ETH price hovers at a key support level and while it is softening, data shows pro traders are reluctant to go short.
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ETH price hovers at a key support level and while it is softening, data shows pro traders are reluctant to go short.
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Derivatives data shows increased demand for margin longs contradicts traders’ perception that further downside in store for Bitcoin.
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Arbitrum earnings are soaring as daily active users flood the layer-2 platform with the hope of an eventual airdrop.
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The crypto market managed an 11% bounce from the Nov. 9 low, but a handful of metrics show a severe lack of investor confidence.
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The collapse of Sam Bankman-Fried’s crypto empire is likely to have ripercussions beyond the crypto markets, according to senior commodity strategist at Bloomberg, Mike McGlone.
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ETH price plummeted to a 4-month low at $1,070 after a wave of futures liquidations.
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BTC bears are set to profit from this week’s $710 million options expiry, which could be used to add further sell pressure to Bitcoin price.
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BTC bears have successfully suppressed Bitcoin price below $25,000 for 147 daily closes, but derivatives data shows no desperation from pro traders
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