The market may be facing a dangerous liquidity mismatch as futures open interest outpaces trading volume by a significant margin.
Market volatility and strategic repositioning in crypto ETFs highlight the dynamic nature of institutional investment strategies and sentiment. Bitcoin ETFs see $390M in outflows as Ethereum ETFs snap five-week inflow streak.
Bitcoin is struggling for momentum around US$63,000 as setbacks for cryptocurrency regulation in Washington and renewed outflows from US spot Bitcoin exchange-traded funds weigh on market sentiment. The world's largest cryptocurrency was trading at about US$63,044 on August 17, having traded between roughly US$62,670 and US$63,310 during the session.
The June 30 filing puts $4.118 million of Bitcoin at the center of an unresolved going-concern problem.
Jeff Booth, founding partner at Ego Death Capital and a director at Core Scientific, was once deeply skeptical of Bitcoin. The longtime technology entrepreneur, who co-founded BuildDirect in 1999 and authored The Price of Tomorrow in 2020, initially questioned whether Bitcoin could remain decentralized and secure against governments or other powerful attackers.
Gold has climbed 32% over the past year while Bitcoin has fallen 46%, challenging the idea that BTC would be the preferred scarce asset during a period of mounting government debt concerns. Global government bond yields have returned to levels Bitcoin has never experienced.
Its June 30 snapshot showed $19.1 million cash and about 662 unencumbered BTC against the upcoming principal.
Could the extended negative Coinbase Premium be a sign of ongoing selling pressure from American traders?
Strategy CEO Phong Le expects regulatory action, expanding bank participation, and digital financial products to bring more activity to subdued bitcoin markets, while political and economic developments could add further momentum during the fall.
Anyone swapping bitcoin for USDT or another stablecoin usually pays no tax in Austria yet. When the swap does become taxable after all.
Bitcoin developer Peter Todd's proposal to give miners a permanent stream of new bitcoin has triggered a fresh backlash from users who see the 21 million supply limit as the asset's most important promise. The fuse was lit when Bitcoin++ posted Todd's July 23 Toronto talk, “Tail Emissions and Demurrage,” on Aug. 14.
I don't think Bitcoin is ever going to go back below $60,000. I think forever “I think the base case for Bitcoin is basically that you get higher lows, and you do have these run-ups that happen roughly every four years.