Altcoin prices briefly rebounded, but derivatives metrics predict worsening conditions
Declining demand for Tether and negative futures premiums for altcoins reflect a growing disinterest from crypto investors.
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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.
The BTC futures premium flashed a slightly positive reading, but options markets show extreme fear from whales and market markers.
BTC, ETH and altcoin prices were crushed this week, but the futures funding rate shows retail traders are not ready to become permabears.
BTC price is in a freefall and data suggests bears plan to keep the price below $30,000 until the May 13 options expiry.
Bitcoin leverage traders show little interest in going long even as BTC price flirts with new lows below $29,000.
The Spanish securities regulator, the CNMV, has ordered Binance to stop offering cryptocurrency derivative products to customers in the country. According to local media, the crypto exchange giant has followed…