In Brief Bitcoin’s open interest dropped by 14.42%, signaling reduced leverage and a potential buy opportunity for long-term investors. The Crypto Fear and Greed Index hit 15 (extreme fear), historically a sign of market bottoming and a setup for a rebound. BTC’s RSI is nearing oversold territory, suggesting a possible rally toward $92,247 if bullish…
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In Brief Crypto figures, including Vitalik Buterin, are advocating for Roger Ver’s pardon, arguing that his prosecution are politically motivated. Ver has appealed to Donald Trump for clemency, but Tesla CEO Elon Musk opposes a pardon, citing Ver’s renounced US citizenship. Prediction platform Polymarket estimate only a 7% chance that President Trump will grant Ver…
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In Brief KAITO’s price is closely following Bitcoin, with rising correlation suggesting BTC’s recovery could push KAITO past its $2.92 ATH. Traders remain skeptical, as a negative funding rate shows more short contracts than longs, limiting strong bullish momentum. KAITO must break $2.44 for a rally past $3.00, but failure could keep it range-bound between…
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In Brief Today, $5.79 billion in Bitcoin and Ethereum options expire, influencing short-term market trends with a focus on put-to-call ratios. Bitcoin options have a notional value of $4.68 billion with a maximum pain point at $96,000, while Ethereum options total $1.11 billion with a pain point at $3,000 Traders are bracing for volatility as…
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In Brief Bitcoin (BTC) struggles below $100,000 as bearish DMI signals growing selling pressure. Ichimoku Cloud shows potential for reversal if BTC breaks above resistance zones. Key support at $94,818, with resistance at $97,756 and $100,000 if bullish momentum returns. Bitcoin (BTC) has been trading below $100,000 since February 5, facing continued resistance despite attempts…
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In Brief Hong Kong has reportedly approved Bitcoin and Ethereum as valid proof of assets for investment immigration applications. Reports indicate that two applicants have successfully used cryptocurrency holdings to meet the HK$30 million requirement. This decision reinforces Hong Kong’s ambition to become a global digital finance hub while ensuring regulatory oversight on crypto. Hong…
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In Brief Bitcoin options worth $2.56 billion and Ethereum options at $557 million are expiring today, impacting market trends. Expiring BTC options have a 0.57 put-to-call ratio, suggesting bullish sentiment, with a max pain point of $99,500. Weak market sentiment, partly due to Trump tariffs and macroeconomic data, contributes to low max pain points for…
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In Brief Arthur Hayes predicts Bitcoin’s value will drop to $70,000–$75,000 before rebounding to $250,000 by year-end. The decline is linked to macroeconomic trends, not today’s DeepSeek-related market turmoil, which Hayes sees as a catalyst. Hayes highlights US monetary policy and global factors as key drivers for Bitcoin’s eventual pull-back and later growth. Arthur Hayes…
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In Brief A Meta shareholder has proposed allocating a portion of the company’s $72 billion cash reserves to Bitcoin. The proposal cites BTC’s potential as a hedge against inflation and its superior performance compared to traditional assets. Meanwhile, the proposal aligns with the growing advocacy for corporate Bitcoin adoption around the globe. A shareholder in…
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In Brief Donald Trump’s NFT collection, “Trump Bitcoin Digital Trading Cards,” debuts with 160 pieces on the Bitcoin network. The collection includes 200 cards in total, with incentives for buyers and availability via Magic Eden’s NFT marketplace. The broader NFT market faces oversaturation, though Bitcoin and Ethereum lead 2024 sales with over $3.1 billion. Donald…
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