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Glassnode On Chain Weekly: Speculatory Divergence
Glassnode On Chain Weekly: Speculatory Divergence

Glassnode insights·2024/05/07 14:13
Global crypto investment products' weekly net outflow streak exceeds $1 billion
Global crypto investment products' weekly net outflow streak exceeds $1 billion

Global crypto investment products’ four-week net outflow streak has surpassed $1 billion — with a further $251 million exiting the funds last week.Some $307 million worth of net inflows into the new spot crypto exchange-traded funds in Hong Kong were overshadowed by substantial net outflows for the U.S. spot bitcoin ETFs.

The Block·2024/05/07 13:04
Bitcoin options traders bet on a bullish September price move above $100,000, analysts say
Bitcoin options traders bet on a bullish September price move above $100,000, analysts say

Bitcoin derivatives traders are betting on a bullish price move above the $100,000 mark in September, according to analysts.However, bitcoin whales are continuing to send assets to exchanges — suggesting potential short-term sell pressure — analysts added.

The Block·2024/05/07 12:46
Over 20% of voters in swing states consider crypto a key issue in US elections: survey
Over 20% of voters in swing states consider crypto a key issue in US elections: survey

The online survey reveals that swing state voters believe crypto is an important issue, according to a statement released by DCG on Tuesday. Of the states surveyed, Ohio voters are more negative towards crypto, the survey found.

The Block·2024/05/07 12:10
Flash
09:46
A certain whale has opened a $52 million short position, becoming the largest BTC bear on Hyperliquid.
BlockBeats News, June 9th, according to Hyperinsight monitoring, the largest short position on BTC on Hyperliquid today was observed. The whale opened a short position with 20x leverage, shorting 831.4 BTC, with a value of approximately $52 million, at an average price of $62,675 and a liquidation price of $69,909. However, this whale is not a long-term bear. They engage in quick trades on BTC and ETH, achieving a 9-game winning streak and a weekly profit of $710,000. Address: 0x50b309f78e774a756a2230e1769729094cac9f20
08:49
Goldman Sachs Raises Micron's Price Target from $400 to $900
BlockBeats News, June 9th. Goldman Sachs released a report stating that they expect continued market tightness to drive Micron's performance significantly above market consensus and company guidance. The firm had previously raised the overall industry outlook and anticipates the tightness to persist throughout the 2027 fiscal year, bringing higher pricing and profit margins to the industry. Considering the significant stock price increase and the market's optimistic view on long-term customer agreements, investors remain very bullish on the stock. Goldman Sachs expects Micron's third-quarter revenue at the end of May to be about 9% higher than market consensus, and driven by pricing tailwinds, they anticipate significant sequential revenue growth for the quarter ending in late August. The firm forecasts last quarter's revenue, gross margin, and earnings per share to be $37.6 billion, 83.4%, and $22.07, respectively, compared to market consensus of $34.4 billion, 81.9%, and $19.74. For the 2026 fiscal year, the firm's revenue and EPS estimates for Micron are 30% and 36% higher than the market consensus. Goldman Sachs has raised Micron's price target from $400 to $900 and maintains a "Neutral" rating.
08:44
Revolut has officially launched Pendle
BlockBeats News, June 9th, according to an official announcement from Pendle, Europe's largest fintech company Revolut has officially launched Pendle. Currently, around 20 million crypto users in the UK, EU, Norway, Iceland, and Liechtenstein can directly access Pendle through their everyday banking app to trade within regulated channels without the need for a DeFi front end.
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