Ethereum experienced significant outflows totaling over $8 million, while capital moved into stablecoins like USDT and fiat currencies, reflecting a cautious stance among crypto traders. This rotation suggests a defensive market mood, with investors preferring liquidity and capital preservation over riskier assets. Despite some inflows into tokens like Stellar, XRP, and Bitcoin, the overall trend indicates traders are repositioning rather than committing to new risk. The heavy accumulation of USDT and other stablecoins points to market participants preparing for potential volatility or opportunistic buying on dips.
SYN, the token of Synapse protocol, rose over 1,000% in June, vastly outperforming Bitcoin and Ether, which fell about 20%. The rally is driven more by hype around Synapse's new Hypercall options platform and a $2.2 million SYN purchase by BitMEX co-...
Ethereum options data reveals a split outlook: longer-term open interest favors bullish call options, indicating optimism for price gains later in the year. However, recent 24-hour trading shows increased demand for short-term put options, signaling ...
Major cryptocurrencies including Bitcoin, Ether, Solana, and Dogecoin declined amid a surge in the U.S. dollar driven by the Japanese yen hitting a 40-year low. Bitcoin traded below $60,000 and its 200-week moving average, with muted onchain demand a...
Ethereum (ETH) fell 8% last week, a decline linked by Bitmine Chairman Tom Lee to quarter-end window dressing, where funds sell losing assets to improve portfolio appearances. Despite the drop and a nearly 22% monthly decline, Bitmine increased its h...
Top futures traders have decreased their long positions in Solana (SOL) and Dogecoin (DOGE), while increasing exposure to Bitcoin (BTC) and Ethereum (ETH), indicating a shift in leveraged sentiment. Data shows Dogecoin's USDT-margined long share drop...
