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Bitcoin price pusess in Consolidation: Aiming for new gain
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Analyst Says Bitcoin's Expected Rally Won't Come in October, Points to This Date! Explains Expectations! Investors who have been trying to cope with the declines since the ATH in March have waited for October, the bullish month, for a rally in Bitcoin. While strong increases are expected in October and beyond, option investors have also become active. However, the increase may be delayed a little longer. According to Deribit data, investors have locked up over $990 million in the $100,000 call option for BTC. This makes the $100,000 call the most popular Bitcoin option on Deribit, while the second most popular option is the $70,000 call option, which has over $800 million in open interest. Speaking to Coindesk, Wintermute OTC Trader Jake Ostrovskis said, āThe highest open interest for Bitcoin among all expiration dates appears to be at $100,000 and $70,000. Some market participants interpret this as supporting the bullish trend prevailing in the market.ā Jake Ostrovskis also noted that the most popular option for the US election, which is the November 8 expiration date, is the $45,000 put call. The popularity of the $45,000 level is consistent with investorsā tendency to seek downside protection ahead of a binary event such as an election result, Ostrovskis said. At this point, Ostrovskis stated that the $45,000 put options with a November 8 expiration date and the current volatility level showed a downward trend until the end of October and November, and that the current option situation supports the post-election rise, but a year-end bull could occur.#BinanceLaunchpoolHMSTR #BTTcReward #BTCPredictedNewATH #moonbix U.S.PCIUp 0.1%#BTCPredictedNewATH
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Goodnews for BLUM users š„ The community is abuzz with speculation that the Blum coin listing date will take place in October 2024, alongside the highly anticipated airdrop. #BTTcReward #BlumAirdrop #BinanceLaunchpoolHMSTR #BTCPredictedNewATH #moonbix $BTC $ETH $BNB
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US spot bitcoin ETFs see $287 million in net outflows, largest negative flows since May! Reported by The Block: On Tuesday, spot bitcoin ETFs in the U.S. recorded $287.78 million in net outflows. Bitcoin traded down 3.93% over the past 24 hours at $56,680 at the time of writing. U.S. spot bitcoin exchange-traded funds continued their streak of negative flows on Tuesday. According to data from SosoValue, the 12 spot bitcoin ETFs recorded net outflows of $287.78 million on Tuesday, the largest negative flows since May 1. BlackRockās IBIT, the largest spot bitcoin ETF by net assets, logged zero flows for the day. Grayscaleās GBTC, the second-largest spot bitcoin ETF, saw $50.39 million leave the fund, while Fidelityās FBTC recorded the largest outflows, with $162.26 million. Ark and 21Sharesā ARKB logged outflows of $33.6 million, and Bitwiseās BITB reported $24.96 million in net outflows. Several other ETFs managed by VanEck, Valkyrie, Invesco and Franklin Templeton also saw modest outflows. The significant outflows came amid a market selloff, with Wall Street plummeting on Tuesday on weaker ISM data in the U.S. The U.S. ISM manufacturing index for August came in at 47.2%, up 0.4 percentage points from July. The total trading volume for the spot bitcoin ETFs amounted to $1.56 billion on Tuesday, compared to $1.54 billion last Friday. The U.S. market was closed on Monday for a holiday. Ether ETFs also experienced outflows Meanwhile, spot ether ETFs in the U.S. recorded net outflows of $47.4 million on Tuesday, the most significant daily negative flows since August 2. The Grayscale Ethereum Trust (ETHE) was the only spot ether ETF to report outflows for the day, with $52.31 million. Fidelityās FETH logged $4.91 million in net inflows. Seven other spot ether ETFs saw no flows. The daily trading volume of these ether ETFs shrank to $163.5 million on Tuesday from $173.66 million last Friday. #BTTcReward #BTCā #ETHš„š„š„š„ #BNBAnalysis #BNBChainMemecoins $USDC $SOL $BTC
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The CFTC, the USās Most Authorized Commodity Authority, Organized a Cryptocurrency Operation ā Hereās What Was Seized! The U.S. Commodity Futures Trading Commission (CFTC) has successfully recovered $18 million worth of cryptocurrencies linked to an alleged commodity pool pyramid scheme. The scheme, orchestrated by Oregon resident Sam Ikkurty, involved defrauding investors through a so-called ācrypto hedge fund.ā According to the CFTC, Ikkurty deceived investors by promising to make a ānet profit,ā but failed to do so. In reality, the fundās performance fell 98.99% in months, a fact Ikkurty concealed from his investors. The CFTCās findings revealed that Ikkurty invested in volatile digital asset commodities, contrary to his assurances, and that his claimed crypto expertise was a fabrication. The agency noted that Ikkurtyās actual experience with digital assets consisted of losing his personal Bitcoin in a hack. U.S. District Court Judge Mary Rowland of the Northern District of Illinois ordered Ikkurty and several affiliated entities to pay a total of $209 million, including approximately $84 million in customer restitution, approximately $37 million in restitution of illicit profits and approximately $110 million in civil penalties. Ikkurty was also assessed a criminal contempt award exceeding $14 million. āWhile the defendants promoted their schemes as cutting-edge crypto and carbon investments, in reality they were old-fashioned pyramid schemes,ā CFTC Enforcement Director Ian McGinley said in a statement regarding the case. #BTTcReward #BTC500K #BNBvsSOL #DOGSONBINANCE #TelegramCEO $BTC $ETH $BNB
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BNB Drops Below 570 USDT with a 0.28% Decrease in 24 Hours
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Ethereum Foundation Researchers Resign From EigenLayer Advisory Roles Amid Controversy
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Cryptocurrency Market Sees $187 Million in Liquidations Over 24 Hours
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US October Nonfarm Data Falls Short Due to Hurricanes and Strikes
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XRP Price Rebounds Amid Market Volatility
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