$16K retest the most likely path for Bitcoin, according to 2 derivative metrics
Top traders’ long-to-short ratio and stronger demand for stablecoins in Asia indicate higher odds of further price correction. Go to Source Powered by WPeMatico
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Crypto Futures ETFs Raise More Than $73 Million Ahead of Hong Kong Launch
Hong Kong’s first crypto-based exchange-traded funds (ETFs) have attracted over $73 million ahead of their debut on the region’s stock exchange. The launch of the two ETFs tracking cryptocurrency futures listed in the United States comes despite the industry’s current troubles. Hong Kong Debuts Bitcoin and Ether Futures ETFs Amid Crypto Winter Two ETFs tracking … Read more
Ethereum rallies to $1,350, but derivatives metrics remain neutral to bearish
Pro traders aren’t buying ETH’s recent rally to $1,350 and data shows they expect Ether price to retrace if Fed chair Powell takes a hawkish tone on Wednesday. Go to Source Powered by WPeMatico
Bitcoin traders cross fingers in hopes that a positive Fed meeting triggers a run to $18K
All eyes are on this week’s Federal Reserve meeting, and BTC traders hope that positive strides against inflation trigger a run to $18,000. Go to Source Powered by WPeMatico
Bitcoin options data shows bulls aiming for $17K BTC price by Friday’s expiry
BTC bulls could secure a $130 million profit in the Dec. 9 options expiry, but bears aim to balance the scales by keeping Bitcoin price below $17,000. Go to Source Powered by WPeMatico
3 reasons why Ethereum price keeps rejecting at the $1,300 level
Traders are not sure if ETH will be able to hold the $1,200 level while the S&P 500 rapidly approaches the crucial 3,900 support and ETH derivatives data hints at more downside. Go to Source Powered by WPeMatico
Bitcoin bears beware! BTC holds $17K as support while the S&P 500 drops 1.5%
BTC whales and market makers are holding their leveraged long positions, even though BTC failed to break above $17,400 on Dec. 5 Go to Source Powered by WPeMatico
Margin trading vs. Futures: What are the differences?
Margin trading and futures are used in cryptocurrency to multiply gains. Here’s what you need to know about these tools, how they work, and their differences. Go to Source Powered by WPeMatico
Don’t’ believe the hype — Bitcoin price rally to $17K reflects improving sentiment
Negative newsflow continues to make headlines but BTC’s recent move above $17,000 suggests investors are finding reasons to be bullish. Go to Source Powered by WPeMatico
Ethereum derivatives look bearish, but traders believe the ETH bottom is in
Expectations of stringent regulation and further contagion from FTX continue to weigh on ETH price, but derivatives are showing a modest improvement in sentiment. Go to Source Powered by WPeMatico