Bookmarking Crypto Insights
Auto Added by WPeMatico
The BTC futures premium remains a topic of concern, but it appears that traders are starting to price similar risks for the upside and downside. Go to Source Powered by WPeMatico
ETH price bulls struggle as futures remain trading below its fair value, signaling excessive demand for shorts. Go to Source Powered by WPeMatico
Miners are in deep trouble due to increased hash rate and energy costs, but pro traders slightly added to their longs despite the recent BTC pullback. Go to Source Powered by WPeMatico
Grayscale Investment’s Bitcoin Trust (GBTC) has dropped to a new low this week as the bitcoin fund tapped a record 35.18% low against bitcoin spot prices. GBTC’s discount to spot has been underwater for a total of 577 consecutive days. GBTC Discount to NAV Widens by 35% — Fund Reaches an All-Time Low Against BTC … Read more
Hedge funds are betting against Rome’s liabilities as S&P Market Intelligence data indicates investors have amassed a $37 billion short bet against Italian debt. The hedge funds are betting large against Italian bonds and investors haven’t bet this high against Rome since 2008, as Italy faces political uncertainty, an energy crisis, and an inflation rate … Read more
BTC and altcoins could continue to see selling, but a positive is that traders took shelter in stablecoins instead of completely exiting the crypto market. Go to Source Powered by WPeMatico
BTC price looks to break out of its downtrend, yet pro traders are still unwilling to add leveraged positions. Go to Source Powered by WPeMatico
The total crypto market capitalization recovered roughly 5%, but a variety of trading metrics show investors are skeptical about the rally being a trend change. Go to Source Powered by WPeMatico
Crumbling tech stock prices, declining DApp use and bearish derivatives data continue to pin ETH price below $2,000. Go to Source Powered by WPeMatico
ETH bulls are aiming to flip $2,000 back to support, but these two metrics point toward further downside. Go to Source Powered by WPeMatico
