Data shows pro traders are currently more bullish on Ethereum than Bitcoin
ETH has outperformed BTC by more than 230% this year and derivatives data suggests traders believe the altcoin has a lot more upside. Go to Source Powered by WPeMatico
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Bitcoin has stalled, but here’s why pro traders still expect $80K by January
Bitcoin price is hitting resistance while trading 7.75% below its all-time high, but derivatives data shows pro traders are still aiming for $80,000 by January. 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
2 key Ethereum price metrics back traders’ confidence in $3,800 ETH
ETH’s 90-day annualized premium and the funding rate on perpetual futures signal that traders are confident the altcoin will recapture the $3,800 level. Go to Source Powered by WPeMatico
Bitcoin price stages a comeback as 3 indicators reflect BTC’s strength
The futures premium, top traders’ long-to-short ratio and options skew all signal that pro traders still feel positive about Bitcoin price. Go to Source Powered by WPeMatico
How will regulatory troubles and mandatory KYC impact Binance Coin (BNB) price?
Data shows traders have mixed emotions about BNB’s future given Binance’s regulatory troubles and new mandatory KYC policy. Go to Source Powered by WPeMatico
Uncertainty prevails as December 2021 Bitcoin futures show an inverted pattern
The inverted pattern in the Bitcoin futures curve is a signal that investors’ confidence in BTC price continues to slump. Go to Source Powered by WPeMatico
Crypto traders say negative funding rates are buy signals, but are they?
Celebrity traders on Twitter frequently cite negative funding rates as a Bitcoin buy signal, but does data support this point of view? Go to Source Powered by WPeMatico
Who’s bullish now? XRP below $1, futures open interest down by 75%
Traders are clearly nervous after XRP corrected by 54%, and the futures open interest premium flipped negative. Go to Source Powered by WPeMatico
South Korea’s Bitcoin ‘Kimchi Premium’ Reappears, Korbit and Bithumb Exchange Volumes Spike
During the first week of April, South Korea’s ‘kimchi premium’ on domestic cryptocurrency exchanges had jumped over 18%, but then leveled off, equalizing with global exchange rates over the last two weeks. On Monday, as bitcoin prices spiked 8% higher surpassing the $54k zone, in South Korea, the premium on bitcoin climbed 4.56% higher than … Read more
