Bitcoin’s move into the $82,000-$83,000 range has revived short-dated options activity. Glassnode says a roughly $2 billion short-gamma pocket near $82,000, combined with heavy call selling, could magnify near-term price swings.
Bitcoin briefly dropped below $70,600 after news of a US move to block the Strait of Hormuz hit risk assets. CoinGlass data showed $283.35 million in liquidations over 24 hours, with longs accounting for $203.01 million.
Tether and Circle minted $1.5 billion in stablecoins within two hours, signaling liquidity readiness after Bitcoin's dip below $93K. Apeing launches Stage 1 whitelist at $0.0001 per token, targeting early movers while Toshi and SPX6900 show modest gains.
The Fed kept rates at 3.50% to 3.75%, but updated forecasts pushed year-end expectations higher. Bitcoin fell from around $66,000 to $64,800 after the announcement, while markets raised the probability of a July rate hike to 18%.
Trump filed suit in federal court in Miami seeking $10 billion, alleging the IRS and Treasury failed to protect confidential tax records. The case is also feeding debate in crypto circles over centralized data risks and privacy.
XRP rose 6.34% over the past week to $1.44, with combined daily spot and derivatives volume reaching $1.81 billion. Traders are watching whether the token can turn $1.44 from resistance into support.
The Ethereum Foundation has formed a new DeFi team under App Relations and introduced the DeFipunk vision. At the same time, on-chain data shows Vitalik Buterin has sold 10,723 ETH since Feb. 2 for about $21.74 million.
Glassnode data shows only 1% of Bitcoin's circulating supply sits between $72,000 and $80,000. Historical breaks above $72,000 led to rapid climbs. Over 400,000 BTC accumulated below provide strong support.
