Bitcoin futures funding rates have recently turned negative, indicating increased demand for long positions. Traders are now paying those betting on Bitcoin's price rise, signaling potential bullish sentiment.
Forwarded from Crypto Galaxy Market Watch (CGMW) (orbitant)
MicroStrategy has acquired 6,556 $BTC for $555.8M at ~$84,785 each, bringing its total holdings to 538,200 $BTC worth $36.47B at an average price of $67,766.
Forwarded from Crypto Galaxy Market Watch (CGMW) (orbitant)
*BESSENT SEES DE-ESCALATION WITH CHINA, SITUATION UNSUSTAINABLE
QCP Asia Colour - 22 April 25
Not everything that glitters is gold - some of it runs on blockchain.
Gold extended its scorching rally overnight, breaking decisively above $3,500 an ounce. The move underscores a broader flight from U.S. equities, Treasuries and the dollar, as concerns around Federal Reserve independence escalate. Market jitters have intensified amid Trump’s sustained calls for rate cuts, alongside speculation that he may be exploring legal avenues to remove Fed Chair Jerome Powell.
Digital or not, gold is winning. Bitcoin punched to its highest levels since early April, buoyed by strong spot demand during U.S. trading hours. Spot volumes eclipsed perpetuals, with the largest Coinbase premium in months and $381.3 million in BTC spot ETF inflows, both signaling resurgent institutional interest.
Bitcoin’s resilience in the overnight session adds weight to the decoupling narrative. As capital rotates into safe-haven and inflation-hedging assets, BTC and gold are proving to be key beneficiaries of the exodus from USD risk. The BTC options market is now flashing persistent call skew across all tenors.
Meanwhile, stress fractures are beginning to show in U.S. credit. According to Bloomberg, the cost of insuring high-grade credit against default climbed to a one-week high, highlighting investor unease. With the Trump-Fed standoff set to escalate, markets may need to brace for further volatility.
For now, gold and Bitcoin are standing tall, shimmering with the weight of a market in search of safety.
Not everything that glitters is gold - some of it runs on blockchain.
Gold extended its scorching rally overnight, breaking decisively above $3,500 an ounce. The move underscores a broader flight from U.S. equities, Treasuries and the dollar, as concerns around Federal Reserve independence escalate. Market jitters have intensified amid Trump’s sustained calls for rate cuts, alongside speculation that he may be exploring legal avenues to remove Fed Chair Jerome Powell.
Digital or not, gold is winning. Bitcoin punched to its highest levels since early April, buoyed by strong spot demand during U.S. trading hours. Spot volumes eclipsed perpetuals, with the largest Coinbase premium in months and $381.3 million in BTC spot ETF inflows, both signaling resurgent institutional interest.
Bitcoin’s resilience in the overnight session adds weight to the decoupling narrative. As capital rotates into safe-haven and inflation-hedging assets, BTC and gold are proving to be key beneficiaries of the exodus from USD risk. The BTC options market is now flashing persistent call skew across all tenors.
Meanwhile, stress fractures are beginning to show in U.S. credit. According to Bloomberg, the cost of insuring high-grade credit against default climbed to a one-week high, highlighting investor unease. With the Trump-Fed standoff set to escalate, markets may need to brace for further volatility.
For now, gold and Bitcoin are standing tall, shimmering with the weight of a market in search of safety.
₿ Bitcoin and Cryptocurrency Outlook
• Bitcoin’s Resilience: Hayes posits that Bitcoin will benefit from the anticipated increase in fiat liquidity, positioning it as a hedge against traditional financial instability. He notes that Bitcoin’s price could rise significantly, potentially reaching new all-time highs.
• Altcoin Season (AltSzn): Following Bitcoin’s surge, a rotation into altcoins is expected. Hayes emphasizes that projects with real-world utility and revenue-generating capabilities, especially those sharing profits with token holders, will outperform.
https://cryptohayes.substack.com/p/ski-cut
• Bitcoin’s Resilience: Hayes posits that Bitcoin will benefit from the anticipated increase in fiat liquidity, positioning it as a hedge against traditional financial instability. He notes that Bitcoin’s price could rise significantly, potentially reaching new all-time highs.
• Altcoin Season (AltSzn): Following Bitcoin’s surge, a rotation into altcoins is expected. Hayes emphasizes that projects with real-world utility and revenue-generating capabilities, especially those sharing profits with token holders, will outperform.
https://cryptohayes.substack.com/p/ski-cut
Substack
Ski Cut
The Hokkaido ski season ended for me in mid-March this year. However, lessons from the mountain can still be applied to President Trump’s Tariff Tantrum. Every day is different, and there are so many variables that interact – one never knows which snowflake…