Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
The Giant Just Stopped Buying Bitcoin. Here is Why it Matters. 👀
The crypto market is in a very weird spot right now. Bitcoin is just bouncing around the $66,000 level, and no one seems to know which way it wants to go next.
On one side, big companies keep telling everyone that Bitcoin is the future and that it is going much higher. But on the other side, there is a lot of bad news in the world right now regarding global politics and conflicts. This makes regular traders nervous, so short-term confidence feels very low.
But here is the biggest news of the day: The largest company that buys Bitcoin just stopped their buying streak. For 13 weeks straight, they were buying millions of dollars worth of Bitcoin almost every single week. Then, suddenly, they stopped.
What does this mean? Do they think Bitcoin is going to crash?
Not necessarily! It does not mean they are scared or selling their coins.
To understand why they stopped, you have to know how they buy. This company doesn't just use cash in a bank account. They use complex math by selling pieces of their own company to get money to buy Bitcoin. Right now, because the stock market and crypto are acting a bit crazy, that math doesn't work out perfectly for them. So, they are simply choosing to wait.
But even though it is just smart math, it tells us something very important: Even the biggest bulls in the world are not willing to buy Bitcoin at just any price. They are being careful.
Without their massive buying power pushing the price up every week, it leaves a big question for the rest of us.
$BTC