Daily Market Brief 2024/08/16 12:00 UTC+8

Analyst Views

“Central banks are relenting, the liquidity floodgates are opening, and Bitcoin is about to surge higher. My Global Liquidity Momentum Composite (MSI) model has given its first bullish signal since November 2023. To recap, Bitcoin rallied 75% between November and April before the model turned bearish.” - Jamie Coutts, Analyst @Real Vision

“Bitcoin price performance in halving years: So far, 2024 is performing very similar to 2016 and 2020. If prices are to rise, it will probably be in Q4.” - Julio Moreno, Head of Research @CryptoQuant

"As PPI and CPI have been implemented one after another, the market's expectations for volatility have dropped significantly, which in turn has driven a significant decline in the IV of each major term. The short-term IV has dropped by more than 20% this week, while the medium and long-term IV has also dropped by about 5%. Now The term structure is back to a solid structure of far highs and near lows, the market may have been settling for a while, and the price/performance ratio of selling mid-term options now looks better.” - Greeks.live.

Market Hotspots

  • On August 15, the U.S. Bitcoin ETF had a net outflow of 1,316 BTC.

  • On August 15, the U.S. Ethereum ETF had a net outflow of 1,736 ETH.

  • Futures traders raised their odds of a 25 basis point rate cut by the Federal Reserve in September to 74.5% from 65% on Wednesday evening.

  • Donald Trump Jr. has launched a Telegram channel called “The DeFiant Ones” to talk about upcoming crypto projects.

  • There are now 701 new funds reporting holdings of Bitcoin spot ETFs.

Investment and Financing Information

  • Orderly Network 宣布完成 500 万美元战略轮融资，OKX Ventures、Manifold Trading、Presto Labs、LTP、Nomad Capital 和 Origin Protocol 参投。

  • Crunch Lab announced that it has completed a $3.5 million seed round of financing, led by crypto investment firm Multicoin Capital, with participation from Factor Capital, Fabric VC and Elixir Capital.

  • Binance Labs announced an investment in MyShell through its sixth incubation program. The specific amount has not been disclosed.

  • Chaos Labs announced that it has closed a $55 million Series A funding round led by Haun Ventures, with participation from notable new investors including F-Prime Capital, Slow Ventures, and Spartan Capital.

监管动态

  • The U.S. Securities and Exchange Commission (SEC) has approved the first leveraged long MicroStrategy ETF.

  • US Vice President Harris will unveil her economic plan on Friday.

 

#BTC #ETF #ETH