Price

Long-term Bitcoin holders are using covered call options to generate yield, creating hidden selling pressure that counteracts ETF inflows and explains Bitcoin’s recent underperformance.

Solana is facing significant pressure as liquidity dries up, raising the risk of a sharp price decline. Hundreds of millions in leveraged positions are threatened, though the launch of new ETFs offers a glimmer of long-term hope.

Bitcoin’s price surged from $91k to $94k without clear news, leading several analysts to accuse large players like Wintermute of coordinated market manipulation to trigger liquidations.

As Bitcoin trades between $84,000 and $92,000, some traders bet on a crash to $20,000 (€17,000) via put options, while others eye a rally to $200,000. Derivatives data shows extreme positions, but hedging and cheap options may drive the bets. Currently, BTC shows low volatility at around $92,700.

K33 Research suggests that despite recent corrections and market fear, December may mark a turning point for Bitcoin’s price, with short-term positive developments outweighing long-term risks.

Bitcoin’s recent correction, driven by selling pressure from long-term holders, appears to have bottomed out after a 36% decline. With selling pressure easing, the market shows signs of maturing and may be poised for recovery.

Bitcoin has been rising for two weeks and reclaimed the $90,000 level, but Bitfinex analysts warn of weakening demand and the risk of a price drop, with 5 to 7 million bitcoin currently in loss.

Ethereum’s supply on exchanges has hit an all-time low, dropping below 9% of circulating supply, leading analysts to forecast potential price increases despite recent market declines.

Chainlink’s LINK token saw a significant price increase following the launch of Grayscale’s new spot ETF, which provides investors with regulated exposure to the cryptocurrency. The fund attracted millions in inflows on its first day, signaling growing institutional interest in infrastructure tokens.

Cardano (ADA) sees a double-digit percentage rise today, recovering from recent losses, but analysts remain cautious about the sustainability of the rally.