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Binance Iran Probe, ETH MVRV Signal & Bitcoin $87K | Sep 22
Audio is available on Spreaker — see link below.
The DOJ has opened a fourth U.S. enforcement action against Binance over Iran sanctions compliance, while Ethereum flashes a rare bullish MVRV signal and Bitcoin rallies to $87K. Today's briefing covers on-chain data, ETF inflows, short liquidations, and the altseason watch.
Audio is available on Spreaker — see link below.
The Department of Justice has opened a new investigation into Binance over potential violations of U.S. Iran sanctions. This is separate from the twenty twenty-three settlement.
Shifting to market structure, Ethereum is flashing a signal that hasn't appeared since October twenty twenty-five. The MVRV ratio, which compares market value to realized value, just hit three-point-six percent.
Ethereum ETFs pulled in two hundred and seventy million dollars in net inflows on Monday, the strongest single-day figure in recent weeks. The catch is that September inflows overall are tracking sixty-five percent below August's pace.
Monday's move also produced the largest short liquidation event since August. Nine hundred and twenty-four million dollars in shorts were wiped out across crypto markets as assets broke past key resistance levels.
Bitcoin rallied to eighty-seven thousand dollars, putting ninety thousand dollars back in active conversation for the first time in weeks. The technical setup is strengthening and buying pressure is rising.
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