Market makers rebuild BTC basis trades as funding rebounds and on-chain shorts swell
CME bitcoin futures open interest rose to about 122,000 BTC as CryptoQuant flagged a rare hedge-fund net-long flip.
CME bitcoin futures open interest rose to about 122,000 BTC as CryptoQuant flagged a rare hedge-fund net-long flip.
The bank tied any expansion beyond Bitcoin to Sept. 1’s regulated-crypto framework as its CFO questioned digital ruble demand.
A 9.6% one-day drop in Open Interest puts $222 as the breakdown trigger and $188 as the next downside reference.
The call lands as Treasury doubles long-end bond buybacks to $4B per operation starting Sept. 9.
Total category assets fell to $97.6B after briefly topping $100B as BTC traded below $78,000.
Traders are treating $83.3K as the pivot where spot support must replace leverage to sustain upside.
The thesis leans on Bitcoin’s reported 25% August gain and an un-sourced claim of the biggest Bitcoin ETF inflows since Oct. 2025.
The proposal targets roughly 3 TPS throughput but flags “a security proof is TODO” and wallet-side fund-loss risks.
Bitdeer’s 16-year Anthropic agreement points to a dual-purpose model that may not unwind quickly even if bitcoin rebounds.
The structure keeps BTC in custody on Coinbase Prime and allows liquidation only after 60 days of payment delinquency.
Flop Labs is reviewing an October airdrop of about 20% of supply, with tokenomics and eligibility still being adjusted.
Relayer founder Austin Barack will serve as CIO as the firm targets undervalued tokens and crypto-related equities.
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Analysts say thin historical volume from $80K–$90K could speed the next move if $83K breaks and holds.
The same weekly packet framed Bitcoin’s move around $69,000 as macro-led, but also cited ~$77,000–$78,000 in an editor’s note.
The firm said it is 97% of the way to its 5% ETH-supply target as Ether reclaimed $2,500.
Chen said Bitcoin’s ~$79,000 rally looks fragile to her, even as she allows for a $20,000 higher year-end print.
The 50-day moving average has crossed above the 200-day, but prior ETH/BTC crossovers have whipsawed traders.
BTC traded at $77,559 after briefly topping $79,000, with $2.61B in BTC/ETH ETF inflows and a Sept. 15 CLARITY vote ahead.
A 2025 experiment found that showing Bitcoin’s past 12-month return lifted both desired allocations and later purchases.