Ethereum options data show pro traders ready to go long into ETH’s Merge
ETH price hit resistance at the $1,600 level, but this is not stopping options traders from opening fresh leveraged longs.
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ETH price hit resistance at the $1,600 level, but this is not stopping options traders from opening fresh leveraged longs.
Data shows investors jumping back into fiat and a lack of bullish leverage in the crypto market suggests another correction is in the making.
BTC derivatives used by whales and market makers do not support a continuous price recovery above $24,000.
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BTC bulls aim to secure a $235 million profit from July 22’s BTC options expiry, but a downside move below $22,000 could nix this plan.
Data shows Ethereum options traders are less bearish that before, and margin-based markets recently saw some investors go ultra-long on 491,000 ETH.
BTC bulls think the bottom is in, but a neutral-to-bearish price formation and the absence of a futures premium contradict their optimism.
Poor risk management, insufficient revenue and the overuse of leverage are the core reasons why DeFi is crumbling.
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.
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?