Bitcoin ETF and chart

Gabor Gurbacs Sees Leverage Potential in Bitcoin ETFs, Fueling Institutional Adoption

Bitcoin ETFs allow holders to use Bitcoin as a collateral and gain access to credit and leverage in the traditional markets. The few billion dollars of liquidity that’s coming in today will be nothing compared to what’s coming when more institutions begin to understand this.

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Mutant ape NFT and a graph showing price crash

MAYC Meltdown: Mutants Drowning in Debt on Blur

MAYC Meltdown: Mutants Drowning in Debt on Blur
Excerpt: Cirrus, a resident of Blur’s bidding pools, paints a grim picture of Mutant Ape Yacht Club (MAYC) and its Mutant serums. Prices have dived 20% in just a week, with loans and leveraged farming adding fuel to the fire.

Keywords: MAYC, Blur, underwater loans, farmer, leverage, all-time lows

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Things aren’t looking pretty for Mutants. Cirrus, a dedicated observer of the NFT scene, warns of a 20% price drop in a single week. To make matters worse, over 200 underwater loans currently reside on Blur, while a single farmer sits atop a mountain of 340 leveraged Mutants.

With such heavy leverage and sinking prices, new all-time lows seem like a real possibility. Cirrus even witnessed Mutants touch their lowest point ever just last night.

But there’s a glimmer of hope. Since then, the loan situation has improved somewhat, with the number of underwater loans dropping to around 100. The top farmer’s stash has also shrunk to 280.

Cirrus emphasizes that he’s not spreading fear, but simply reporting what he sees from the murky depths of Blur. As someone who spends their time navigating the bidding pools, he’s well-positioned to observe the undercurrents of the Mutant market.

So, what’s next for Mutants? Only time will tell. But one thing’s for sure: the recent turbulence has left many diving for cover, while Cirrus keeps a watchful eye from the cold, dark depths.

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Penguin image titled: Someone just jumped 39 penguins

Someone Just Dumped 39 Penguins for 438 ETH (Approx. $1,02 Million)

CirrusNFT made a tweet that sent shockwaves through the NFT market, reporting a significant Penguin sale. According to him, a collector dumped 39 Pudgy Penguins making more than a million dollars from the sale.

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