Improving Bitcoin price metrics highlight bears’ dwindling confidence in sub-$95K BTC

January 1, 2025 Coin Telegraph

Bitcoin

Bitcoin’s open interest has dropped to a two-month low, indicating limited downside risk for BTC price.

Bitcoin (BTC) has struggled to maintain prices above $95,000 since Dec. 28, but demand for leveraged positions has been on the decline. During this period, bulls faced $470 million in liquidations, while bears showed reduced appetite, especially as Bitcoin tested levels below $92,000.

Measured by its open interest—the total number of contracts across all Bitcoin futures markets—the positions have dropped to their lowest level in two months. While bears have gained the upper hand in the short term, their diminished appetite suggests limited downside potential for Bitcoin's price.

Bitcoin futures aggregate open interest, BTC. Source: CoinGlass

Crypto market cycle permanently shifted — Polygon founder

Chilean Authorities Probe World’s Domiciliary Eye Scanning Activities Pilot

November 9, 2024 Bitcoin.com

bitcoin.com

Chilean authorities from the consumer protection watchdog SERNAC are investigating the company that will provide domiciliary iris scanning services to World, formerly Worldcoin. The measure comes after the institution asked the courts to suspend the project activities last month. World Faces Opposition From Chilean Authorities Regarding Domiciliary Eye Scanning Activities World, the eye-scanning-based identification project, […]

Crypto market cycle permanently shifted — Polygon founder

Ethereum Foundation: ETH Holdings in Treasury Represent 0.26% of Total Supply

November 8, 2024 Bitcoin.com

bitcoin.com

The Ethereum Foundation has released a report detailing its $970.2 million treasury, primarily held in ether. The report outlines the foundation’s strategy of selling ETH during bull markets to fund ecosystem projects during bear markets. Rationale Behind Ethereum Foundation’s ETH Sales The Ethereum Foundation (EF), the non-profit organization supporting the Ethereum ecosystem, has unveiled a […]

Crypto market cycle permanently shifted — Polygon founder

Tether to Perform $2 Billion USDT Chain Swap to Ethereum

November 7, 2024 Bitcoin.com

Tether to Perform Billion USDT Chain Swap to Ethereum

bitcoin.com

Tether will transfer a portion of its USDT cold wallets from other blockchains to USDT on Ethereum via a chain swap. The overall supply of USDT will remain unchanged. Tether to Allow Traders to Utilize USDT Across Blockchains A chain swap is a procedure used to transfer cryptocurrency between blockchains. Through this procedure, crypto users […]

Crypto market cycle permanently shifted — Polygon founder

Trump’s Victory Sparks Massive Politifi Token Meltdown

November 6, 2024 Bitcoin.com

bitcoin.com

Following the recent U.S. election, where Donald Trump was selected as the 47th president, political finance (politifi) tokens have faced an intense wave of sell-offs. Crypto Carnage: Politifi Tokens in Freefall After U.S. Election Politifi tokens, especially those tied to candidates, are under heavy pressure in the market. Tokens linked to Kamala Harris have seen […]

Crypto market cycle permanently shifted — Polygon founder

Coinbase Involved in Asset Listing Controversy: Sun and Cronje Speak

November 5, 2024 Bitcoin.com

Binance

Brian Armstrong, CEO of Coinbase, argued that the exchange did not collect any listing fees while commenting on a case involving Binance asking for 15% of the total supply of a particular token. Nonetheless, two token founders contradicted Armstrong’s statements. Coinbase Allegedly Collecting Hidden Fees for Listing Assets in Its Platform Coinbase is in the […]

Crypto market cycle permanently shifted — Polygon founder

Truth Terminal Creator Faces Devastating Hack — Solana Meme Coin GOAT Plunges

November 3, 2024 Bitcoin.com

bitcoin.com

Earlier this week, Andy Ayrey, the mind behind the semi-autonomous AI bot Truth Terminal, discovered his X account had been hacked, leaving the bot’s portfolio emptied. Onchain investigator Zachxbt reported that a FWOG whale seems to be one of the parties tied to the incident. An X Account Hack and a Pump-and-Dump Scheme — What […]

Crypto market cycle permanently shifted — Polygon founder

Bitcoin price peels back from its weekly high, but BTC derivatives markets look good

November 2, 2024 Coin Telegraph

Coin Telegraph

Wider economic and stock market-related issues are impacting Bitcoin’s softening price, but futures market data shows traders still feel bullish.

Bitcoin’s (BTC) price momentum has cooled since the Oct. 29 rally toward the all-time high, but the derivatives market continues to project traders’ optimism in a price recovery.

The analysis of Bitcoin futures and options markets suggests that traders are maintaining positions without excessive leverage, which is crucial for a sustainable push toward new all-time highs. However, understanding the trigger for Bitcoin's price drop to below $69,000 on Nov. 1 remains essential.

Bitcoin 1-month options delta skew, put-call. Source: Laevitas.ch

Crypto market cycle permanently shifted — Polygon founder

US Treasury Yield Curve Bear Steepens as 2024 Election Looms, Economic Concerns Mount

November 2, 2024 Bitcoin.com

bitcoin.com

The U.S. Treasury yield curve is undergoing a notable bear steepening, a trend signaling rising economic jitters as the 2024 election nears, with the Federal Open Market Committee (FOMC) meeting close behind. Rising U.S. Treasury Yields Could Spell Trouble for 2025 Economy As the U.S. approaches the 2024 election, economic indicators are signaling turbulence ahead, […]

Crypto market cycle permanently shifted — Polygon founder

BIS Drops Mbridge Project Participation: It Was ‘Not Created to Serve the BRICS’

November 1, 2024 Bitcoin.com

BIS

The BIS announced it was abandoning Mbridge, a project aimed at using CBDCs to interconnect the financial systems of several countries, due to its potential to help BRICS nations sidestep economic sanctions. BIS Abandons Mbridge Project for Potential BRICS Sanctions-Evading Applications The Bank for International Settlements (BIS) has finally decided to abandon its participation in […]

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