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Bitcoin derivatives scream ‘caution’ despite a week of strong BTC ETF inflows

Despite significant inflows into Bitcoin exchange-traded funds (ETFs), the derivatives market shows a lack of confidence among traders. Bitcoin's price has struggled to regain upward momentum, hovering around $117,000 after peaking at $126,219. The 60-day futures annualized premium is just 7%, indicating limited demand for long positions despite a recent rally. Adding to market concerns, gold has surged to record highs, reflecting investor fears amidst US-China trade tensions which have prompted a sell-off in broader markets. The correlation between Bitcoin and the S&P 500 remains strong at 73%, indicating that sentiment in the crypto market is heavily influenced by trends in traditional equities. Furthermore, recent Bitcoin options data show increased caution among traders regarding potential downside risks. Even with impressive net inflows of $5 billion in October, macroeconomic risks persist, leaving traders hesitant and the market vulnerable to further price declines.

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DeFi News: sUSDe Loop Trades Worth $1B at Risk

The recent Bitcoin crash on October 10 has jeopardized nearly $1 billion in DeFi positions involving Ethena's staked USDe (sUSDe), according to a report from Sentora Research. Following the market downturn, yields on leveraged strategies such as the sUSDe loop trade have turned negative. This strategy typically involves

Asia Morning Briefing: BTC Holds Ground as Traders Sit on Stablecoins Before Fed Decision

In early Asia trading, Bitcoin steadied around $112,100, reflecting a slight 1.8% decrease over the past 24 hours but a notable 3.4% increase for the week. Traders are notably cautious ahead of the Federal Reserve's impending rate decision. Gold has dipped to a three-week low

OpenAI Reveals Over 1 Million ChatGPT Users Discuss Suicide Weekly

OpenAI disclosed that approximately 1.2 million out of 800 million weekly ChatGPT users engage in discussions about suicide. This accounts for about 0.15% of users, with nearly 400,000 expressing explicit suicidal intentions. An additional 560,000 users show signs of psychosis or mania, indicating a significant mental

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