Glassnode: Bitcoin Hits $86K as Options Leverage Rebuilds
Glassnode says Bitcoin reached $86,000 as long leverage rebuilt in the options market. See what the positioning shift may signal for BTC.
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Glassnode says Bitcoin reached $86,000 as long leverage rebuilt in the options market. See what the positioning shift may signal for BTC.
The liquidation event underscores crypto market volatility, potentially impacting investor confidence and regulatory developments' influence. 130,286 crypto positions liquidated as Bitcoin falls below $76K.
Cardano is expanding its payment infrastructure through Coinbase's x402 & participation in Mastercard's partner program.
Benjamin Cowen admitted his bearish Bitcoin outlook was wrong after BTC broke above $85,000. His previous cycle analysis assigned a 65% probability that Bitcoin's low was still ahead, with $53,000 identified as an important downside level.
Cardano officially joined the x402 SDK, the open HTTP payment standard originally driven by Coinbase and currently managed by the Linux Foundation.
This Monday, the price of the main crypto approached 86000 dollars, its highest level since the end of January. However, this recovery remains imperfect, as US spot demand has not yet shown strength comparable to that of the price.
Strategic alliance: Absa Corporate and Investment Banking (CIB) launched Absa Digital Asset Custody powered by Ripple's infrastructure and custody software. Institutional scale: Absa Group manages a total balance sheet exceeding 2.07 trillion South African rand (approximately $119.5 billion) in financial assets.
Ether broke above $2,700 this week after two wallets moved a combined $106 million into ETH within a short window, a scale of buying that is unusual enough to stand out against the network's typical daily transaction flow. Unlike a claim about institutional demand that has to be taken on a company's word, this kind of activity is checkable directly on Etherscan, Ethereum's own public block explorer, which records every transaction and wallet balance on the network.
Bitcoin climbed above $85,000 after 69,494 wallets disappeared from two smaller-holder balance groups during the July-August downturn. Santiment argues that the earlier capitulation reduced reactive supply before the latest rally. Smaller Bitcoin Wallet Groups Contract Before Breakout Smaller bitcoin holders appear to have reduced their exposure before the cryptocurrency recovered above $85,000.
Smaller Bitcoin holders reduced exposure during the July-August shakeout before Bitcoin reclaimed $80K and broke above $85K.
Bitcoin's trend reversal could spark renewed investor confidence, potentially driving significant capital inflows and market momentum. Bitcoin breaks one-year downtrend, analyst says bullish momentum returns.
Ethereum futures open interest on Binance has reached $6.58 billion, its highest level in more than nine months. The figure has risen 37% since late August as ETH moved back above $2,700. The increase adds about $1.78 billion in outstanding contracts, signaling renewed derivatives participation and stronger market activity around Ethereum's latest price breakout.
AUD/USD Price Forecast: Upside bias intact despite mixed momentum
Brian Armstrong, CEO of the exchange Coinbase, projected that Bitcoin could reach between $300,000 and $400,000 by the year 2030. Armstrong noted that Bitcoin's drop to $60,000 may have marked the bottom of the current cycle, following historical halving patterns.
NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) CEO Jensen Huang has publicly welcomed a potential $8 billion personal tax bill from California's proposed one-time billionaire wealth tax.