$2.4 billion worth of BTC and ETH options expire today
23,000 BTC options are about to expire with a Put Call Ratio of 0.49 and a maximum pain point of $61,000 USD, with a nominal value of $1.4 billion USD. Additionally, 330,000 ETH options are about to expire with a Put Call Ratio of 0.36 and a maximum pain point of $3,000 USD, with a nominal value of $1 billion USD.
David Marcus: If Bitcoin can keep up with the speed of AI, it will become the native currency of AI
David Marcus, former president of PayPal and current CEO of Lightspark, shared his insights on the integration of artificial intelligence and Bitcoin during the Microstrategy World 2024 event in Las Vegas. He believes that Bitcoin can eliminate the inherent inefficiency and friction of legal currency and predicts that AI agents will adopt this digital native medium for value exchange.
Cointime MAY 1 News Express
1.Celsius Network destroys 94% of total supply of CEL, worth over $89 million2.USDC Treasury destroyed more than 200 million USDC3.Pike was suspected of being hacked and lost 479 ETH4.Fantom launches $6.5 million development fund, betting on safer memecoins5.Yesterday, the U.S. spot Bitcoin ETF had a net outflow of $162 million6.The balance of Binance Bitcoin wallet increased by 6249.36 in the past 24 hours, and 15565.89 inflows in the past 7 days7.In April, NFT sales on the Bitcoin chain exceeded US$685 million, setting the third highest monthly record in history8.On-chain content distribution agreement Metale Protocol completes additional $2 million in seed round financing9.A whale deposited 1,140 MKR into Coinbase, losing about $1.1 million10.The Bitcoin stablecoin project, bitSmiley, goes live with its Alphanet V1, marking its debut deployment on the Bitcoin Layer 2 network, Bitlayer.
Bitcoin and Altcoins Experience Significant Declines Ahead of Fed's Interest-Rate Decision
Bitcoin and other cryptocurrencies, including ether and altcoins, experienced a decline in value due to risk-off sentiment in financial markets ahead of the Federal Reserve's interest-rate decision and press conference. Bitcoin's value dropped below $58,000, marking its worst month since November 2022, and has fallen almost 9% in the last 24 hours. The broader crypto market, as measured by the CoinDesk 20 Index, has also lost more than 8.5%. Other major altcoins, such as solana, dogecoin, and avalanche, also experienced losses exceeding 10%.
BTC hits $57,000
OKX market data shows that BTC has reached $57,000 and is currently trading at $57,181.53, with a daily decline of 9.35%. The market is highly volatile, so please be prepared for risk control.
10x Research: The average holding price of US Bitcoin spot ETF buyers is about $57,300
On May 1st, 10x Research officially announced on social media that the organization accurately predicted three major corrections in this bull market. However, this adjustment is different from previous ones because institutional investors' risk management methods differ from those of most retail traders. The estimated average entry price for US Bitcoin ETF holders is around $57,300, possibly even 1-2% higher, and the current Bitcoin price is approaching that level.
BTC falls below $58,000
Golden Finance reported that according to OKX market data, BTC briefly touched $57,700 and is now trading at $58,581.53, with a daily decline of 7.15%. The market is volatile, so please be prepared for risk management.
BTC falls below $59,500
The market showed that BTC fell below $59,500 and is now trading at $59,468.74, with a daily drop of 6.22%. The market is volatile, so please be prepared for risk control.
CME Bitcoin futures open interest fell 15% in 24 hours
According to Coinglass data, CME's Bitcoin futures open interest decreased by 15% in the past 24 hours, now at 125,200 BTC. The total open interest across all platforms is currently about 484,400 BTC, with a 24-hour decrease of 4.6%.
In the past 24 hours, the entire network has liquidated $368 million, of which long orders have liquidated $317 million
According to Coinglass data, there were $368 million worth of liquidations across the entire network in the past 24 hours, including $317 million in long positions and $50.68 million in short positions. In addition, there were $108 million worth of liquidations in BTC and $105 million worth of liquidations in ETH.
BTC and ETH options with a notional value of over $2.2 billion will expire on Friday
According to Deribit data, nominal value of over 1.285 billion USD BTC options and over 954 million USD ETH options contracts will expire on Friday (May 3rd). The maximum pain point price for BTC is 64,000 USD and for ETH it is 3,050 USD.
