Bitunix Analyst: US-India Trade Deal Imminent - Global Capital Flows and Cryptocurrency Market Could Be Affected
On October 22nd, several international media reported that the United States and India are on the verge of finalizing a significant trade agreement. Under this agreement, India will lower its tariffs on U.S. exports from the current approximately 50% to 15%.
In return, India is anticipated to reduce its oil imports from Russia and increase market access for U.S. agricultural products. The agreement may be officially announced during the ASEAN Summit (from October 26th to 28th) following a bilateral meeting between President Trump and Prime Minister Modi. Analysts think that this is a strategic expansion of the U.S.'s efforts to reshape the global supply chain and restrain reliance on Russian energy exports. From a macro perspective, this potential agreement will further strengthen India's position as a crucial manufacturing and export alternative outside of China, promoting the global reallocation of capital between Asian supply chains and emerging markets. The U.S. dollar may obtain n
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Eric Trump: Bitcoin to See Astonishing Performance in Q4, Firm Belief That Bitcoin Will Reach One Million Dollars
On October 22nd, Eric Trump, the son of former U.S. President Donald Trump, said in an interview with CoinDesk, "I am completely convinced that Bitcoin will reach one million dollars. I think it will reach $200,000 before we are even aware of it. I believe we are going to have an extraordinary fourth quarter. This is always amazing for cryptocurrency and especially for Bitcoin. This is likely to be your best quarter."
Taking into account the current surge in the global money supply, considering this uncertainty and all the cracks that are emerging right now, you should have no doubt that we are in the golden age of cryptocurrency, and we have only just crossed the starting line with 99 yards still to go.
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Hong Kong's first Solana ETF, the 「Huaxia Solana ETF」, has been approved and is set to be listed on the Hong Kong Stock Exchange on October 27th.
On October 22nd, as per the Hong Kong Economic Times, the Securities and Futures Commission of Hong Kong has officially given the green light to the first Solana (SOL) spot ETF. This ETF is issued by Huaxia Fund (Hong Kong) and becomes the third cryptocurrency spot ETF to be approved after Bitcoin and Ethereum. It is also the first such product in Asia.
The ETF (code: 03460) is scheduled to be listed on the Hong Kong Stock Exchange on October 27th, with a Renminbi counter (83460) and a US Dollar counter (9460). The minimum trading unit is 100 shares, and the minimum investment amount is approximately 100 USD. Its virtual asset trading platform is the OSL Exchange, and the virtual asset's sub-custodian is OSL Digital Securities Limited. The management fee of the ETF is 0.99%, and the annual expense ratio is around 1.99%.
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Multiple Whales Bullish on and Long BTC, ETH, and SOL Positions
On October 22nd, as monitored by LookOnChain, several whales have shown a bullish attitude and opened long positions in BTC, ETH, and SOL. These whales include:
- Whale "0x89AB" deposited 9.6 million USDC into
Hyperliquid within the past 12 hours. It bought 80.47 BTC (worth $8.7 million) and opened a 6x long position with 133.86 BTC (worth $14.47 million).
- Whale "0x3fce" deposited 1.5 million USDC 6 hours ago and increased its BTC long position to 459.82 BTC (worth $49.7 million).
- Whale "0x8Ae4" deposited 4 million USDC 5 hours ago to go long on BTC, ETH, and SOL.
- Whale "0xd8ef" deposited 5.44 million USDC 3 hours ago and opened an ETH spot position.
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Standard Chartered Hong Kong will launch a Virtual Asset ETF Trading Service in November.
On October 22nd, according to Ming Pao, Elvis Cheung, who is in charge of DBS Hong Kong's wealth solutions, announced that the bank will initiate a virtual asset ETF trading service in November. Customers will be able to participate in relevant emerging investments via the DBS platform, thus enabling more diversified asset allocation and wealth management options.
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Andrew Kang's associated address liquidated a BTC short position worth over $25 million, achieving a unrealized return of over 160%.
On October 22nd, according to the monitoring of HyperInsight (accessible via https://t.me/HyperInsight), it was reported that 8 hours ago, Andrew Kang, the Co-Founder of Mechanism Capital, closed his short position on BTC with the address (0x0b5) to realize profits, reducing the position by approximately $25.32 million. Subsequently, 4 hours ago, he added more than $1.5 million to go long on ENA for hedging.
According to the monitoring, at 1:00 AM today, the same address opened a new 40x short position on BTC at $11,320, with a position size of around $29.9 million. There is still a $4.16 million short position open, and the unrealized profit and loss (P&L) exceeds 160%. At the same time, the 25x ETH long position was closed at the high of $4,008 and then went short, with the unrealized P&L now exceeding 100%.
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