Will Bitcoin Bounce Back? Traders Place Their Bets on a Rocky Q4, Data Shows
So far, Bitcoin has seen significant volatility in the last trading session, hinting at frail investor sentiment. Earlier today, the asset soared to as high as $57,300. However, the asset now appears to have run out of steam after reaching this mark as it trades at $55,966, down by 1.6%. This surge in volatility is a sign that the market has become more fearful as traders watch several key technical levels. However, the latest data suggests a shift in trader patterns as more defensive strategies are sought. Analysts from the ETC Group report have noted a substantial increase in the open....
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Ethereum has dropped since its $460 highs. The coin of the leading cryptocurrency currently trades for $440, though analysts say that it may catch a bid if it goes lower. Analysts are specifically eyeing the $420 region, at which point ETH should post a strong bounce. Bolstering the Ethereum bull case, on-chain data shows that there is an accumulation of the coin taking place. Other trends show that ETH is being accumulated for the ETH2 […]
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Data shows traders are buying $400 protective puts while also holding $7,000 call options, a signal that traders either have mixed emotions or are just cashing in on the upfront premium. After reviewing Ether (ETH) options for June 25, one might think that traders either became overly optimistic or ultra-bearish. Currently, there are large bets for prices below $1,000 while others aim for $3,800 and higher.A recent report from Coinshares shows that multiple crypto funds have begun seeing net inflows after weeks of record outflows. The report notes that Ether vehicles saw a total of $47....
Ethereum options traders are placing big bets on an ETH rally in June as EIP-1559 approaches. The price of Ether (ETH) is continuing to rally, reaching $2,000 on Friday on the back of strong technical momentum following a high-profile announcement from Visa.As Cointelegraph previously reported on Sunday, Visa will allow its partners to use USD Coin (USDC) on the Ethereum blockchain network to settle transactions.ETH futures total open interest. Source: Bybt.comSince then, the interest in Ethereum across both futures and options markets is seeing an uptick, with the former approaching $7....