Wishy-washy bulls turn bearish on Ethereum price despite positive data
A few months ago traders were uber bullish on ETH at $2,100, so why are they bearish now that the altcoin trades for the same price? Go to Source Powered by WPeMatico
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A few months ago traders were uber bullish on ETH at $2,100, so why are they bearish now that the altcoin trades for the same price? Go to Source Powered by WPeMatico
The volume on Ethereum futures flipped Bitcoin’s after hitting a new record at $10 billion, and derivatives data suggests further upside for Ether price. Go to Source Powered by WPeMatico
Open interest in Ether options trading has increased from $50 million to $4 billion over the last year. Go to Source Powered by WPeMatico
Ethereum miners and developers might be fighting over network upgrades but derivatives data shows investors are still wildly bullish. Go to Source Powered by WPeMatico
Multiple data points show investors are strongly bullish on Ethereum price even after ETH’s recent 36% correction below $1,300. Go to Source Powered by WPeMatico
Following the revelation that Tesla now owns $1.5 billion in bitcoin, crypto spot markets across the board skyrocketed. Data shows that crypto derivatives markets also saw significant demand as bitcoin futures open interest tapped $15 billion on Monday. Moreover, this week was the start of ethereum futures on CME Group’s exchange, and ether-based futures registered … Read more
Bitcoin options open interest has reached $9.6 billion according to derivatives market data as the metric is nearing the high captured on January 7, 2021. Moreover, the aggregate open interest in bitcoin futures is steadily nearing all-time highs. While cryptocurrency spot markets have consolidated, bitcoin-based derivatives markets have seen continuous action. At the time of … Read more
While all eyes are on Bitcoin’s new all-time highs, some analysts are predicting four-figure Ethereum in the coming months. Go to Source Powered by WPeMatico
On December 16, the Chicago Mercantile Exchange (CME) announced that CME Group is expanding the company’s crypto derivatives and plans to launch Ethereum futures. The company said the launch is based on increasing client demand and aims to launch the new ether derivatives products on February 8, 2021. While bitcoin (BTC) has touched a new … Read more
Digital currency derivatives have been on fire during the last two weeks as ethereum futures volumes touched an all-time high on Sunday. The popular derivatives trading platform Deribit saw 1.9 million ETH contracts traded and CME Group is now the third-largest exchange in terms of bitcoin futures open interest. Data shows that cryptocurrency futures and … Read more