2 key Bitcoin trading metrics suggest BTC price has bottomed
Bitcoin price has yet to reclaim the $50,000 level, but the actions of options market makers and margin traders at Bitfinex suggest the most recent correction is over.
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Analysts say Bitcoin’s open interest wipeout ‘will give way to further upside’
Bitcoin’s drop to $42,000 obliterated its open interest and liquidated a large swath of leveraged traders, but analysts say OI resets typically provide great buying opportunities.
Data shows pro traders are currently more bullish on Ethereum than Bitcoin
ETH has outperformed BTC by more than 230% this year and derivatives data suggests traders believe the altcoin has a lot more upside.
Ethereum approaches a new ATH, but derivatives data reflects mixed emotions
Ethereum price appears en-route to a new all-time high, but data shows retail and pro investors are slightly skeptical about the current rally.
SEC reportedly knocks back Valkyrie’s leveraged Bitcoin ETF
The SEC does not appear to have the appetite for more exotic Bitcoin futures products.
New Bitcoin ETFs filed: One for bears, the other with ‘leverage for ants’
ETF issuers are getting creative with two new filings for inverse and leveraged funds.
Bulls target $100 Filecoin (FIL) after data points to improving fundamentals
FIL might be more than 70% away from its all-time high, but derivatives data shows traders are steadily building leveraged positions.
Blockchain.com exchange debuts Bitcoin margin trading
Gold-verified users of Blockchain.com exchange in over 150 countries will now be able to trade Bitcoin with up to 5x leverage.
Key Bitcoin options ‘fear’ indicator reflects traders’ regulatory concerns
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.
Analysts point to overleveraged traders after Bitcoin flash crashes to $43K
Traders were hit hard as $3.5 billion in liquidations took place as Bitcoin price crashed below $43,000.