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Bitcoin’s short-term price prospects slightly improved, but most traders are far from optimistic

Bitcoin’s derivatives metrics reflect slight improvements since the $17,600 low, but whales and market makers continue to price higher risk of another breakdown.

Continue ReadingBitcoin’s short-term price prospects slightly improved, but most traders are far from optimistic

Voyager Digital cuts withdrawal amount as 3AC contagion ripples through DeFi and CeFi

Traders brace for more bad news after headlines revealed that Voyager Digital had lent $655 million to Three Arrows Capital. Is another crypto market sell-off on the way?

Continue ReadingVoyager Digital cuts withdrawal amount as 3AC contagion ripples through DeFi and CeFi

Market selling might ease, but traders are on the sidelines until BTC confirms $20K as support

BTC and altcoins could continue to see selling, but a positive is that traders took shelter in stablecoins instead of completely exiting the crypto market.

Continue ReadingMarket selling might ease, but traders are on the sidelines until BTC confirms $20K as support

Bitcoin derivatives data shows no ‘bottom’ in sight as traders avoid leveraged long positions

Is it time to be greedy? Experienced market makers and arbitrage desks have turned strongly risk-averse as BTC price dropped to $22,600.

Continue ReadingBitcoin derivatives data shows no ‘bottom’ in sight as traders avoid leveraged long positions