Bearish sentiment in the crypto market due to Mt. Gox repayments next month, causing BTC to drop over 5% to $60,723. The decrease in spot and futures volumes suggests reduced investor participation, resembling a 'bear trap.'
Ether traders on Deribit are purchasing bullish options for September's $4,000 call option in anticipation of reaching new record highs. This activity indicates a positive outlook that if ETH surpasses $4,000, new all-time highs may be expected.
Japanese investment managers are progressively considering crypto investments as a diversification strategy, with a survey showing over 50% planning to invest in digital assets in the next three years. This interest could lead to allocation of 2-5% of assets under management to crypto.
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