Bitcoin's futures market saw a significant 19.5% drop in Open Interest from $26 billion to $20.89 billion in June, outpacing the 11.4% price decline. This suggests traders are reducing leveraged positions, leading to a healthier market structure with less speculative risk. The shift indicates that future price moves may rely more on spot demand rather than futures speculation. Traders are watching if Bitcoin can rise without a sharp increase in futures exposure, which would confirm stronger spot market support.
The altcoin market cap is showing bullish divergence near recent lows, signaling a potential recovery and possible record-high test in Q4, according to analyst Michaël van de Poppe. Bitcoin is approaching resistance near $86,500, supported by strong ...
Polymarket traders estimate a 59.5% chance that Bitcoin will reach $90,000 at any point in October, based on market contracts that pay out if Bitcoin hits that price even briefly. This optimism is supported by $102.7 million net inflows into US spot ...
AAVE has surged over 20% this week, nearing the $200 mark with strong momentum driven partly by capital rotating from Bitcoin. Despite technical indicators showing overbought conditions that could prompt profit-taking, AAVE's on-chain metrics reveal ...
Bitcoin briefly surged above $86,885 before settling around $86,000, gaining about 3% in October as investors anticipate the U.S. September jobs report. The unemployment rate is expected to hold at 4.1%, with nonfarm payrolls forecast to rise by 90,0...
Federal Reserve Vice Chair Philip Jefferson indicated that policymakers may need more time before raising interest rates again, reducing expectations for an October hike to about 25%. This pause could ease some pressure on Bitcoin, which has struggle...
