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CryptoQuant CEO sees $30,000 Bitcoin floor even if ETFs and treasury firms exit

Bitcoin could find support near $30,000 even if institutional investors unwind their accumulated exposure, CryptoQuant's chief executive argues. The scenario would require reversing roughly $58 billion in net inflows to US spot Bitcoin exchange-traded funds (ETFs) and selling the 1.3 million BTC publicly traded companies have accumulated. Yet CryptoQuant CEO Ki Young Ju believes Bitcoin's… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

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The hidden trade behind Strive’s 16.7% Bitcoin income offer

There's a Bitcoin company that's now offering investors a 15% annual dividend, paid in small installments every business day. While a 15% dividend is high enough to grab everyone's attention, the more revealing number is what buyers agreed to pay for it. On Oct. 15, Strive priced seven million shares of its new SATS preferred… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

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Bitcoin’s inflation hedge has a hidden cost, and leverage makes it worse

Borrowing costs, missed interest income, and futures fees can all eat into returns even when Bitcoin holds its value. That's a big problem, and it gets even worse when inflation stays high. September's US inflation report showed consumer prices up 3.7% year over year, fueling concerns about the dollar's purchasing power. That same inflation pressure… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

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Bitcoin faces an $8,000 trading trap as US midterms approach

Two hot inflation reports in two days resulted in Bitcoin falling below $80,000 on Oct. 15. September CPI accelerated to 3.7% from 3.4%, and producer prices jumped 1.3% on the month, the largest rise since March 2022 and more than double the forecast in most surveys. Can-Luca Köymen, investment strategist at Sygnum, said in a… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

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Bitcoin’s $100,000 dream slips away as $939 million crypto wipeout pushes traders toward $78,000

Bitcoin registered an intraday low of $79,730 before recovering to around $82,000 as surging US wholesale inflation intensified a cryptocurrency selloff that triggered nearly $940 million in liquidations. This price action extended losses as stronger-than-expected inflation data raised concerns about another interest rate hike by the Federal Reserve. According to CoinGlass, 176,506 traders were liquidated… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

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Bitcoin’s AI-driven rally faces a hidden danger if the machines get richer but workers don’t

Bitwise CIO Matt Hougan argued in an Oct. 14 memo that nearly every macroeconomic path ends with Bitcoin higher, including an extraordinary AI productivity boom that makes scarce assets more valuable. Two days earlier, the Bank for International Settlements published a working paper that models a fourth path. In it, AI automates work and lifts… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

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Bitcoin’s $80,000 buy wall hides a liquidation trap that could send prices toward $78,000

Bitcoin registered an intraday low of $81,514.28 on Oct. 14 as September CPI came in hotter than forecast, with headline inflation at 3.7% year over year against 3.6% expected and core at 2.6% against 2.5%. Glassnode's latest on-chain data suggests a calmer holder base than the price action. The harder test sits near $80,000, where… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

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Bitcoin plunges to $81,300 support as Fed hike odds hit 55% amid $100 million crypto wipeout

Bitcoin fell below $83,000 on Wednesday as hotter-than-expected US core inflation data revived expectations of further Federal Reserve interest rate hikes, triggering a fresh wave of liquidations across the cryptocurrency market. CoinGlass data showed that over $100 million in leveraged positions were liquidated in the hour after the inflation report was released. This also pushed… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

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Bitcoin whales accumulate ahead of crucial US inflation report as $744 million exits ETFs

Bitcoin whales are accumulating before Wednesday's US inflation report, despite $744 million in recent spot ETF withdrawals. According to an Oct. 13 CryptoQuant report, large holders have increased their combined Bitcoin holdings to 3.03 million BTC, with accumulation accelerating to its fastest monthly pace since February. The buying contrasts with $744.3 million in net withdrawals… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

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Bitcoin defies $800 million crypto wipeout as South Korea’s AI stock market crashes

Bitcoin rebounded above $83,000 on Tuesday despite a sharp Asian stock selloff, as cryptocurrency liquidations exceeded $800 million. BTC recovered after briefly slipping below $81,000, while semiconductor shares continued a deepening rout that sent South Korea's benchmark KOSPI index down 6%. South Korea's AI stock collapse exposes concentrated market risks Reports noted that South Korea's… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

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Strategy spent nearly nine times as much on STRC buybacks as Bitcoin last week

Strategy (formerly MicroStrategy) bought 250 Bitcoin for $21.5 million last week while spending $192.4 million to repurchase its STRC preferred shares. On Oct. 12, the Michael Saylor-founded company disclosed that it acquired just 250 Bitcoin for about $21.5 million between Oct. 5 and Oct. 11, extending a slowdown that saw purchases fall to 334 BTC …

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Bitcoin options price a quiet CPI week while shorts cluster at $76,000–$80,000

Bitcoin options expiring Friday carry substantial put exposure below the market price, while short-term volatility pricing has fallen ahead of Wednesday's US inflation report. Data from Coinbase-owned Deribit, a crypto options exchange, showed that in an Oct. 12 snapshot the Oct. 16 settlement carried approximately 15,502 BTC in outstanding options, comprising 9,128 BTC in puts …

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