Traders have purchased $2.5 billion in bitcoin call spreads targeting a price of $72,000 by July 31, coinciding with the Federal Reserve's interest rate decision on July 29. This bull call spread strategy indicates moderate confidence in bitcoin's price rising from its recent $64,000 level. The timing suggests traders expect the Fed meeting to be a catalyst for price movement, despite current market odds favoring a hold on rates. Geopolitical tensions and inflation data add complexity, but large traders appear optimistic about bitcoin's near-term gains.
Bitcoin surged to $65,340 on August 7 after US July nonfarm payrolls unexpectedly fell by 23,000, the first monthly job loss since February. This weaker employment data reduced the probability of a Federal Reserve rate hike in September from 55% to 4...
Top traders are reducing Bitcoin long positions, especially in USDT-margined futures, indicating a cooling of leveraged bullish sentiment. Data shows a notable decline in the share of accounts holding BTC longs, suggesting broad de-risking rather tha...
A major whale investor has boosted their Bitcoin long exposure on the Hyperliquid exchange, coinciding with HyperLabs transferring large amounts of its HYPE tokens to centralized exchanges. This activity reflects growing confidence among whales, with...
Trump Media has canceled its plans with Crypto.com to create a publicly traded company for accumulating and staking Crypto.com's CRO token, citing changing market conditions and business priorities. The company is also dropping a separate Crypto.com ...
Bitcoin is trading around $64,941 with a slight increase of 0.8%, while Ethereum and Binance Coin also see modest gains. Some altcoins like Solana and Zcash show stronger positive movements, whereas others like XRP and Cardano experience declines. Th...
