Mando Minutes

BTC hits $54k, Mt Gox distributions begin, largest day for liquidations behind FTX

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Crypto

• BTC: 55.1k (-4%), ETH: 2920 (-6%), SOL: 128 (-3%)

• Top Gainers: FTN

• BTC hits $54k, set for worst week in over year

• Mt. Gox begins to move BTC & make distributions

• German government continues to sell holdings

• Worst day for BTC liquidations since FTX

• Justin Sun says he is willing to buy German BTC

• German MP calls on it to stop selling BTC

• $52k super-trend support line eyed for BTC

• Funding rates turn extremely negative across majors

• Only 6 mining machines profitable below $56k

• Coinbase spot buyers emerge to counter drop

• Total3 hits RSI lows only hit 4 times in last 4 years

• Fear & Greed index hits lowest since Jan 2023

• Capo remains bullish

• Real selling begins at $38k: Schiff

• Coinbase continue to fight for Gensler’s emails

• Circle mints $250m USDC on SOL

• Symbiotic hits $1bn TVL

• Taiwan Mobile may open crypto exchange

• Unisat completes funding round with Binance

Macro & General

• NASDAQ: 18.2k, Gold: 2370 (0%)

• Futures little changed ahead of NFPs today

• Asian stocks fall from ATHs

• Labour gains majority in UK election

• Iran Presidential election today

• Biden says he ‘screwed up’ debate

• Biden to conduct long TV interview today

• Biden election odds in single digits at Polymarket

• Bolsonaro indicted for money laundering

• Putin agrees with Trump’s plan to end war

• EU imposes tariffs on China EVs

Left-Curve Corner

• Hot coins: SAGE, PEIPEI, MAO

• Hot NFTs: Bitcoin Shrooms, SMB

• Hamster Kombat hits 240m users

• APE passes 100m ‘Banana-bill’ for builders

• Pacman promises focus on short term incentives

• Seerlight 1/1 sells into 3-year old bid

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The information does not constitute financial advice or recommendation and should not be considered as such. Full Disclaimer.