Perpetual – Ƀitsell X

Ripple Invests $25M in Bitnomial’s Platform to Build Regulated Derivatives Market for Digital Assets Like XRP

October 16, 2024

Crypto derivatives exchange Bitnomial is set to launch its U.S. perpetual futures trading platform, Botanical, backed by a $25 million round led by Ripple. The platform, integrating Ripple’s stablecoin RLUSD, aims to challenge decentralized exchanges and offshore models. Bitnomial’s approach to bringing offshore trading models into the U.S. derivatives industry presents a significant market opportunity,…
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Altcoin prices briefly rebounded, but derivatives metrics predict worsening conditions

May 20, 2022

Declining demand for Tether and negative futures premiums for altcoins reflect a growing disinterest from crypto investors. On May 12, the total crypto market capitalization reached its lowest close in 10 months and the metric continues to test the $1.23 trillion support level. However, the following seven days were reasonably calm while Bitcoin (BTC) gained…
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Any dip buyers left? Bulls are largely absent as the total crypto market cap drops to $1.65T

May 6, 2022

Weak retail demand and bearish derivatives data reflect a dismal short-term outlook for the crypto market. The total crypto market capitalization has been trading within a descending channel for 24 days and the $1.65 trillion support was retested on May 6. The drop to $1.65 trillion was followed by Bitcoin (BTC) reaching $35,550, its lowest…
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2 key derivatives metrics signal that Bitcoin traders expect BTC to hold $40K

February 28, 2022

The entire crypto market is green on Feb. 28, and derivatives metrics suggest that BTC’s bullish reversal will flip $40,000 back to support. Whenever Bitcoin (BTC) fails to break through important resistance levels, traders gain confidence and add to their altcoin positions. The logic is that, unless BTC drops significantly, these movements historically provide decent…
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Data suggests traders view $46,000 as Bitcoin’s final line in the sand

December 15, 2021

BTC and altcoins took a severe hit on Dec. 13, but derivatives data suggests traders are watching $46,000 as a signal of whether the current market structure will hold up. Dec. 13 will likely be remembered as a “bloody Monday” after Bitcoin (BTC) price lost the $47,000 support, and altcoin prices dropped by as much…
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Bitcoin and altcoins took a hit, but derivatives data reflects a calmer market

December 7, 2021

BTC and altcoins took a beating over the weekend, but data shows a market with healthier trading conditions, even if prices consolidate for the foreseeable future. Looking at the winners and losers of the past week clearly shows that traders endured some serious heat as the total crypto market capitalization dropped by 12.7% when Bitcoin…
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Ethereum approaches a new ATH, but derivatives data reflects mixed emotions

December 1, 2021

Ethereum price appears en-route to a new all-time high, but data shows retail and pro investors are slightly skeptical about the current rally. Today Ether (ETH) price briefly touched $4,760, exciting investors and reminding the world that the altcoin is a mere 2.2% below the $4,870 all-time high reached 20 days ago. While the spot…
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Data shows Polkadot crashes after reaching $1B open interest — Will it happen again?

November 3, 2021

Polkadot (DOT) price crashed both times its futures open interest clipped $1 billion. Should traders expect a correction now that open interest is over this figure? Whenever there is relevant growth in the number of derivatives contracts currently in play (open interest), it usually means that more traders are involved. In futures markets, longs and…
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What Bitcoin correction? BTC price holds $55K despite several bearish indicators

October 9, 2021

Bitcoin price refuses to pull back despite Bollinger Bands and Fear and Greed pointing to an overheated rally. Experienced analysts and media outlets including Cointelegraph recently highlighted some indicators suggesting that the Bitcoin (BTC) price rally could be overextended. Those bearish views include one from Bollinger bands creator John Bollinger, suggesting traders use a trailing…
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Signs of fear emerge as Ethereum price drops below $3,000 again

September 28, 2021

Traders have yet to flip bearish on Ether price, but the recurrent drops below $3,000 increase the likelihood of a sentiment flip. Technical analysis is a controversial topic, but higher lows are commonly interpreted as a sign of strength. On Sept. 28, Ether (ETH) might be 30% below its May 12 high of $4,380, but…
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Category: Perpetual