Bitcoin Falters in Choppy Market, Ether Stays Resilient: Crypto Daybook Americas

The current price of ETH is $4276.62, with a 1.70% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 10.89 million US dollars, with the main liquidation being short orders and ETH liquidation being 6 million US dollars (55.05%). The data is for reference only.

[Main Password: Bitcoin is currently facing a critical support level and may experience a rebound. The main player has made a $100 million bet in this direction.] The main large order is displayed on the K line in the form of a horizontal line, the thicker the line means the larger the pending order amount, and the longer the line represents the longer the pending order time

Odaily Planet Daily reports that Greeks.live macro researcher Adam posted on the X platform, stating that as the Federal Reserve's Jackson Hole meeting approaches, the options market shows clear divergence. Today, large bullish and bearish trades reached $1.61 billion and $1.14 billion, respectively, accounting for two-thirds of the total trading volume for the day. The trades are primarily concentrated on out-of-the-money options expiring this week and this month. Meanwhile, short-term implied volatility has declined, indicating that institutional investors are not optimistic about significant volatility resulting from this meeting.

[Bank of America: Stablecoins Will Intensify Competition with Money Market Funds] A Bank of America report states that demand for U.S. Treasury securities from stablecoins is expected to grow by $25 billion to $75 billion over the next year, which will exert greater competitive pressure on money market funds (MMFs). Some MMF clients are exploring tokenization to address the competition. In July of this year, BNY Mellon and Goldman Sachs successfully completed the transfer of tokenized MMF shares. The report highlights that MMFs need to complete tokenization within a limited timeframe and offer competitive yields to respond to potential innovations and regulatory changes in the stablecoin industry.

[Traders Reduce Bets on Two Fed Rate Cuts This Year] Odaily Planet Daily reports, according to market news: Traders have reduced bets on two Federal Reserve rate cuts this year. (Jin10)