Bitcoin L2 BOB has integrated Particle’s BTC Connect to facilitate seamless use of dApps for native BTC users
On May 1st, it was reported that Bitcoin L2 BOB has integrated the modular blockchain Particle Network's account abstraction protocol BTC Connect to facilitate seamless use of any dApp on BOB by native BTC users. Users can sign transactions on BOB L2 using their native BTC wallet.
Bitcoin’s ‘euphoria phase’ cools, but a BTC bottom could be near — Glassnode
Data suggests that newer investors are behind Bitcoin’s sell-off, but sell-side exhaustion will eventually mark BTC’s price bottom.
The balance of Binance Bitcoin wallet increased by 6249.36 in the past 24 hours, and 15565.89 inflows in the past 7 days
Coinglass data shows that the current balance of Bitcoin wallets on Binance is 548,778.36, ranking first on CEX; there were 6249.36 incoming transactions in the past 24 hours and 15565.89 incoming transactions in the past 7 days. In addition, Coinbase Pro's Bitcoin wallet balance is 281,881.08, with 30451.49 outgoing transactions in the past 30 days.
Bitcoin records worst monthly performance since FTX collapse, interest rate outlook becomes a drag
The prospect of "higher and longer" interest rates is putting pressure on the cryptocurrency market, with Bitcoin experiencing its largest monthly decline since the collapse of SBF's FTX empire in November 2022. Bitcoin fell nearly 16% in April, and the Bitcoin and Ethereum ETFs launched in Hong Kong on Tuesday failed to provide momentum. Increasing evidence suggests that the Federal Reserve may signal a delay in interest rate cuts after this week's meeting. Chris Weston, research director at Pepperstone, said the recent rise in US Treasury yields and real interest rates is putting pressure on gold, Bitcoin, and the US stock market.
The premium of Bitcoin in Japan rose to 1.49% in early April, the highest since March 2020
TradingView data shows that the Bitcoin-Yen (BTC/JPY) trading pair on Japanese cryptocurrency exchange bitFlyer is trading at a premium of about 0.2% compared to the Bitcoin-US dollar price on Nasdaq-listed Coinbase (COIN). In recent weeks, mainstream cryptocurrencies have continued to show premiums when priced in yen, with the highest premium reaching 1.49% earlier this month, the highest since March 2020. This indicates that traders are diversifying their investments into alternative assets to avoid volatility in the yen.
The total open interest of BTC options is $17.83 billion, and the open interest of ETH options is $8.07 billion.
Coinglass data shows that the nominal value of unclosed BTC option positions on the entire network is 17.83 billion US dollars, which is the lowest point since February 26; the nominal value of unclosed ETH option positions is 8.07 billion US dollars, which is the lowest point since February 25.
James Fickel borrowed 40 BTC from Aave and sold it for 806 ETH
As monitored by on-chain analyst Yu Jin, James Fickel is still bullish on the ETH/BTC exchange rate: one hour ago, he borrowed 40 BTC (worth $2.51 million) from Aave and sold it for 806 ETH. Since the beginning of January this year, he has borrowed a total of 2,301 WBTC (worth $145 million) from Aave and sold it for 41,944 ETH. The cost of the ETH/BTC exchange rate is about 0.055.
Arkham: WBIT holds 8,900 BTC in 134 wallets
Blockchain data tracking company Arkham has discovered a Bitcoin wallet address related to WisdomTree's ETP WBIT asset management company. WBIT holds 8,900 BTC in 134 wallets, worth approximately $579 million.
Glassnode: 7% of Bitcoin supply locked in $60,000 to $65,000 price range
Glassnode's URPD indicator provides an in-depth understanding of the distribution of Bitcoin's unspent transaction outputs (UTXO) based on its creation price. Since February 28th, the price of Bitcoin has remained above $60,000, with only two brief dips below this level, one on March 5th and another from April 17th to 19th. Despite Bitcoin briefly breaking through $70,000 in March and April, the URPD indicator shows a large accumulation of supply between $60,000 and $65,000 - BTC transactions have been within this range for the past two weeks. According to Glassnode's data, as of April 26th, approximately 7% of the total supply is concentrated in this range.
