SpeakWithHatOn

Recently, I was looking at Deribit's data and noticed that institutional investors and Bitcoin ETF holders are building up quite a defensive position. There are reports indicating an increase in movements anticipating a drop below $60,000.
Currently, BTC is around $74,000, but open interest in put options is clearly on the rise. In particular, volume is concentrated around the $60,000 strike. That suggests they are preparing for a potential decline from here. At the same time, there are also call purchases, so it seems like they are hedging while aiming for higher prices.
Treasury companies se

Saylor has moved again. I hear he's been buying an additional $168 million worth of Bitcoin just last week. MicroStrategy's ongoing buying strategy has probably become standard practice, gradually increasing in tranches.
With Bitcoin trading around 74K, if large players continue to buy at this pace, it suggests they see more upside potential. From a market psychology perspective, the actions of such major players are reassuring.
At this rate, how much more will Saylor's holdings grow? It feels like the presence of institutional investors is becoming increasingly stronger.

Over the weekend, Bitcoin dropped from $74,000 to around $68,000. As of Saturday morning, it was about a 3.4% decline. The price had been on an upward trend until midweek, but now selling pressure seems to be intensifying.
The dollar recording its largest weekly increase in a year is weighing heavily on risk assets overall. Tensions in the Middle East are driving up energy costs, reigniting inflation concerns, and there are expectations that the Fed will delay interest rate cuts. This combination creates the worst environment for cryptocurrencies. As long as the strength of the US dollar persi

The news of a ceasefire has caused Bitcoin prices to move again. Coming after Easter on Monday, and at the timing when Iran's 45-day ceasefire negotiations surfaced, it seems short positions were suddenly swept up. Bitcoin's price has regained the $69,000 level, reaching the highest point in the past week.
With traders returning, the liquidation of about $200 million in shorts was significant. Especially, the easing of concerns over ships passing through the Strait of Hormuz seemed to instantly shift the risk-off sentiment. Ethereum rose by 3.7% to $2,130, SOL reached $82, and XRP hit $1.34. T

Bitcoin continues its upward trend, but Wednesday's Fed meeting seems likely to be a major hurdle. Many in the market are expecting a dovish policy announcement, but the market could change significantly depending on what kind of decision is actually made.
Looking at recent Bitcoin movements, uncertainty regarding interest rates has been influencing price fluctuations. If a dovish signal is given, there will likely be increased buying pressure on risk assets, but conversely, if hawkish comments are made, a sharp decline could occur. The overall market sentiment may shift depending on the outco

There is a growing consensus among industry analysts that the Bitcoin market is approaching a bottom. In particular, when compared to gold, this possibility seems to be becoming more apparent.
Recent market analysis has focused on how Bitcoin is moving in relation to the traditional asset of gold. The idea is that by tracking this relationship, one can determine whether a market turning point is near.
Analysts point out that the current price levels are approaching historical resistance levels. The correlation with the gold market is also showing signs of change, which could serve as a bottomi

The issue of interoperability of tokenized securities has emerged as a serious challenge among market infrastructure firms. Several market infrastructure companies have issued warnings, indicating that the lack of interoperability increases costs and raises the risk of fragmented liquidity.
Currently, in the world of digital assets, seamless trading between different platforms is in high demand. However, many tokenized securities projects are progressing in silos, and the need for interoperability solutions like paper bridges has become rapidly recognized.
The concerns of market infrastructure

SpaceX faces an often-overlooked issue ahead of its IPO application: its Bitcoin holdings.
At first glance, this story seems simple. SpaceX manages 8,285 Bitcoins through Coinbase Prime, and its current valuation is about $545 million. As of December, it was $780 million, meaning it dropped by $235 million over three months—despite the fact that not a single Bitcoin has been moved.
But this is the crucial part. SpaceX is aiming to submit a confidential IPO application to the SEC as early as March and plans to list in June. With a market capitalization of more than $1.75 trillion, it expects to

Recently, there have been reports that BlackRock's private credit fund is facing significant issues. This is not just a problem for a single company but is being watched as a development that could ripple through the entire cryptocurrency market.
When private equity and private credit-related funds encounter management difficulties, there is a tendency for institutional investors to accelerate capital outflows. Since BlackRock is a global asset management giant, the scope of its influence is quite broad. In particular, it can directly impact institutional investors' attitudes toward investing

Seeing that $1.2 billion is flowing into Bitcoin ETFs, I realized this is quite a bullish signal. It seems that large-volume activity is also increasing on cryptocurrency exchanges.
The fact that institutional investors are buying Bitcoin through ETFs means that there is genuine spot demand. It's important that the number of long-term holders who are holding rather than short-term traders using leverage is increasing. A similar trend can be observed in the spot markets of cryptocurrency exchanges.
If this kind of inflow continues, it will help support the market's lower levels. It's different

