Spot Bitcoin exchange-traded funds in the United States have seen more than $1.2 billion in outflows this week, but Charles Schwab is seeing more interest in the products. The eleven spot Bitcoin ETFs in the US saw an aggregate outflow of $366.6 million on Friday, which rounded off a red week for the asset and…
Read more
Net Asset Values (NAVs) in digital asset treasuries (DATs) have collapsed, but this is not as bad as it sounds and can be viewed as an opportunity for savvy investors, according to 10x Research. “The age of financial magic is ending for Bitcoin treasury companies,” stated 10x Research analysts in a report shared with Cointelegraph…
Read more
Several regional banks in the United States are facing renewed stress despite strengthening their finances after the 2023 banking crisis, and Bitcoin could benefit from any liquidity crisis that follows. Strike CEO Jack Mallers sees the banking stress as validation that Bitcoin (BTC) is correctly pricing in an impending liquidity crisis, opining that the Federal…
Read more
Gold’s market capitalization reached a record $30 trillion on Thursday as the commodity surged to a new all-time high of $4,357 per ounce. The milestone market cap peak means that gold is now 14.5 times larger than Bitcoin’s market capitalization, which is around $2.1 trillion. It is also 1.5 times larger than the market capitalization…
Read more
The crypto markets are still on track for a bullish October despite a major liquidation event last week, according to analysts and experts, who have compared it to other crypto black swan events. “After the largest liquidation in crypto history, I expected October to be deep in the red,” crypto podcaster Scott Melker said on…
Read more
A huge crypto derivatives speculator that recently made $192 million betting on the crypto market with a curiously timed short has opened up more bearish positions. The whale trader (0xb317) on the Hyperliquid decentralized derivatives exchange has opened a $163 million leveraged perpetual contract to short Bitcoin (BTC) on Sunday. The 10x leveraged position is…
Read more
Funding rates across crypto derivatives markets plummeted to their lowest levels since the depths of the 2022 bear market, as short sellers mounted up over the weekend. The dramatic fall in funding rates was reported by onchain analytics provider Glassnode on Sunday. “This marks one of the most severe leverage resets in crypto history,” the…
Read more
Financial institutions are quickly waking up to the “debasement trade,” according to commentators, which could be a boon for assets such as gold and Bitcoin. Institutions have a new concept to cling to called the “debasement trade,” which will be the thing that protects them, said entrepreneur Anthony Pompliano in a podcast on Thursday. It’s…
Read more
Nearly all of Bitcoin’s supply is now in profit after a recent rally, but rising leverage and “crowded call positioning” could suggest growing short-term fragility, according to onchain analytics. As of Wednesday, 97% of Bitcoin (BTC) supply is in profit, reported blockchain analytics provider Glassnode. “Building on the accumulation trend, Bitcoin’s rally to a new…
Read more
BitMEX co-founder Arthur Hayes has agreed that the four-year crypto cycle is dead, but not for the reasons most people believe. “As the four-year anniversary of this fourth cycle is upon us, traders wish to apply the historical pattern and forecast an end to this bull run,” said Hayes in a blog post on Thursday.…
Read more