▪️ Continues a significant outflow of money from Bitcoin ETF: $3,270,000,000 over 7 trading days
▪️ Deribit: Probability of Bitcoin recovering to $90,000 by the end of March – 23.4% based on options market data
▪️ Analysts at Standard Chartered expect Bitcoin to correct to $69,000-$76,500 by Monday (TheBlock)
▪️ On the forecasting platform Kalshi, bets are rapidly increasing that BTC will drop to $58,000
▪️ Possible drop to
$ETH to $1,890, where more than 1,820,000 ETH ($38.8B) was bought and a key support level is located
▪️ Decision on Fidelity's application to launch Ethereum ETF options postponed
▪️ On March 17, futures on the Chicago Mercantile Exchange (CME) for SOL will be launched. It should be noted that each such launch preceded a 30% dump or the beginning of a bear market
Statistics are far from rosy:
[1] December 2017. Launch of futures on CME for $BTC.
• Result: market crash (beginning of the bear market).
[2] End of 2021. Launch of futures on CME for
$ETH .
• Result: market crash (beginning of the bear market).
[3] September 2022. CME Group launched options in
$ETH • Result: market crash.
100% execution.
[4] March 2025. Launch of futures on CME for $SOL.
#CryptoAdoption #BTC #sentiment