2024/07/18   12:20  UTC+8

Analyst Views

“More than half of BTC options block trades come from active call buying, while more than half of ETH’s ordinary trading volume comes from active call buying. Now the bulls are clearly stronger than the bears, but the sentiment is relatively calm and has not yet entered the Fomo stage” - Greeks.live

“Stablecoin liquidity may limit the potential for significant future price appreciation of Bitcoin. Stablecoin market capitalization has not yet fully increased, and despite some positive trends in stablecoin market capitalization, USDT's monthly market capitalization growth is still close to zero, which still suppresses the potential for further Bitcoin price appreciation.” - CryptoQuant

"The probability of the Fed keeping interest rates unchanged in August is 96.4%, and the probability of a 25 basis point rate cut is 3.6%. The probability of the Fed keeping interest rates unchanged in September is 1.0%, the probability of a cumulative 25 basis point rate cut is 95.5%, and the probability of a cumulative 50 basis point rate cut is 3.6%." - CME Fed Watch

Quick Facts

  • The U.S. spot Bitcoin ETF saw net inflows of $53 million yesterday, marking nine consecutive days of net inflows.

  • The Fear and Greed Index (FGI) remains in Greed mode today, falling to 61 points from 69 points yesterday.

  • The US spot Bitcoin ETF has now accumulated more than 887,000 BTC, second only to CEX's 3 million BTC holdings. In other respects, miners including Patoshi hold about 705,000 BTC, government entities hold about 207,000 BTC, and Mt.Gox trustees hold about 139,000 BTC.

  • In an interview, Hester Peirce, Commissioner of the U.S. SEC, said that the creation/repurchase of the same type of Stake and Ethereum/Bitcoin ETFs may be reconsidered.

  • German law enforcement has disclosed to it that an “emergency sale” of nearly 50,000 bitcoins has concluded, with sales revenue reaching $2.88 billion (€2.639 billion).

#BTC #ETF #ETH #USDT