Bitcoin has recovered more than 15% from last week's lows and is currently trading near $70k, but on a weekly basis, it still shows a decline of over 10%. What’s noteworthy here is that the movement of the premium index on major U.S.-based exchanges has turned around, beginning to signal an important market indicator.
The premium index, which was at -0.22% during the period of strongest selling pressure, has recovered to -0.05% by Tuesday. Although still in negative territory, this rebound suggests that U.S. investors are starting to buy the dip. However, it is important to note that the premi

It seems that the $40,000 put option for Bitcoin became the second-largest options bet as it approached expiration last month. When observing the market, an increase in such large put orders is a sign that traders are warning of a potential decline. A put, simply put, is a type of options trade that bets on the price going down. In other words, the fact that this $40,000 put is the second-largest indicates that a significant number of traders are positioning themselves with a bearish outlook. Looking at the entire options market, levels where large bets concentrate reflect the psychology of ma

Friend-finding apps for making new friends have been increasing recently. These are for people who want to make friends purely—not dating or romance. It seems there are all kinds of needs, such as people who want to broaden their circle of acquaintances as working adults, people searching for friends who share the same hobbies, women who want companions they can chat with casually with other women, and more. Apparently, some people start looking for friends in their 40s or 50s, too.
When you actually try them out, women-only friend-finding apps are fairly well developed. Favomatch is specializ

It has become clear that Bitcoin is being pulled down by selling pressure in the tech sector. According to data from ByteTree Research, the correlation coefficient between Bitcoin and the iShares Expanded Tech Software ETF (IGV) has risen to 0.73. In other words, Bitcoin is moving at nearly the same pace as software stocks.
Why is this happening? The reason is simple: concerns related to AI are directly impacting tech companies. Major software firms like Microsoft, Oracle, and Salesforce are being heavily sold off, and Bitcoin is declining along with them. While the Nasdaq 100 is only down abo

Bitcoin mining difficulty has surged to 144.4T, marking a 15% increase.
It is the largest difficulty adjustment since China's regulations in 2021.
The network's hash rate has recovered from last month's slump to 1 ZH/s, and the price has rebounded to around $67,000, but miners' profitability remains challenging.
Hash price is at its lowest in several years, staying around $23.9 per PH/s, putting pressure on profitability.
Nevertheless, large operators with access to low-cost energy continue mining.
For example, mining operations in the United Arab Emirates are carrying unrealized gai

Bitcoin is facing a five-month consecutive downtrend, marking its worst performance since 2018. Observing the market, it becomes clear that this is not just a simple price correction but a more fundamental imbalance is breaking down.
Looking at recent charts, BTC is clearly in a transition phase from an upward trend to a downward trend. This breakdown in equilibrium is likely the result of a combination of institutional investors adjusting their positions, changes in the macroeconomic environment, and worsening market sentiment.
Compared to the decline in 2018, there was a similar long-term im

A wallet group took a big gamble on the Solana-based meme coin "Fartcoin," but it completely failed on Wednesday. Long positions worth $145 million were forcibly liquidated, and traders suffered losses of about $30 million.
Fartcoin is a meme coin that was issued just last October on Pump.fun for 2 SOL. It has no intrinsic value and only emits a digital fart sound during each transaction, but it gained cult-like support and at its peak held futures positions exceeding $1 billion. It ranks in the top 100 by market capitalization and is among the top 10 in derivatives, showing its popularity.
Ov

I heard that Polymarket is upgrading its exchange. It seems that they will add their own trading features and a truth management system. I wonder if this will make large-volume voting and market participation more transparent.
It's good that the platform is putting effort into this, but you won't really know until you try it out. I'm curious about how the system for large-volume voting will change.
I think these kinds of upgrades are quite important. They directly impact user trust.

Back then, the TerraForm collapse actually had a more complex background. The news that Jane Street is facing allegations of insider trading has only recently come to light, but it’s been suggested that it may have accelerated the sharp drop in 2022.
The crypto market has long been criticized for transparency issues, but when major players are involved, the story is different, isn’t it? There are suspicions that, from their position of having insider information, they may have made moves that influenced the market.
According to a CoinDesk report, a fairly rigorous investigation is reportedly u

When trading cryptocurrencies, there are cases where your account suddenly gets frozen. Many users have experienced this firsthand, but there are actually several reasons behind it.
The first major reason is identity verification issues. If you haven't completed the KYC process or if there are deficiencies in the documents you submitted, the platform may take action to freeze your account. This is implemented across almost all platforms due to stricter regulatory requirements.
Next, suspicious activity is also a significant factor. Large transactions or frequent transfers that are deemed poten