Bookmarking Crypto Insights
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A symmetrical triangle shows support at $38,000 but pro traders have failed to add leverage long positions, according to exchanges’ data. Go to Source Powered by WPeMatico
ETH price is stuck in a rut and these three metrics suggest the downtrend is nowhere near an end. Go to Source Powered by WPeMatico
ETH price is storming toward a key resistance level, but pro traders are reluctant to add leverage for three important reasons. Go to Source Powered by WPeMatico
Ethereum network saw a nine-fold increase in its smart contract deposits, but a descending channel continues to pressure the price. Go to Source Powered by WPeMatico
Correlation does not imply causation, but these 3 indicators did signal prior to Bitcoin’s recent push to $49,000. Go to Source Powered by WPeMatico
The Evergrande fiasco appears to be driving the correction in global stock markets, but data shows this isn’t deterring pro traders from buying the BTC dip. Go to Source Powered by WPeMatico
While bitcoin has crossed a new all-time price high in 2021, traders are leery toward shorting the crypto asset. Data from Bitfinex shows the number of short contracts has been extremely low in comparison to the total number of shorts in mid-March 2020. On Saturday, January 2, 2021, when the price of bitcoin surpassed $33k, … Read more
Even though cryptocurrency traders have been exuberant over the price rise, a number of analysts are focused on the large bitcoin and ethereum options expiries set to end before Halloween. Data from Skew.com shows $750 million in Bitcoin options is set to expire and prices could get volatile. The price of bitcoin (BTC) touched an … Read more
Trends in bitcoin options markets are making it difficult for financial analysts to pinpoint BTC’s next move. Data from CME’s recently published trader report shows that institutional investors are capturing a larger number of bitcoin long contracts, while hedge funds are showing an all-time high for bitcoin short contracts. On Tuesday, the price of bitcoin … Read more
After sideways trading in the past 2 weeks between the $6,100 and the $6,500 support and resistance lines, Bitcoin decided to say hello by bouncing between the two ranges in a matter of minutes. What caused the Bitcoin price to drop to a low of $6,100 then bounce up to $6,500 only to settle at … Read more
