Bitcoin

BTC has gone below $39k. RSI on 1D shows 34 points and technically it can be a point for a temporary stop, but there is still potential for a decline, and realization of forecasts about $35k. But liquidations in 24 hours are only $330m, which is very little for a serious haircut.

Spot BTC ETFs are adding fuel to the fire with bad news: yesterday net outflows totaled $76 million, and a record $640 million was withdrawn from GBTC. By the way, bankrupt exchange FTX has already dumped $1 billion worth of GBTC shares.

OKX crypto exchange token plummeted by 50% due to lack of liquidity in OKB/USDT pair. Now the coin has recovered and is only showing minus 12.9%.

FTT from bankrupt FTX is rising today against the market amid a court hearing. Users want to force FTX to repay debts in crypto, not in dollar terms at Fall 2022 prices. Good point, but FTX trivially doesn't have that much cryptocurrency.