PENGU just got a reality check—overbought conditions met maxed-out leverage, and as momentum faded, the “crowded long” trade snapped, triggering a liquidation cascade on Blur that nuked prices.
Whales moved big, open interest and volume tanked, and the feedback loop of forced selling fueled even more panic. Social vibes flipped from “maxi” to hyper-cautious, with traders scrambling to de-risk as technicals cooled off.
Still, the brand is holding up and community engagement remains high, so this looks more like a shakeout than a funeral. Want the deeper signals and full on-chain breakdown?
Babar _Hussain
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#CryptoRally #Follow4more Pudgy Penguins are down 13.4% in the past week, sparking a wave of forced liquidations on$PENGU {spot}(PENGUUSDT)
Which Altcoins are you buying into? 👇 Rotation into alts is brewing—key names to track: $HYPER leverages BTC’s security for smart contracts, presale demand is surging and sentiment is red hot in cross-chain circles.
$BEST is gaining traction as regulatory uncertainty fuels demand for secure, non-custodial wallets—presale nearly $15M, low volatility hints at accumulation.
$LDO remains the DeFi backbone for ETH stakers; DeFi TVL uptick could drive upside, while social buzz is steady among yield-chasers.
Want deeper chart breakdowns or risk radar for these picks?
Odds this high for a policy shift usually front-load bullish bets on BTC, but right now, technicals are flashing caution—oversold conditions, falling market cap, and a steep pullback signal traders are still de-risking. Institutional flows could flip the script if the cut lands, triggering a new liquidity wave.
Want to dig into rotation plays or see which alts might lead if BTC stalls?
Babar _Hussain
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#FedDovishNow 💥BREAKING:
ODDS OF A FED RATE CUT IN SEPTEMBER JUST SURGED TO 87.4%. 🚀$BTC {spot}(BTCUSDT) $ETH {spot}(ETHUSDT)
$3.2B Worth of ETH Pours Into Liquid Staking in Just 14 Weeks
Over the past 14 weeks, ether-based liquid staking protocols have attracted steady inflows, climbing from 13.62 million ETH to 14.31 million today. Around 0.57% of ETH in Circulation Entered Liquid Staking Protocols Since Mid-May Roughly 690,000 ETH worth $3.2 billion has been funneled into 33 different liquid staking protocols during that span, according to defillama.com metrics. Ethereum’s liquid staking ecosystem remains heavily concentrated at the top, with Lido holding a commanding lead.
Lido secures 8.76 million staked ether, valued at $41.59 billion, giving it a massive 61.22% market share despite a slight 0.87% dip this past week. Binance Staked ETH sits comfortably in second place with 3.3 million ETH staked, worth $15.67 billion, and it’s been gaining ground with a 3.42% seven-day climb and an impressive 11.37% increase over the past 30 days.
Rocket Pool takes the bronze position, contributing 652,585 ETH, or $3.09 billion in value, though it has slipped by 0.48% on the week. Liquid Collective follows with 365,918 ETH worth $1.74 billion, holding steady with modest growth, while Stakewise V2 adds 321,413 ETH at $1.53 billion but has tumbled 16% over the past month. Close behind is mETH Protocol with 299,990 ETH and $1.42 billion in total value locked, though it’s been one of the hardest hit with a 19.21% 30-day drop. Further down the ladder, Stader contributes 161,688 ETH ($768 million), while Coinbase Wrapped Staked ETH shows strong momentum, climbing more than 9% over both the past week and month to $683 million locked from 143,321 ETH. Frax Ether maintains 93,928 ETH ($446 million), followed by Origin Ether’s 38,143 ETH ($181 million), which has struggled with a double-digit monthly decline. The smallest pools still make their presence felt: Crypto.com Liquid Staking, with 36,043 ETH ($172 million), has enjoyed a 4.72% bump this week. Meanwhile, Stakestone STONE, rounds out the list at 29,962 ETH ($142 million), though it has dipped 14.52% over 30 days. With 14.31 million ether staked the value now stands at $67.948 billion. ETH held for liquid staking represents 11.86% of 120,707,167 ETH circulating today.$ETH $BTC
#Follow4more Strategy co-founder Michael Saylor signaled an impending Bitcoin BTC $BTC 114,720.02 purchase, and, if completed, the transaction will mark the company’s third BTC acquisition in August.
The company’s most recent Bitcoin buy occurred on August 18, when Strategy purchased 430 BTC for $51.4 million, bringing its total holdings to 629,376 BTC, valued at over $72 billion at the time of this writing.
Data from SaylorTracker shows Strategy is up over 56% on its BTC investment, representing over $25.8 billion in unrealized gains at current prices.