Bitcoin dropped to $74,680 due to futures liquidations, but no panic in derivatives. ETF outflows hit $3.2B, under 3% of assets. Gold market cap hits $33T, up 18% in 3 months. Tech sector worries drive investors to cash. Yields on US 2-year Treasury at 3.54%, S&P 500 near all-time high despite government shutdown.
Oracle plans to raise $50B to meet AI demand, easing investor concerns. Bitcoin derivatives show resilience despite 40.8% price drop from ATH. Futures basis rate at 3%, indicating weak demand for bullish positions. ETFs see $3.2B outflows, but under 3% of assets. Strategy holds $1.44B in cash reserves.
Bitcoin may hold above $75,000 as traders analyze sell-off drivers. Derivatives market remains healthy, with $40B in open interest. Oracle’s AI expansion plans ease investor worries. ETF outflows reach $3.2B but represent less than 3% of assets. Strategy holds $1.44B in cash reserves.
Read more at Cointelegraph: Here’s 4 Supporting Data Points
