On June 5, Bitcoin and Ethereum options worth a combined $1.89 billion expired as both cryptocurrencies traded near multi-month lows. Bitcoin options, valued at $1.62 billion, expired far below their key max pain level of $70,500, with Bitcoin briefly dipping near $60,000 amid a sharp selloff. Ethereum options, worth $270 million, also faced pressure with a max pain level near $2,000. The market saw increased hedging demand and bearish activity, reflecting cautious sentiment amid weak crypto momentum. Meanwhile, hopes for a Middle East ceasefire initially pushed oil and gold prices lower, but renewed tensions kept broader market risks alive. Traders now watch key Bitcoin and Ethereum support levels and macro signals to gauge if the expiry will ease or deepen market weakness.
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
