Bitcoin’s recent gains have traders calling a bottom, but various metrics remain bearish
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.
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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.
Looming macroeconomic concerns and this week’s $1B ETH options expiry threaten to pin Ethereum price under the $1,800 support.
Traders are calling for a “relief rally” to $35,000, but derivatives data shows bears stand to profit from this week’s $1.81 billion BTC options expiry.
Crumbling tech stock prices, declining DApp use and bearish derivatives data continue to pin ETH price below $2,000.
A slight improvement in equities markets and the resilience of a few key BTC price metrics are giving bulls hope of a reversal.
Declining demand for Tether and negative futures premiums for altcoins reflect a growing disinterest from crypto investors.
Bitcoin is holding the $30,000 level, but the $640 million in BTC options that expire on May 20 could result in the price visiting recent lows.
SOL price has been repeatedly knocked down by network outages, a shrinking total value locked on the network and futures traders’ disinterest in trading the altcoin.
Paul-Willem van Gerwen from the AFM believes the retail investors should forbear the crypto derivatives trade .
Founded in 2014, BitMEX is one of the world’s oldest crypto trading platforms, but it has never offered spot crypto trading till now.