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Gate Research: Implied volatility remains high; Gate exclusively launches rolling sell option tool.

Gate Research: Implied volatility remains high; Gate exclusively launches rolling sell option tool.

PANews reported on December 11th that, according to Gate Research, implied volatility (IV) in the options market remained high this week, with BTC and ETH IV at 46% and 70%, respectively. In terms of skewness structure, BTC skew across all maturities converged to approximately -5 vol this week, while ETH showed structural divergence and increased short-term hedging demand. Meanwhile, ETH forward skew remained relatively stable, while BTC maintained a steeper downside protection demand. The largest cumulative transaction was a buy of BTC-131225-90000-P and a sell of BTC-131225-98000-C, totaling approximately 1,000 BTC with a net premium expenditure of approximately $170,000. Gate has exclusively launched a convenient options trading tool – the Rolling Sell Options product – which helps users automatically and continuously sell options within a set period. Users can customize the Delta/Strike contract selection, expiration date setting (T+1/T+2/T+3), sell price execution method, quantity, and optional profit-taking and stop-loss parameters. The strategy will automatically execute the opening position daily and seamlessly continue to the next period after expiration, achieving fully automated operation. This feature supports clear risk indicator display, margin estimation, expected trading path, and other auxiliary information to help users manage strategy execution more intuitively.
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Author: PANews2025/12/11 16:34
The quiet edges where BTC mining changes

The quiet edges where BTC mining changes

The post The quiet edges where BTC mining changes appeared on BitcoinEthereumNews.com. Homepage > News > Business > The quiet edges where BTC mining changes The aspects that truly matter in BTC mining often go unnoticed. Most of the time, people at mining events spend their time arguing over hash rate charts or discussing the switch to AI-powered work. However, the changes that actually make a difference tend to occur off to the side, in conversations that don’t receive much attention. A few weeks ago, three separate things came up that aren’t going to show up in headlines, but they’re the kind of developments that will matter a lot when block rewards get cut in half again. One of them was a fire. A large mining site in Texas experienced a transformer failure, followed by a subsequent fire. The whole facility was down for three days. Nobody was hurt, but the insurance companies reacted fast. Operators began receiving renewal quotes with significantly higher premiums. One person running 200 megawatts of capacity saw his insurance costs rise by 18% almost immediately. After that, mining companies across the country began buying additional safety equipment and seeking more expensive transformers that were less likely to fail. One incident forced everyone to spend money on things they hadn’t planned for. A few days later, a firmware update called Mujina was released. For a long time, if you wanted to get more performance out of your mining machines, you were stuck with whatever software came from the manufacturer. Obtaining updates or customizations was difficult and slow. This new firmware is open source. Operators can install it themselves and adjust it to optimize its performance with their specific equipment. Someone I talked to took a group of older machines that were about to be retired and installed the new firmware. After a few weeks, those machines were producing…
Crypto Tanks After Fed Cut: Santiment Breaks Down The Trap

Crypto Tanks After Fed Cut: Santiment Breaks Down The Trap

Crypto markets lurched lower after the Federal Reserve delivered exactly what everyone said they wanted: the third straight 25bps cut to close out 2025. Santiment’s latest deep dive makes a simple, slightly uncomfortable point: retail treated it as a green light, whales treated it as exit liquidity. Bitcoin shortly rallied to $94,044, Ether surged to $3,433, XRP hit $2.10 and Solana managed to reach $142, but the momentum was short-lived. The BTC price fell by more than 5% at one point, ETH even fell by more than 8.5%. What Caused The Crypto Market Plunge? On 11 December, the FOMC confirmed another quarter-point reduction, completing what Santiment calls the “trifecta of cuts at the end of 2025.” Lower rates mean cheaper borrowing, more risk-taking, and—on paper—a friendlier backdrop for crypto. The Fed still describes an economy growing at a “moderate” pace with inflation above target, and in both the October and December meetings it cut because “the balance of risks (like slowing job growth) supported easing policy.” Related Reading: Will The Crypto Market Benefit From The Trump Fed Takeover? The key shift is liquidity. On 29 October, the Fed decided to slow the reduction of its securities holdings from 1 December, easing the pace of balance-sheet runoff. By 10 December, it went further, saying bank reserves had fallen “too much” and announcing renewed purchases of short-term Treasury bills to keep reserves “ample.” That is a move from shrinking the balance sheet to quietly adding money back into the system. As Santiment notes, the Fed is still data-dependent but clearly more willing to lean dovish to protect financial conditions. Markets, however, front-ran the story. Prediction platform Polymarket showed an “overwhelming amount of optimism” in the hours before Jerome Powell spoke. At the same time, on-chain data flagged abnormal activity: @DeFiTracer spotted a whale selling roughly 100 million dollars’ worth of Bitcoin within an hour, triggering “a healthy mix of sensationalized panic.” The expected outcome—another cut—arrived, but positioning around it was anything but balanced. Bitcoin’s price reaction looked bullish at first. BTC spiked to about $94,044 after the announcement. Yet Santiment’s social data shows that the positive-versus-negative commentary ratio for Bitcoin had already peaked well before Powell’s remarks. The crowd’s emotional high came in anticipation; when the actual rally hit, traders were “quite modestly reactive” despite the move to 94K. Sentiment was spent. Ethereum was worse. Over the same 24-hour window, ETH surged to around $3,433, and the positive comment ratio “was a LOT more interesting.” Santiment describes “a lot of FOMO after a mini surge immediately after Powell spoke,” with many traders who bought the breakout “eventually [getting] burned when ETH fell back down to 3,170.” It is the textbook “buy the rumor, sell the news” pattern: bullish macro headline, short-term bearish price action, retail buying the spike while larger holders “gladly” offload into the mini-rally. Related Reading: Crypto Market Structure Talks: Senator Lummis Addresses Latest Legislation Plans Structurally, though, the report is not outright bearish. Year-to-date, Santiment notes, Bitcoin is down about 3.6%, versus a 17.6% gain for the S&P 500 and a striking 61.1% for gold. “It’s quite the dramatic difference,” the team writes, arguing that “a regression to the mean for BTC would be justified.” With three cuts now locked in and reserves being topped up via T-bill purchases, the “catch-up” case for crypto versus equities and metals “becomes even stronger.” Historically, crypto “has reacted later than equities or commodities when macro trends shift.” On-chain, so-called smart money appears to be acting as if that delayed reaction is coming. Wallets holding 10–10,000 BTC have added 42,565 Bitcoin since 30 November. What is “still [remaining],” Santiment says, is “a notable dump from retail, which would be indicative of the perfect recipe for a major bull run.” For now, they expect smaller traders to “run on fumes from this positive news of rates getting cut, for at least a couple of days.” The bottom line of the report is deliberately sober. The final FOMC decision of 2025 “reinforces a narrative of gradual easing, improving liquidity, and a cautiously supportive environment for risk assets.” After a rough year, “ending the year with three consecutive rate cuts from the Fed is a strong sign.” If inflation drifts toward target and economic data stays stable, Santiment argues, 2026 could finally give digital assets “the breathing room they’ve been waiting for.” Just do not confuse that with an invitation to chase the first post-Fed spike—because, as this week just reminded everyone, that is still where crypto tourists go to get burned. At press time, the total crypto market cap was at $3.04 trillion. Featured image created with DALL.E, chart from TradingView.com
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Author: NewsBTC2025/12/11 16:00
Bloomberg analyst: BTC may fall below $84,000 by the end of the year; a "Santa Claus rally" is unlikely.

