Bitget App
Trade smarter
News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
No resultsFlash
- 13:40A Bitcoin OG increases short positions to 900 BTCAccording to Jinse Finance, monitored by Onchain Lens, an early Bitcoin investor has increased their 10x leveraged short position by 200 BTC, valued at $22.1 million. The investor currently holds a total short position of 900 BTC, with a total value of $99.6 million and an unrealized loss of $1.1 million. Data shows their entry price was $109,521, with a liquidation price of $141,072.
- 13:23Jefferies: Bitcoin mining profitability dropped by over 7% in SeptemberChainCatcher news, according to CoinDesk, investment bank Jefferies stated in a report released on Sunday that as the price of bitcoin fell by 2% and the network’s hashrate surged by about 9%, bitcoin mining profitability dropped by more than 7%, further increasing the pressure on miners’ profits expected in Q4 2025. In the same month, North American publicly listed mining companies produced 3,401 bitcoins, down from 3,576 in August, with their share of the global network declining from 26% to 25%. Among them, MARA Holdings had the highest output at 736 bitcoins, up from 705 in August; CleanSpark followed with 629 bitcoins, down from 657 in August. The price drop also reduced revenue: theoretically, a mining fleet with 1 EH/s of hashrate generated daily revenue of about $52,000 in September, down from $56,000 in August, and close to $43,000 a year ago. The price decline and rising network difficulty continue to squeeze profit margins in the mining industry.
- 13:22Institution: The Federal Reserve may announce the end of quantitative tightening next weekJinse Finance reported that economists at research institution Wrightson ICAP pointed out that signs of funding pressure emerging in the repo market may prompt the Federal Reserve to announce a halt to the reduction of its bond holdings at next week’s interest rate decision. Federal Reserve Chairman Powell had already hinted earlier this month that the Fed is waiting for the right time to end balance sheet reduction, and the slight fluctuations in the repo market last week may serve as a key signal. The institution also expects the Federal Reserve to begin purchasing U.S. Treasuries to offset maturing mortgage-backed securities, thereby maintaining the overall size of its balance sheet. In summary, as the Federal Reserve shifts to a neutral policy stance, the monthly supply of short-term Treasury bonds in the market may decrease by about $2 billion.