Although Bitcoin He has bounced from the beginning of the European day, has still risen less than 1% in the last 24 hours. By the end of August in a moving distance, the largest cryptocurrency seems to close the month in red, as it has done during the last three years.
Even so, that is the best August performance since 2021, and there are signs in the options market that the profits can arrive before the end of the month.
Bitcoin and Ether options worth more than $ 14.6 billion will expire on Friday with the “maximum pain” level at $ 116,000. Max Pain is the exercise price in which the greatest number of options expires without value, generally causing the greatest financial pain to the owners of options and the greatest benefit for options sellers. That is above the current price, so sellers have an incentive to push higher BTC towards that level to minimize their costs.
The Coendesk 20 index, a broader market measure, has added 3.2% in the last 24 hours and Coindesk 80, which covers a large strip of smaller tokens, increased 4%.
In the long term, the 200 -day mobile Bitcoin has just crossed over $ 100,000. BTC has been quoting above 200 days since the end of April, which underlines the strength of its long -term upward trend.
The 200 -day mobile average is an indicator of long -term trend that softens the price action for approximately six months, which helps investors to distinguish between the conditions of the upward and bassist market.
Derivative positioning
- Bitcoin Open Interest (I heard) In the best derivative places have begun to slide, what is in line with the action of the descending price in recent days, which implies that merchants are actively out of their leveraged positions.
- BTC OI is now $ 30.3 billion, just a maximum of all time at $ 32.6 billion, according to veil data. The three-month annualized base continues to increase, and is currently 8%- 9% in all exchanges, which implies that base trade remains profitable.
- In the options, the implicit volatility curve of inclination up of Bitcoin suggests that the market expects long -term volatility to be higher than in the short term, while other metrics point to a more immediate bearish perspective.
- Specifically, the recent movement of the 25 Delta biased in negative territory for short -term maturities indicates a clear change in the feeling of the market, and merchants pay a premium for calls to obtain downward protection.
- The bearish feeling is confirmed by the volume of fucking/calls of 24 hours, which shows a significant bias towards puts, other sign operators are actively charging or speculating in a price decrease.
- The APR financing rate in the main places of perpetual exchange is beginning to recover in about 8% -10% annualized, according to veil data.
- BTC the annualized financing in Binance became negative (-0.39%) For a short period today before recovering to about 10%. This indicates that although there may have been bags of bearish feeling, the general trend of the market is beginning to be more supportive for the operators willing to pay a premium to bet on a price increase.
- Coinglase data show $ 266 million in 24 -hour liquidations, biased 58% for shorts. Eth ($ 99 million)BTC ($ 47 million) and sun ($ 20 million) They were the leaders in terms of notional liquidations. The Binance liquidation heat map indicates $ 111,593 as a central liquidation level to monitor in case of a price increase.
Token talk
- Cronos Challenged the Basist Cryptographic Feeling on Tuesday, gathering more than 56% after Crypto.com and Trump Media (DJT) He said they planned to create a CRO Treasury company of $ 6.4 billion.
- Cryptographic Treasury ads have been produced almost daily during the past month as companies begin to adopt and adapt the pioneer approach to Michael Saylor’s strategy (Mstr).
- Even so, the price action often does not coincide with what could be perceived as an upward event. When Verb Technology Co. (VERB) announced a private placement of $ 558 million to establish a toncoin Treasure, ton almost immediately fell around 10%.
- This Cro Agreement is different. First, it is linked to Trump Media, a company linked to President Donald Trump, but secondly, and possibly the most important thing, gives a case of use to the Token of Cronos that was previously used predominantly as an exchange token for Crypto.com.
- The agreement includes the creation of a new rewards system in Truth Social that will allow users to convert the “gems” of the Cro tokens platform, with additional plans to allow subscription payments and discount services using CRO.
- Bloomberg said the CEO of Crypto.com, Kris Marszalek, donated $ 1 million to Trump’s inaugural committee and also visited Trump’s Mar-A-Lago House after the electoral victory.
- Cro currently trades at $ 0.225 despite having dropped to $ 0.141 last week, the news lifted the 24 -hour negotiation volume at 1,300% to more than $ 1 billion, since it became an atypical market, while Bitcoin and Ether languished critical levels of support.
