The number of long and short positions in OKX-BTC has surged from today's highest to 2.58, reaching a new high since September 8th last year, indicating that the market is overly bullish and the minority, namely the main force, is bearish.
According to Coinpost, Yoshiyuki Yabuki, Director of the Planning and Market Bureau of the Financial Services Agency of Japan, proposed a comprehensive institutional reform plan for cryptocurrency and stablecoins based on the discussions of the Financial Review Committee working group last month. It is worth noting that a "domestic asset holding order" will be introduced for cryptocurrency exchanges, which requires holding a certain amount of assets domestically. This move aims to learn from the lessons of the bankruptcy of the large exchange FTX in 2022 and further strengthen the protection of user assets. In addition, as a new institutional reform, the intermediary business for trading encrypted assets will be established as an independent business model. Under the current system, even those engaged in intermediary business need to register as cryptocurrency exchanges, but this reform will allow for business to be conducted under a more efficient regulatory framework. It is expected that gaming companies, communication companies, and other enterprises with a wide customer base will enter this field. For example, new businesses such as NFT trading within gaming applications and the use of encrypted assets to provide payment services will be launched. For stablecoins, it will also promote the flexibility adjustment of trust type supported assets. In particular, research is under way to allow the use of highly secure short-term treasury bond and time deposits with a certain maturity as supporting assets. Finance Minister Kato stated, "We hope to create an environment for users to use convenient remittance and payment services with peace of mind through institutional reforms." He emphasized that the goal is to balance user protection and promote innovation. The Financial Services Department plans to concretize these reform plans in the future, respectively formulating the "Partial Revision Bill of the Trust Industry Law" and the "Relevant Revision Bill of the Fund Settlement Law". On February 10th, it was announced that the Japanese Financial Services Agency plans to classify cryptocurrency assets as financial products.
Inviting you to join the personal meeting room of Fuxi Community, click on the link to join the meeting directly: https://meeting.tencent.com/p/9309732027# The current price level of BTCUSD is still being tested against the key range below, with a focus on the 95000-95400 range during trading days. Minor adjustments have been made to the lower range, while the upper test targets are the 96000 and 97000 lines. The layout of the bullish band and structure still needs to be confirmed. The current price level can only be entered based on the signal level of the key range below. Until the structure is confirmed, it is a short-term strategy. Although BTCUUSD is relatively weak in the lower levels, it should be noted that the bullish structure in the upper levels has not changed and still belongs to the trading within the bullish structure. However, the current price level is at the bottom of the key price range for testing, and above the hourly level, the preliminary bottom confirmation stage. The lower edge of the structure in the upper levels of BTCUSD is still in the range of 90000 to 92000. In terms of data: During the evening US trading session, CPI data is released, and the focus is on the data market in the evening. During the data release period, can price fluctuations be confirmed. Specific market explanations for BTCUSD and ETHUSD, including strategies and delisting, detailed explanations in the live broadcast room. For more content, please move to the live broadcast room! Join the Fuxi Community Exchange Group to receive more services: 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Study of professional technical analysis theory 3. Construction and improvement of trading system 4. Daily live streaming of courses, contract pages, and comprehensive analysis Tencent Meeting ID: 930-973-2027 QQ group: 123116768 Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent AICoin's position or viewpoint and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AICoin, and the consequences shall be borne by oneself.
Bitcoin’s price continues to fluctuate as analysts take note of institutional accumulation.Retail traders remain bearish as macroeconomic uncertainty weighs on risk assets.Fresh U.S. tariffs and Federal Reserve policy signals are adding to market turbulence, as analysts warn of potential liquidity constraints despite a weaker dollar.
Odaily Planet Daily News: According to IntoTheBlock, the number of addresses with balances on the Tron network has exceeded 125 million.
Tonight at 21:30, the United States will release January CPI data, which may directly affect the trend of Bitcoin prices! Reference for past signal strategies: CPI higher than expected: The Federal Reserve's tightening policy continues, and the possibility of BTC falling is high. Short term options include reducing positions or shorting. CPI lower than expected: The expectation of interest rate cuts is heating up, and the probability of BTC rising is high, so it is possible to buy on dips. CPI meets expectations: The market has priced, and BTC is likely to rise moderately. AiCoin custom indicators support intelligent monitoring of macro data such as CPI, non farm payroll, unemployment rate, etc. Users can customize exclusive trading strategies based on historical data performance, real-time buying and selling signals, real-time execution, and grasp every golden opportunity entry point! Advantages of AiCoin custom metrics: 1. Automatically display buy and sell signals on the K-line, making it easy to see when entering and exiting the market; 2. Real time warning, instant notification of market fluctuations, do not miss any opportunities; 3. Backtesting strategy, validated with historical data to improve trading stability; 4. Support real-time trading and directly apply it to real transactions to improve execution efficiency! Disclaimer: The strategy is for reference only and does not constitute any investment advice. Please use it according to your own situation and be responsible for your own profits and losses!