[Surge in Demand for Bitcoin and Ethereum Put Options as Market Hedges Downside Risks] Following last Friday's liquidation cascade, the options market indicates that investors are preparing for potential further declines in Bitcoin and Ethereum. Sean Dawson, Head of Research at Derive.xyz, pointed out that short-term market volatility sentiment is heating up, with traders heavily purchasing Bitcoin and Ethereum put options to hedge against potential risks. Data shows a surge in demand for Bitcoin put options with strike prices of $115,000 and $95,000 expiring on October 31, while call options with a strike price of $125,000 expiring on October 17 have shifted from buying to selling, reflecting bearish short-term market sentiment. Additionally, traders are also focusing on Ethereum options with strike prices of $4,000 (expiring October 31) and $3,600 (expiring October 17), while a significant amount of put options with a strike price of $2,600 expiring on December 26 have been purchased. Nic Puckrin, co-founder of Coin Bureau, stated that although the recent crash has cleared excessive leverage, Bitcoin must break through key resistance levels to achieve a new all-time high.
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More >韩国当局重启对币安收购 Gopax 的审查，或推动其重返市场
[South Korean Authorities Resume Review of Binance's Acquisition of Gopax, Potentially Paving the Way for Its Market Return] The South Korean Financial Intelligence Unit (FIU) has resumed its review of Binance's acquisition of the local cryptocurrency exchange Gopax, a process that had been stalled for over two years due to anti-money laundering concerns. After Binance acquired a 67% stake in Gopax in March 2023, it submitted an executive change report, but the approval process was delayed. Under current laws, South Korea does not conduct separate qualification reviews for major shareholders of cryptocurrency exchanges, meaning this executive change report is essentially regarded as an indirect evaluation of Binance's qualifications. The FIU's current stance is positive, and the approval for the changes is expected as early as the end of 2025. This development could mark a critical step for Binance to re-enter the local market after shutting down its South Korean operations in 2021.
The main force lacks confidence in the future market
HTX-BTC perpetual contract is now reported at $11307.1. According to market contract position analysis, the main force lacks confidence in the future market, and the price may decline. Please hold positions reasonably and control risks
BNB falls below the $1250 mark
Binance BNB/USDT is currently trading at $1243.86, with a 5-minute decline of 0.54%. Please pay attention to market fluctuations.
ETH falls below the $4100 mark
OKX-ETH/USDT is currently trading at $4099.82, with a 5-minute drop of 0.42%. Please pay attention to market fluctuations.
BTC falls below the $113000 mark
OKX-BTC/USDT is currently trading at $112994.10, with a 5-minute decline of 0.04%. Please pay attention to market fluctuations.