It appears the tiresome Mr. Peter Schiff continues to exhibit a vulgar lack of taste, prompting the perfectly reasonable Mr. Peter McCormack to describe him, and I quote, as a “nasty” human. Really, the man is positively bohemian in his bad manners.
Hold on tight because this is going to sting. Mining profitability has dropped to a dismal 0.0334 USD/day per 1 TH/s. That’s the lowest it’s been since 2023-an absolute horror show for anyone in the business of turning electricity into digital gold.
That fleeting glimmer of prosperity has vanished, leaving analysts-those learned observers of pecuniary cycles-to treat this recent fall as more than a mere passing fancy. 🧐
Right now, Bitcoin is sitting about 32.79% below its all-time high, which has investors distributing their coins faster than someone passing around hot latkes. But wait! Enter Gert Van Lagen, an analyst who claims there’s a trend pointing to a glorious comeback. Yes, folks, there’s hope-because apparently charts from 2009 say so. 📈✨
Derivatives positioning for OP shows limited activity following a multi-day decline. The aggregated open-interest chart indicates levels fluctuating around 50.6M-50.7M, marking a period of stabilization after a notable unwinding earlier in the week. The reduction in volatility across open interest suggests that liquidations have cooled, but it does not yet reflect new capital entering the market. 🧢
Our dear analyst, Ali Martinez, points out that XRP is getting cozy with the monthly 20EMA. In times past, this level has been the ultimate pivot-like a crossroads in the forest where the bull and bear debate their next move. Will they continue down the rocky path of volatility, or will they settle in the warm embrace of stability? Only time will tell, my dear readers.
In this theater of the absurd, buying and selling pressures waltz in perfect harmony, neither gaining the upper hand. The venerable TedPillows, a sage of the trading world, proclaims with a flourish: “$BTC is trying to reclaim the $85,000-$86,000 level now. If it doesn’t happen soon, Bitcoin could dump below $80,000.” A dire warning, indeed, wrapped in the cloak of drama! 🕺💼
The futures market is hotter than a dwarf’s forge, even as Bitcoin dawdles in its narrow little band. According to Coinglass.com, the total futures open interest (OI) is sitting pretty at 688,880 BTC, or $58.24 billion in real money. That’s right, traders are still levered up to their eyeballs, despite the week’s dramatic theatrics 🎭.
Enter BitMine, that audacious darling of the Ethereum treasury, which has proclaimed itself the harbinger of a new era: “the first large-cap cryptocurrency company to declare annual dividends.” Such bravado! This announcement, as delicate as a butterfly’s wing, fluttered into the world on Friday, November 21, alongside its fiscal year results. 🦋📈
Here’s the kicker: finance-the last fortress of “I’ll-take-your-money-and-hide-it-in-a-spreadsheet” dominance-is about to get automated, decentralized, and personalized into oblivion. BlackRock’s trillion-dollar throne? It’s suddenly looking like a yard sale item. 🪑💸
