ChainCatcher news, according to Jinshi reports, Tesla's stock price has plummeted 52% from its historical high in mid-December 2024, and even the high-profile support from U.S. President Trump has failed to reverse market sentiment. On Tuesday, Trump purchased a red Model S to send to the White House, causing Tesla's stock price to rebound 3.8% after a 15% drop on Monday. However, investors are concerned that this stock price crash is far from over, as Tesla has now given back all its gains since the election.Brian Mulberry, a portfolio manager at Zacks Investment Management, stated, "This stock is now trading on sentiment, and downward pressure is dominating; in the short term, it could easily drop to $200 or even lower." In the past week, at least four analysts have downgraded Tesla's target price, and two long-term bullish analysts have issued warnings about poor sales.Tesla faces multiple challenges: the hope for a full self-driving or autonomous taxi update is unlikely in the near term; Musk's focus on government efficiency work is distracting; the Republican government opposes electric vehicle policies; global sales are declining; and Musk's political involvement is damaging the brand image. Despite retail traders net buying $2.8 billion in Tesla stock since last Tuesday, market confidence remains low.As of Monday's close, Tesla's forward price-to-earnings ratio is 75 times, far exceeding the average of 25 times for the "Big Seven" tech stocks and the average of 20 times for the S&P 500 index. The options market indicates that the one-month implied volatility has reached its highest level since the end of 2022, when Tesla's stock price had fallen to around $100.

ChainCatcher news, according to Cointelegraph, analysts warn of a potential "huge sell-off" for Bitcoin as it fails to break through a key resistance level. Bitcoin has dropped 15% after reaching an all-time high of around $108,365. With the rising market share of USDT, analysts predict that Bitcoin may face further downward pressure. Analyst The ForexX Mindset points out that the rebound in USDT market share (USDT.D) and its negative correlation with Bitcoin could trigger a sell-off.Currently, Bitcoin is trading close to $96,000, and if it corrects further, its downward target may be the 20-week exponential moving average (EMA), around $81,500. If it breaks below this level, it may test the 50-week EMA at approximately $67,700.

ChainCatcher news, GSR analysts point out that Bitcoin's unpredictable price fluctuations are still primarily driven by market sentiment rather than fundamental factors. The monetary policies of the Federal Reserve and the Bank of Japan are worth noting, and the upcoming economic data or market information from the U.S. is also worth paying attention to, as the U.S. is moving towards a soft landing, which GSR believes is a positive catalyst for cryptocurrencies.Another factor that may put pressure on Bitcoin is the potential sale of nearly 69,000 Bitcoins (worth about $4.2 billion) by the U.S. government, which were seized from the Silk Road market.GSR analyst Brian Rudick warns investors not to overlook the potential impact. "This could create some downward pressure on the market." Additionally, market observers are now focusing on four key factors that could influence Bitcoin's price: the U.S. elections, central bank monetary policies, the U.S. economy, and the U.S. government's potential sale of Bitcoins seized in the Silk Road case.

ChainCatcher news, Greeks.live macro researcher Adam posted on the X platform that 89,000 BTC options are about to expire, with a Put Call Ratio of 0.64, a maximum pain point of $59,000, and a nominal value of $5.8 billion. 718,000 ETH options are about to expire, with a Put Call Ratio of 0.47, a maximum pain point of $2,500, and a nominal value of $1.9 billion.Adam further analyzed that today is the delivery day for the third quarter, and the cryptocurrency market has experienced a strong rebound over the past three weeks, mainly due to the Federal Reserve's 50 basis point rate cut policy, which has significantly boosted market confidence. As the third quarter comes to an end, historical data shows that the fourth quarter usually performs well. This year's fourth quarter will face the U.S. elections and two anticipated rate cuts, bringing abundant trading opportunities to the market.During the quarterly delivery period, a large amount of position shifting and margin release has led to low implied volatility (IV) across major maturities. With the end of the quarterly delivery, IV still faces downward pressure. Therefore, Adam believes that the next two weeks will be a good time to position for the fourth quarter market.

ChainCatcher news, Greeks.live analyst Adam released a preview of the major events that Bitcoin investors should pay attention to this week (August 19 to 25). The most important macro event this week is the Jackson Hole Global Central Bank Annual Symposium starting on Thursday.The news related to the yen interest rate hike and the dollar interest rate cut is highly anticipated, as the Bank of Japan and the Federal Reserve will deliver important speeches that will influence the direction of the entire capital market. Several important monetary policy meeting minutes will also be released this week. Here are the daily highlights:On Tuesday (August 20), the Reserve Bank of Australia will release the minutes of the August monetary policy meeting, and Swiss National Bank President Jordan will give a speech.On Wednesday (August 21), 2024 FOMC voting member and Atlanta Fed President Bostic will speak.Thursday (August 22) is the busiest day of the week, with the U.S. releasing the initial jobless claims for the week, and the Federal Reserve and the European Central Bank releasing their monetary policy meeting minutes. The Jackson Hole Global Central Bank Annual Symposium will also kick off on the same day.On Friday (August 23), Bank of Japan Governor Ueda and Finance Minister Suzuki will attend a parliamentary hearing, and Federal Reserve Chairman Powell and Bank of England Governor Bailey will speak at the Jackson Hole symposium.Adam stated that the cryptocurrency market remains weak, but the risk of a crash has been alleviated, and market confidence has somewhat recovered. The implied volatility for major maturities continues to decline, currently at a moderate level, with downward pressure still present this week. The cryptocurrency market has maintained a wide range of fluctuations since March, with Ethereum still performing poorly. Adam suggests that investors consider buying short-term options at appropriate implied volatility levels to bet on the "sell the news" effect of the central bank symposium.

