Sota Watanabe Says October Will Be Great: Bitcoin Bulls Stack $100,000 Bets

Bitcoin has to climb nearly 20% in four days for the biggest bets on the options market boards to pay off. Traders stacked them anyway.  Roughly $16.07 billion in Bitcoin (BTC) options expire Friday. The heaviest bullish positions sit at $90,000 and $100,000. Bitcoin trades near $81,292.  Sponsored  Sponsored  \Bitcoin Options Market for Contracts Expiring Friday. Source: DeribitThe Money Sits Well Above the Price  A call pays out when the price rises past a set level. A put pays out when it falls. Fridays expiry holds 121,676 calls against 68,333 puts, Deribit data shows. That works out to a put/call ratio of 0.56. Close to two bullish contracts for every bearish one.  The single biggest call cluster sits at $85,000, about 5% above the current Bitcoin price. Stacks at $90,000 and $100,000 follow. A few reach $125,000, which would take a 54% rally.  The largest put cluster sits at $70,000, a level Bitcoin cleared last week.  Bitcoin (BTC) Price Performance. Source: TradingViewEvery Call Has a Seller on the Other Side  Here is what the chart does not show. Open interest counts contracts still alive. It says nothing about who is winning. Somebody bought each of those calls. Somebody sold them.  Sponsored  Sponsored  Max pain for Friday sits at $73,000. That is the

09-21Industry

Why Thousands of Identical $5,500 Trades Put Kalshi in the Spotlight

Thousands of identical $5,500 trades on Kalshis ether futures market have triggered accusations that the exchange inflates its crypto volume. Kalshi denies wash trading.  Kalshi is a US exchange regulated by the Commodity Futures Trading Commission (CFTC). It runs prediction markets and, since June, futures contracts tied to crypto prices.  Sponsored  Sponsored  Kalshi Wash Trading Claims Center on One Order Size  Beni, a former quantitative trader and co-founder of research firm Stealth Neolab, pulled trade records from Kalshis public data feed. One order size dominated the tape.  uh guys  Ive been made aware that if @Kalshi itself participated in, directed, or knowingly incentivized the kind of activity described in my post below, it could potentially amount to fraud or market manipulation  Congratulations   We did it   (I am still not done tho) https://t.co/SC4OcbLN30  — Beni (@beniduboss) September 21, 2026  He counted roughly $539 million of 24-hour volume in the ether perpetual market against about $3.1 million of open interest. Open interest measures the value of positions still held open.  “On ETH the exact same $5500 trade size keeps appearing over and over again… it literally made up 48%-58% of ALL ETH PERP volume on 4 separate days,” said Beni.  Those numbers cannot be rebuilt exactly after the fact because the trading data changes

09-21Industry

MicroStrategy Ends Two-Week Pause With 950 Bitcoin: Is the Buying Engine Stalling?

Strategy, formerly MicroStrategy, added 950 Bitcoin (BTC) in the week to September 20 and repurchased $174 million of its own preferred stock over the same stretch. Total holdings now sit at 846,000 BTC.  The buy ends a two-week gap in accumulation. At the $81,200 bitcoin price Strategy used in Mondays filing, the 950 coins are worth roughly $77 million.  MicroStrategy Bitcoin Holdings. Source: Strategy  Sponsored  Sponsored  How the MicroStrategy Bitcoin Purchase Compares With August  The company‘s previous acquisition landed on August 31, when it ended a 10-week pause with 4,603 BTC bought for $369.7 million at an average of $80,318 a coin. In dollar terms, last week’s purchase is about 79% smaller.  Strategy has acquired 950 $BTC and repurchased $174M of $STRC. As of 9/20/26, we hold 846,000 BTC and $6.09B of USD Assets. $MSTRhttps://t.co/FhbTcblJOi  — Strategy (@Strategy) September 21, 2026  Executive Chairman Michael Saylor teased the buy on Sunday with a post reading “A little more orange.”  Bitcoin has since climbed above the level Strategy used in its own math. The asset traded near $85,020 on Monday, up almost 6% over 24 hours.  Sponsored  Sponsored  Bitcoin Price Performance. Source: BeInCryptoWhy the Preferred Buyback Cost More Than the Bitcoin  The $174 million went to Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), a

09-21Industry

Tom Lee Says Institutions Are Still Underweight Crypto After Latest BitMine ETH Buy

