Bitcoin has rebounded to nearly $66,000 from its June 30 low, but options traders are still paying high premiums for downside protection, and leveraged long positions are rebuilding. This creates a 'pre-capitulation trap' as the market awaits the Federal Reserve's policy meeting.
Bitcoin hovers around $60,300, facing a divided market. Retail investors are pulling funds, with $4.4 billion exiting US spot Bitcoin ETFs in June, while institutions remain on hold despite discounted valuations. Leverage unwinds orderly, but a price break below $58,800 could trigger further selling.
Silicon Data is partnering with CME Group to launch futures contracts for AI compute power, aiming to help companies hedge against fluctuating costs. Asset managers are already filing for ETFs tied to these contracts, signaling strong investor interest.
XRP faces a market split between traders betting on further decline and investors accumulating amid Ripple's expansion into institutional finance, with spot demand and ETF inflows countering derivatives short selling.
Bitcoin moves closer to $80,000 as data shows traders positioning in futures markets. Will potential profit-taking in the $83,000 to $88,000 range put a cap on the rally?
Bitcoin moves closer to $80,000 as data shows traders positioning in futures markets. Will potential profit-taking in the $83,000 to $88,000 range put a cap on the rally?
Bitcoin reached a monthly high of $79,472 on Wednesday, marking its strongest 28-day return since April 2025. The rally coincides with the Bitcoin positioning index rising to 4.5 from -10.9 in February, while open interest grew 14.5% over 30 days. The $81,000 level serves as the first test area, with $88,000-$91,000 identified as a key supply zone.
RAVE briefly crossed a $6.7 billion valuation on Apr. 18 before collapsing nearly 95% in hours. The market infrastructure surrounding the token, consisting of thin float, concentrated supply, and a live perpetual market, drove the scale of both the rally and the destruction. ZachXBT alleged that insiders controlled more than 90% of RAVE's supply, with […] The post How crypto futures markets are feeding ‘scam coin’ insider pump and dumps appeared first on CryptoSlate.
