Live Feed

Bitcoin Futures Traders Refuse to Capitulate Even as BTC Price Drops to $89K

Bitcoin has fallen to $89,000, raising questions about whether futures traders are abandoning ship. Despite this dip, the Bitcoin derivatives market shows stability, suggesting that traders might expect a price reversal. The 30-day futures premium remains close to 4%, a level indicating traders are not overly distressed despite the price correction, which resulted in $144 million in liquidations from leveraged bullish positions. The perpetual futures funding rate is also near normal levels, pointing to a cautious stance among traders but no panic. ETF outflows and weakness in the tech sector are affecting market sentiment, with over $2.26 billion exiting Bitcoin ETFs recently. Additionally, the broader market faces challenges as major tech stocks decline and economic concerns rise. Analysts indicate that for Bitcoin to reclaim $95,000, improvements in macroeconomic conditions are crucial. Overall, while caution prevails, there are no signs of extreme bearish sentiment among futures traders.

Source 🔗

NASA Insists Interstellar Visitor Is ‘Just a Comet’ as Public Speculation Lingers

NASA officials confirmed that the interstellar object known as 3I Atlas is behaving like a typical comet, despite public speculation suggesting it could be an alien spacecraft. The agency held a press conference, asserting that the data collected showed no indications of anything unusual. The object was first detected on

Nvidia’s Record Q3 Earnings Lifts Crypto, Tech Stocks

Nvidia reported record quarterly revenues of $57 billion for Q3, a 62% increase from the previous year, surpassing Wall Street's expectations of $54.7 billion. Profits rose by 65% to $31.9 billion, and the company provided a strong Q4 guidance of $65 billion, bolstering confidence in the

BlackRock Forms New Trust Amid Early Uptake of Staking-Focused Ethereum ETFs

BlackRock, the largest asset manager globally, registered a new Delaware statutory trust known as the iShares Staked Ethereum Trust ETF. This registration is an early procedural step and does not indicate an imminent SEC filing. The recent launch of staking-enabled Ethereum ETFs, such as the REX Osprey ETH + Staking ETF,

Read next