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ETH price is lagging behind BTC’s recent gains, but data signals that traders are confident in the altcoin breaking through $4,000 in the short-term. Go to Source Powered by WPeMatico
BTC price rejected near $58,000 but derivatives data shows traders positioned in a neutral-to-bullish, leaving sufficient “room” for a new all-time high in 2021. Go to Source Powered by WPeMatico
Bloomberg senior analyst Eric Balchunas says there is a 75% chance that the SEC will approve a Bitcoin futures ETF this month. Go to Source Powered by WPeMatico
BTC’s futures markets premium and options risk gauge show that there are not any signs of excessive leverage or FOMO from traders — yet. Go to Source Powered by WPeMatico
Correlation does not imply causation, but these 3 indicators did signal prior to Bitcoin’s recent push to $49,000. Go to Source Powered by WPeMatico
Derivatives data shows bears have sufficient incentives to keep ETH price below $3,000 heading into Friday’s $340 million options expiry. Go to Source Powered by WPeMatico
Bitcoin traders say $43,600 needs to be regained to restore the bullish uptrend, but BTC futures and options data are showing signs of distress. Go to Source Powered by WPeMatico
Genesis has introduced a trading method allowing institutional investors to trade Bitcoin futures contracts based on their end-of-day closing price. Go to Source Powered by WPeMatico
Authorities in Indonesia do not intend to follow China’s example of imposing an outright ban on cryptocurrencies, a government official said, noting the country will limit itself to ensuring they are not used in illegal activities. The statement comes after local crypto exchanges registered a serious increase in turnover this year. Indonesia to Tighten Regulations … Read more
Bitcoin derivatives markets flipped neutral-to-bearish after China’s ‘crypto ban’ announcement triggered a BTC price dip to $40,600. Go to Source Powered by WPeMatico