Institutions are Ready for a Drop in Bitcoin: Taking Positions Targeting 80-90 Thousand Dollars! - Coin Bulletin

QCP Capital, explaining the reasons, stated that Bitcoin could experience a pullback towards 80-90 thousand dollars.

Bitcoin (BTC), failed to break the resistance level of 99,000 dollars last night, triggering a sharp selling wave and dropping to a low of B.

As the uncertainty in the cryptocurrency markets continues with a three-day losing streak, investors continue to proceed cautiously.

Attention-Grabbing Movements in the Bitcoin Options Market

Ahead of today's release of the US non-farm payroll data, the cautious stance on Bitcoin in the options market is noteworthy.

In the market, it is observed that there is still interest in the BTC 28 February 2025 $80,000 put options (put) and Bitcoin 21 February 2025 $90,000 put options, indicating that investors are cautious and continue to price downward market risks.

New Era in Crypto Regulations in the US: Significant Steps from SEC and FDIC

The Securities and Exchange Commission (SEC) continues to take steps to relax regulations in the cryptocurrency markets.

The FDIC is working on new guidelines that will allow banks to engage in certain crypto activities** without prior regulatory approval.

In particular, it is expected that activities such as crypto custody services and "tokenized deposits" will be addressed by banks in a broader framework.

(# Decrease in Bitcoin Network Activity, but Long-Term Investors Remain Strong

According to recent analysis, activity on the Bitcoin network has dropped to its lowest levels since February 2024. According to CryptoQuant data, the Bitcoin Network Activity Index has fallen by 15% since its peak in November 2024, reaching a level of 3,760.

While the daily transaction volume decreased to 346,000, the mempool transaction volume, which was 287,000 in December, dropped to only 3,000 levels.