Data shows Bitcoin bears dominate Friday’s $2.5B BTC options expiry
Bears have a potential $450 million lead if Bitcoin fails to hold $32,000 until June 25. Go to Source Powered by WPeMatico
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Traders search for bearish signals after Bitcoin futures enter backwardation
Analysts search for bearish signals after the June BTC futures trade below spot exchange pricing. Go to Source Powered by WPeMatico
Bitcoin price edges higher as Fed inflation meeting sends DXY to 2-month high
The U.S. dollar appeared to benefit from fresh comments by Jerome Powell, while Bitcoin remains frustrated. Go to Source Powered by WPeMatico
Hong Kong brokerage Futu halts crypto futures over regulatory issues
Non-futures crypto products like Grayscale Bitcoin Trust are reportedly still available on Futu Securities. Go to Source Powered by WPeMatico
DeFi exchange dYdX raises $65M in Series C fundraiser
The dYdX platform allows users to trade perpetual contracts with exposure to various crypto markets. It claims to have built the fastest decentralized exchange through layer-two solutions. Go to Source Powered by WPeMatico
Bitcoin derivatives data shows pro traders ignored today’s $41K pump
Bitcoin price may have pumped 10% to $41,000 but derivatives indicators show top traders aren’t feeling so bullish. Go to Source Powered by WPeMatico
Ethereum has strong fundamentals, so why are pro traders bearish on ETH?
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
Japan’s Top Financial Watchdog Sends a Warning Crypto Derivatives Exchange Bybit
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
Monthly $1.9B Ethereum futures and options expiry will determine if ETH hits $3K soon
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
Negative funding rates incentivize traders to long Polygon (MATIC) and AAVE
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