Key Highlights Bitcoin traded around $74,200 after hitting an overnight low of $74,100 as traders awaited key U.S. CPI inflation figures. U.S. spot Bitcoin ETFs registered $201 million in net outflows, led by a $213.2 million drawdown from BlackRock’s IBIT, marking its seventh consecutive session of redemptions. Avalanche (AVAX) jumped 5% over 24 hours following ...
Key Highlights: Spot Bitcoin ETF inflows have faltered, forcing the cryptocurrency market to rely on broader macroeconomic data and direct spot buying for upward momentum. Market analysts warn that while softer inflation numbers may provide temporary relief, a lasting recovery requires sustained ETF flows and Federal Reserve easing. Key macroeconomic checkpoints are approaching, including producer ...
Key Highlights: Key macro releases include the U.S. Consumer Price Index (CPI), Producer Price Index (PPI), Eurozone GDP data, and multiple speeches from Federal Reserve and European Central Bank officials. Major corporate and institutional decisions loom as MSCI releases its list of potential index exclusions affecting Bitcoin treasury holders, while Binance sunsets its mining pool ...
Key Highlights: Bitcoin maintains firm support near the $80,000 threshold despite recent US government token transfers and security concerns involving Ledger hardware wallets. Options trading data reviewed by QCP Capital reveals reduced hedging demand and significant open interest targeting $90,000, $95,000, and $100,000 strikes via October bullish butterfly spreads. Upcoming US CPI and PPI inflation ...