OSL trading moment: Bitcoin stands on the bull and bear dividing line, and the market has differences on the target price of $99,000

1. Market Observation

Keywords: ETF, ETH, BTC

Strategy (formerly Microstrategy) plans to expand its Bitcoin holdings by issuing $2 billion in priority convertible bonds, a move that triggered a chain reaction, with companies such as Goodfood and Lightspark launching similar investment actions. In terms of the development of cryptocurrency ecosystem, the Ethereum Foundation has launched an open intention framework aimed at simplifying cross-chain asset transfers and unifying the Ethereum ecosystem, especially solving the efficiency problems brought about by increasingly diversified L2 ecosystems. Affected by this positive news, Ethereum prices are showing an upward trend, expected to rise to $4,000. In contrast, the Bitcoin market faces the double test of demand and liquidity. Although some analysis points out that the price of Bitcoin may climb to $99,000, there are obvious differences in market views. Famous investor Stephen Weiss has reduced his holdings in Bitcoin due to weakening market momentum. Technical analysis also shows that Bitcoin is hovering on the historical indicator line of bull and bear division. However, institutional investors including Strategy, Goodfood and BlackRock are still actively making plans, while industry experts such as Lightspark’s David Marcus, Czech National Bank president Aleš Michl and Bloomberg ETF analyst Eric Balchunas are also continuing to be optimistic about Bitcoin It is believed that it is expected to usher in a new golden period of development.

2. Key data (as of 09:50 HKT on February 21)

• S&P 500: 6,117.52 points (+4.01% within the year)

• Nasdaq: 19,962.36 points (+3.37% within the year)

• 10-year US Treasury yield: 4.502% (-7.40 basis points within the year)

• US dollar index: 106.53 (-1.80% within the year)

• Bitcoin: $98,374 (+5.31% during the year), daily spot trading volume is $29.49 billion

• Ethereum: $2,742.74 (-18.00%), daily spot trading volume is $14.93 billion

3.ETF flow direction (EST, February 20)

• Bitcoin ETF: -$252.8 million

• Ethereum ETF: -$13.1 million

4. Important date (Hong Kong time)

Number of people who requested initial unemployment benefits (21:30 on February 20)

• Actual: 219,000/Previous value: 213,000/Expected: 215,000

Minutes of the Federal Reserve Meeting (03:30, February 20)

5. Hot News

Australian ETF operator BetaShares launches BTC ETF

Franklin Templeton launches Bitcoin, Ethereum Index ETF

Grayscale's XRP ETF has been released to the Federal Communiqué, and the US SEC needs to make a decision before October 18

Canary Fund's "Litecoin ETF" has been added to the DTCC website

Argentina Senate asks government to provide report on LIBRA token scandal

SBF changed political stance in prison and turned to support Trump in an attempt to seek pardon

Crypto exchange Kraken is considering launching stablecoin

Coinbase will launch Kaito (KAITO)

Figure gets SEC approval to issue the first interest-bearing stablecoin

US SEC Announces Establishment of Networks and Emerging Tech Units to Protect Retail Investors Involved in Fighting Crypto Assets

The number of initial unemployment claims in the United States in the week ending February 15 was 219,000, and the expected number was 215,000, and the previous value was revised to 214,000.

Wintermute is one of the KAITO market makers. 3 hours ago, I received 1.2 million tokens from the project party's multiple-sign address.

Market News: Coinbase and Kraken are still discussing acquisition of Deribit

Binance Contract Summarization Will Add 50 U-Mark Perpetual Contracts

Coinbase adds tokenbot (CLANKER) to the currency roadmap

Montana's "Strategic Bitcoin Reserve" bill passes committee review and enters the House of Representatives voting stage

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