Research · 3882

Galaxy Research: BTC reclaims 50-week EMA or marks the end of the bear market

On Twitter, according to an article by Galaxy Research (@glxyresearch), Bitcoin's 50-week moving average (currently around $82,000) is receiving a lot of attention from the market. Historical data shows that of the 6 completed bear markets, BTC has recovered the 50-week EMA on 13 occasions. Of these, 11 successfully marked the establishment of a bearish low, with a failure rate of only about 15%. In contrast, the 50-day EMA is noisy. Of the 6 bear markets, 43 of the 106 recoveries ended in failure, and the first 50-day EMA rebound of each bear market ended in failure. Galaxy Research notes that if BTC stabilizes at the 50-week EMA this week with a weekly closing price, historical experience indicates that the current bear market is likely to be over.

22h ago

Standard Chartered: Bitcoin may hit $12.6 million by the end of the year, and the previous target of $10 million was too conservative

Comparing news, Geoff Kendrick, global head of digital asset research at Standard Chartered Bank, said that the forecast for Bitcoin to reach $100,000 by the end of the year may be too conservative, and the market is likely to challenge the historic high of $126,000 again before the end of the year. Geoff Kendrick said on Friday that the recent rise in Bitcoin was mainly driven by short liquidations, while cash inflows into spot Bitcoin ETFs have also begun to recover. Due to the low size of open positions in the current market, more investors may re-enter the market as prices rise, providing further impetus to the market. “For the first time this year, there was a risk that my year-end $100,000 forecast might be underestimated.” Kendrick said. Geoff Kendrick believes that Bitcoin's rebound momentum may accelerate further after October 6. Meanwhile, many market participants also believe that the bear market may be nearing its end. Swan Bitcoin CEO Cory Klippsten (Cory Klippsten) previously stated that Bitcoin may bottom out in October; 10x Research founder Markus Thielen (Markus Thielen) believes that if August closes at $63,000, it may confirm the formation of a bear market bottom. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

1d agoburnking

Micron Announces $100 Million Investment to Set Up Research Laboratories

Comparing news, the CEO of Micron Technology announced the establishment of Micron Research Labs (Micron Research Labs), which plans to invest 10 billion US dollars, and the investment cycle is decades long. The lab will bring together customers, suppliers, academia, government, and the broader semiconductor ecosystem to break through existing technology roadmaps and explore future possibilities. Micron said the move reflects a long-term commitment to early innovation. The company's team has accumulated more than 6.2 million patents. Micron Research Laboratories will join Micron's investment portfolio of more than $250 billion in the US manufacturing industry, and is expected to create more than 90,000 US jobs, covering fabs, engineers, technicians, apprentices, suppliers, and communities. Micron emphasized that current decisions will determine who can lead the AI economy in the future. America's AI future will be built on memories made in the US, and these memories are produced by Micron.

1d ago

The US CFTC's two co-founders against FTX: Ellison and Wang have both been banned from trading for 5 years and have not sought refunds or civil fines

Comparatively, the US Commodity Futures Trading Commission (CFTC) recently disclosed that the US District Court for the Southern District of New York has issued supplementary consent orders against former Alameda Research CEO Caroline Ellison and Gary Wang, co-founder of Alameda and FTX to formally resolve the CFTC's enforcement case against the two. According to the court order, both Ellison and Wang are required to continue to cooperate with the CFTC investigation. Ellison was given a 5-year trading ban and a 10-year registration ban, and Wang was given a 5-year trading ban and an 8-year registration ban. The relevant ban period is calculated from the effective date of the initial consent order that the two previously signed on December 23, 2022. In 2022, the court found Ellison involved and was responsible for two cases of fraud alleged by the CFTC, and also found Wang responsible for one fraud charge and permanently banned the two from violating the Commodity Exchange Act and CFTC's relevant anti-fraud regulations. Notably, the CFTC is not seeking additional recovery, return of illegal proceeds, or civil fines against Ellison and Wang at this time. CFTC law enforcement said the decision was based in part on significant cooperation between the two in the investigation and related litigation, including pleading guilty in a federal criminal case and assisting in the investigation of FTX-related matters. CFTC law enforcement chief David I. Miller said that Ellison and Wang committed fraud as Alameda and FTX senior executives and were found responsible by the court, but the final penalty reflected the important assistance they provided to the CFTC investigation. Furthermore, in related criminal cases, both have pleaded guilty to multiple crimes, including conspiring to commit commodity fraud, and are jointly liable for a forfeiture order of approximately $11.02 billion. This consent order means that the CFTC's relevant enforcement actions against Ellison and Wang have officially come to an end.

