Ether drops below $3,800, but traders are unwilling to short at current levels
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
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Data suggests traders view $46,000 as Bitcoin’s final line in the sand
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. Go to Source Powered by WPeMatico
5 Crypto Exchanges Custody 1.6 Million Bitcoin or Close to 8% of the Capped Supply
As of December 12, around 90% of all the bitcoin that will ever exist is in circulation today, and the top five exchanges hold 1.6 million bitcoin. The bitcoin holdings on Coinbase, Binance, Huobi, Kraken, and Okex combined represent 7.96% of the 21 million bitcoin supply cap. The bitcoin held by Coinbase is a whopping … Read more
2 key Bitcoin trading metrics suggest BTC price has bottomed
Bitcoin price has yet to reclaim the $50,000 level, but the actions of options market makers and margin traders at Bitfinex suggest the most recent correction is over. Go to Source Powered by WPeMatico
Data shows pro traders are currently more bullish on Ethereum than Bitcoin
ETH has outperformed BTC by more than 230% this year and derivatives data suggests traders believe the altcoin has a lot more upside. Go to Source Powered by WPeMatico
Top 5 Cryptocurrencies Gaining The Most Price This Week (OKEx, Solana, Polygon, Stacks, Terra)
After last month’s crypto and NFT boom, cryptocurrency markets continue to show bullish momentum. With the global cryptocurrency market cap at $2.6 trillion, it’s clear that crypto is here to stay. In this article, we take a look at the top 5 cryptocurrencies that gained the most price this week, ordered by 7-day price gain, … Read more
Ethereum approaches a new ATH, but derivatives data reflects mixed emotions
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. Go to Source Powered by WPeMatico
Wen moon? Data shows pro traders becoming more bullish on Bitcoin price
MicroStrategy’s purchase of 7,002 BTC might have helped boost Bitcoin price today, but derivatives data also shows that pro traders are becoming more bullish. Go to Source Powered by WPeMatico
OKEx shared insights on trading, regulation, DeFi and more during recent Markets Pro AMA
Among many features, OKEx staff demonstrated how users could automate their trading process with no required coding knowledge on the namesake platform. Go to Source Powered by WPeMatico
Total crypto market cap drops by 6.7%, but futures data finds a silver lining
Metaverse, gaming and incentive-offering DeFi tokens pumped last week even as Bitcoin and the total crypto market capitalization dropped. Here’s why. Go to Source Powered by WPeMatico
