ETH price hovers at a key support level and while it is softening, data shows pro traders are reluctant to go short. Ether (ETH) has been stuck between $1,170 to $1,350 from Nov. 10 to Nov. 15, which represents a relatively tight 15% range. During this time, investors are continuing to digest the negative impact…
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Derivatives data shows increased demand for margin longs contradicts traders’ perception that further downside in store for Bitcoin. Bitcoin (BTC) lost 25.4% in 48 hours, bottoming at $15,590 on Nov. 9 as investors rushed to exit positions after the second largest cryptocurrency exchange, FTX, halted withdrawals. More importantly, the sub $17,000 levels were last seen…
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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. The total cryptocurrency market capitalization dropped by 24% between Nov. 8 and Nov. 10, reaching a $770 billion low. However, after the initial panic was subdued and forced future contracts liquidations…
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ETH price plummeted to a 4-month low at $1,070 after a wave of futures liquidations. Ether (ETH) price shed roughly 33% between Nov. 7 and Nov. 9 after an impressive $260 million in future contracts longs (buyers) were liquidated. Traders using leverage were surprised as the price swing caused the largest impact since Aug. 18…
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The Deribit hot wallet hacker has transferred 1,610 ETH (over $2.5 million) to Tornado Cash, according to data from the Ethereum block explorer Etherscan. In the aftermath of the $28 million Deribit hack, the unknown exploiter is moving stolen funds using the decentralized cryptocurrency mixer, Tornado Cash. The Deribit hot wallet hacker has transferred a…
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Leverage and hedging strategies are powerful ways to use derivatives contracts, but traders usually succumb to these three major mistakes. Novice traders are usually drawn to futures and options markets due to the promise of high returns. These traders watch influencers post incredible gains, and at the same time, the multiple advertisements from derivatives exchanges…
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Decentralized derivatives are a new way for traders to trade crypto assets without directly holding them. Read on to learn what decentralized crypto derivatives are and where you can trade them. In the world of traditional finance, a derivative is an investment contract that derives its value from an underlying asset, enabling investors to hold…
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Traders who believe BTC will break above $20,000 could use this low-risk options strategy to cast a long bullish bet. Bitcoin (BTC) entered an ascending channel in mid-September and has continued to trade sideways activity near $19,500. Due to the bullish nature of the technical formation and a drop in the sell pressure from troubled…
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Bears are currently better positioned for this week’s $510 million BTC options expiry, but their overconfidence could give bulls a chance to flip the table. Bitcoin (BTC) has been trying to break above the $20,500 resistance for the past 35 days, with the latest failed attempt on Oct. 6. Meanwhile, bears have displayed strength on…
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Ether price is still at risk of falling below $1,000, but data points to traders opening fresh long positions. Ether (ETH) price has been unable to close above $1,400 for the past 29 days and has been trading in a relatively tight $150 range. At the moment, the $1,250 support and the $1,400 resistance seem…
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