1. Today, the Fear and Greed Index rose to 59, changing from neutral to greedy. 2. Reflexivity Founder: Bitcoin breakthrough

JIN10
2024.09.25 02:45
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Today, the Fear and Greed Index rose to 59, turning greedy. Bitcoin needs to break through $65,000 to confirm a bull market. $5.8 billion in BTC and $1.9 billion in ETH options will expire on Friday. BlackRock referred to Bitcoin as a "safe-haven asset," with analysts predicting a breakthrough in Q4. SEC commissioners criticized the SEC's legal stance on cryptocurrencies. BlackRock purchased 354,173 BTC in January, and Binance's total trading volume surpassed $1 trillion. Bitcoin's market dominance is declining, while the altcoin market is bullish

  1. Today, the Fear and Greed Index rose to 59, changing from neutral to greedy.

  2. Reflexivity founder: Bitcoin needs to break through the $65,000 level to confirm the continuation of the bull market.

  3. Nominal values of approximately $5.8 billion in BTC options and $1.896 billion in ETH options will expire and settle on Friday.

  4. Head of BlackRock's cryptocurrency business: Bitcoin is now a "safe-haven asset."

  5. Analyst: Bitcoin is expected to break out in Q4, driven by institutional demand and innovation pushing up cryptocurrencies.

  6. Analysis: Large-scale transfers of BTC occurred during the period from September 18 to 24 across multiple holding periods.

  7. CryptoQuant: The "profitable supply" level of Bitcoin indicates the potential for further upside.

  8. 10x Research: After the rate cut, there has been a clear shift in market trends, with traders accumulating altcoins such as TAO, ENA, SEI, APT.

  9. SEC Commissioner Hester Peirce: The U.S. SEC has taken legally inaccurate views on cryptocurrencies.

  10. BlackRock has purchased 354,173 BTC since January this year, worth approximately $22.5 billion.

  11. Binance CEO: Binance's historical trading volume surpassed $1 trillion in early September.

  12. Decrease in Bitcoin market dominance and a bullish outlook on the altcoin market structure have led traders to predict the upcoming "altseason."

  13. QCP: Global loose policies provide short-term support for asset prices, with ETH's implied volatility 9% higher than BTC.

  14. Analysis: The largest outflow of funds from the U.S. Ethereum ETF since July indicates lower institutional attractiveness

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