2 metrics signal traders do not expect $2T crypto market cap anytime soon
Despite only one coin among the top-80 declining over the past week, Tether and futures premiums show a lack of excitement in the market. Go to Source Powered by WPeMatico
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Bitcoin rally hopes diminish as pro traders flip bearish, retail interest at 12-month lows
A symmetrical triangle shows support at $38,000 but pro traders have failed to add leverage long positions, according to exchanges’ data. 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
Ethereum price moves toward $3K, but pro traders choose not to add leverage
ETH price is storming toward a key resistance level, but pro traders are reluctant to add leverage for three important reasons. Go to Source Powered by WPeMatico
Ether drops below $3,800, but traders are unwilling to short at current levels
Ethereum network saw a nine-fold increase in its smart contract deposits, but a descending channel continues to pressure the price. Go to Source Powered by WPeMatico
These 3 indicators flashed bullish ahead of the recent Bitcoin price pump
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
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
While Bitcoin Tapped New Price Highs, 78,000 Short Positions Worth Over $800 Million Got Liquidated
While bitcoin has crossed a new all-time price high in 2021, traders are leery toward shorting the crypto asset. Data from Bitfinex shows the number of short contracts has been extremely low in comparison to the total number of shorts in mid-March 2020. On Saturday, January 2, 2021, when the price of bitcoin surpassed $33k, … Read more
The $750 Million Pre-Halloween Bitcoin Options Expiry Has Started to Spook Traders
Even though cryptocurrency traders have been exuberant over the price rise, a number of analysts are focused on the large bitcoin and ethereum options expiries set to end before Halloween. Data from Skew.com shows $750 million in Bitcoin options is set to expire and prices could get volatile. The price of bitcoin (BTC) touched an … Read more
Institutions Long and Hedge Funds Short: Bitcoin Options Traders Prep for ‘Big Moves’ Ahead
Trends in bitcoin options markets are making it difficult for financial analysts to pinpoint BTC’s next move. Data from CME’s recently published trader report shows that institutional investors are capturing a larger number of bitcoin long contracts, while hedge funds are showing an all-time high for bitcoin short contracts. On Tuesday, the price of bitcoin … Read more
