Kraken just spent $550M to buy a derivatives exchange

Kraken drops $550 million on a derivatives exchange. BTC sits at $76K with a sell wall overhead. Negative funding rates hit their highest of the year. Someone's positioning for the next move — question is which direction.Today's key developments:• Kraken's parent Payward is acquiring derivatives exchange Bitnomial for $550 million in cash and stock — the biggest exchange acquisition in years.• Negative funding rates hit their highest level of 2026 as BTC tests $76K — shorts are the most crowded they've been all year.• Glassnode's RHODL ratio is signaling the Bitcoin bottom may already be in — a metric that has historically called major cycle lows.📰 Read the full Daily Pulse: https://pulse.tokenmetrics.com/p/new-post-4631-e272?utm_source=spreaker&utm_medium=audio&utm_campaign=daily_pulse_podcast🔔 Subscribe for daily crypto market updates!⚠️ Disclaimer: This content is for educational purposes only and does not constitute investment advice. Always do your own research.#crypto #bitcoin #ethereum #dailypulse #tokenmetricsSign up for the Daily Pulse at tokenmetrics.com