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Crypto Trends

Kraken Raises $500M in Funding Round Valuing Crypto Exchange at $15B: Fortune

by admin September 26, 2025



Popular cryptocurrency exchange Kraken closed a $500 million funding round, setting the stage for a long-awaited IPO now expected in 2026, Fortune reported.

The round did not feature a lead investor and was closed on Kraken’s terms valuing the firm at $15 billion, Fortune said, citing a person who was not authorized to discuss the matter publicly. Backers included investment managers, venture capitalists and Kraken co-CEO Arjun Sethi, who also participated via his Tribe Capital investment firm.

Founded in 2011, Kraken had reportedly raised only $27 million in venture capital funding until this year. It generated $411 million in revenue and nearly $80 million in post-Ebitda earnings in the second quarter, according to the report.

Much of Kraken’s transformation over the last year has been steered by Sethi, who, despite sharing the CEO title with Dave Ripley, is widely seen as the company’s strategic leader.

Under him, Kraken acquired U.S. futures platform NinjaTrader for $1.5 billion, expanding its customer base by 2 million and bolstering its presence in traditional finance.

Behind the scenes, Kraken has seen a wave of executive turnover, with four senior executives recently leaving the company as it trims jobs ahead of the planned initial public offering.



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September 26, 2025 0 comments
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Best Time to Try Best Wallet
Crypto Trends

Best Time to Try Best Wallet

by admin September 26, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Stablecoins are rapidly becoming one of the dominant use cases linking crypto and tradfi.

Recent forecasts, institutional moves, and regulatory efforts suggest the sector is reaching an inflection point. And now, at least one analysis believes the stablecoin market cap alone could reach $4 trillion by 2030.

That’s twice the current size of the entire crypto economy in stablecoins alone.

Forecasting a Stablecoin Boom

That projection originates from Citi, whose analysts now estimate a base case of $1.9 trillion in stablecoin issuance by 2030, up from earlier forecasts. In a bullish scenario, the bank predicts issuance reaching $4 trillion.

If stablecoins were to be integrated everywhere, the analysts suggest they could support as much as $100T of annual transaction volume, a scale dwarfing today’s markets.

Citi tempers its optimism with caution. Many firms remain hesitant to adopt stablecoins in core operations, treating them as experimental tools rather than foundational infrastructure. In many domestic markets, conventional payment systems already operate at low cost and in near real time. Still, as legislation finally catches up, stablecoin utility has steadily grown.

The biggest real opportunity is in cross-border settlement, where inefficiencies still exist. Even so, Citi highlights that tokenized bank deposits may surpass stablecoins in usage by 2030.

Bank tokens are tokenized deposits, deposit tokens, and other bank-issued tokenized assets. They provide the trust, familiarity, and regulatory safeguards of bank money, and many corporations prefer them over stablecoins.

The final takeaway from the report highlights just how big the market could be. Still, just how much growth remains – even in a bullish case of $100T in payments annually, stablecoins would be a small percentage of the $5T-$10T leading banks send and receive daily.

The current stablecoin market grew from around $200B in early 2025 to nearly $280B, despite experiencing significant market swings. Governments and regulators are actively discussing how to regulate the issuance, backing, and redemption of these asset instruments.

Beyond market risk, stablecoins carry macro and geopolitical stakes.

If dollar-pegged stablecoins maintain dominance, capital flows and payments globally may increasingly favor U.S. influence.

The more stablecoins proliferate, the more issuers will likely hold U.S. Treasuries as reserve backing.

This creates a strategic vulnerability for Europe: a foreign digital currency could undermine domestic monetary control.

Europe’s Move: Consortium for a Euro-Backed Stablecoin

In response, nine European banks — including UniCredit, ING, CaixaBank, SEB, and Raiffeisen — have teamed up to launch a euro-denominated stablecoin, aiming for a debut in late 2026.

Incorporated in the Netherlands, the initiative will operate under a regulated license framework, with room for additional participants.

The goal is more than technological innovation; it is part of a broader strategy for European payment sovereignty in the midst of concerns over a growing US stablecoin lead.

The stablecoin project aligns with the enforcement of the EU’s MiCA regulation and complements efforts by the European Central Bank to push forward a digital euro.

There’s a bit of urgency to the project – the dominance of U.S. dollar tokens could erode monetary control and expose Europe to external leverage. U.S. stablecoin incumbents like Tether ($USDT) and Circle ($USDC) already command massive network effects and liquidity.

