'Negative Skew': What It Is, Why It's Frustrating Bitcoin Bulls, and Why It Might Mean a Bottom is Near

VanEck reports that the recent downturn in Bitcoin prices is primarily driven by mid-cycle wallets, while long-term holders, known as whales, continue to accumulate. The analysis indicates that the market is experiencing washed-out conditions, with futures data reflecting this trend.

Ripio, a cryptocurrency exchange, has announced the establishment of a $100 million crypto treasury, making it the second largest in Latin America. The treasury includes holdings in bitcoin and ether, which have been managed through trading and hedging strategies since 2017.

Spot SOL exchange-traded funds (ETFs) have continued their inflow streak since launching on October 28, marking the second-largest inflows for November. In contrast, Bitcoin and Ether ETFs have faced significant outflows, totaling hundreds of millions of dollars during the same period.

The SEC is advancing Bitwise's cryptocurrency ETF proposal, which includes XRP and Solana as key components. This move reflects a growing acceptance of cryptocurrencies in traditional finance, as the SEC's approval could pave the way for more institutional investment in these digital assets. The positive sentiment surrounding XRP and Solana indicates their resilience in a fluctuating market.

The New Hampshire Business Finance Authority has initiated steps towards a potential $100 million private-sector bitcoin bond. This marks the state's first effort to integrate cryptocurrency into municipal financing, potentially reshaping funding strategies.

The Santa Rally, a term used to describe the stock market's upward trend during the holiday season, raises the question of whether retail investors or large 'whales' are the primary drivers of this phenomenon. Recent analyses suggest that both retail FOMO (fear of missing out) and significant capital flows from whales contribute to the December market surge in stocks and cryptocurrencies. Understanding these dynamics is crucial for investors navigating the volatile market landscape.

The Santa Rally, a phenomenon observed in December where stock and cryptocurrency markets tend to surge, raises the question of whether retail investors or large 'whales' are the primary drivers. Recent analyses indicate that both retail fear of missing out (FOMO) and significant capital flows from whales contribute to this market behavior. Understanding the dynamics between these two groups is crucial for predicting market trends during the holiday season.