A few months ago traders were uber bullish on ETH at $2,100, so why are they bearish now that the altcoin trades for the same price?
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A few months ago traders were uber bullish on ETH at $2,100, so why are they bearish now that the altcoin trades for the same price?
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The volume on Ethereum futures flipped Bitcoin’s after hitting a new record at $10 billion, and derivatives data suggests further upside for Ether price.
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Open interest in Ether options trading has increased from $50 million to $4 billion over the last year.
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Ethereum miners and developers might be fighting over network upgrades but derivatives data shows investors are still wildly bullish.
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Multiple data points show investors are strongly bullish on Ethereum price even after ETH’s recent 36% correction below $1,300.
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While all eyes are on Bitcoin’s new all-time highs, some analysts are predicting four-figure Ethereum in the coming months.
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On December 16, the Chicago Mercantile Exchange (CME) announced that CME Group is expanding the company’s crypto derivatives and plans to launch Ethereum futures. The company said the launch is based on increasing client demand and aims to launch the new ether derivatives products on February 8, 2021. While bitcoin (BTC) has touched a new […]
The post CME Group to Launch Ethereum Futures in February Pending Regulatory Approval appeared first on Bitcoin News.
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Digital currency derivatives have been on fire during the last two weeks as ethereum futures volumes touched an all-time high on Sunday. The popular derivatives trading platform Deribit saw 1.9 million ETH contracts traded and CME Group is now the third-largest exchange in terms of bitcoin futures open interest. Data shows that cryptocurrency futures and […]
The post Crypto Derivatives Set New Records, ETH Futures Set All-Time Highs, CME Open Interest Spikes appeared first on Bitcoin News.
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