For the European project to succeed, it must overcome regulatory barriers, build trust, and provide liquidity – and fast.

Best Wallet Token ($BEST) – The Best Non-Custodial Wallet for Stablecoins and Crypto Presales

Best Wallet Token ($BEST) is the latest offering in a growing, powerful Best Wallet ecosystem. At the core, there’s a non-custodial Web3 wallet where users can safely store, swap, and send their tokens.

Next comes the $BEST utility token. With $BEST, investors get lower transaction fees and higher staking yields. There’s also access to the best crypto presales, where investors can find a curated selection of upcoming projects. Research and purchase tokens directly within the app.

What is Best Wallet token? It’s the key to powering up a vibrant wallet-based suite of tools. The upcoming Best Card will make it even easier to spend your crypto. In the meantime, learn how to buy $BEST and see why our price prediction thinks the token could reach $0.72,

Visit the Best Wallet token presale page for the latest information.

The coming years may well decide whether stablecoins become pillars of a hybrid financial future or remain niche infrastructure. Citi’s forecasts hint at the scale and ambition of stablecoins, and Best Wallet gives investors the tools they need to navigate a stablecoin future.

Authored by Bogdan Patru on Bitcoinist — https://bitcoinist.com/stablecoins-$4-trillion-by-2030-best-time-to-try-best-wallet

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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September 26, 2025 0 comments
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Story Protocol (IP) price down 50% after hitting ATH, will the losses continue?
Crypto Trends

Story Protocol (IP) price down 50% after hitting ATH, will the losses continue?

by admin September 26, 2025



IP price has dropped 48% over the past 5 days as investors booked profits after it hit a new all-time high over the weekend. A confirmed bearish pattern now points to more losses in the coming days.

Summary

  • IP price has dropped over 50% from its ATH hit earlier this month.
  • Profit-taking and the broader market downturn have muted the impact of recent project-related developments.
  • $5.4 stands as a key support level bulls must defend to stop further losses.

According to data from crypto.news, Story Protocol (IP) was trading at $7.59, down 24.5% over the past 24 hours and 48% below its new all-time high of $14.78 reached earlier on Sep. 21.

Notably, Story’s price rallied to its new record high amid renewed community discussion after the project announced it would host the Origin Summit, held on Sep. 23, 2025, in Seoul during Korea Blockchain Week.

The summit, which served as a landmark event at the intersection of AI, intellectual property, and blockchain, brought together speakers and executives from leading entertainment and IP companies such as HYBE and SM Entertainment, alongside major crypto and investment firms, including Polygon, Grayscale, and Animoca Brands, to discuss the tokenization goals of IP through Story’s infrastructure.

Hosting major events like this helps improve a project’s visibility and often draws investor attention, which can translate into stronger support and long-term interest.

Other major developments that supported the rally include the launch of the IP Vault, which helps secure IP data by storing it on-chain, and real-world adoption through high-profile IP partnerships.

Aria, an IP tokenization project built on Story, recently announced plans to tokenize $100 million worth of K-pop IP on the Story blockchain, a move widely seen by the community as a high-profile endorsement of the platform’s real-world potential. With landmark IPs like Pinkfong’s “Baby Shark” also joining the platform, investors likely see this as a sign that Story Protocol is actively powering the tokenization of some of the most recognizable content in global entertainment.

Although these developments helped fuel the rally, their impact was undercut as investors began booking profits. It is quite typical for cryptocurrencies to experience some pullback after strong rallies, especially after an asset hits a new all-time high, as is the case for IP. 

Some of the selling pressure also stemmed from the broader crypto market downturn, which followed a fresh wave of tariffs announced by U.S. President Donald Trump and growing uncertainty over whether the Federal Reserve will move ahead with additional rate cuts this year.

Bitcoin (BTC) and many other top altcoins recorded losses on the day, and the crypto fear and greed index fell deep into ‘fear’ territory.

Crypto traders are now awaiting cues from today’s PCE data release, the Fed’s preferred measure of inflation, which could offer clarity on the central bank’s next move.

On the daily chart, IP price has dropped below the lower trendline of an ascending broadening wedge that has been forming since late August this year. In technical analysis, this bearish reversal pattern develops during an uptrend when an asset’s price records successive higher highs and higher lows within two diverging upward-sloping lines.

