Bitcoin fights to hold $29K as fear of regulation and Terra’s UST implosion hit crypto hard
Bitcoin leverage traders show little interest in going long even as BTC price flirts with new lows below $29,000. Go to Source Powered by WPeMatico
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Pro traders curb their enthusiasm until Ethereum confirms $3,400 as support
ETH price has shown a strong recovery since bottoming at $2,500, but derivatives data suggests pro traders are moving with caution. Go to Source Powered by WPeMatico
$43K BTC flipping support? Not anytime soon, according to derivative metrics
Short sellers got liquidated to the tune of $150 million, but two metrics show pro traders did not flip bullish after the recent Bitcoin rally. Go to Source Powered by WPeMatico
Ethereum traders reduce their bullish bets as ETH struggles reclaim $3K
ETH price is stuck in a rut and these three metrics suggest the downtrend is nowhere near an end. Go to Source Powered by WPeMatico
Solana-Based Defi Margin Trading Protocol Raises $3 Million in Seed Funding
On Wednesday, the team behind Solana-based decentralized finance (defi) margin protocol Marginfi, announced Mrgn Labs has raised $3 million in seed funding from investors. With the recently acquired funds, Marginfi aims to build the first cross-margining engine on the Solana blockchain. Mrgn Labs Gets $3 Million in Funding From Strategic Investors Mrgn Labs has revealed … Read more
Bandana Wearing Cryptopunk NFT Smashes Records Selling for $23 Million in Ethereum
The Cryptopunks non-fungible token (NFT) collection has seen a new record as the NFT Cryptopunk #5822 sold on Saturday for 8,000 ether or more than $23 million. The new owner of the NFT, Deepak Thapliyal, the CEO of a blockchain firm called Chain explained that he used leverage via Compound Finance in order to acquire … Read more
2 key indicators cast doubt on the strength of the current crypto market recovery
BTC and altcoins flashed bullish this week, but the perpetual contracts funding rate and Tether premium reflect a lack of confidence from traders. Go to Source Powered by WPeMatico
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
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 leverage ratio reaches new highs
In a dramatic week for Bitcoin price action, traders are keen to capitalize, hitting a new all-time high for the leverage ratio. Go to Source Powered by WPeMatico
