Approximately 34K BTC and 220K ETH options expired today with max‑pain at $118K for BTC and $4.25K for ETH. BTC short‑tenor IVs remain above 35% while ETH short‑tenor IVs are above 80% with markets re‑pricing near‑term volatility.
BTC ETFs logged a 5th straight outflow day (‑$194 million) while ETH ETFs saw +$288 million (led by BlackRock’s ETHA). This rotation favors ETH despite broader de‑risking.
Largest BTC liquidation cluster lies between $114.7K - $115K with near-term support at $111.2K and deeper support at $109.4K - $107.6K.
Bitcoin’s return to $83,000 has pushed sentiment into greed, but volatile ETF flows, fading macro support and Ethereum’s institutional shortfall suggest this rally rests on shakier ground than the headlines imply.
The Amsterdam-listed buyer took control of the miner Alameda sank $1.15 billion into on the day FTX's estate dropped its clawback suit, and its CEO says he has "zero interest" in mining bitcoin.
Chia Der Jiun's remarks, made a week before MAS's consultation on stablecoin legislation closes, put central bank money at the top of Singapore's settlement hierarchy and raise the prospect of reserve access for systemically important issuers.
THORChain’s history of centralization, security failures and questionable money flows is well documented. But are today’s critics getting the technical and legal arguments right – and are they applying the same standards to other major DeFi projects?
