An $80 million leveraged position includes a Bitcoin short and a long bet on oil prices, though the trader has a history of large losses.
S&P 500 News
- Market Update2389
- News
F2Pool co-founder Wang Chun’s decision to sell a Thai condo once bought for 2,900 BTC for just 7 BTC illustrates the opportunity cost of spending Bitcoin early.
1045 - Price Analysis
Bitcoin and altcoins sold off as the Monday US market open reflected traders’ fear over oil prices, US employment data and the future of the US and Israel-Iran war.
1734 - Price Analysis
Bitcoin price slumped on Friday as uncertainty over the US economy and war in Iran negatively impacted stock and crypto markets.
4018 - Market Analysis
Bitcoin bulls face an uphill battle to turn the March options expiry in their favor, requiring a 6% price rally to $75,000 before Friday.
4781 - Market Analysis
Falling tech stock prices and rising bond yields have forced a rush for cash, preventing Bitcoin from gaining any bullish momentum.
4285 - Market Analysis
Rising inflation concerns weigh on Bitcoin’s breakout as traders refuse to take on bullish positions, despite Monday’s 4% price bounce.
4477 - Market Analysis
Bitcoin’s 20-week rolling correlation with the S&P 500 has turned positive, a signal that has historically preceded major BTC price declines.
5392 - Market Analysis
Bitcoin ETF outflows are too small to signal a bearish pivot from traders, but worsening US macroeconomic conditions and high oil prices keep BTC traders on the hedge.
4512 - News
The new derivative allows eligible non-US users to trade leveraged exposure to the index around the clock using official data on a decentralized platform.
2888 - Market Analysis
Author and personal finance educator Robert Kiyosaki says Bitcoin is going to $750,000, but there's a catch.
4455 - Price Analysis
Bitcoin opened the week by rallying straight into a key resistance level. If it holds, BTC and altcoins could embark on the next leg of the crypto bull market.
5724 - Market Analysis
Bitcoin showed strength throughout the week, but BTC’s correlation with tech stocks and its reactive spot ETF flows suggest the bear market isn’t over yet.
7607 - News
Binance Research says US midterms could set up a rebound for Bitcoin and stocks, though oil shocks and Middle East tensions may weigh near term.
2672 - Market Analysis
Historical data shows that Bitcoin typically gains 20% within a month of major spikes in oil prices. Should traders prepare for a rally to $79,000?
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