IP price has broken below an ascending broadening wedge on the daily chart — Sep. 26 | Source: crypto.news

Following the bearish breakout, Story’s price has dropped below the 50-day simple moving average as sellers began to dominate price action.

Momentum indicators like the MACD were also flashing bearish signals today, with the MACD line crossing below the signal line, which is another telling sign that sellers are currently the dominant force.

Based on these bearish signs, IP remains vulnerable to downside action in the upcoming sessions unless the border market sentiment improves or a major bullish catalyst emerges.

As of press time, the next key support level for IP lies at $5.4, 29% below the current level. If bulls fail to defend this support, it could lead to a deeper correction towards $2.4, which marks the token’s lowest point in June.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.



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September 26, 2025 0 comments
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Curve Finance Founder Michael Egorov Launches Bitcoin Yield Protocol
Crypto Trends

Curve Finance Founder Michael Egorov Launches Bitcoin Yield Protocol

by admin September 26, 2025



Michael Egorov, founder of Curve Finance, has launched Yield Basis, a decentralized protocol built to provide sustainable BTC$109,570.45 yield while eliminating impermanent loss (IL), one of decentralized finance’s longest-running challenges.

Bitcoin holders have long faced limited opportunities for on-chain returns. Lending markets rarely offer more than a fraction of a percent, while automated market maker (AMM) pools have exposed users to IL — the risk of losing value when token prices diverge. Even in favorable conditions, yields rarely topped 1–2%.

Yield Basis tackles this by reengineering the AMM model. The protocol removes IL risk altogether, which Egorov says will enable deeper Bitcoin liquidity on-chain and more attractive yield opportunities for institutional and professional investors. To manage early growth, three pools launched with a $1 million deposit cap each.

The system borrows from Curve’s five years of infrastructure resilience, adopting a vote-escrow mechanism (veYB) for governance. Token holders must lock their YB to participate in governance and earn protocol fees, distributed in either Curve’s crvUSD stablecoin or wrapped Bitcoin. Unlike many DeFi projects, token emissions aren’t simply handed to liquidity providers; they are tied to position yield, a model Egorov calls “value-protecting.”

Yield Basis secured $5 million in early 2025 funding and is the first project to debut on the joint Legion and Kraken launchpad, where the community can access its token sale. While Bitcoin is the initial focus, Egorov says the protocol’s impermanent loss solution could extend to Ethereum, tokenized commodities or even stocks — potentially broadening the scope of yield-bearing assets on-chain.



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September 26, 2025 0 comments
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Crypto Fear & Greed Index Now Echoes $83,000 Bitcoin Price
Crypto Trends

Crypto Fear & Greed Index Now Echoes $83,000 Bitcoin Price

by admin September 26, 2025



Key points:

  • The Crypto Fear & Greed Index is back at levels not seen since Bitcoin traded at $83,000.

  • Analysis wonders whether the BTC price “turning point” is already here.

  • Social media user behavior already suggests that a price rebound should take place next.

Bitcoin (BTC) sentiment collapsed overnight Thursday as the latest BTC price dip forced fresh liquidations.

Fresh data from the Crypto Fear & Greed Index shows that “fear” now drives the mood.

Bitcoin sentiment echoes April lows

Bitcoin, nearing new monthly lows under $109,000, had a near-instant impact on market sentiment.

The Fear & Greed Index, which lags market movements, hit just 28/100 on Friday, marking its lowest levels since April 11. The index fell 16 points in a single day.

Crypto Fear & Greed Index (screenshot). Source: Alternative.me

“MORE fear and a HIGHER price,” crypto YouTube channel host Michael Pizzino summarized in part of an X post on the topic.

Pizzino referred to the emerging divergence between price and sentiment.

The last time that the Fear & Greed Index was below 30/100, BTC/USD traded at around $83,000, days after its recovery from $75,000 lows, data from Cointelegraph Markets Pro and TradingView confirms.

BTC/USD one-day chart. Source: Cointelegraph/TradingView

As a result, accompanying analysis argues that the time is right for a market reversal.

“Could this be the turning point Bitcoin and Crypto has been waiting for? The analysis looks good, but it has not been confirmed,” Pizzino added.

BTC/USDT perpetual contract one-day chart with sentiment data. Source: Michael Pizzino/X

Fear & Greed has been no stranger to erratic moves in 2025. As Cointelegraph reported, in February, the Index collapsed to just 10/100 thanks to macroeconomic uncertainty focused on US trade tariffs.