BitMine bought another 27,562 ether last week. It now holds 5.98 million of the tokens, worth about $16.3 billion. However, they still cannot reach the 5% of Ethereum (ETH) supply it has chased for 15 months.  Chairman Tom Lee says large investors are still underinvested in crypto and will pile in before the year ends. The stock market values his company at less than the crypto it already owns.  BitMine Buys Ether Every Week and the Finish Line Keeps Moving  BitMine describes itself as a company built to accumulate crypto for the long term. It has bought ether every single week since June 30, 2025, and says it is 98% of the way to owning 5% of every ether in existence.  Sponsored  Sponsored  ????  1/  BitMine provided its latest holdings update for September 21, 2026  $17.1 billion in total crypto + “moonshots”:  – 5,983,940 ETH at $2,688 per ETH (per @coinbase)  – 212 Bitcoin (BTC)  – $180 million stake in Beast Industries @MrBeast  – $105 million stake in Eightco Holdings…  — Bitmine (NYSE-BMNR) $ETH $BMNP (@BitMNR) September 21, 2026  However, ether has no supply limit. New tokens are minted constantly, so the 5% mark climbs while BitMine runs at it.  BeInCrypto flagged this in August. Back then, BitMines push toward 5% was roughly 251,000 tokens short

09-21Industry

Claude AI Predicts Bitcoin's Next Target as Saylor's Strategy Buys

Bitcoin (BTC) is back above $85,000 for the first time in eight months, and Michael Saylor is buying again. Claude AI Predicts that this breakout rests on firmer ground than the failed rallies earlier this year, with ETF demand, corporate buying, and a clean technical break all pointing the same way. BTC is trading near $85,200, up almost 6% in 24 hours.  Strategy has acquired 950 $BTC and repurchased $174M of $STRC. As of 9/20/26, we hold 846,000 BTC and $6.09B of USD Assets. $MSTR https://t.co/hP4yLlKlOE  — Michael Saylor (@saylor) September 21, 2026  The move comes just days after a brutal week for crypto. The Senate blocked the CLARITY Act and the Federal Reserve raised rates for the first time since 2023, briefly pushing Bitcoin below $75,000. Instead of breaking down, BTC recovered fast, and todays rally has carried it through the resistance that capped every rebound since spring. The volume backs it up: $44 billion traded in 24 hours, with the market cap back at $1.71 trillion. Short sellers were caught out, with more than $260 million of short positions liquidated in a single hour.  Supercharge Your Trading in 2026 With BloFin AI Trading BotsWhy Are Saylor and ETF Investors Buying Bitcoin Again?  Over

09-21Industry

Crypto bull market has begun, Tom Lee says as Bitmine nears 6M ETH

Bitmine chairman Tom Lee has said a crypto bull market is underway and could strengthen in the fourth quarter as the Ethereum treasury company added another 27,562 ETH worth roughly $75 million.  SummaryTom Lee says the crypto bull market began in late June and expects institutional exposure to increase during the final three months of 2026.Bitmine bought another 27,562 ETH worth roughly $75 million, taking its Ethereum treasury to nearly 5.98 million tokens.Lee said ETH has outperformed other macro assets by 6,519 basis points this quarter and could see a stronger move in Q4.Bitmine now has more than 5.06 million ETH staked, representing roughly 85% of its total Ethereum holdings.  According to Bitmine Immersion Technologies, Lee believes the bull market began in late June, supported by capital rotating from artificial intelligence stocks into crypto, stronger fundamentals around tokenization and AI, and what he described as the end of the four year crypto cycle.  “We believe a crypto bull market is underway, having started in late June, driven by a multitude of factors including the rotation from AI back to crypto, strengthening crypto fundamentals centered around both tokenization and AI and lastly, the ending of the 4-year cycle,” Lee said.  His comments accompanied Bitmines latest

09-21Industry

Bitcoin’s $84K rally isn’t saving miners as difficulty signals already flash caution

Bitcoins post-retarget relief for miners was real, but narrow.  Related Asset Bitcoin #1 BTC · $86,078.14 24-hour change: up 6.46% Loading price history… 24H Up 6.46% 7D Up 9.87% 30D Up 11.73%  Using a BTC price of $84,751, the completed difficulty increase and the latest gross hashprice is about $40.31 per petahash per second per day. That is roughly 2.65% above the prior modeled baseline.  However, the next difficulty estimate is pointing 2.48% lower. The estimate came after only 14.43% of the new epoch, making it an early signal from slower blocks rather than a result or proof that miners were switching off.  The two readings are compatible. Price had restored a modest amount of gross revenue per unit of computing power after the Sept. 19 retarget. The early block pace showed that the networks next adjustment remained unsettled.  Bitcoin mining economics improved versus the prior model  A Sept. 15 CryptoSlate analysis calculated that BTC would need to reach about $82,877 to neutralize the revenue-per-hash impact of the difficulty increase then forecast for Sept. 19. That was a modeled network threshold, not an industry-wide production cost.  The realized adjustment was less severe than projected. Mempool‘s completed difficulty history shows difficulty rose 4.1634% at block 967,680 on Sept.

