On Wednesday at the end of Wednesday of Bitcoin at $ 144,700 was ephemeral while a long -term market feeling gauge has overturned the lowering for the first time since June 2023. DOGE, XRP and SOL have followed suit, while Ether has exchanged more resolute.
However, the Coindesk 20 index increased approximately 0.7% on a 24 -hour basis at the time of the press while the Coindesk 80 index won 0.4%.
Analysts declared that they were nevertheless optimistic about the long -term prospects of the BTC.
“Donald Trump approval of cryptographic assets included in 401 (K) is added another structural support, although it takes time to be felt on the market,” said Jag Kooner, head of Bitfinex derivatives. “The net effect is that over time, it will pass from speculative flows to a strategic pension style allowance, integrating the crypto more deeply in the American capital markets.”
Positioning of derivatives
- The growth of interests open to the term BTC and ETH is at downturn at levels above 700K BTC and 14.2 million ETH, which complies with the exchange without direction in price before the start of the CONFAB of Central Bankers in Jackson Hole.
- The interest opened in the long -term liaison contracts remains close to the record heights, the price of the token going to almost $ 27 on Wednesday, the most since January. Other top 10, excluding BNB, have seen open interest drop in the last 24 hours.
- The beaten media leads cryptographic majors with annualized financing rates exceeding 25%. This shows that traders are looking for more and more an upward exhibition in the token.
- On the CME, the resumption of term contracts on the BTC was noted on Wednesday, the three -month bonus amounting to almost 7%. Meanwhile, Ether Futures OI continues to grow and approaches the 2 million ethmark bar. These divergent tendencies underline an increasing institutional preference for ether compared to bitcoin.
- In drunkenness, the Bitcoin 180 -day Bitcoin options on the Bitcoin plan fell to -0.42, indicating the highest demand for down options, or downward insurance since June 2023. The long -term ETH options have continued to display a bias for calls.
- The circuits on the paradigm of the OTC network presented the request for BTC funded by the sale of calls and mixed activity on the Ether options market.
- The implicit volatility indices of seven days of Volmex for Bitcoin and Ether remained stable at around 36% and 70%, respectively, indicating that the market does not provide a significant peak of volatility of the Jackson Hole event.
Talk about tokens
- Yzy moneyA Solana Memecoin attached to Ye (formerly Kanye West), made his debut Thursday with an increase of 6,800% prices before slipping less than $ 1, indicating the speculative unsubscribe around the celebrity tokens.
- The announcement of the token on Ye’s X account triggered the speculation of a hacking before publishing a video that it seemed to confirm the launch. Questions remain if the clip has been generated by AI.
- The tokens structure reflects the Trump part: 70% of the offer allocated to you, 10% to liquidity, 20% for sale. The initiates said that Ye initially requested 80% before accepting 70%.
- Portfolio data shows clear early access. The 6MNWV8 portfolio spent USDC 450,611 at $ 0.35, later selling part of its detention for $ 1.39 million to collect a profit of $ 1.5 million when the price gains on the rest are included. Another whale bought a value of $ 2.28 million and is $ 6 million in winnings.
- Liquidity has been sown in one side with only Yzy, allowing developers or major holders to withdraw value at will – a critic design compared to the controversial balance token in Argentina.
- Retail buyers absorbed the losses: a portfolio lost almost $ 500,000 within two hours after purchased at $ 1.56 and leaving $ 1.06. The episode underlines how insidated allowances and liquidity gadgets exhibit fans and merchants, even if the media threshing has briefly led the token market capitalization to $ 3 billion.
- Worm hole contested Layerzero’s $ 110 million offer for Stargate With plans for a higher counter-offer, asking the community to delay its governance vote for five days to complete the reasonable diligence and ensure that tokens holders assess the two proposals to fair terms.
- Stargate’s call lies in the scale: $ 4 billion treated in July, $ 345 million locked and a treasure with $ 92 million in stablescoins and ether more $ 55 million in STG and other assets.
- Layerzero’s proposal would transfer the Treasury and future income to itself, which, according to criticism, undervalue holders of Stargate token and Shortchanges.
- Wormhole maintains that STG holders “deserve a more competitive process” and positions its offer as offering greater long -term value.
- A merger would merge the unified Stargate liquidity pools with the integrations of Wormhole through dozens of blockchains, creating one of the largest transversal chain centers.
- The Wormhole Foundation claims that such a combination “would unlock an unpaid value” and would lead immediate and lasting advantages for holders of Stg and Wormhole tokens.