Bloomberg analyst: BTC may fall below $84,000 by the end of the year; a "Santa Claus rally" is unlikely.

PANews reported on December 11th, citing CoinDesk, that FxPro senior market analyst Alex Kuptsikevich stated that since November 21st, BTC has shown a gradual upward trend with localized highs and lows, but for the rebound to confirm the start of capitalized growth, the total market capitalization needs to surpass $3.32 trillion. Currently, the global cryptocurrency market capitalization is approximately $3.16 trillion, up 2.5% from the beginning of the week, but still below the previous high of $3.21 trillion. According to CoinGlass data, leverage was the primary reason for the decline in BTC price. In the past 24 hours, $376 million in long positions were forcibly liquidated, nearly three times the amount of short liquidation. Despite the Federal Reserve's announcement of another interest rate cut on Wednesday, expectations of fewer rate cuts over the next two years limited market support. QCP Capital predicts that BTC will fluctuate between $84,000 and $100,000 by the end of the year, while Bloomberg analyst Mike McGlone warns that a new "Santa Claus rally" may not materialize, and BTC could fall below $84,000 by the end of the year. Currently, the market is focused on whether BTC can hold the $90,000-$91,000 support zone. A break below this level could test the bottom of the current range, while a hold above it could lead to another challenge of the $94,000 resistance level. Previous reports and analysis indicated that the market is awaiting next week's FOMC meeting, with expectations that leadership changes will lead to a more dovish stance.
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Author: PANews2025/12/11 15:44
Crypto Market to Crash? Here’s What Bitcoin On-Chain Data and BTC Options Signal

Crypto Market to Crash? Here’s What Bitcoin On-Chain Data and BTC Options Signal

The post Crypto Market to Crash? Here’s What Bitcoin On-Chain Data and BTC Options Signal appeared on BitcoinEthereumNews.com. Bitcoin price slipped to $89K lows in Asia hours, dragging the broader crypto market lower. The crypto market cap tumbled from $3.22 trillion to $3.06 trillion, erasing $160 billion after the Fed cut rates by 25 bps as expected. ETH price plunges nearly 4% to a low of $3,170. Other top altcoins such as XRP, Solana, BNB, Dogecoin, Cardano, and Zcash fell 4-8%. Will the crypto market crash in response to FOMC dissent, bearish signals in derivatives markets, and negative on-chain data? FOMC and Powell’s Hawkish Comments Rattle Bitcoin and Crypto Market The latest FOMC meeting reignited concerns about the Federal Reserve’s monetary policy trajectory, with some Fed officials dissenting from a 25 bps rate cut. Moreover, the Fed announced it will purchase treasury bills up to $40 billion within 30 days, starting this Friday. Moreover, Fed Chair Jerome Powell said the Fed would pause further rate cuts heading into the January 2026 FOMC meeting. The FOMC monetary projection showed expectations of only one Fed rate cut by 25 bps in 2026, after three cuts this year. This hawkish outlook  pressured risk assets, causing Bitcoin price to tumble to $89K and the crypto market to foresee a crash. The Fed claimed the $40 billion in T-bills purchase isn’t quantitative easing (QE). However, this actually shows stress in the money market, which has driven gold prices higher. As CoinGape reported earlier, the Fed is injecting billions of dollars into the banking system to ease liquidity concerns through repo operations. Notably, this was the second-largest liquidity injection since the COVID pandemic. The Big Short” Mike Burry said the US banks are getting weaker amid the repo market volatility, signaling another banking crisis. So the Fed is now buying Treasuries again. $40 billion of bills a month…@FTAlphaville covers it well. And with a…