“Impatience and bearishness” rule BTC price takes

Some signals of an impending BTC price rebound emerged even before the latest dip.

Related: Four reasons Bitcoin is failing to copy all-time highs for gold and stocks

On Tuesday, research platform Santiment showed that social media users were already convinced that lower prices would soon come.

“As usual, social media is vocal on where Bitcoin will head next. Historically, lower price predictions increase the likelihood, and higher predictions imply lower future prices,” it explained to X followers.

Santiment described a “high amount of impatience and bearishness emerging from the retail crowd.”

At the same time, data revealed that large-volume traders were adding exposure in recent days.

Bitcoin price social media activity data. Source: Santiment/X

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.



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September 26, 2025 0 comments
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Vaneck Urges Sec To Update Rules For Tokenized Etfs
Crypto Trends

VanEck Urges SEC to Update Rules for Tokenized ETFs

by admin September 26, 2025



VanEck, a top-10 ETF issuer, met with the U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force on Thursday to discuss how tokenization and staking could fit inside regulated fund structures.

VanEck, which reported $132.9 billion in assets under management as of June 30, 2025, submitted a written agenda and supporting materials ahead of the session. The meeting focused on practical and regulatory questions that arise when traditional funds move onto blockchain systems.

Tokenization and staking on the table

Officials examined the tokenization of exchange traded funds (ETFs), including what it would mean for the issuer that sits behind a tokenized fund. VanEck asked the task force to consider how existing rules apply when fund shares are represented as blockchain tokens and how that might affect investor protections and market structure.

A separate agenda item considered liquid staking tokens. VanEck sought guidance on whether the SEC’s proposed Generic Listing Standards for Commodity and Crypto-Based Exchange-Traded Products apply to staking products, and how exchanges and issuers should handle liquidity risk tied to staking within ETF wrappers.

Wider regulatory questions raised

VanEck also brought up bigger issues it wants regulators to look at, like how decentralized finance (DeFi) platforms, tokenized securities, and ICOs should be handled under today’s securities laws. The firm also suggested that the Advisers Act Custody Rule may need an update so it properly covers the way digital assets are stored and managed.

On custody, VanEck highlighted Multi-Party Computation (MPC) as a practical tool for safekeeping private keys and suggested the SEC consider how technology-driven custody models should be regulated.

Who represented VanEck?

VanEck’s delegation included Wyatt Lonergan (General Partner), Kyle F. DaCruz (Director of Digital Assets Product), Matthew Sigel (Head of Digital Assets Research), Jonathan R. Simon (General Counsel), and Matthew A. Babinsky (Associate General Counsel).

The session is part of an ongoing series of meetings between regulators and market participants as the SEC weighs how to adapt securities rules for crypto-era products. Any guidance or rule changes that follow could affect how fund managers design and list tokenized ETFs.

Also Read: SEC’s Crypto Task Force Meets with SIFMA to Discuss Regulations



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September 26, 2025 0 comments
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Luke Dashjr Reportedly Mulls Bitcoin Hard Fork
Crypto Trends

Luke Dashjr Reportedly Mulls Bitcoin Hard Fork

by admin September 26, 2025


  • Major concerns 
  • History of Bitcoin forks 

Bitcoin Core contributor Luke Dashir is reportedly considering a Bitcoin hard fork in the near future. 

The controversial developer is a loud opponent of increasing the size of  OP_RETURN, arguing that there is no place for non-monetary data on the leading blockchain. Hence, there is no need for optimization. 

He maintains the Bitcoin Knots client, which is an alternative implementation of Bitcoin nodes. 

Initially, Knots came up with filters that specifically block transactions with non-monetary data. 

However, all nodes are required to store data within the same blocks, and the filters implemented by Knots can apply only to unconfirmed transactions. 

Dashir has now acknowledged that merely policing the memoool is not sufficient. 

According to the report, he has proposed setting up a committee that would retroactively alter data on the leading blockchain. However, this would require launching a Bitcoin hard fork. 

Major concerns 

The hard fork would inevitably raise such major concerns as censorship, given that it could potentially lead to all “unfavorable” data being removed. Furthermore, node operators could potentially face criminal liability if they refuse to comply with the committee’s requests. 

The report claims that the messages were verified, but Dashjr is denying the allegations. 

