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- 🦉 Crypto Trader Profits $9M in 3 Days
🦉 Crypto Trader Profits $9M in 3 Days
BTC Futures Open Interest Hits Record $40.5B, DOGE, APE, DIA: Top Cryptocurrencies to Watch This Week, and More!
Traci Smith & Mike Cullison
October 21, 2024
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GM 🦉 Some big moves and fun coins to watch this week. Get it all in 5-minutes with Daily Gains!
In Today’s Crypto World:
BTC Futures Open Interest Hits Record $40.5B 💪
DOGE, APE, DIA: Top Cryptocurrencies to Watch This Week 📺
Crypto Trader Profits $9M in 3 Days 🚀
Gainers & Newbies 👀
Marvel Venom Drop 😮
BTC Open Interest (USD-24H) 🔬
📈 Supercharge Your Bitcoin: 15%+ APY + Multiple Points Multipliers
🚀 Earn 15%+ APY on BTC + 3X Lombard Points
💥 MORE points: Babylon, Symbiotic & Corn, Etherfi Veda, and VCX
🔥 $300K VCX pool + 2X multiplier in week 1 - Act fast!
DEGEN PLAYS
GAINERS & NEWBIES 👀
*Market insights are updated daily.
VEVE & NFT
VENOM LETHAL PROTECTOR ⚔️
CHART OF THE DAY
FUNDING RATES (USD-AVG-24H) 🔬
The crypto funding rate indicates how much a trader has to pay, or how much they will receive every 8 hours (typically), for being long or short on a perpetual contract.
Positive funding rate = traders are typically taking long positions and are overall bullish expecting the price to move higher.
Negative funding rate = traders are typically taking short positions and are overall bearish expecting the price to move lower.
This is valuable information to have because typically, retail traders are wrong when the market is at extremes. For example, we have seen historically with $BTC perpetual contracts that when BTC funding rates go heavily negative, meaning traders are paying funding rates to be short, this has signaled major lows in the price of $BTC, and the price rallied upwards soon afterward.
OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - COIN BURNING 🔦
HOOT’S OF ENLIGHTENMENT
WHAT IS TAO? 💡
TAO is an innovative cryptocurrency designed for the decentralized digital economy, offering unique features that set it apart from others. It utilizes a highly efficient blockchain to enable fast, secure, and scalable transactions, making it ideal for a wide range of applications.
TAO’s advanced smart contract functionality allows developers to build decentralized applications (dApps) with ease, offering more freedom and flexibility than traditional platforms.
Its community-driven governance model ensures that decisions are made collaboratively, promoting transparency and decentralization. Additionally, TAO’s focus on sustainability and eco-friendly consensus mechanisms makes it a forward-thinking choice for the future of finance.
OWLGO’S HOOT BUZZ
OWLGO’S HOT X POST 🚀
OWLGO’S LOLS
DAILYMEMES 🤣
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.