Bitcoin Updates Today: As Bitcoin Falters, AI Partnerships Highlight Changing Market Focus
- Bitcoin's 25% monthly drop tests $80,553 support as 11 U.S. ETFs report $3.79B outflows amid heightened gamma-driven selling and thinning liquidity. - Binance's Richard Teng frames volatility as "healthy consolidation," noting crypto's 100%+ 2024 gains despite macro risks and uncertain Fed policy. - Market makers face amplified swings below $85,000 due to short-gamma positions, while Deutsche Bank links selloff to regulatory stagnation and profit-taking. - Bitcoin Munari's $0.10 token presale and C3.ai's
Despite Bitcoin experiencing its most significant downturn in years, Wall Street continues to tolerate the cryptocurrency's notorious price swings, with institutional investors and market makers maneuvering through an increasingly delicate market environment. The 11 spot
Richard Teng, CEO of Binance, played down the recent drop,
Technical signals point to a fragile market. Market makers are contending with increased gamma risk as Bitcoin moves past important options levels, which is amplifying price volatility. When the price falls below $85,000—a level marked by strong demand for put options—dealers who are “short gamma” must sell more Bitcoin to hedge,
At the same time, enterprise AI companies such as C3.ai are strengthening their collaborations with major cloud providers like Microsoft, indicating a shift of investment toward more stable industries.
The growing gap in market behavior brings up concerns about Bitcoin’s ability to endure over the long term. While
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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