Happy Thursday!

Bitcoin is still standing on the edge of $85,000 but cannot get over the hump. Is this just a bull market shakeout or an indication of a bear market?

Binance is reportedly advising countries on their strategic Bitcoin reserve plans. Which countries are we talking about?

Plus, learn about the evolution of 0DTE options, why they have become a critical tool in modern trading, the most effective ways to trade 0DTE options and how to minimize your risk by attending a free webinar from Cboe about capitalizing on volatility through these instruments.

TOP STORY

Bitcoin Stuck Below $85,000: Bull Run Shakeout Or Bearish Downtrend?

Bitcoin has been trading sideways over the past 30 days, prompting a debate about when the next strong trend will emerge.

But contrary to popular belief, whales are not dumping.

Instead, short-term holders are driving the recent pullbacks, creating turbulence without substance, according to analytics firm CryptoQuant.

So, is this a bull market shakeout or the start of a bear market?

Read the full scoop here.

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QUICK N DIRTY

Dogecoin is getting an ETF, that is (almost) certain. But what kind of returns could you expect from a 1% allocation to a Dogecoin ETF?

Gary Gensler is not the head of the SEC anymore, but his feelings about the crypto markets haven’t changed: they’re still trading almost exclusively off sentiment, he says.

Bitcoin holders with unrealized losses on their books have hit a new all-time high. Who are these holders, and is this a bearish sign?

FINTECH FOCUS

Binance Advising Nations On Strategic Bitcoin Reserves, Crypto Regulation: Report

Crypto exchange Binance is now actively assisting several countries in drafting crypto regulations and establishing national digital asset reserves, according to CEO Richard Teng.

“We have actually received quite a number of approaches,” he said.

While he declined to name specific countries, both Pakistan and Kyrgyzstan recently confirmed they are working with Binance founder Changpeng Zhao to shape local crypto policies.

Could the U.S. soon be one of the countries tapping Binance for advice?

Read the full scoop here.

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