Bitcoin’s turbulent times have reversed, with calls at $140,000 and puts at $80,000âthe market is experiencing a calm after the storm.
Standard Chartered discusses the end of selling pressure and the potential for a year-end rally.
Mastercard launches a new cryptocurrency holder system using Polygon Network.
Coinbase begins development of a future-focused prediction market website.
With the US macroeconomic outlook looming, how will liquidity change to support Bitcoin’s revival?
Let’s analyze global economic and cryptocurrency news and consider economic trends together! Today, we’ll discuss today’s cryptocurrency news and on-chain market conditions for Wednesday, November 19th. Let’s take a look at 24-hour data headlines from the cryptocurrency market.
“Bitcoin is like a ship that continues its voyage, sometimes buffeted by rough seas.”
Let’s start with a surprising reversal of positioning. Bitcoin was once dominated by aggressive call options targeting a high of $140,000. However, that momentum has now reversed, with relatively modest put options at $80,000 dominating the market. It’s as if a ship has made a major turn in the midst of a storm.
The background to this is the recent significant correction in Bitcoin prices. The bull market that began in early 2024 has temporarily cooled, and many investors have become risk-averse, leading to a cautious market sentiment. Similar position reversals have been observed in the past, and it’s not uncommon for them to undergo a short-term correction before returning to an uptrend.
Market insiders say this movement is evidence that market participants are temporarily becoming less willing to take risks. However, they also point out that such corrections are essential for healthy market formation.
The essence of this event is that “markets are constantly changing, and riding the wave requires flexible strategies and calm judgment.”
Next, let’s look at the views released by Standard Chartered Bank. They suggest that the recent selling pressure on Bitcoin may be largely over, and they say they expect a “rebound rally toward the end of the year.” This is wishful thinking, like a forest budding in spring after a long winter.
According to them, the selling pressure that had accumulated across the market is beginning to ease, and new capital inflows and institutional investors are on the horizon. However, they also warn that the US macroeconomic environment and interest rate trends remain important to monitor. Indeed, over the past few years, Bitcoin prices have reacted sensitively to policy changes by the Federal Reserve and economic indicators.
The essence of this event is that “the easing of selling pressure is the key to unlocking a new bull market.”
The third is Mastercard’s innovative crypto-name system. This is a new service deployed on the Polygon network that allows users to associate easy-to-remember “crypto-usernames” with their cryptocurrency addresses.
This system is like creating your own stylish name tag in the digital world. Eliminating the need to remember complex wallet addresses makes cryptocurrency trading and transfers more intuitive and secure, and will likely promote adoption, especially among casual users and beginners.
Financial industry insiders have praised this, saying that user-friendly technological innovation is the greatest driving force behind the widespread adoption of cryptocurrencies.
This event demonstrates that improved convenience is the quickest route to widespread adoption of blockchain technology.
Fourth, Coinbase is reportedly working on building a prediction market website. This news was revealed by a technology researcher. A prediction market is a system in which market participants bet on future events. Its appeal lies in the ability to read collective knowledge and expectations from price fluctuations.
Applying this to the cryptocurrency industry could enable market participants to exchange information transparently and efficiently, leading to the creation of new value. It could be thought of as a “future prediction game” rather than a system of majority vote.
Experts are hopeful that this could lead to a new information ecosystem combined with decentralized finance (DeFi).
This event demonstrates that information and predictive power are the keys to the success of next-generation financial services.
Finally, I’d like to discuss expectations for a Bitcoin revival. Due to changes in the liquidity environment, some are viewing this as a signal for Bitcoin’s price to recover. However, there remains uncertainty about the US macroeconomic situation, particularly interest rate policy and economic trends, so we must remain vigilant. This situation is similar to the mentality of a mountain climber waiting for clear skies despite the unstable weather.
In terms of investor sentiment, first, buying appetite is gradually returning due to improved liquidity.
Second, there is an ongoing struggle between bulls and bears among market participants.
Third, uncertainty means there is still caution about increased short-term volatility.
These three factors are intertwined in a complex way and will shape future developments.
That’s the gist of today’s news. If you find this channel valuable, please share, follow, and turn on notifications.
Andâwhat do you think of these market movements?
Please let me know in the comments.
See you tomorrow.