You Might Also Like

Blockstream CEO Adam Back claims that the allegations are “far worse” than he could have imagined. 

According to BitMEX Research, this appears to be an “attack” on the cryptocurrency’s key censorship resistance characteristics. 

History of Bitcoin forks 

When it comes to blockchains, hard forks are used for implementing major protocol changes. 

Since its launch, the Bitcoin network has seen multiple hard forks, including Bitcoin XT, Bitcoin Classic, Bitcoin Cash (the most successful one by far), and Bitcoin Gold. 



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September 26, 2025 0 comments
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Ethereum Trade on Hyperliquid Stands Out as Largest Amid $1B Crypto Liquidations
Crypto Trends

Ethereum Trade on Hyperliquid Stands Out as Largest Amid $1B Crypto Liquidations

by admin September 26, 2025



An ETH$3,953.08 trade on Hyperliquid turned out to be the biggest liquidation hit in the past 24 hours as crypto traders took on more than $1.19 billion in leveraged positions amid a market downturn.

Longs made up nearly 90% of the overall wipeout, per CoinGlass, leaving over 260,000 traders losing money and exposing the market’s bullish overcrowding.

Ether bore the brunt with $448 million in liquidations, followed by BTC$109,488.33 at $278 million. Solana’s SOL (SOL), XRP$2.7715, BNB Chain’s BNB (BNB) and DOGE$0.2274 all saw tens of millions flushed out.

But the single largest trade closure came on Hyperliquid — a $29.1 million ETH-USD long hit which is indicative of the growing role of decentralized perpetual exchanges in driving liquidations.

Bybit handled the most overall liquidations at $311 million, but Hyperliquid followed closely with $281 million, ahead of Binance’s $243 million.

For a relatively recent protocol that operates fully on-chain with no KYC or regulatory firewalls, Hyperliquid’s share of liquidations points to traders piling risk into perpetual decentralized exchanges (DEXs) in size. A 97% long bias further showed how aggressively users were positioned before the flush.

The wave came as sentiment remains fragile and bitcoin sees volatile price action around the $111,000 mark. Spikes in liquidations are often read as clearing events that pave the way for reversals, but with positioning stretched across majors and high-beta tokens alike, downside risks linger.

Meanwhile, some say projects with strong revenue flows could emerge attractive to traders amid an otherwise risk-off mood.

“While crypto markets are down, capital is still rotating from Bitcoin into altcoins, with perpetual decentralized exchanges (Perp DEXs) like Hyperliquid and Aster leading the charge,” said Nick Ruck, director at LVRG Research.

“We expect altcoins to slowly grind upward as investors seek projects that can decouple from macro pressures and continue to grow based on their own utility,” Ruck added.



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September 26, 2025 0 comments
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Euro Stablecoins
Crypto Trends

Nine Banks Unite On Euro Stablecoin, Eye Rollout In H2 2026

by admin September 26, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Nine major European banks have formed a consortium to launch a MiCAR-compliant euro-based stablecoin in the second half of next year.

ING, UniCredit, & Other European Banks Are Coming Together For Stablecoin

As announced in a press release by Italian banking giant UniCredit, the bank is joining forces with eight other major European institutions to launch a stablecoin pegged to the euro.

“This digital payment instrument, leveraging blockchain technology, aims to become a trusted European payment standard in the digital ecosystem,” read the press release.

The stablecoin will have compliance with the European Union’s Markets in Crypto-Assets Regulation (MiCAR), the bloc’s comprehensive framework on cryptocurrencies. MiCAR covers a range of areas, like issuance and custody of digital assets, as well as the operation of platforms related to them.

The full list of banks that have come together to form the consortium for the euro-denominated token includes: ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International.

All of these are major banking players, but two are perhaps particularly prominent: ING and UniCredit. ING is a Dutch multinational bank that’s designated as a Global Systemically Important Bank (G-SIB) by the Financial Stability Board (FSB). G-SIBs are considered to be institutions so ingrained into the world financial order that any disruptions related to them can have widespread economic consequences. Italy’s UniCredit was also included in this category until 2023, when FSB removed it from the list.

The nine banks have formed a new company in the Netherlands, planning to get approval from the Dutch Central Bank as an e-money institution. The press release noted that the consortium is welcoming more banks to join them. The stablecoin, which is currently slated for issuance in the second half of 2026, will be positioned as a real European alternative to the currently US-dominated market.

