By James Van Stratotn (at all times and unless otherwise indicated)
It’s a new day, but the same story: is in difficulty and Try to contain the fork of $ 4,000. Cryptographic bulls can comfort themselves in the fact that it only remains one week in September, a historically lowering month, and what is generally the strongest quarter is to our doors.
The feeling in the industry remains moderate. The index for fear of crypto and greed is 45, which is neutral, but leaning slightly closer to fear than greed. Part of the reason is Bitcoin’s underperformance compared to traditional assets. In the past three months, Bitcoin has added 7%, while the S&P 500 won 9%and 12%gold.
For the future, $ 17 billion in Bitcoin options expire tomorrow, with a maximum price of pain (the level at which options would suffer the most financial loss) of $ 110,000. This is slightly lower than the current cash price of $ 112,000 and could provide a short -term gravitational traction. For the moment, Bitcoin should consolidate between $ 110,000 and $ 116,000 until October.
Meanwhile, the most notable action continues to be in artificial intelligence and high -performance computer stocks such as Iren (Iren). Bitcoin cash companies remain under pressure, however. Kindlymd (NAKA) is in difficulty at $ 1.17, just above its private investment in public equity prices (PIP), and Metaplanet (3350) fell 4% in Tokyo. The action has dropped by more than 70% of its record level, which leaves it to a value of 1.24 multiple to a value of net assets (MNAV). This drop highlights the compression of MNAVs on the wider market. Stay vigilant!
What to look at
- Crypto
- September 25, 8:00 a.m.: Plasma, a layer 1 blockchain designed for global payments of Stablecoin, starts its main beta and its native token, xpl.
- Macro
- September 25, 8:30 am: US August, sustainable garbage ordinances Mom Composite is. -0.5%, export is. 0%.
- September 25, 8:30 am: growth rate of the Q2 US Q2 (Final) qoq is. 3.3%.
- September 25, 8:30 am: Uuss noble initial complaint (W / E September 20) is. 235K, continuing (W / E September 13) is. 1930K.
- September 25, 8:30 am: US Q2 PCE PRICE (Final) Qoq title is. 2%; Core is. 2.5%.
- September 25, 10 am: US August sales of existing houses is. 3.98 m.
- September 25, 10 am: Fed vice-president of supervision Michelle Bowman speech on “supervision and regulation”.
- September 25, 1 p.m.: Fed governor Michael Barr speech on “banking stress tests”.
- September 25, 3 p.m.: Reference interest rate in Mexico East. 7.5%.
- Gains (estimates based on fact data)
Token events
- Governance votes and calls
- Unlocking
- September 25: To unlock 2.28% of its offer published worth $ 7.98 million.
- Token launches
- September 25: ASTER (ASTER) to register on BTSE.
- September 25: Plasma (XPL) to be registered on more than 10 exchanges, including Binance, OKX and Bitget.
- September 25: To register on the door us.
- September 25: Avantis (AVNT) to register on BTSE.
Conferences
Talk about tokens
by Francisco Rodrigues
- The price of the hyperliquid media threshing token is considerably underperforming the larger cryptography market, mainly due to the growing competition of the derivative exchange star based on the BNB chain and the tokens unlocks to come.
- ASTER, which is supported by Yzi Labs, has exceeded the hyperliquid in the volume of daily perpetual trading this week in an upheaval which sent shock waves via the trading ecosystem on the crypto chain.
- In just one week, Aster’s open administration rose 33,500%, from $ 3.7 million to $ 1.25 billion. Its 24 -hour negotiation volume reached $ 35.8 billion, more than double that of hyperliquidal, which recorded $ 10 billion according to Defilma data. Total locked value (TVL) on Aster also jumped, almost tripling $ 1.85 billion.
- The platform token, ASTER, added more than 344% during last week at $ 2, which gives it an entirely diluted evaluation of $ 15.9 billion. Hype slipped $ 43 from $ 58.4.
- The fall of hype coincides the anxiety of investors in the face of unlocking in token to come. At the end of November, 237 million media threshing worth more than $ 10 billion at current prices, will gradually become liquid over a period of two years.
Positioning of derivatives
- The open interest (OI) in the term contracts linked to many major tokens has decreased in the last 24 hours, Avx witnessing the strongest decline, almost 12%.
- However, overall positioning in BTC’s term contracts remains high, with a plan plan near the record heights. ETH OI increased to 14.45 million ETH, despite large liquidations on the decentralized exchange hyperliquid.
- The oi in the soil perpetuates labeled by USDT and Dollar on the main exchanges has gone slightly from 29 million soil to 30.28 million soil since Asian hours, because the cash price falls around $ 200. Some traders seem to be short-circuiting the decline.
- XRP, Sol, Hbar, TRX, Suis and XLM are distinguished as parts with negative financing rates, pointing out a bias for short hobby positions.
- On the CME, the downward trend of BTC Futures OI has resumed while OI in Ether Futures returned to record heights of 2.2 million ETH. The three -month annualized database of the ETH fell to 7%, going from 9.8% in weakening of bullish pressures.
- On Deribit, BTC and ETH put options continue to draw the premium in relation to calls, painting a down -to -date image. Some merchants have picked up the lower striking ether outside the money via the over -the -counter office paradigm.
