Category: accumulation

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Options Market Sees Unusual Activity Amidst Bitcoin’s Decline

As Bitcoin prices continued to slide, the options market presented a peculiar scenario with a notable absence of put options being traded.  According to data from Greekslive, the majority of trades yesterday were calls, indicating a bullish sentiment prevailing in the market. The situation was particularly striking in the Ethereum options market, where call option trades constituted a staggering 90% of the total trades—a level of extreme share rarely witnessed.  Bitcoin continues to fall, driving the crypto market down significantly, with panic spreading across the market and futures premium levels falling.However, in the options market, few puts were traded, and

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DeFi Collateral Liquidations Soar As ETH Prices Dip

Over the past 24 hours, the decentralized finance (DeFi) sector witnessed a significant surge in collateral liquidations, totaling more than $5.4 million, with a substantial portion linked to Ethereum (ETH) assets amounting to $4.27 million.  According to parsec, more than $5.4 million in collateral was liquidated on the DeFi in the past 24h, including $4.27 million in ETH. If ETH falls to $3,008, $24 million in collateral will be liquidated. On-chain derivatives exchanges GMX, Kwenta, and Polynomial triggered… — Wu Blockchain (@WuBlockchain) March 19, 2024 Concerns loom as projections indicate that if ETH prices drop to $3,008, an additional $24

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Chainlink Surges To 22-Month High: Whale Activity Raises Eyebrows

The remarkable rise of Chainlink (LINK) in the yearly chart has been nothing short of extraordinary, skyrocketing from $4.9 to $20.8. In a significant milestone, LINK has hit a 22-month high with an impressive 11% surge, breaking the $20 mark for the first time in years. This surge in price has been accompanied by increased activity in the Chainlink network, with a rise in active addresses and the creation of new addresses. However, despite the bullish trend across the crypto market, LINK saw a slight decline of 1.6% in the past 24 hours. $LINK hits a 22-month high as it

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Chainlink Surges To New Heights In 2024, Faces Resistance At Key Levels

In the ongoing year of 2024, Chainlink’s performance within the cryptocurrency landscape has been nothing short of remarkable. The native cryptocurrency of the Chainlink Web3 network, LINK, has surged to heights not witnessed since January 2022, boasting a market capitalization surpassing $11 million. On February 5th, LINK reached a new yearly high, sparking optimism among investors. However, the journey ahead presents challenges, with Chainlink encountering formidable resistance levels between $19.40 and $20.03.  Notably, these levels are guarded by 5,330 addresses collectively holding over 8.59 million $LINK. Despite briefly touching $19.68 in the past 24 hours, LINK retraced slightly to $18.92.

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Big Miners and Holders Keep Accumulating Bitcoin: Kraken’s ‘Shocktober’ Report

shocktoberMining operators and holders keep accumulating Bitcoin, according to the latest Kraken intelligence report, titled “Shocktober.” In the report, several metrics allude to a bullish view for the months to come. In contrast, mining pool contributors and small miners have taken profits, these being more prone to sell due to market movements. ‘Shocktober’ Report Paints […]

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