Is the bottom in? Data shows Bitcoin derivatives entering the ‘capitulation’ zone
A key risk indicator for BTC options hit its highest level in 6 months, possibly signaling that $32,930 was the bottom. Go to Source Powered by WPeMatico
Fear
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Bitcoin price can’t find its footing, but BTC fundamentals inspire confidence in traders
Data shows traders still feel confident about BTC price because the futures premium and other fundamentals show no signs of stress. Go to Source Powered by WPeMatico
Ethereum futures and options data reflects traders’ mixed emotions on $3.2K ETH price
ETH’s futures markets are slightly bearish, but options traders appear to be interpreting the rally to $3,200 as a bottoming signal. Go to Source Powered by WPeMatico
Market Analyst Says ‘Whole Crypto Sphere Is in a Bear Market’ as Prices Continue to Slide Lower
The crypto-economy has been sliding in value this week and during the last 24 hours, it has lost 2.5% dropping to $2.3 trillion. The leading crypto asset bitcoin has slid 4.8% during the last seven days and ethereum has dropped 11.7% last week. The downward spiral has cryptocurrency advocates questioning whether or not the bull … Read more
$1.1B in Bitcoin options expire on Friday, but data points to a sub-$55K BTC price
BTC bulls are looking at a $300 million loss after last week’s 11.5% correction set them up as the losers of Friday’s $1.1 billion options expiry. Go to Source Powered by WPeMatico
Bitcoin drops below $54K, stocks sell-off after new Covid variant emerges
Bears took control of BTC price after options markets flashed bearish signals, but should traders be worried? Go to Source Powered by WPeMatico
All bark and some bite. China’s Bitcoin ban puts traders in the ‘fear’ zone
Bitcoin derivatives markets flipped neutral-to-bearish after China’s ‘crypto ban’ announcement triggered a BTC price dip to $40,600. Go to Source Powered by WPeMatico
Bears lick their paws while Bitcoin price blasts through $46,000
Derivatives data show the market is dominated by longs and that top traders added leverage as BTC price rallied to $46,300. Go to Source Powered by WPeMatico
Bears scattered as Bitcoin hit $40K, but pro traders remain cautious
Bitcoin’s rally to $40,000 alleviated some of the bearish sentiment in the market, but data shows derivatives traders still walking on eggshells. Go to Source Powered by WPeMatico
Market Update: Coronavirus Fears, Stock Market Crash, and Bitcoin Price Predictions
Digital currency markets have been consolidating since the initial price drop on February 26 that saw $25 billion shaved off the entire cryptocurrency market. At the time of publication, the cryptoconomy is hovering just above the $245 billion zone and a few coins today are making slight gains. Also read: MTV Airs Only the Negative … Read more
