Author: boss

Bitcoin Slides as Coinbase Bitcoin Premium Index Signals Reduced Institutional Accumulation

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Key Takeaways The index dropped to -0.085% on May 22, its monthly low, per Coinglass. Data shows institutional selling on Coinbase has intensified as macro uncertainty is driving hedging. Bitcoin traded at $74,500 at publication, down over 4% for the week, with $1.3B in ETF outflows adding further pressure. What the Data Shows The Coinbase bitcoin premium, an index measuring the price difference between bitcoin traded on Coinbase (used predominantly by U.S. institutional investors) and bitcoin traded on Binance (the largest global retail exchange), hit -0.085% on May 22, marking…

SEC Greenlights Nasdaq’s Cash-Settled Bitcoin Index Options, CFTC Approval Is the Final Hurdle

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Key Takeaways SEC approved Nasdaq to list bitcoin index options on Phlx under ticker QBTC. Cash-settled QBTC contracts eliminate custody and assignment risks, broadening institutional bitcoin access. Trading cannot begin until the CFTC grants exemptive relief, as bitcoin is classified as a U.S. commodity. What Cash-Settled Means And Why It Matters The Securities and Exchange Commission (SEC) approved Nasdaq’s application to list European-style, cash-settled bitcoin index options on the Philadelphia Stock Exchange (Phlx), adding another regulated instrument to the growing ecosystem of U.S. bitcoin derivatives. The contracts will trade under…

Historical Performance Says Bitcoin Price Will Not Bottom Until It Touches This Level

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Crypto analyst Chain Mind has indicated that the Bitcoin price has yet to bottom. He alluded to historical performance, which shows that BTC has never bottomed without touching the EMA 300.  Bitcoin Price Unlikely To Bottom Before Touching This Level In an X post, Chain Mind indicated that the Bitcoin price is unlikely to bottom out without first touching the EMA300. He noted that BTC has never bottomed without touching this level, as it did in 2020 and 2022, when it tagged the weekly EMA300 right before the cycle low.…

ECB Rejects Euro Stablecoin Push, Warning of Risks to Banks and Monetary Policy

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The European Central Bank warned EU finance ministers on Friday that proposals to expand euro stablecoin issuance could weaken bank lending and complicate monetary policy, according to three sources cited by Reuters. The pushback came in response to a policy paper prepared by Brussels-based think tank Bruegel, whose authors presented their proposals at the two-day informal meeting of the Economic and Financial Affairs Council in Nicosia, Cyprus. The paper called for easing liquidity requirements for stablecoin issuers and potentially granting them access to ECB funding, arguing that these measures were…

Bitcoin ETF outflows hit $1.26B Santiment buy signal

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Bitcoin ETF outflows reached $1.26 billion over six sessions, but Santiment says the streak signals a buying opportunity. Summary US spot Bitcoin (BTC) ETFs recorded net outflows in each of the six trading sessions from May 15 through May 22, totalling $1.26 billion across 11 funds. Santiment says ETF flows reflect retail investor sentiment rather than institutional positioning, calling the outflow streak a contrarian accumulation signal. Bitcoin was trading at $75,410 when Santiment published its report, down from a May high of $79,052 reached on May 16. The 11 US-listed…

Michael Saylor says 2026 Bitcoin sale not unlikely

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Michael Saylor says a Strategy Bitcoin sale before year-end is ‘not unlikely’ in a Coin Stories podcast interview. Summary Saylor told Natalie Brunell it was “not unlikely” Strategy would sell some Bitcoin before year-end, softening his long-held never-sell position. He said any model relying solely on equity, credit, or Bitcoin sales underperforms, and that Strategy uses a mixed capital management approach. Strategy holds 818,334 BTC worth approximately $65 billion and aims to maximise Bitcoin per share over a seven-year horizon to 2033. Strategy executive chairman Michael Saylor told the Coin…

This Bitcoin Momentum Signal Preceded Last October’s Crash — Another Downturn Incoming?

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After a steep downturn in early February, the Bitcoin price saw a significant turnaround over the following two months. While the month of May initially continued on this positive note, the premier cryptocurrency seems to have cooled off over the past week — aligning with BTC’s track record of not registering three consecutive months of positive price action during a bear-market year. Interestingly, recent on-chain observations suggest that trouble might be brewing for the Bitcoin price, at least in the near term.  Could The Bears Take Over The Bitcoin Market…

Bitcoin liquidations hit $320M on SEC stock news

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Bitcoin liquidations surpassed $320 million in longs on May 22 after the SEC unexpectedly delayed its tokenized stock plan. Summary Crypto markets saw $320 million in long liquidations on May 22, with longs accounting for roughly $296 million of the total according to CoinGlass data. The SEC delayed a plan to grant broad exemptions for US crypto firms to trade tokenized assets linked to US stocks, Bloomberg reported on May 22. Bitcoin fell toward $76,000 following the news, extending a week of sustained selling pressure and a six-session Bitcoin ETF…

SEC Approves Nasdaq Bitcoin Index Options

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The Securities and Exchange Commission has approved Nasdaq’s proposal to list cash-settled Bitcoin index options on the Philadelphia Stock Exchange. The options are European-style contracts tied to the Nasdaq Bitcoin Index, a benchmark that tracks one one-hundredth of the CME CF Bitcoin Real Time Index, which updates with data from major cryptocurrency exchanges every 200 milliseconds. The approval was granted on an accelerated basis and published Friday on the SEC’s website. The new contracts are cash-settled, meaning holders receive the difference between the Bitcoin spot price and the strike price…

Bitcoin Forms Risky Head-And-Shoulders Pattern, Points To $44K Target

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…