Today's News‼️
🔴 Bitcoin has posted its largest quarterly gain since Trump's election victory;
🔴 Bitfinex: Approximately 867,000 BTC were purchased at a price of ~$84,000—the exact level where the price is currently trading. Above this level, about 75% of the supply is in profit. Below, the $77,000–$81,500 zone comes back into focus;
🔴 According to Polymarket, the probability of Bitcoin exceeding $90,000 this month currently stands at 59%;
🔴 Open interest in futures and options has subsided. Demand for spot ETFs has cooled but remains high. On-chain activity is high. The sell-side pressure seen in futures last week has significantly decreased;
🔴 Chainalysis, citing its own data, reported a sharp rise in the number of wallets participating in P2P stablecoin trading in China, despite ongoing cryptocurrency restrictions;
🔴 Decrypt reports on DvP—an open-source program designed to enable banks to settle transactions on the Solana network with the level of certainty expected in traditional financial markets;
🔴 The yield on 30-year US Treasury bonds has reached 5.7% for the first time since 2002; Many at the Bank of Japan are wary of an interest rate hike in October—monitoring.
🔴 Bitcoin has posted its largest quarterly gain since Trump's election victory;
🔴 Bitfinex: Approximately 867,000 BTC were purchased at a price of ~$84,000—the exact level where the price is currently trading. Above this level, about 75% of the supply is in profit. Below, the $77,000–$81,500 zone comes back into focus;
🔴 According to Polymarket, the probability of Bitcoin exceeding $90,000 this month currently stands at 59%;
🔴 Open interest in futures and options has subsided. Demand for spot ETFs has cooled but remains high. On-chain activity is high. The sell-side pressure seen in futures last week has significantly decreased;
🔴 Chainalysis, citing its own data, reported a sharp rise in the number of wallets participating in P2P stablecoin trading in China, despite ongoing cryptocurrency restrictions;
🔴 Decrypt reports on DvP—an open-source program designed to enable banks to settle transactions on the Solana network with the level of certainty expected in traditional financial markets;
🔴 The yield on 30-year US Treasury bonds has reached 5.7% for the first time since 2002; Many at the Bank of Japan are wary of an interest rate hike in October—monitoring.
