Bitcoin’s recent gains have traders calling a bottom, but various metrics remain bearish
The total crypto market capitalization recovered roughly 5%, but a variety of trading metrics show investors are skeptical about the rally being a trend change.
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Weak stocks and declining DeFi use continue to weigh on Ethereum price
Crumbling tech stock prices, declining DApp use and bearish derivatives data continue to pin ETH price below $2,000.
2 key Ethereum price metrics suggest traders will struggle to hold the $2K support level
ETH bulls are aiming to flip $2,000 back to support, but these two metrics point toward further downside.
Bitcoin bulls aim to flip $30K to support, but derivatives data show traders lack confidence
The BTC futures premium flashed a slightly positive reading, but options markets show extreme fear from whales and market markers.
Bitcoin and Ethereum had a rough week, but derivatives data reveals a silver lining
BTC, ETH and altcoin prices were crushed this week, but the futures funding rate shows retail traders are not ready to become permabears.
Any dip buyers left? Bulls are largely absent as the total crypto market cap drops to $1.65T
Weak retail demand and bearish derivatives data reflect a dismal short-term outlook for the crypto market.
2 key metrics point toward further downside for the entire crypto market
Futures data and decreased demand for Tether signal that the crypto market is set for another round of pain.
Ethereum on-chain data hints at further downside for ETH price
An assortment of on-chain and derivatives data signal that ETH price is unlikely to rally above $3,500 any time soon.
Ethereum derivatives data shows pro traders are bearish, but for how long?
The ETH futures premium turned bearish and the network's TVL dropped 22% from its peak, but how is this impacting pro traders’ sentiment?
Bitcoin price drops to $43.5K, but data and BTC’s market structure project strength
BTC price took a sharp tumble below a key support level, but data shows today’s dip could be another buying opportunity for bulls.