Bitcoin price closes in on $40K, but pro traders are still skeptical
Traders expect BTC to flip $40,000 back to support soon, but derivatives metrics signal that a different outcome could occur. Go to Source Powered by WPeMatico
Liquidations
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Bitcoin batters longs as liquidations copy May 2021 run to $30K
It’s been longs paying the price since early December, data shows, in a sign which accompanied a market reversal several times last year. Go to Source Powered by WPeMatico
Bitcoin and altcoins took a hit, but derivatives data reflects a calmer market
BTC and altcoins took a beating over the weekend, but data shows a market with healthier trading conditions, even if prices consolidate for the foreseeable future. Go to Source Powered by WPeMatico
3 reasons why Bitcoin’s drop to $56.5K may have been the local bottom
The absence of cascading liquidations, 25% delta skew and the margin lending ratio all suggest that Bitcoin price bottomed at $56,500. Go to Source Powered by WPeMatico
Is excessive bullish optimism behind Bitcoin’s drop below $60K?
Bitcoin’s futures premium hit its highest level in 5 months, but was this the primary reason for BTC’s fall below $60,000? Go to Source Powered by WPeMatico
Traders buy the Bitcoin dip even as Evergrande’s implosion rocks stock markets
The Evergrande fiasco appears to be driving the correction in global stock markets, but data shows this isn’t deterring pro traders from buying the BTC dip. Go to Source Powered by WPeMatico
Estonian ‘auto liquidation’ DeFi platform Minterest raises $6.5m
Minterest aims to channel all fees, interest, and revenue back into the protocol for its users. Go to Source Powered by WPeMatico
Record $8B open interest on Ethereum futures shows the pros are ‘here’
Analysts say billion-dollar liquidations are less of a risk even as the open interest on Ethereum futures hit a new high at $8 billion. Go to Source Powered by WPeMatico
$24 million lost in second-largest day of DeFi liquidations
The Feb. 22 crypto market flash-crash liquidated more than $24 million worth of DeFi loans. with Compound users representing more than half of the margin calls. Go to Source Powered by WPeMatico
Kraken users demand refunds over flash-crash liquidations
Margin traders on Kraken are outraged after a flash-crash triggered wholesale liquidations while the exchange was inaccessible to users. Go to Source Powered by WPeMatico
