Bitcoin’s sub-$40K range trading and mixed data reflect traders’ uncertainty
The market gave up last week’s gains from Bitcoin’s surge to $45,000, but derivatives metrics suggest retail traders are more bullish than market makers and whales.
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The market gave up last week’s gains from Bitcoin’s surge to $45,000, but derivatives metrics suggest retail traders are more bullish than market makers and whales.
Ethereum network saw a nine-fold increase in its smart contract deposits, but a descending channel continues to pressure the price.
ETH price is lagging behind BTC's recent gains, but data signals that traders are confident in the altcoin breaking through $4,000 in the short-term.
Bitcoin price refuses to pull back despite Bollinger Bands and Fear and Greed pointing to an overheated rally.
On paper, EOS has great fundamentals, but derivatives markets suggest traders don’t feel the same about the altcoin’s price potential.
Like other large-cap legacy altcoins, XRP is stuck in a rut and data suggests investors are content just to sit and watch.
Bitcoin traders say $43,600 needs to be regained to restore the bullish uptrend, but BTC futures and options data are showing signs of distress.
Traders have yet to flip bearish on Ether price, but the recurrent drops below $3,000 increase the likelihood of a sentiment flip.
On Tuesday, SEC Chair Gary Gensler re-confirmed his plan to crack down on cryptocurrencies, and traders’ regulatory concerns are confirmed by this key Bitcoin futures and options indicator.
Steady development and strong fundamentals suggest that DOT's rally toward a new all-time high is in the making.