Ethereum derivatives data shows pro traders are bearish, but for how long?
The ETH futures premium turned bearish and the network's TVL dropped 22% from its peak, but how is this impacting pro traders’ sentiment?
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The ETH futures premium turned bearish and the network's TVL dropped 22% from its peak, but how is this impacting pro traders’ sentiment?
Is it time for a correction after ETH rallied 34% in two weeks? On-chain metrics and derivatives data say yes.
BTC price is caught in the middle of a game of tug-o-war, as evidenced by the fact that pro traders are equally pricing upside and downside risk instruments.
ETH price is stuck in a rut and these three metrics suggest the downtrend is nowhere near an end.
ETH price dropped 30% in two weeks, and derivatives data shows pro traders are bearish even with Feb. 25’s rally back toward $2,800.
Bitcoin traders say the bottom is in, but it’s important to also consider BTC’s correlation to equities markets.
Money is trickling back into the crypto market and derivatives data suggests that investor confidence is improving as the market forms a bottom.
Traders expect BTC to flip $40,000 back to support soon, but derivatives metrics signal that a different outcome could occur.
A key risk indicator for BTC options hit its highest level in six months, possibly signaling that $32,930 was the bottom.
Key BTC trading metrics are sitting on the edge of the “worst outcome” scenario, suggesting that the current sell-off is far from over.