Bitcoin derivative activity may need to recover to pre crash levels in two quarters
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Bybit Derivatives Operations Director Max Xu stated that the Bitcoin derivatives market lost $19 billion in open contracts during the October 10th crash and may take two quarters to recover (Decrypt).
[Federal Reserve Kashkari: Rate cuts should be paused in October, no strong inclination for a rate cut in December]
Federal Reserve Kashkari stated that economic resilience indicates rate cuts should be paused in October and noted that conditions have not changed since the October meeting. He expressed no strong inclination regarding a rate cut in December.
The Federal Reserve will hold a meeting on December 9-10, and possible policy adjustments may affect market risk appetite, driving down yields, rising stock and credit markets, and having a positive impact on cryptocurrencies. （Cointelegraph）
According to AiCoin's real-time on chain monitoring, from 04:11-04:12 (UTC+8) today, the "Calm Open King" once again placed multiple BTC orders, with a total of 8 BTC and a value of $800000.
As of press time, the value of its BTC multi position is as high as $22.07 million, with a floating loss of $530000.
Whale Address: 0x9263c1bd29aa87a118242f3fbbba4517037f8cc7a
According to AiCoin's real-time on chain monitoring, from 04:10-04:11 (UTC+8) today, the "Calm Open King" once again placed multiple SOL orders, with a total of 6489 SOL and a value of $921000.
As of press time, the value of its SOL multi position is as high as $19.03 million, with a floating loss of $1.46 million.
Whale Address: 0x9263c1bd29aa87a118242f3fbbba4517037f8cc7a