---
title: "1. Today, the Fear and Greed Index rose to 59, changing from neutral to greedy. 2. Reflexivity Founder: Bitcoin breakthrough"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/215142146.md"
description: "Today, the Fear and Greed Index rose to 59, turning greedy. Bitcoin needs to break through $65,000 to confirm a bull market. $5.8 billion in BTC and $1.9 billion in ETH options will expire on Friday. BlackRock referred to Bitcoin as a \"safe-haven asset,\" with analysts predicting a breakthrough in Q4. SEC commissioners criticized the SEC's legal stance on cryptocurrencies. BlackRock purchased 354,173 BTC in January, and Binance's total trading volume surpassed $1 trillion. Bitcoin's market dominance is declining, while the altcoin market is bullish"
datetime: "2024-09-25T02:45:24.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/215142146.md)
  - [en](https://longbridge.com/en/news/215142146.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/215142146.md)
---

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# 1. Today, the Fear and Greed Index rose to 59, changing from neutral to greedy. 2. Reflexivity Founder: Bitcoin breakthrough

1.  Today, the Fear and Greed Index rose to 59, changing from neutral to greedy.
    
2.  Reflexivity founder: Bitcoin needs to break through the $65,000 level to confirm the continuation of the bull market.
    
3.  Nominal values of approximately $5.8 billion in BTC options and $1.896 billion in ETH options will expire and settle on Friday.
    
4.  Head of BlackRock's cryptocurrency business: Bitcoin is now a "safe-haven asset."
    
5.  Analyst: Bitcoin is expected to break out in Q4, driven by institutional demand and innovation pushing up cryptocurrencies.
    
6.  Analysis: Large-scale transfers of BTC occurred during the period from September 18 to 24 across multiple holding periods.
    
7.  CryptoQuant: The "profitable supply" level of Bitcoin indicates the potential for further upside.
    
8.  10x Research: After the rate cut, there has been a clear shift in market trends, with traders accumulating altcoins such as TAO, ENA, SEI, APT.
    
9.  SEC Commissioner Hester Peirce: The U.S. SEC has taken legally inaccurate views on cryptocurrencies.
    
10.  BlackRock has purchased 354,173 BTC since January this year, worth approximately $22.5 billion.
     
11.  Binance CEO: Binance's historical trading volume surpassed $1 trillion in early September.
     
12.  Decrease in Bitcoin market dominance and a bullish outlook on the altcoin market structure have led traders to predict the upcoming "altseason."
     
13.  QCP: Global loose policies provide short-term support for asset prices, with ETH's implied volatility 9% higher than BTC.
     
14.  Analysis: The largest outflow of funds from the U.S. Ethereum ETF since July indicates lower institutional attractiveness

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