Ethereum price holds above $3K but network data suggests bulls may get trapped
ETH price just broke from a long-term descending channel, but on-chain data still points to a few bearish catalysts. Go to Source Powered by WPeMatico
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Bitcoin bulls aim to solidify control over BTC price by flipping $44K to support
Bulls seek to flip $44,000 to support and analysts forecast further upside for BTC, calling the asset “the Amazon of our time.” Go to Source Powered by WPeMatico
From Morgan Stanley to crypto world: in a conversation with Phemex founder
Running a crypto business is no easy job. And running a crypto exchange might seem like an impossible job to do. Go to Source Powered by WPeMatico
Bitcoin price closes in on $40K, but pro traders are still skeptical
Traders expect BTC to flip $40,000 back to support soon, but derivatives metrics signal that a different outcome could occur. Go to Source Powered by WPeMatico
TVL, network outages, or derivatives: What’s behind Solana’s (SOL) 60%+ drop?
SOL price is more than 60% away from its all-time high and data shows that it’s not the network outages but the loss of territory to competing chains driving the correction. Go to Source Powered by WPeMatico
Is the bottom in? Data shows Bitcoin derivatives entering the ‘capitulation’ zone
A key risk indicator for BTC options hit its highest level in 6 months, possibly signaling that $32,930 was the bottom. Go to Source Powered by WPeMatico
Low Volumes Across Crypto Spot Markets and Derivatives Indicate Bearish Conditions
Digital currency markets have slipped significantly in value during the last two weeks and the lower prices have not sparked higher trade volumes. Data shows cryptocurrency spot market volume has slipped from $1.4 trillion in November 2021, to this month’s $593 billion in volume. Bitcoin futures open interest and volumes have dropped considerably over the … Read more
2 key Bitcoin trading indicators suggest BTC is ready for a 62% upside move
BTC derivatives metrics currently mirror late-September readings which preceded a strong 62% move in Bitcoin price. Go to Source Powered by WPeMatico
Bitcoin price can’t find its footing, but BTC fundamentals inspire confidence in traders
Data shows traders still feel confident about BTC price because the futures premium and other fundamentals show no signs of stress. Go to Source Powered by WPeMatico
Bitcoin price bounces to $41.5K, but derivatives data shows traders lack confidence
Key BTC trading metrics are sitting on the edge of the “worst outcome” scenario, suggesting that the current sell-off is far from over. Go to Source Powered by WPeMatico
