Author: Ethan Carter

Main Points:Increased Bitcoin put option premiums indicate cautious sentiment among traders.US job openings near five-year lows, raising concerns about recession and economic slowdown risks.$518 million was invested in Bitcoin ETFs on Monday, while public companies keep accumulating, tightening supply.Despite Bitcoin (BTC) pro traders’ recent gains to $114,000, unease remains regarding downside risks, as derivatives markets reveal heightened fear. Traders are likely evaluating whether these metrics denote widespread economic worries or fears specific to the cryptocurrency sector.Bitcoin options 30-day skew (put-call). Source: Laevitas.chThe Bitcoin skew metric hit 5% on Tuesday but reverted to 8%, indicating a higher premium for put (sell)…

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Essential Insights: Increased premiums for Bitcoin put options indicate a cautious sentiment among traders. US job openings are nearing five-year lows, heightening concerns over recession and potential economic slowdown risks. On Monday, $518 million was invested in Bitcoin ETFs, while public firms continue to stockpile, reducing available supply. Despite Bitcoin (BTC) reaching $114,000 recently, professional traders are still wary of downside risks, with derivatives markets exhibiting heightened fear. Many traders are likely pondering whether these signals reflect general worries about global economic trends or issues unique to the cryptocurrency sector. 30-day Bitcoin options skew (put-call). Source: Laevitas.ch The Bitcoin skew…

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Blockchain oracle provider Chainlink has unveiled one of the initial products from a collaboration with UBS Asset Management and Swift, the global financial messaging network, aimed at enabling banks to initiate on-chain transactions using their current infrastructure.A Tuesday announcement disclosed that Chainlink has integrated its execution layer, the Chainlink Runtime Environment (CRE), with Swift messaging. This integration allows banks globally to leverage existing SWIFT infrastructure to connect with blockchains. This integration is an extension of Project Guardian, a 2024 pilot by Chainlink, the Monetary Authority of Singapore (MAS), and UBS Tokenize, the tokenization unit of UBS Asset Management. The pilot…

Essential Insights:If Ether reaches $4,350, over $1 billion in short (bearish) positions could be at risk of liquidation.BitMine Immersion has increased its holdings to $10.6 billion, aiming to acquire 5% of the total Ether supply.Ether ETFs attracted $547 million in inflows, highlighting institutional interest amid a drop in onchain activity.On Tuesday, Ether (ETH) struggled to maintain its position above $4,200, despite strong demand for spot Ethereum exchange-traded funds (ETFs) the previous day. Weak onchain metrics likely impacted investor sentiment, but companies are still increasing their ETH reserves as part of long-term plans.Traders are now contemplating whether ETH can recover to…

Bitcoin is closing in on the final day of the quarter, caught in a tight technical and macro landscape, with traders focusing intently on several key levels that may determine October’s trajectory. Ostium Research’s outlook for the week ahead suggests we’re experiencing a diminishing “window of weakness” before a potential Q4 upswing, contingent on the market navigating an event-laden calendar while maintaining critical support levels. As Nik Patel notes, “weekly momentum still favors higher prices, and I believe we are beginning to emerge from the window of weakness I highlighted starting Friday, September 20th.” Crucial Bitcoin Levels Indicate a Promising…