09-21Industry

Strategy buys 950 Bitcoin after two week pause in purchases

Strategy has resumed Bitcoin purchases after a two week pause, spending $75.7 million on 950 BTC while deploying another $174 million to repurchase its STRC preferred stock.  SummaryStrategy bought 950 BTC for $75.7 million after a two week pause, raising its holdings to 846,000 BTC.The company spent another $174 million repurchasing 1.77 million STRC preferred shares during the same week.Strategy made no ATM sales during the period, while its deployable USD Cash fell nearly 20% to $1.05 billion.Strive separately acquired 1,355 BTC, increasing its corporate Bitcoin holdings to 26,355 BTC.  According to a Form 8-K filing with the U.S. Securities and Exchange Commission on Sept. 21, Strategy acquired the Bitcoin between Sept. 14 and Sept. 20 at an average price of $79,670 per coin, including fees and expenses.  The purchase increased the companys holdings to 846,000 BTC, acquired for a total of $63.80 billion at an average cost of $75,416 per Bitcoin.  Bitcoin was trading near $84,925 at the time of publication, putting the market value of Strategy‘s holdings at roughly $71.85 billion. Based on the company’s reported acquisition cost, the position carried an unrealized gain of approximately $8.05 billion.  Strategy shares gained 7.4% to $165.20 in Monday premarket trading as Bitcoin traded above the

09-21Industry

This blockchain just voted to shut itself down for a Solana-powered AI pivot

ZetaChains on-chain governance has approved retiring the networks standalone blockchain and moving ZETA to Solana as the project pivots toward private AI.  Related Asset ZetaChain #196 ZETA · $0.06 24-hour change: up 60.14% Loading price history… 24H Up 60.14% 7D Up 69.98% 30D Up 82.78%  Proposal 68 passed after voting ended Sept. 20, with about 99.44% of ballots supporting the plan. The on-chain tally showed 263.65 million ZETA voting in favor, 744,658 voting against, and 752,300 abstaining, giving core contributors a mandate to prepare the migration.  The vote does not immediately move tokens or shut down the network.  Related Asset Solana SOL · $117.81 24-hour change: up 8.73%  ZetaChain says its own L1 no longer fits  The planned shutdown marks a sharp strategic shift for a project founded in 2021 to connect otherwise separate blockchains.  ZetaChain spent years building a Cosmos SDK-based layer-1 designed to let applications interact with assets and contracts across networks including Bitcoin, Ethereum and Solana. Earlier this year, however, the project began concentrating resources on Anuma, a private multi-model AI application built around what it calls a Private Memory Layer.  Related Asset Ethereum ETH · $2,745.36 24-hour change: up 5.44%  ZetaChain now says maintaining its own blockchain no longer helps that effort. In Proposal 68,

09-21Industry

South Africa crypto firms pause R2.2 billion in deals over exchange controls

South African crypto companies have put at least R2.2 billion in deals on hold as proposed exchange control rules threaten to restrict how digital assets can be used for cross border transactions, according to people familiar with the matter.  People familiar with the transactions said at least 3 deals have been paused directly because of the proposed regulatory changes. They include an investment from a private equity firm and transactions intended to support capital formation for small businesses and corporate treasury management.  Industry participants have warned that the proposed framework could push some legitimate digital asset activity offshore or into informal channels. Some executives are considering legal action if the rules are adopted without significant changes, the people said.  South Africa crypto rules have stalled R2.2 billion in deals  South Africa is the second largest crypto asset market in Africa, where stablecoins are increasingly used by companies moving funds between regional operations.  Businesses have used stablecoins to repatriate profits and receive dividends from subsidiaries in African markets where access to hard currencies can be limited. Tethers USDT has become the preferred stablecoin for such activity in South Africa.  Onchain USDT transactions across 3 of the countrys largest licensed crypto exchanges approached R27 billion in the year

09-21Industry
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