3 ways crypto derivatives could evolve and impact the market in 2023
Derivatives played a major role in the last bull market and it’s highly likely that they will be integral in the market’s evolution in 2023. Go to Source Powered by WPeMatico
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3 reasons why Bitcoin is likely heading below $16,000
Reasons for bearishness include U.S. Federal Reserve tightening, the absence of leverage buyers’ demand, and fearful BTC option traders. Go to Source Powered by WPeMatico
Ethereum bounces above $1.2K, but derivatives metrics show traders fear a collapse
Demand for leverage buying remains absent in ETH despite the recent bounce to $1,200 as the U.S. Federal Reserve continues to hike interest rates. Go to Source Powered by WPeMatico
Total crypto market cap takes another hit, but traders remain neutral
The total crypto market cap is at risk of falling below $825 billion, but data shows traders actively adding to their longs and shorts. Go to Source Powered by WPeMatico
Bitcoin retraces intraday gains as bears aim to pin BTC price under $18K
BTC bears are positioned to profit from this week’s Bitcoin options expiry, especially if price stays below $18,000. Go to Source Powered by WPeMatico
Bitcoin price liquidation risk increases as BTC struggles to reclaim $18K
Leveraged long margin traders are playing with a hot potato, and with BTC struggling at $17,000, they might get burned sooner than later. Go to Source Powered by WPeMatico
Bitcoin options data shows bulls aiming for $17K BTC price by Friday’s expiry
BTC bulls could secure a $130 million profit in the Dec. 9 options expiry, but bears aim to balance the scales by keeping Bitcoin price below $17,000. Go to Source Powered by WPeMatico
Report: Nigerian Finance Bill Has Provisions Allowing Govt to Tax Crypto Transactions
A Nigerian finance bill, which seeks to amend the country’s various tax statutes, contains provisions which allow the government to tax cryptocurrency and other digital asset transactions, a report has said. Nigeria is reportedly seeking to join six other countries, including two from Africa, which already levy taxes on digital asset transactions. Extracting More Revenue … Read more
DXY bounces at major support, reducing Bitcoin’s chance at breaking the $17.2K resistance
The dollar index (DXY) found support at a key level, leading traders to question whether BTC will manage to flip $17,250 to support. Go to Source Powered by WPeMatico
Bitcoin price volatility expected ahead of Friday’s $430M BTC options expiry
Here is why Bitcoin bears stand to profit from this week’s $430 million BTC options expiry. Go to Source Powered by WPeMatico