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Ethereum price has outperformed Bitcoin by 32% since May but derivatives data shows pro traders are feeling less bullish about the top altcoin. Go to Source Powered by WPeMatico
The Japanese government’s Financial Services Agency (FSA) has issued a warning to the crypto derivatives exchange Bybit claiming that the trading platform is allowing residents of Japan access to the exchange. The news follows the Bank of Japan Governor Haruhiko Kuroda criticizing digital currencies for speculation. Japan’s FSA Warns Bybit Fintech Limited Japan’s top regulator … Read more
Ethereum bulls may have flipped $2,400 back to support, but Friday’s ETH options and futures expiry will determine if traders press the pedal for $3,000. Go to Source Powered by WPeMatico
The funding rate for MATIC and AAVE is currently rewarding traders who are leveraged longs, but it might not last for long. Go to Source Powered by WPeMatico
Traders are clearly nervous after XRP corrected by 54%, and the futures open interest premium flipped negative. Go to Source Powered by WPeMatico
Derivatives data shows whales aggressively bought the dip as Bitcoin price dropped below $36,000, but that doesn’t mean BTC has bottomed yet. Go to Source Powered by WPeMatico
Price dislocations between futures and spot markets led altcoins like ETH, LTC and SUSHI to trade up to 43% below their index price in spot markets. Go to Source Powered by WPeMatico
Two key Bitcoin price metrics signal that whales bought the dip to $42,000, a hint that BTC may be gearing up for a new all-time high by mid-June. Go to Source Powered by WPeMatico
Traders are afraid another Black Thursday crash is on the cards, but derivatives data proves the current correction has no resemblance to the March 2020 pullback. Go to Source Powered by WPeMatico
Crypto derivatives exchange FTX has launched a futures contract that allows Brazilian voters and traders in jurisdictions where the platform is available to bet on the outcome of Brazil’s next presidential election. With health and financial crises looming in the country, Jair Bolsonaro’s second term as head of state is far from certain. FTX Launches … Read more