Market movements
- BTC is down 1.71% from 4 p.m. He Wednesday at $ 111,622.87 (24 hours: -1.06%)
- ETH is down 3.38% to $ 4,026.82 (24 hours: -3.47%)
- Coindesk 20 is down 3.52% to 3,923.42 (24 hours: -2.57%)
- The CESR ether composite rate rate increased by 5 BPS to 2.9%
- The BTC financing rate is 0.0022% (2,3586% annualized) on binance
- Dxy is unchanged at 97.84
- Gold’s term contracts increased by 0.39% to $ 3,782.80
- Silver term contracts increased by 1.95% to $ 45.06
- Nikkei 225 closed up 0.27% to 45,754.93
- Hang Seng closed 0.13% to 26,484.68
- FTSE is down 0.14% to 9,237.23
- Euro Stoxx 50 is down 0.25% to 5,450.72
- Djia closed on Wednesday dropped by 0.37% to 46,121.28 on Wednesday
- S&P 500 closed 0.28% to 6,637.97
- The Nasdaq composite closed the decrease of 0.33% to 22,497.86
- The composite S&P / TSX closed the drop from 0.20% to 29,756.95
- S&P 40 Latin America closed 0.55% to 2,941.02
- The 5 -year -old Treasury rate is down 0.8 bps to 4.139%
- E-Mini S&P 500 The future are unchanged at 6,691.25
- The term contracts on the NASDAQ-100 E-Mini are down 0.16% to 24,699.00
- The average industrial index E-Mini Dow Jones is unchanged at 46,471.00
Bitcoin statistics
- BTC dominance: 58.92% (+ 0.45%)
- Ether-Bitcoin ratio: 0.03612 (-1.47%)
- Hashrate (Mobile average at seven days): 1,095 huh / s
- Hashprice (spot): $ 49.79
- Total costs: 2.88 BTC / $ 325,474
- CME Futures open interest: 136 940 BTC
- BTC Gold Price: 29.8 OZ.
- BTC vs Gold Market Capt: 8.44%
Technical analysis
- Look towards the south, after abandoning a priced fork narrowed at the beginning of this week.
- The price has entered fibonacci retracement support of 23.6%, with single sloping mobiles down 5 and 10 days indicating a lower bias.
- The objective is now going to $ 3,591, the Fibonacci retracement level of 38.2%.
Cryptographic actions
- Coinbase Global (corner): closed Wednesday at $ 321.77 (+ 0.53%), -1.37% at $ 317.37
- Internet circle (CRCL): closed at $ 131.58 (+ 0.47%), -0.3% at $ 131.18
- Galaxy Digital (GLXY): closed at $ 34.29 (+ 3.47%), -0.85% at $ 34
- Bullish (BLSH): closed at $ 67.59 (-2.73%), -1.97% at $ 66.26
- Mara Holdings (Mara): closed at $ 17.64 (-0.4%), -0.68% at $ 17.52
- Riot Platforms (Riot): closed at $ 17.99 (+ 5.39%), -0.89% at $ 17.83
- Core Scientific (CORZ): closed at $ 17.01 (+ 0.06%), -0.82% at $ 16.87
- Cleanspark (CLSK): closed at $ 14.45 (+ 3.88%), -1.59% to $ 14.22
- Coinshares Valkyrie Bitcoin Miners Etf (WGMI): closed at $ 45 ( + 4.9%), + 1.71% at $ 45.77
- Exodus movement (Exodus): closed at $ 32 ( + 12.08%), + 2.84% at $ 32.91
Cryptographic cash flow companies
- Strategy (MSTR): closed at $ 323.31 (-1.36%), -0.87% at $ 320.50
- Semler Scientific (SMLR): closed at $ 31.62 (-3.18%), + 0.57% at $ 31.80
- Sharplink Gaming (SBET): closed at $ 17.58 (+ 3.35%), -3.24% at $ 17.01
- Upexi (Upxi): closed at $ 6.16 (-0.16%), -3.57% to $ 5.94
- Lite strategy (beds): closed at $ 2.7 (+ 2.66%)
ETF Flows
BTC ETF spot
- Daily net flows: $ 241 million
- Cumulative net flows: $ 57.45 billion
- Total BTC Holdings ~ 1.32 million
ETH ETFF SPOT
- Daily net flows: – $ 79.4 million
- Cumulative net flows: $ 13.64 billion
- Total of Eth Holdings ~ 6.6 million
Source: Wacky investors
While you slept
- Ether fell to $ 4,000, BTC, XRP slipped like the government of the risk of closing of the US government (Coindesk): Polymarket traders have chances the closure of the federal government at 77%. The federal agencies write unpaid leave plans while the congress faces a deadline of September 30 to successfully finance Stopgap.
- Stablecoin Issueer Circle examines the “reversible” transactions in the departure of the crypto (Financial Times): Circle explores a layer of counter-payments for its Blockchain Arc to authorize reimbursements and developed a confidentiality functionality to hide the transaction amounts, although it has not yet been published.
- Nine European banks join forces to issue Mica compliant with the Stablecoin Euro (Coindesk): ING, Unicredit, ink Bank, Caixabank, Seb, KBC, Banca Sella, Dekabank and Raiffeisen to launch a stable euro regulated by the Mica in the second semester of American domination.
- Australia seeks to bring Crypto in the context of financial services with a new bill (Coindesk): the bill would oblige cryptographic platforms to hold financial service licenses by virtue of the Australian securities commission and investments, with an open consultation until October 24.
- The eyes of the White House New Mass mass cycle if the government stops (the New York Times): a white house memo ordered federal agencies to plan content and layoffs targeting jobs considered as politically ill -aligned tensions, degenerating tensions before the financing deadline of September 30.
