The rebound from Wednesday night from Bitcoin at $ 144,700 was fleeting as an indicator of the feeling of the long -term market turned to Learish for the first time since June 2023. Doge, XRP and Sol gave their example, while Ether quoted more resistantly.
Even so, the Coendesk 20 index increased approximately 0.7% by a 24 -hour base at the time of publication, while the Coindesk 80 index won 0.4%.
The analysts said that, however, they remained optimistic about the long -term perspectives of BTC.
“Donald Trump’s approval of cryptographic assets included in 401 (k) S adds additional structural support, although this will take time to feel in the market,” said Jag Kooner, head of Bitfinex derivatives. “The net effect is that over time, this will change the flows of the speculative allocation to the pension style strategic, embeding the deepest cryptography in the US capital markets.”
Derivative positioning
- The growth in the open interest of the future BTC and ETH stagnated at levels greater than 700k BTC and 14.2 million ETH, which is consistent with the trade without direction in the spot prices before the start of the conspiracy of the central bankers in Jackson Hole.
- The open interest in link futures remains close to records, with the price of Token increasing to almost $ 27 on Wednesday, the most important since January. Another 10 main tokens, excluding BNB, saw an open interest in the last 24 hours.
- Hype leads cryptographic specialties with annualized financing rates greater than 25%. That shows that merchants seek more and more bullish exposure in the Token.
- In CME, the recovery in the BTC futures observed on Wednesday has stagnated, with the three -month premium by backing to almost 7%. Meanwhile, Ether Futures OI continues to grow and is approaching 2 million Eth Mark. These divergent tendencies point to a growing institutional preference for the ether on Bitcoin.
- In Delibit, 180 -day Bitcoin options were submerged at -0.42, indicating the greatest demand for sales or low insurance options, since June 2023. ETH options of longest date continued to show a bias for calls.
- The flows on the OTC network paradigm presented the demand of BTC financed by the sale of calls and mixed activities in the ether options market.
- The implicit volatility indices of seven days of Volmex for Bitcoin and Ether have remained stable at around 36% and 70%, respectively, indicating that the market does not anticipate a significant volatility peak of the Jackson Hole event.
Token talk
- Yzy moneyA memecoin of Solana linked to Ye (previously Kanye West), debuted on Thursday with an increase in the price of 6,800% before falling for less than $ 1, indicative of the speculative rotation around the celebrity sheets.
- Token’s announcement in YE’s X account caused speculation of a trick before publishing a video that seemed to confirm the launch. The questions remain if the clip was generated by AI.
- The token structure reflects the Trump currency: 70% of the supply assigned to Ye, 10% to liquidity, 20% for sale. The experts said that he was initially demanded 80% before accepting 70%.
- The wallet data shows a clear advanced access. Wallet 6MNWV8 spent 450,611 USDC at $ 0.35, then sold part of its participation for $ 1.39 million to obtain a $ 1.5 million gain when price gains are included in the rest. Another whale bought a value of $ 2.28 million and is at $ 6 million in profits.
- The liquidity was sowed only with a single side with Yzy, allowing developers or large holders to withdraw the value at will, a critical design compared to the controversial fibra file in Argentina.
- Retail buyers absorbed losses: a wallet lost almost $ 500,000 within two hours after buying at $ 1.56 and leaving $ 1.06. The episode highlights how privileged information assignments and liquidity tricks expose fans and merchants, even when Hye briefly drove the token market cover to $ 3 billion.
- Hole challenged Layerzero’s $ 110 million offers for Stargate With plans for a higher counterofferte, asking the community to delay their government vote for five days to complete due diligence and ensure that tokens holders evaluate both proposals in fair terms.
- The appeal of Stargate is on a scale: $ 4 billion processed in July, $ 345 million blocked and a treasure with $ 92 million in stablcoins and ether plus $ 55 million in STG and other assets.
- Layerzero’s proposal would transfer the treasure and future income to himself, what critics say that Stargate and tokens holders.
- Wormhole argues that STG holders “deserve a more competitive process” and position their offer as a greater long -term value.
- A fusion would merge the unified Stargate liquidity pools with Wormhole’s integrations into dozens of blockchains, creating one of the largest cross chain centers.
- The Wormhole Foundation states that such a combination “would unlock an unrealized value” and boost the immediate and lasting benefits for tokens holders STG and Wormhole.
