๐Ÿ”ฎ Witching hour x4

CoinDeskยทยท2 min read
Crypto/Web3Finance
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AI Summary

Today marks quadruple witching โ€” the simultaneous expiration of four types of derivatives โ€” which historically mutes Bitcoin on the day itself but precedes consistent weakness in the days and weeks following. Coinbase has launched perpetual futures contracts on individual stocks and ETFs for non-U.S. customers, cash-settled in USDC with up to 20x leverage. CoinDesk's PitchFest is positioned as a key proving ground for crypto startups ahead of Consensus 2026 in Miami.

Key Facts

โœ“Quadruple witching today expires trillions in derivatives simultaneously, with historical data showing Bitcoin consistently weakens in the days-to-weeks after every witching Friday.
โœ“Coinbase launched stock perpetual futures for non-U.S. users, offering 24/7 cash-settled trading in USDC on Apple, Microsoft, Tesla, and major indexes with up to 20x leverage on ETFs.
โœ“CoinDesk PitchFest is shaping up as the key startup proving ground ahead of Consensus 2026 in Miami, with exposure to VCs including Dragonfly, CoinFund, and Outlier Ventures.

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