1. CryptoQuant: Bitcoin short-term holders are now panic selling, and key support levels are facing testing. 2. Bitcoin futures unpositioned squaring contract amount fell from $44.80 billion to $42.80 billion. 3. Bloomberg: The SEC plans to introduce "innovation exemption" for cryptocurrency companies by the end of the year. 4. There are currently more than 240,000 people around the world holding more than 1 million dollars worth of cryptoassets, an increase of 40% over last year. 5. Europe crac...
According to Glassnode data, the amount of unpositioned squaring contracts for bitcoin futures fell from $44.80 billion to $42.80 billion, a change that reflects a reduction in speculative exposure to the market.
Glassnode posted a chart showing that Friday's bitcoin option premium hit a record of about $226 million (of which about 69% were calls), showing that both long and short sides were repricing risk. By Monday, the premium had plummeted to about $18 million, with puts dominated by sells and calls essentially flat - protective demand weakened; the market tends to think it will enter a stabilization/volatility contraction phase.
The number of major bitcoin futures holders on the CME has reached an all-time high of 217, an increase of 36% from the beginning of the year, indicating a significant increase in institutional investor interest in bitcoin. Since the beginning of 2024, the number of large traders has continued to rise steadily, indicating that institutional allocations to bitcoin have become a consistent trend rather than an opportunistic trade.
Despite the $170 million margin clearing, Bitcoin buying in the spot and futures markets supported the upward momentum in BTC prices. Weak demand for stablecoins in China and limited use of leverage in futures suggest that Bitcoin's current rally is sustainable. Despite the surge in Japanese government bond yields and concerns about credit risk weighing on market sentiment for a while, bitcoin prices showed resilience at the $102,000 support level on May 19. Meanwhile, China's US...
According to on-chain analyst @ali_charts, 60.52% of bitcoin futures traders on the Binance platform are betting that the price of bitcoin will rise.
According to Coinglass data, the unpositioned squaring position of the bitcoin futures contract on the whole network is 621,070 BTC (about $60.30 billion). Among them, the unpositioned squaring position of the CME bitcoin contract is 174,200 BTC (about $16.90 billion), ranking first; the unpositioned squaring position of the Binance bitcoin contract is 111,470 BTC (about $10.83 billion), ranking second.
According to Coinglass data, the unpositioned squaring position of the bitcoin futures contract on the whole network is 613,710 BTC (about $59.67 billion). Among them, the unpositioned squaring position of the CME bitcoin contract is 167,070 BTC (about $16.23 billion), ranking first; Binance Bitcoin contract unpositioned squaring position 113,160 BTC (about $11 billion), ranked second.
According to Coinglass data, the CME platform Bitcoin futures unpositioned squaring contract fell by 4.79% in 24 hours, reporting 177,300 BTC ($18.097 billion).
According to Coinglass data, the unpositioned squaring position of the bitcoin futures contract on the whole network is 647,660 BTC (about $59.50 billion). Among them, the unpositioned squaring position of the CME bitcoin contract is 178,350 BTC (about $16.35 billion), ranking first; the unpositioned squaring position of the Binance bitcoin contract is 124,690 BTC (about $11.45 billion), ranking second.