‘Chartmaster’ Expects BTC Price to Tap $29K, Delta Exchange CEO Says ‘Bitcoin...
The price of bitcoin has dropped to a new low for the month of May, sliding to $42,100 per unit during Monday evening’s trading sessions. While a few analysts see bitcoin rebounding and gathering new highs in the coming weeks, a few crypto market strategists believe bitcoin prices could sink much lower than today’s current values. CNBC’s ‘Chartmaster’ Carter Worth Envisions Bitcoin Hitting a $29K Low The other day, Bitcoin.com News reported on Plan B’s stock-to-flow bitcoin (BTC) price model and how the model’s creator is still positive about the....
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Data shows the Bitcoin Options 25 Delta Skew has seen a bullish flip, a sign that the traders may be expecting a price rebound. Bitcoin Options 25 Delta Skew Suggests Traders Are Positioning For Upside As pointed out by the analytics firm Glassnode in a new post on X, the Options 25 Delta Skew has […]
The relatively illiquid side options of trading have slowed the passage of information between option markets and underlying assets. Delta Financial launches new projects to revolutionize the DeFi space. This post seeks to explore this new project and its potential impact on the decentralized finance industry. In September of 2020, Delta Financial launched Core Vault, […]
The “delta capitalization” model of Bitcoin may suggest that around $15k could be a possible bottom for the crypto’s price. Past Delta Cap Trend Shows Bitcoin May Still Face More Decline Before A Bottom As explained by an analyst in a CryptoQuant post, the BTC market cap is now below the realized cap, but still above the delta cap. Before taking a look at the data, it’s best to first get a basic grasp of the three major capitalization models for Bitcoin. The normal market cap is calculated by just taking the total number of coins currently in circulation and....
Delta Exchange, a crypto derivatives platform, says many options traders didn’t expect Ethereum’s price to rise so quickly. Now, they’re sitting on huge unrealized losses. A growing number of options traders are sitting on large unrealized losses following Ethereum’s (ETH) latest price surge, highlighting once again the volatile and unpredictable nature of the cryptocurrency market. Pankaj Balani, the CEO of Delta Exchange, a St. Vincent-based cryptocurrency derivatives platform, tells Cointelegraph that he has observed “a lot of naked call writing activity in ETH for deep out of the money....
Investors include Aave Ventures, Kyber Network, Sino Global, CoinFund, Spartan and others. Delta Exchange, a cryptocurrency derivatives platform, has successfully concluded a $5 million private sale of its native Delta Exchange Token (DETO), setting the stage for wider adoption of its retail derivatives marketplace. Some well-known names in decentralized finance, or DeFi, participated in the private sale, including Aave Ventures. Kyber Network. Sino Global, LuneX Ventures, BR Capital and others also participated in the sale. At the time of writing, the total market capitalization of DeFi....