Bitcoin's Coinbase premium has dropped to its lowest level this month, signaling intensified selling by U.S. institutional investors. This premium, which measures Bitcoin's price difference between Coinbase and Binance, turned negative, indicating institutions are offloading Bitcoin faster than global retail traders. Concurrently, U.S. spot Bitcoin ETFs have seen $1.3 billion in outflows since mid-May, and Bitcoin open interest fell by $1.5 billion this week, reflecting reduced leverage and weak spot demand. Analysts link this trend to institutions shifting capital toward equities amid macroeconomic uncertainty, with some viewing the negative premium as a potential market bottom signal.
Bitcoin experienced significant short position liquidations totaling $35.49 million during a one-hour period ending at 11:15 a.m. ET on October 21, coinciding with a 0.92% price increase from $83,886 to $84,654. Total liquidations, including $70,000 ...
By early October, nearly 90% of Flare's FXRP tokens, which represent XRP for DeFi use, were deployed in decentralized finance applications. Despite the end of liquidity incentives in July, about 95% of the FXRP deployed then remained active, indicati...
GSR updated its Core3 model portfolio by reducing Bitcoin allocation by 2.5 percentage points to 40.5% and increasing Solana to 23.5%, while Ether remained steady at 36%. Over the past week, Bitcoin rose 1.4%, Ether 0.7%, and Solana 2.1%, though all ...
Bitcoin (BTC) briefly rose above the $84,000 mark on Binance spot markets, reaching $84,022 on October 21. This move represents a $130 increase within 15 minutes, showing a positive short-term momentum. The price increase is significant as $84,000 is...
Bitcoin briefly traded above the $84,000 mark, reaching 84,002.04 USDT, reflecting a 1.18% increase during the trading day. This slight rise above the key threshold indicates positive momentum in the cryptocurrency market. Investors tracking Bitcoin'...
