BTC $68,762.13 -6.65%
ETH $1,928.21 -5.97%
BNB $632.22 -6.70%
XRP $1.00 -3.80%
SOL $78.25 -5.92%
TRX $0.3113 -1.76%
DOGE $0.0634 -5.61%
ADA $0.1669 -3.43%
BCH $216.37 -5.88%
LINK $9.67 -4.24%
HYPE $71.23 -1.13%
AAVE $110.31 -6.98%
SUI $0.7710 -5.76%
XLM $0.1419 -3.07%
ZEC $926.69 -5.65%
AAPL $356.48 +0.11%
AMZN $267.93 +0.67%
GOOGL $300.07 +1.70%
MSFT $521.36 -0.06%
META $624.86 -0.69%
NVDA $164.03 +2.02%
TSLA $397.81 +2.72%
SNDK $927.48 -3.10%
INTC $60.75 +0.02%
SPCX $140.33 +0.57%
MU $793.60 +0.21%
AMD $573.57 +1.76%
BTC $68,762.13 -6.65%
ETH $1,928.21 -5.97%
BNB $632.22 -6.70%
XRP $1.00 -3.80%
SOL $78.25 -5.92%
TRX $0.3113 -1.76%
DOGE $0.0634 -5.61%
ADA $0.1669 -3.43%
BCH $216.37 -5.88%
LINK $9.67 -4.24%
HYPE $71.23 -1.13%
AAVE $110.31 -6.98%
SUI $0.7710 -5.76%
XLM $0.1419 -3.07%
ZEC $926.69 -5.65%
AAPL $356.48 +0.11%
AMZN $267.93 +0.67%
GOOGL $300.07 +1.70%
MSFT $521.36 -0.06%
META $624.86 -0.69%
NVDA $164.03 +2.02%
TSLA $397.81 +2.72%
SNDK $927.48 -3.10%
INTC $60.75 +0.02%
SPCX $140.33 +0.57%
MU $793.60 +0.21%
AMD $573.57 +1.76%

uob

All
Article
Flash

Huobi HTX Chief Analyst Cloud: The leverage liquidation in the cryptocurrency market has been relatively sufficient, and the short-term space for further decline is limited

In October, the U.S. CPI exceeded expectations. After the data was released, BTC briefly fell to around $73,000, and the market began to bet on a 50 basis point rate hike in December. In response, Cloud, the chief analyst at Huobi HTX, believes that the probability of a 50 basis point hike is low, and a 25 basis point increase remains the baseline scenario. The current decline is more akin to a pricing correction.There are three reasons: The Federal Reserve values the continuity of data, and historically, there are very few cases where a single month's CPI jump has changed the pace of rate hikes; a single month of exceeding expectations is insufficient to overturn the gradual path; the current inflation stickiness mainly stems from the lagged transmission of tariffs and rents, which will naturally diminish, and marginal employment is also weakening. The committee has no reason to impose aggressive tightening at the peak of transmission; the credit spread has widened from 93 basis points to 348 basis points, financial conditions have effectively tightened, and adding another 50 basis points would actively create financial stability risks.In the crypto market, funding rates have turned negative, and the open interest in perpetual contracts has decreased by nearly 20% in a week. The fear and greed index has fallen into the deep fear zone, and the clearing of leverage has been relatively sufficient, limiting the space for further short-term declines. However, an oversold situation does not mean an immediate rebound; confirmation is needed for CPI to fall in the next two months. If inflation exceeds expectations for two consecutive months and a 50 basis point hike is realized, a trend decline will begin, but currently, this scenario seems unlikely.Note: The content of this article does not constitute investment advice, nor does it constitute any offer, solicitation, or recommendation of investment products.

Huobi HTX has reached constructive communication with the Financial Conduct Authority (FCA) of the United Kingdom, and the related lawsuit has been properly resolved

Huobi HTX announced that the UK Financial Conduct Authority (FCA) had previously initiated legal proceedings against the exchange in the UK. After a period of constructive communication between both parties, the matter has now been properly resolved.Huobi HTX has always sincerely cooperated with the FCA, actively collaborating and responding to its concerns regarding the UK market. During this period, Huobi HTX, based on its commitment to continuously adhere to compliance standards, has gradually strengthened restrictions related to the UK market and exit arrangements, and implemented supporting operational measures.These measures were already in place before this settlement was reached. The settlement further consolidates the aforementioned measures and does not constitute an admission of any legal liability, misconduct, or violations by Huobi HTX.The settlement eliminates relevant legal uncertainties and is consistent with the exchange's commitment to continuously enhance compliance levels. This is beneficial for Huobi HTX to focus on the most important matter, which is to provide high-value services to users and achieve long-term sustainable growth.Huobi HTX thanks all parties for their professional cooperation in properly concluding this matter and will continue to focus on responsibly serving users. Looking ahead, Huobi HTX is willing to constructively cooperate with all parties in the industry, including working hand in hand with regulators where appropriate, to jointly safeguard user interests and promote the healthy development of the digital asset ecosystem.

Huobi HTX Chief Analyst Cloud: Before the interest rate meeting, Bitcoin is likely to continue its fluctuations, with the lower edge of 80,000 USD possibly being tested first

Bitcoin has been trapped in the range of $80,000 to $84,000 for the past two weeks. Huobi HTX's chief analyst Cloud believes that this is essentially a balance of two opposing forces: ETFs have seen a net outflow for two consecutive weeks, while exchange holdings continue to flow out, and long-term holders are only moderately cashing out. In the week leading up to the Federal Reserve's interest rate decision, Bitcoin is likely to continue waiting in this range. The CME has only priced in a 16% chance of a rate hike in October, while economists generally believe it is close to a 50-50 chance. This discrepancy in pricing and opinions will make funds hesitant to bet in advance.If a direction is chosen in advance, the possibility of a downward test is slightly higher: the funding rate remains high, and the options skew continues to lean towards puts, indicating that bulls have not yet cleared out, and the demand for downside protection is still increasing. However, there has been effective support formed multiple times below $80,000 in the past month, making a downward breakout more likely to be a false breakout.Confirmation signals for a breakout are divided into two groups: for an upward breakout, the daily close needs to be above $84,200, with a cumulative net inflow of over $500 million into ETFs for three consecutive days, and the funding rate not exceeding 15%; for a downward breakout, it must fall below $79,800, with a single-week ETF outflow exceeding $500 million, while exchange funds turn into net inflows. The true source of direction will come from the interest rate decision announced at midnight on October 29, Beijing time, and the nearly 89% pricing for a rate hike in December.Note: The content of this article is not investment advice and does not constitute any offer, solicitation, or recommendation for any investment products.
app_icon
ChainCatcher Building the Web3 world with innovations.