Ethereum price weakens near key support, but traders are afraid to open short positions
ETH price hovers at a key support level and while it is softening, data shows pro traders are reluctant to go short.
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ETH price hovers at a key support level and while it is softening, data shows pro traders are reluctant to go short.
Derivatives data shows increased demand for margin longs, contradicting traders’ perception that further downside is in store for Bitcoin.
The crypto market managed an 11% bounce from the Nov. 9 low, but a handful of metrics show a severe lack of investor confidence.
ETH price plummeted to a 4-month low at $1,070 after a wave of futures liquidations.
BTC bears are set to profit from this week's $710 million options expiry, which could be used to add further sell pressure to Bitcoin price.
BTC bears have successfully suppressed Bitcoin price below $25,000 for 147 daily closes, but derivatives data shows no desperation from pro traders
The Deribit hot wallet hacker has transferred 1,610 ETH (over $2.5 million) to Tornado Cash, according to data from the Ethereum block explorer Etherscan.
New data shows how pro traders are positioned as BTC price continues to encounter resistance at $21,000.
FOMC-induced volatility is impacting BTC price, but bulls are still aiming for a win in this week’s $640 million options expiry.
Leverage and hedging strategies are powerful ways to use derivatives contracts, but traders usually succumb to these three major mistakes.