Auto Added by WPeMatico

$8.4B and Unbroken: Why Ethereum (ETH) Open Interest Isn’t Cracking Under Price Pressure?

After a week of choppy price action, Ethereum (ETH) declined by another 1.4% today as it struggles to hold fort near $4,300. The derivatives market, however, is showing resilience despite…

Continue Reading$8.4B and Unbroken: Why Ethereum (ETH) Open Interest Isn’t Cracking Under Price Pressure?

Bitcoin Correction Could Deepen Before Recovery as Only 9% of Supply at Loss

Only around 9% of the Bitcoin supply is currently in the red, carrying up to 10% unrealized losses, according to Glassnode. Comparatively, the local bottom of this cycle saw more…

Continue ReadingBitcoin Correction Could Deepen Before Recovery as Only 9% of Supply at Loss

Why August Always Breaks Bitcoin and What September Means for Traders

Bitcoin’s seasonal weakness in August has long puzzled traders. On-chain data, however, reveals a recurring driver in the form of miner sell pressure. Miner Pressure You Can’t Ignore Miners secure…

Continue ReadingWhy August Always Breaks Bitcoin and What September Means for Traders