1d ago

Check Point Research: Nearly 2,000 hacked WordPress websites are being used to spread malware and deploy ransomware

Comparing news, cybersecurity company Check Point Research found that the StopAndProtect ransomware operation used nearly 2,000 hacked WordPress sites to spread malware, steal data, monitor victims, and deploy ransomware. The operation was discovered in mid-May. As of July 24, the operation had invaded more than 6000 unique IP addresses, of which 1,852 were in the US and 630 each in Russia and India. Hacked websites are also used to host malware, send instructions, and store stolen files, screenshots, and activity logs. Attackers use fake CAPTCHAs to trick Windows users into running PowerShell commands, thereby stealing credentials and cryptocurrency wallet mnemonics, and spreading through networks and USB devices. The researchers collected more than 31,000 screenshots and over 700 data packages, and believed that the attackers might have mistakenly infected themselves.

2d ago
Bitcoin's rebound may just be a blood sacrifice for bears after bursting $1.1 billion overnight

Bitcoin's rebound may just be a blood sacrifice for bears after bursting $1.1 billion overnight

Author: Shenchao TechFlow Original title: BTC's largest single-day short liquidation in history: $1.1 billion of short funds evaporated overnight, but shouting back is too early for every escape from death, requiring empty sacrifices. Bitcoin's intraday volume skyrocketed last night, once approaching the $70,000 mark. While the investment community is full of buoyancy, what you might not know is that last night was the largest single-day short liquidation in crypto history. The network's single-day bears rallied over 1.1 billion US dollars, breaking historical records in a fractured manner. The $1.1 billion bears were tightened overnight, breaking the crypto history record. On the night of August 19, BTC started around $64,000 and rose about 7% in an hour, reaching an intraday high of $69,970, just one step away from the 70,000 mark. This is the highest price since early June and the biggest one-day increase since March. The sharp rise was accompanied by blood washing in the contract market. According to public contract data, the entire network closed out about US$1,345 million in the past 24 hours, involving 105,000 traders, of which short orders were about US$1,191 million, and the long ones were only 153 million. In the most intense hour, the entire network sold out $1,194 million, with bears accounting for 93.5%. By currency type, Bitcoin contract bears were liquidated by about $662 million in 24 hours, while Ethereum bears were about $366 million. Leveraged positions that bet on falling were uprooted almost at the same time. Several whale positions on Hyperliquid totaling nearly $200 million (large highly leveraged companies) have also been completely liquidated. The liquidation itself will speed up the market. A strong bearish position means being forced to buy back up. The higher the price, the more explosive the higher the higher the higher the higher the higher the higher the higher the higher the price, forming a self-reinforcing feedback loop. At the same time, judging from multiple data sources, this is the largest Bitcoin shorting settlement in a single day. The White House summit was only the trigger; the catalyst came from the bond market attributing the surge to the combined benefits of the two. One is the message side. On August 19, Trump met with crypto industry executives such as Coinbase, Kraken's parent company Payward, and Blockchain.com at the White House, and the market's optimism about the shift in regulation heats up. The other one is lower level. On the same day, the US Treasury Department announced a direct doubling of the liquidity support for long-term treasury bond repurchases, raising the upper limit of a single operation from 2 billion US dollars to at least 4 billion US dollars, effective September 9. In the crypto community's view, this is a more tangible sign than the summit: macro liquidity is loosening in the direction of risky assets. The data also confirms institutional buying. U.S. spot Bitcoin ETFs had a net inflow of $297.6 million on Monday and another $189 million on Tuesday; funding rates have risen to a 20-month high. The bulls are crowded, and the bears are even more crowded. Once the price starts, a strong pedal will automatically be relayed. The last big bear liquidation dates back to 5.19, and old chives must remember “5.19” in May 2021: China clearly prohibited financial institutions and payment institutions from carrying out virtual currency-related business. Amidst the panic, Bitcoin hit more than 40,000 US dollars to around 30,000 US dollars in one day, and the entire network closed out about 7 billion US dollars in 24 hours, setting a historical record at the time. The 5.19 collapse liquidated bulls, and about $7.56 billion in long leveraged positions were instantly washed away. However, over the next few days, in the midst of panic, a large number of traders frantically leveraged at the bottom to chase the sky. As a result, there was an extremely violent retaliatory backlash. According to K33 Research quoting Coinglass data, short positions of approximately $757 million in a single day were instantly washed away, making it the largest day for BTC perpetual short settlements in history. And that record was broken just yesterday. After the liquidation of top bears, the market is often polished for a few weeks, and the liquidation of top bears is often a sign that the mid-term phased bottom has been completely consolidated. Positions are cleared after deleveraging, and macro-liquidity is transferred to encryption, and it takes weeks of cold washing and energy in the middle. Will this time be the same? Bitcoin is currently around $69,200, and the 24-hour increase narrowed to 7.6% (as of the morning of August 20). Sentiment indicators are still hesitating: the fear and greed index is 46, which is still in the fear zone; the probability that Bitcoin will reach 70,000 this month on the Polymarket has jumped to about 70% from before the surge. Axel Rudolph, IG's chief technical analyst, observes: Bitcoin is moving towards $70,000, driven by bears' recovery, indicating that buyers are...

