CNYEUR

CME’s launch of Cardano futures might as well have been a summoning ritual. Behold, the regulatory clock ticks-a doomsday device set to either birth a spot ETF or reduce hopes to cosmic dust.

Bitcoin’s latest correction has triggered one of the largest realized loss events ever recorded on-chain. Heavy selling pressure forced many holders to exit at a loss. At the same time, derivatives markets saw a sharp contraction in positioning. According to analyst Michaël van de Poppe, such conditions often appear near major market turning points.

Since that fateful day, our dear Pi has drifted downwards, much like a leaf caught in a relentless autumn breeze, raising eyebrows and concerns that the ominous downtrend might still be lurking in the shadows, twiddling its thumbs. Yet, amid this turmoil, one technical indicator dares to whisper promises of hope-a glimmer that perhaps a bounce could emerge from this sad state of affairs. But can the eager retail buyers alone carry this burden?

Apparently, these platforms are the crypto equivalent of a back-alley deal, letting Russian entities send money across borders without the banks catching wind. Genius? Criminal? You decide.

Behold, the SegWit saga has risen from the crypt of forgotten debates, like a phoenix with a penchant for complexity. The year was 2017, a time when Bitcoin fancied itself a soft-forking maestro, tiptoeing around hard forks like a cat avoiding a bath.

Yet there was method in the madness. A staggering 72% of DCR’s supply lay dormant, locked in digital vaults like forgotten letters in a grandmother’s attic. Only 28% remained to play in the market’s game of musical chairs. Such scarcity, one might argue, is less a bullish bias and more a cry for help from a coin too proud to beg.

Oh, the grandeur! A top-30 global listing, yet what utility does it offer? A digital dog, barking at the moon, while the world yawns. The enthusiasts, those valiant dreamers, cling to the hope of decimal shifts, as if the cosmos itself would bend to their will.