: Key Updates You Need to Know
5 June 2023Among companies that have loud announcements are: @Tether_to, @PancakeSwap, @AtomicWallet, @combonetworkio, @ConsenSys, @Nike, @dotSWOOSH, @EASPORTS, @ankr, @Chiliz, @SkaleNetwork, @QORPOGameStudio, and… twitter.com/i/web/status/1…
— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep)
6:13 PM • Jun 5, 2023
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