“At UniCredit, we believe in the importance of a stronger Europe and in the power of constructive dialogue and collaboration,” said Fiona Melrose, Head of Group Strategy and ESG at UniCredit. “By joining this consortium of leading European banks, we are contributing to fill the need for a trusted, regulated solution for on-chain payments and settlement.”

The consortium also intends to appoint a Chief Executive Officer (CEO) in the near future, subject to regulatory approval, to lead the new entity in the Netherlands.

Meanwhile, in the US, stablecoins have been seeing regulatory momentum lately. Just this Tuesday, the Commodity Futures Trading Commission (CFTC) launched an initiative to explore their use as collateral in derivatives markets, a move that could further integrate them into mainstream finance.

Bitcoin Price

Despite nearly making a recovery toward $114,000 on Wednesday, Bitcoin has taken another hit as its price has slipped down to $111,200.

The trend in the BTC price over the last five days | Source: BTCUSDT on TradingView

This change of direction in the cryptocurrency has brought with it liquidations of over $76 million in the derivatives market.

The 24-hour liquidation heatmap for the digital assets sector | Source: CoinGlass

Featured image from Dall-E, CoinGlass.com, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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September 26, 2025 0 comments
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Bitcoin price data. Image: Tradingview
Crypto Trends

Rate Cuts, Options Expiry Put Bitcoin at a Crossroads

by admin September 26, 2025



In brief

  • About $17 billion in Bitcoin options are set to expire Friday, one of the largest on record.
  • Experts warn a break below $108,000 could trigger forced selling and a drop toward $96,000.
  • Softer inflation could ease pressure and open room for a rebound into year-end.

Crypto faces a critical test this week as the quarterly options expiry collides with a key U.S. inflation reading, a convergence that could determine whether the rally gains momentum or falters.

Roughly, $22.3 billion in crypto options will expire as the third quarter comes to a close on Friday, according to options exchange Deribit. Out of which, Bitcoin options with a notional value of $17.06 billion are set to expire.

Greg Magadini, director of derivatives at options analytics platform Amberdata, told Decrypt that the current Bitcoin expiration cycle is “the largest on the board.”



Dealer positioning shows “a lot of short gamma at $109,000 and $108,000,” he said, pointing to a situation that requires those price levels to hold to prevent a sharp move downward.

Bitcoin’s short-term moves depend heavily on options dealers and large institutions that hedge their positions in real-time. Their exposure to “gamma,” a measure of how quickly hedges must adjust, can either amplify price swings or help steady them.

A short gamma position means dealers could be forced to sell into a declining market, exacerbating a drop.

Data shows that $108,000 has become critical for Bitcoin traders. A failure to hold above this level could trigger an automated selling cascade, independent of the August Core PCE release, Decrypt was told.

Considering the dealer’s short gamma positioning and volatility around 35%, Magadini expects a drop below $108,000 to trigger a “two standard deviation move to $96,000,” especially if the markets are weak.

Bitcoin is currently trading at $109,100, having clocked a 3.8% loss on Thursday. In total, the top crypto has shed 6.50% over the past week, CoinGecko data shows.

All eyes are now on the Core PCE release, scheduled for 8:30 a.m. ET today, which remains sticky around 3%. The month-over-month forecasts sit around 0.2%, slightly lower than last month’s 0.3%.

A hotter-than-expected release could strengthen the dollar’s recent bounce and exacerbate Bitcoin’s ongoing correction, experts previously told Decrypt.  

However, a softer Core PCE could form a “pin from options expiry” that could “loosen and allow a sharp upside move,” Maja Vujinovic, CEO and Co-Founder of Digital Assets at FG Nexus, a Nasdaq-listed company focused on accumulating and generating yield on Ethereum, told Decrypt.

Despite the short-term, jumpy reaction around inflation report releases, she expects a constructive fourth quarter for crypto markets, driven by demand for spot exchange-traded funds and improving liquidity. 

Magadini echoed Vujinovic’s outlook, noting that there is downside risk in the short term, driven by uncertainty over the Fed’s path and weakness in risk assets. 

“Long-term, I expect prices to be drastically higher…should Fed inflation fighting stop…I could easily see Bitcoin start to trade above $250,000.”

Options data also support Bitcoin’s long-term bullish sentiment, evidenced by heavy buying of year-end call options with $120,000 and $140,000 strikes.

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