▪️ A significant outflow of money from Bitcoin ETF continues: $3,270,000,000 over 7 trading days
▪️ Deribit: The probability of Bitcoin recovering to $90,000 by the end of March is 23.4% based on options market data
▪️ Analysts at Standard Chartered expect a correction of Bitcoin to $69,000-$76,500 by Monday (TheBlock)
▪️ On the forecasting platform Kalshi, bets are rapidly increasing that BTC will drop to $58,000
▪️ A possible drop to $1,890, where more than 1,820,000 ETH ($38.8B) were purchased and a key support level is located
▪️ The decision on Fidelity's application to launch options on Ethereum ETF is postponed
▪️ On March 17, futures on SOL will be launched on the Chicago Mercantile Exchange (CME). It should be noted that each such launch preceded a 30% dump or the beginning of a bear market
The 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 on 63453172891
• Result: market crash.
100% fulfillment.
[4] March 2025. Launch of futures on CME for $SOL.
#CryptoAdoption #BTC #sentiment