CBOE is considering converting Bitcoin and Ethereum continuous futures contracts into perpetual futures contracts.
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Santiment: Bitcoin and Ethereum exchange supply is near all-time lows, reflecting increased investor confidence.
PANews reported on July 8 that, according to Cointelegraph, Santiment data shows that the supply of Bitcoin and Ethereum on exchanges is near all-time lows, with Bitcoin at its lowest level since 2017 and Ethereum at its lowest level since 2015, reflecting increased investor confidence.
Crude oil futures main contracts collectively strengthened
According to Odaily data, crude oil futures contracts collectively strengthened, with SC crude oil rising 5.08% to 461.7 yuan/barrel. Low-sulfur fuel oil (LU) rose 5.59% to 3983 yuan/ton. Fuel oil rose 5.44% to 3083 yuan/ton. Asphalt prices narrowed their decline to 1.04% to 3805 yuan/ton.
Today, US Bitcoin ETFs saw a net inflow of 4,026 BTC, and Ethereum ETFs saw a net inflow of 11,955 ETH.
According to Lookonchain Odaily, the US Bitcoin ETF saw a net inflow of 4,026 BTC today, compared to a net outflow of 1,661 BTC over the past 7 days; the Ethereum ETF saw a net inflow of 11,955 ETH, compared to a net inflow of 20,570 ETH over the past 7 days.
Peter Brandt: Considering selling some Bitcoin to buy gold
According to Mars Finance, on July 7th, Peter Brandt, the renowned trader and chart analyst who successfully predicted the 2018 Bitcoin crash, announced that he is considering selling some of his Bitcoin and redirecting the proceeds to gold. Based on current trends, gold may see a significant rise relative to Bitcoin.
Data: Today, the US Bitcoin ETF saw a net inflow of 3,774 BTC, and the Ethereum ETF saw a net inflow of 498 ETH.
According to Mars Finance, Lookonchain monitoring shows that the US Bitcoin ETF saw a net inflow of 3,774 BTC today, compared to a net outflow of 10,837 BTC over the past 7 days; the Ethereum ETF saw a net inflow of 498 ETH today, compared to a net inflow of 15,393 ETH over the past 7 days.
Analysts: Bitcoin futures premium and open interest index both turned positive, indicating a recovery in leverage demand.
PANews reported on July 6th that CryptoQuant analyst Axel Adler Jr. released a report indicating signs of improvement in the Bitcoin futures market: futures prices are higher than spot prices for the first time in a month, and the basis returned to positive territory in early July after hitting a low of -0.40% in the third week of June; the 30-day moving average of the open interest index has also turned positive, reflecting a surge in long positions over the past few days and a return of risk appetite. However, the analyst stated that the improvement in both indicators is still relatively shallow—the premium is only slightly above zero, and the open interest index has shown signs of cooling in the last two days. The current state is closer to normalization than a trend reversal, and a sustained positive basis and positive open interest are needed to confirm a shift in the market pattern. The main risk lies in the failure of the early return of leveraged demand to be sustained, which could instead trigger a new round of market consolidation.