BTC $81,060.30 +1.72%
ETH $2,363.55 +2.21%
BNB $746.07 +1.19%
XRP $1.34 +3.16%
SOL $102.11 +1.91%
TRX $0.3306 +0.59%
DOGE $0.0799 +3.11%
ADA $0.2078 +1.86%
BCH $296.14 +5.61%
LINK $11.76 +3.88%
HYPE $81.29 +4.62%
AAVE $135.60 +1.80%
SUI $0.9417 +3.89%
XLM $0.1723 +2.43%
ZEC $1,320.00 +7.80%
AAPL $346.79 +0.90%
AMZN $254.77 +2.14%
GOOGL $326.63 +2.41%
MSFT $530.64 -0.26%
META $622.04 -1.87%
NVDA $218.58 +1.02%
TSLA $408.12 +3.85%
SNDK $1,357.39 +6.98%
INTC $95.20 +4.88%
SPCX $150.04 +1.59%
MU $963.06 +5.17%
AMD $569.15 +7.01%
BTC $81,060.30 +1.72%
ETH $2,363.55 +2.21%
BNB $746.07 +1.19%
XRP $1.34 +3.16%
SOL $102.11 +1.91%
TRX $0.3306 +0.59%
DOGE $0.0799 +3.11%
ADA $0.2078 +1.86%
BCH $296.14 +5.61%
LINK $11.76 +3.88%
HYPE $81.29 +4.62%
AAVE $135.60 +1.80%
SUI $0.9417 +3.89%
XLM $0.1723 +2.43%
ZEC $1,320.00 +7.80%
AAPL $346.79 +0.90%
AMZN $254.77 +2.14%
GOOGL $326.63 +2.41%
MSFT $530.64 -0.26%
META $622.04 -1.87%
NVDA $218.58 +1.02%
TSLA $408.12 +3.85%
SNDK $1,357.39 +6.98%
INTC $95.20 +4.88%
SPCX $150.04 +1.59%
MU $963.06 +5.17%
AMD $569.15 +7.01%

etf

An ETF, or Exchange-Traded Fund, is an investment fund that is traded on a stock exchange, designed to track the performance of a specific index, commodity, bond, or a basket of assets. ETFs combine the characteristics of stocks and mutual funds, offering a diversified portfolio and liquidity. Cryptocurrency ETFs focus on tracking the price performance of crypto assets, providing investors with a way to participate in the market without directly holding cryptocurrencies. Their advantages include reducing investment risk and simplifying the trading process.
All
Article
Flash

Famous trader: Bitcoin is at a local bottom, with a target still at $94,000

Renowned trader Doctor Profit stated that he has completed long positions in Bitcoin within the range of $80,000 to $81,000, with an average entry price of $80,400, and his target remains at $94,000. He continues to hold Bitcoin spot with an average cost between $60,000 and $64,000, believing that the range of $80,000 to $81,000, extending down to $79,000, represents an accumulation zone and a local bottom.Doctor Profit mentioned that the demand for spot in this area is stronger, and long positions are gradually being established, while most retail sentiment is bearish. Regarding institutional holdings, he stated that the average buy-in cost for Bitcoin reserves is about $80,200, and the average buy-in cost for reserves and U.S. spot ETFs is roughly between $80,000 and $81,500. He also noted that as of October 20, spot buy orders around $80,000 on Binance have been re-accumulated, with the profit-taking speed reduced to about half of the peak in September.He assesses that recent selling pressure mainly comes from retail investors, futures shorts, and some short-term holders, while medium to long-term holders who bought in the range of $60,000 to $70,000 still tend to hold their positions. Technically, he hopes Bitcoin can regain the 50-day exponential moving average and close above it on a daily basis, but he stated that even if this is not achieved temporarily, it does not change his judgment on the local bottom. He also reminded to pay attention to the Federal Reserve's interest rate decision on October 28.

Wintermute: Bitcoin has fallen for the third consecutive week, with $80,000 becoming a key support level

Market maker Wintermute stated that Bitcoin fell 2.43% last week, marking its third consecutive week of losses, dropping below the support level of $82,500 and testing the $80,000 mark again. Macroeconomically, rising energy prices and inflation concerns are replacing AI financing issues as the main risks in the market. Bitcoin's recent movements are highly correlated with the Nasdaq and AI-related stocks, and ETF fund flows have begun to fluctuate in both directions.Wintermute indicated that the Federal Reserve's interest rate decision and policy statements will be important short-term catalysts. If it fails to hold above $80,000, the next key support level is $76,000; if it effectively breaks below this, the price may further explore the $70,000 range. In the short term, it needs to regain the $82,000 to $82,500 range to have a chance of restoring an upward trend. If the Federal Reserve leans hawkish, the market may reassess the expectations for a rate hike in December, raising investment yields and increasing downward pressure on Bitcoin; if it leaves room for a December decision, it may create conditions for a rebound.The institution stated that before the Federal Reserve's decision and the release of the U.S. third-quarter GDP and September PCE, market directional confidence is insufficient, and caution will be maintained. If the Federal Reserve leans dovish but the PCE is higher than expected, the market may sell off tech stocks due to inflation pressure, dragging down Bitcoin. Wintermute emphasized that it is not clearly bearish at the moment, but remains cautious until Bitcoin regains the $82,500 level.
app_icon
ChainCatcher Building the Web3 world with innovations.