{"id":26795,"date":"2023-07-25T02:02:22","date_gmt":"2023-07-25T05:02:22","guid":{"rendered":"https:\/\/tiproject.online\/index.php\/2023\/07\/25\/eth-bears-eye-sub-1800-on-fed-fear-and-binance-woes\/"},"modified":"2023-07-25T02:02:22","modified_gmt":"2023-07-25T05:02:22","slug":"eth-bears-eye-sub-1800-on-fed-fear-and-binance-woes","status":"publish","type":"post","link":"https:\/\/tiproject.online\/index.php\/2023\/07\/25\/eth-bears-eye-sub-1800-on-fed-fear-and-binance-woes\/","title":{"rendered":"ETH Bears Eye Sub-$1,800 on Fed Fear and Binance Woes"},"content":{"rendered":"

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ETHUSD 250723 4 Hourly Chart<\/figcaption>

On Monday, news<\/a> hit the wires of the SEC alleging Binance.US wash traded. The Wall Street Journal reported that $70,000 of BTC changed hands within the first hour, with Binance CEO CZ saying, \u201cThat was ourself, I think.\u201d<\/p>\n

According to the Wall Street Journal Report,<\/p>\n

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\u201cThe day after the platform (Binance.US) was launched in September 2019, wash trading between Sigma Chain accounts and accounts owned by Zhao and senior employees constituted nearly 70% of trading volume for one token, the SEC alleged.\u201d<\/p>\n<\/blockquote>\n

The latest WSJ report could leave Binance.US, Binance, and CZ in a precarious position if there is evidence of wash trading.<\/p>\n

Fed Fear added to the bearish mood, with investors betting on a final 25-basis point Fed interest rate hike on Wednesday. A more hawkish policy outlook would spook investors.<\/p>\n

Staking Statistics Send Bearish Price Signals Again<\/h2>\n

According to\u00a0CryptoQuant<\/a>, staking inflows fell from 46,400 ETH on Sunday to 23,104 on Monday. Staking inflows declined to below the recent ranges, reflecting bearish sentiment.<\/p>\n

The overnight withdrawal profile was bearish, with principal withdrawals at above-normal levels. However, withdrawal projections for the morning session are bullish. Projections show ETH withdrawals will return to normal withdrawal levels throughout the morning.<\/p>\n

On Monday, the net ETH staking balance stood at a 39,820 ETH surplus ($74.78 million), down 6.3% over 24 hours. Deposits totaled 49,560 versus withdrawals of 9,740 ETH.<\/p>\n

According to TokenUnlocks<\/a>, total pending withdrawals stood at 30,500 ETH, equivalent to approximately $56.47 million. Notably, the staking APR stood at 5.76%, down 0.17% over 24 hours. The fall in the staking APR and lower staking inflows are ETH price negative.<\/p>\n

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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

[ad_1] ETHUSD 250723 4 Hourly ChartOn Monday, news hit the wires of the SEC alleging Binance.US wash traded. The Wall Street Journal reported that $70,000 of BTC changed hands within the first hour, with Binance CEO CZ saying, \u201cThat was ourself, I think.\u201d According to the Wall Street Journal Report, \u201cThe day after the platform (Binance.US) was launched in September 2019, wash trading between Sigma Chain accounts and accounts owned by Zhao and senior employees constituted nearly 70% of trading volume for one token, the SEC alleged.\u201d The latest WSJ report could leave Binance.US, Binance, and CZ in a precarious position if there is evidence of wash trading. Fed Fear added to the bearish mood, with investors betting on a final 25-basis point Fed interest rate hike on Wednesday. A more hawkish policy outlook would spook investors. Staking Statistics Send Bearish Price Signals Again According to\u00a0CryptoQuant, staking inflows fell from 46,400 ETH on Sunday to 23,104 on Monday. Staking inflows declined to below the recent ranges, reflecting bearish sentiment. The overnight withdrawal profile was bearish, with principal withdrawals at above-normal levels. However, withdrawal projections for the morning session are bullish. Projections show ETH withdrawals will return to normal withdrawal levels throughout the morning. On Monday, the net ETH staking balance stood at a 39,820 ETH surplus ($74.78 million), down 6.3% over 24 hours. Deposits totaled 49,560 versus withdrawals of 9,740 ETH. According to TokenUnlocks, total pending withdrawals stood at 30,500 ETH, equivalent to approximately $56.47 million. Notably, the staking APR stood at 5.76%, down 0.17% over 24 hours. The fall in the staking APR and lower staking inflows are ETH price negative. [ad_2] Source link<\/p>\n","protected":false},"author":1,"featured_media":26077,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-26795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/26795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=26795"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/26795\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/26077"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=26795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=26795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=26795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}