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- 🦉 Microsoft Shareholders Want It To Buy Bitcoin
🦉 Microsoft Shareholders Want It To Buy Bitcoin
What Is Goatseus Maximus?, Ethereum ‘Verge’ Upgrade to Enable Nodes on Phones, and More!
Traci Smith & Mike Cullison
October 25, 2024
GM 🦉 Cap off the week with a 5-minute crypto read!
In Today’s Crypto World:
Microsoft Shareholders Want It To Buy Bitcoin 💰
What Is Goatseus Maximus? 🐐
Ethereum ‘Verge’ Upgrade to Enable Nodes on Phones 📲
Gainers & Newbies 👀
Anit-Venom Spider-Man Drop 🕷️
BTC Funding Rates (USD - Average - 24h) 🔬
DEGEN PLAYS
GAINERS & NEWBIES 👀
*Market insights are updated daily.
VEVE & NFT
ANTI-VENOM SPIDER-MAN DROP 🕷️
CHART OF THE DAY
FUNDING RATES (USD-AVG-24H) 🔬
By understanding the funding rate, we can broadly identify how the majority of traders are positioned in the market. The below is an oversimplification but we can generally say:
Positive funding rate = traders are typically taking long positions and are overall bullish expecting price to move higher.
Negative funding rate = traders are typically taking short positions and are overall bearish expecting 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.
So it is worth keeping an eye on when the funding rate goes extremely negative, indicating that short traders pay long traders at that time. That has been an unusual event in Bitcoin's history as typically funding rates are positive.
OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - ORACLES IN CRYPTO 🔦
HOOT’S OF ENLIGHTENMENT
WHAT IS FET? 💡
Artificial Superintelligence Alliance cryptocurrency, FET, powers a blockchain-based platform that uses autonomous “agents” to execute complex tasks, making it especially appealing for industries like supply chain, finance, and IoT.
What makes FET unique is its focus on decentralized machine learning, allowing agents to make decisions based on real-time data.
This gives Fetch.ai the potential to automate processes in a secure and scalable way, lowering costs and enhancing efficiency.
FET’s technology is particularly exciting for its applications in AI-driven services and smart cities, where it can optimize resources like transportation and energy management, pushing innovation beyond traditional blockchain projects
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.