#法国推进加密自托管申报提案
France advances a proposal to require declarations for crypto self-custody. BTCUSDT closed down 1.22% this week, ranking 128th in a 200-week sample, with 72 weeks performing worse. These figures suggest that expectations of tighter regulation did not push BTC futures into a deeper weekly decline. However, BTC closed lower on 4 of the 8 days this week, with volatility concentrated on October 7, October 8, and October 12. For BTC futures traders, the key thing to watch is not the proposal’s headline, but whether they can accurately account for position size and funding costs as prices move back and forth between 81711 USDT and 83723.1 USDT.
What happened this week? On October 7, BTC opened at 85507.6 USDT and closed at 83281.9 USDT, down 2.6%—the biggest daily drop of the week. It continued lower on October 8, closing at 81711 USDT, down 1.89%, and setting the weekly low. Then, from October 9 to October 11, it closed higher for three consecutive days. On October 12, it fell another 2.28% to close at 81813.4 USDT, erasing almost all of the previous three days’ gains. The price neither fell below 81711 USDT nor broke above 85507.6 USDT during the week, remaining within a range bounded on both sides.
Popular posts on the Square argued that France’s move to advance a proposal requiring declarations for crypto self-custody could heighten expectations of tighter regulation, but BTC futures prices did not enter a one-way decline. Instead, they repeatedly moved back and forth between 81711 USDT and 83723.1 USDT (paraphrased; does not represent this site’s views). Other posts cautioned that regulatory news can be interpreted differently during Asian and European/U.S. trading hours, and that short-term traders should watch for gaps and changes in funding rates (paraphrased; does not represent this site’s views). My view is that self-custody declarations affect the holding and reporting processes, not the rules for futures trading, so the daily price action looks more like a sentiment-driven fluctuation than a trend reversal.
To be frank, high leverage can turn a 1.22% weekly decline into a much bigger number in your account. BTC closed lower on 4 of the 8 days this week, and if you bet the wrong way, leverage won’t leave you much time to react. Being the best week is a conclusion drawn in hindsight. This week ranked 128th, with 72 weeks performing worse—a position that is neither the worst nor anything to get excited about. #FranceAdvancesCryptoSelfCustodyDeclarationProposal
France advances a proposal to require declarations for crypto self-custody. BTCUSDT closed down 1.22% this week, ranking 128th in a 200-week sample, with 72 weeks performing worse. These figures suggest that expectations of tighter regulation did not push BTC futures into a deeper weekly decline. However, BTC closed lower on 4 of the 8 days this week, with volatility concentrated on October 7, October 8, and October 12. For BTC futures traders, the key thing to watch is not the proposal’s headline, but whether they can accurately account for position size and funding costs as prices move back and forth between 81711 USDT and 83723.1 USDT.
What happened this week? On October 7, BTC opened at 85507.6 USDT and closed at 83281.9 USDT, down 2.6%—the biggest daily drop of the week. It continued lower on October 8, closing at 81711 USDT, down 1.89%, and setting the weekly low. Then, from October 9 to October 11, it closed higher for three consecutive days. On October 12, it fell another 2.28% to close at 81813.4 USDT, erasing almost all of the previous three days’ gains. The price neither fell below 81711 USDT nor broke above 85507.6 USDT during the week, remaining within a range bounded on both sides.
Popular posts on the Square argued that France’s move to advance a proposal requiring declarations for crypto self-custody could heighten expectations of tighter regulation, but BTC futures prices did not enter a one-way decline. Instead, they repeatedly moved back and forth between 81711 USDT and 83723.1 USDT (paraphrased; does not represent this site’s views). Other posts cautioned that regulatory news can be interpreted differently during Asian and European/U.S. trading hours, and that short-term traders should watch for gaps and changes in funding rates (paraphrased; does not represent this site’s views). My view is that self-custody declarations affect the holding and reporting processes, not the rules for futures trading, so the daily price action looks more like a sentiment-driven fluctuation than a trend reversal.
To be frank, high leverage can turn a 1.22% weekly decline into a much bigger number in your account. BTC closed lower on 4 of the 8 days this week, and if you bet the wrong way, leverage won’t leave you much time to react. Being the best week is a conclusion drawn in hindsight. This week ranked 128th, with 72 weeks performing worse—a position that is neither the worst nor anything to get excited about. #FranceAdvancesCryptoSelfCustodyDeclarationProposal