Who’s bullish now? XRP below $1, futures open interest down by 75%
Traders are clearly nervous after XRP corrected by 54%, and the futures open interest premium flipped negative. Go to Source Powered by WPeMatico
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Whales scooped up $5.5B in Bitcoin as BTC price dropped below $36K
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
Futures markets rocked as perpetual contracts traded 30%+ below index price
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
$83K Bitcoin price in the cards after data shows BTC whales bought the dip
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
Is Bitcoin nearing another Black Thursday crash? Here’s what BTC derivatives suggest
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
Brazilians Can Now Bet on President Bolsonaro’s Reelection Bid on FTX
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
Here’s how Bitcoin’s intraday volatility complicates leverage trading
Derivatives exchanges offer up to 100x leverage, but traders must consider how Bitcoin’s intraday volatility increases their liquidation risk. Go to Source Powered by WPeMatico
Data shows the ‘Bitcoin price drops ahead of CME expiries’ claim is a myth
Many traders believe the narrative that Bitcoin price drops ahead of CME BTC futures expiries, but data shows the trend is all bark and no bite. Go to Source Powered by WPeMatico
Chance of a price crash increases as Cardano (ADA) futures near $1B
ADA price crashed the last time Cardano futures open interest reached $1B, leading traders to question whether it is about to happen again. Go to Source Powered by WPeMatico
Ethereum Options Trade Volume Exceeds Bitcoin’s, Deribit Introduces a $50K ETH Strike for 2022
Last week, ethereum options volume surpassed bitcoin’s for the first time on the digital currency derivatives exchange Deribit. Further, the trading platform recently introduced a $50k ETH strike for March 2022 and explained the $50k call is “gaining immediate buy traction.” Ethereum Options Volume Grows Exponentially, $50K Strike Flexes Muscle When it comes to bitcoin … Read more