Bitcoin Futures Traders Bet Big on Price Rebound
Key Summary
Bitcoin prices fell sharply on Friday, but futures traders added new bets, indicating a potential price rebound. The US Federal Reserve's decision in late October is the next big test for investors. MSCI approved new eligibility rules for Bitcoin treasury firms, and the Bank of Russia confirmed a hard deadline to outlaw direct peer-to-peer cryptocurrency trading. Circle Internet Group is aggressively pushing its USDC stablecoin into emerging markets. The SEC approved a rule change allowing yes-or-no options tied to business figures reported by 23 companies.
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Bitcoin Price Update
Bitcoin (BTC) was priced at US$81,541.46, trading 1.6 percent lower over the past 24 hours. Futures traders added new bets even as prices fell, and those betting on a rise were paying more than usual to keep their positions open.
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MSCI Approval and Impact
MSCI approved new eligibility rules for its global stock indexes on October 15, placing Bitcoin treasury firms like Strategy (NASDAQ:MSTR) and Metaplanet (TSE:3350,OTCQX:MTPLF) at risk of removal after the November 30, 2026 close. The updated methodology excludes non-operating businesses from its Global Investable Market Indexes by applying a multi-step screening framework.
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Bank of Russia and Cryptocurrency Trading
The Bank of Russia confirmed a hard deadline of July 1, 2027, to permanently outlaw direct peer-to-peer cryptocurrency trading between individual citizens. The new laws completely dismantle the popular peer-to-peer loophole Russians currently use to swap rubles via bank transfers for dollar-pegged stablecoins like USDT.
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Circle Internet Group Expansion
Circle Internet Group (NYSE:CRCL) is aggressively pushing its USDC stablecoin into 40 new emerging markets across Asia, Latin America, and the Middle East to capture surging global demand. CEO Jeremy Allaire confirmed the expansion strategy during a recent media interview, declaring that blockchain technology has officially crossed from early adoption into mainstream commercial scaling.
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SEC Rule Change
The US Securities and Exchange Commission (SEC) approved a Cboe Global Markets rule change on Tuesday (October 13) that lets the exchange list yes-or-no options tied to business figures reported by 23 companies.