ChainCatcher news, Greeks.live macro researcher Adam released this week's major events on the X platform.After a week of adjustment, the market has recovered from the impact of the Bank of Japan's interest rate hike. Recent dovish comments from the Bank of Japan have also boosted market confidence. Despite continuous bearish news, market sentiment is relatively optimistic this week. The macro focus has shifted back to U.S. economic data, with the probability of a rate hike in September continuing to rise, which has provided some confidence to the market. If this week's data further instills confidence in rate hikes, the rebound will likely continue.After a week of panic sentiment release, market confidence has recovered significantly, so implied volatility (IV) across major maturities has decreased compared to last week. Currently, IV remains at a relatively high level, and there is still significant downward pressure this week. The cryptocurrency market continues to maintain a wide-ranging fluctuation trend that has formed since March, with ETH being relatively sluggish and experiencing a sharp decline in exchange rate.Major Events This Week:8/13 TuesdayTrump accepts a major interview with Musk;U.S. July PPI;8/14 WednesdayU.S. July CPI;Reserve Bank of New Zealand interest rate decision;8/15 ThursdayU.S. initial jobless claims for the week;U.S. July retail sales month-on-month;2025 FOMC voter, St. Louis Fed President Bullard speaks on the U.S. economy and monetary policy;8/16 Friday2024 FOMC voter, Richmond Fed President Barkin participates in a fireside chat;The U.S. Democratic Party launched the "CryptoforHarris" campaign to counter Trump;

ChainCatcher news, according to Cointelegraph, the stock prices of the "Big Seven" in the U.S. have significantly dropped, which may bring greater downward pressure on Bitcoin prices. The "Big Seven" refers to several high-performing tech stocks, including Nvidia and Microsoft. On August 5, during regular trading, these stocks collectively lost over $650 billion in market value.Cryptocurrency insiders believe that the renewed decline of leading tech stocks could lead to a drop in Bitcoin prices, as there is documented correlation between stock market performance and cryptocurrency value; as major tech stocks decline, investor sentiment typically shifts towards alternative assets, including Bitcoin.

ChainCatcher news, according to The Block, Bitfinex pointed out in its latest report that long-term holders of Bitcoin are realizing profits again, and more profit-taking by long-term holders could exert significant short-term downward pressure on Bitcoin's price.Bitfinex analysts stated that long-term holders who had paused profit-taking since early May seem to have started selling their held assets again, and the continued high profit realization by long-term holders indicates a fragile near-term outlook for Bitcoin.

ChainCatcher news, according to Bitcoin.com, gold advocate and economist Peter Schiff expects explosive increases in gold and silver prices, encouraging investors to "take advantage of what may be the largest precious metals bull market in history."Peter Schiff also reiterated his pessimistic view on Bitcoin. He stated, "Bitcoin is dead money. Sell it before it gets buried. Four months ago, when the Bitcoin (spot) ETF was launched, there were no sellers, only buyers. But now many investors hold these ETFs, and the potential supply of sellers is large. However, as new buyer demand decreases, the outflow of funds from the ETFs will soon put significant downward pressure on Bitcoin."

ChainCatcher news, Greeks.live researcher Adam posted on social media this week's outlook for the cryptocurrency market, stating that Bitcoin's volatility has significantly decreased over the past week, while the largest quarterly settlement in history has released a large amount of margin. However, the implied volatility (IV) for major expirations has not shown a significant decline, and Dvol remains high. Dvol is facing considerable downward pressure, and the IV for major expiration options, led by mid to short-term options, is likely to gradually decrease. In the cryptocurrency interest rate market, Bitfinex spot whales are continuously increasing leverage, and the green leaf interest rate market is becoming active again. Friends with idle funds can start increasing their lending in green leaf recently.In previous news, Deribit launched the Bitcoin Volatility Index DVOL, which calculates a 30-day annualized volatility measure using the implied volatility smile of options with relevant expiration dates.

ChainCatcher news, JPMorgan stated that as the profit-taking of the Grayscale Bitcoin Trust (GBTC) has basically ended, the downward pressure on Bitcoin prices has eased. The analyst team led by Nikolaos Panigirtzoglou indicated that since the conversion to a spot Bitcoin ETF two weeks ago, GBTC has seen an outflow of $4.3 billion, exceeding JPMorgan's previous estimate of about $3 billion in outflows. Therefore, it can be concluded that the profit-taking of GBTC has essentially ended, which also means that most of the downward pressure on Bitcoin from this channel should have passed. However, if the 1.5% fee of GBTC is not reduced soon, the fund may experience continued outflows and lose market share to competitors.Additionally, analysts noted that although at first glance, the launch of a spot Bitcoin ETF may seem to fragment liquidity, in reality, if guided by the experience of ETFs in traditional asset classes like stocks, a spot ETF will actually increase market depth and liquidity. Therefore, it is expected that the emergence of a spot Bitcoin ETF will make the price discovery process for Bitcoin more efficient.

ChainCatcher news, led by JPMorgan analyst Nikolaos Panigirtzoglou, stated in a recent report that GBTC investors continue to take profits, and Bitcoin prices may face greater downward pressure in the coming weeks. It is reported that last week, with GBTC converting to a spot Bitcoin ETF, over $1.5 billion in funds have flowed out. JPMorgan estimates that due to speculative investors potentially taking profits, outflows from GBTC could reach as high as $3 billion.In this regard, JPMorgan analysts stated, "If the previous estimate of $3 billion proves to be correct, and considering the $1.5 billion that has already flowed out, there could be another $1.5 billion in funds flowing out through GBTC profit-taking, which could further pressure Bitcoin prices in the coming weeks."