2d agoburnking#Bitcoin

RootData establishes strategic partnership with Tiger Research

Comparatively, Web3 asset data platform RootData has established a strategic partnership with Tiger Research, Korea's leading crypto research institution. According to the agreement, Tiger Research will fully adopt the API data interface provided by RootData to provide underlying data support for various industry research reports, market insights and project analysis. As a comprehensive data platform, RootData has a large number of indicators such as project fundamentals, financing history, team background, and popularity index. This collaboration will enable Tiger Research's research team to efficiently obtain structured, highly reliable data sets, significantly improve research efficiency and data breadth, and produce more timely and in-depth analytical results. At the same time, RootData's data partner network has also been further expanded, marking the verification of the application value of its data services in professional research scenarios. At present, RootData has accumulated more than 220 data partners, making it one of the key structured data providers in the cryptographic industry.

2d ago

10x Research: Continuing to be bullish on Bitcoin, Circle's self-purchase points rose more than 31%

Comparing news, 10x Research's latest report indicates that after several months of narrow fluctuations, Bitcoin has already broken through the market. It indicates this month's most popular strategy to buy a call option (Call) with an execution price of $70,000. The option had a low of around $300 on August 5, dropped to $30 three days ago, then soared to $1,600, and is currently trading at around $1,300. 10x Research also said that a better trading strategy is a bullish spread (Call Spread) with an execution price of $70,000/$80,000, which expires in September. This structure is more bullish, while retaining some flexibility. Additionally, Circle was one of 10x Research's best deals this month. Previously, it was recommended to buy on dips when Circle fell to around $60 to $61, but now its stock price has risen to $80, an increase of more than 31%. On the gold side, the previously predicted breakthrough was also realized, and the price rose from $4,100 to $4571, an increase of about 11%. It believes that the US debt is about to break through $40 trillion is one of the core drivers of the current macroeconomic judgment. Relevant market concerns may continue to drive gold and may further support Bitcoin's rise.

2d ago