BTC futures open interest is on the rise, but Bitcoin trading volume suggests that traders have shifted their attention to other markets. Bitcoin traders are currently not pleased with the recent price trends, especially due to the inability of the price to surpass the $30,500 mark over the last four weeks. This frustration is compounded…
Read more
Even with a price correction to $29,000, several Bitcoin price metrics show traders casting bets on a quick rebound. On July 24, Bitcoin experienced a flash crash, plummeting to $29,000 in a movement now attributed to significant Bitcoin holders potentially liquidating their positions. Amid the crash and market uncertainty, Bitcoin’s (BTC) three major trading metrics continue to…
Read more
Bitcoin margin and futures markets display strength as institutional appetite surges after multiple spot ETF requests. After a failed rally above $31,000 on June 23, Bitcoin (BTC) has sustained the $30,300 resistance for the past three days. Curiously, this happened while gold reached its lowest level in three months, trading at $1,910 on June 22,…
Read more
Bitcoin price hit a year-to-date high near $19,000 as pro traders used leverage to propel the pump, but derivatives data hints at reasons for BTC price to retest $17,300. Bitcoin (BTC) price has gained 15% in the past 13 days, and during this timeframe, traders’ bearish bets in BTC futures were liquidated in excess of…
Read more
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…
Read more
A key Bitcoin price metric hit a new all-time high, but is this a bullish or bearish development? Sept. 12 will leave a mark that will probably stick for quite a while. Traders at the Bitfinex exchange vastly reduced their leveraged bearish Bitcoin (BTC) bets and the absence of demand for shorts could have been…
Read more
Data shows Ether options traders are less bearish than before, but lower gas fees and smart contract deposits give ETH bulls little hope. Ether (ETH) price is up 60% since May 3, outperforming leading cryptocurrency Bitcoin (BTC) by 32% over that span. However, evidence suggests the current $1,600 support lacks strength as network use and…
Read more
On paper, EOS has great fundamentals, but derivatives markets suggest traders don’t feel the same about the altcoin’s price potential. EOS (EOS) began a descending trend 53 days ago and despite the recent 27% weekly gain, the altcoin is not showing any signs of a reversal. As a result, investors are questioning whether the former top-5…
Read more
