Bitcoin options open interest rose to $45.1 billion, showing increased bullish positioning around the $72,000 strike price, which traders view as a near-term price pivot. Calls make up nearly 59% of contracts, indicating a bullish bias, but significant put activity suggests traders are also hedging against downside risks. The largest activity is on Deribit, with heavy trading in short-dated contracts expiring March 27, highlighting market sensitivity to volatility and potential sharp moves near expiry. This mixed positioning reflects both speculative upside bets and protective downside hedges, signaling cautious optimism among traders.
Bitcoin traded near $64,500 as trading volume declined and market sentiment remained cautious despite stable on-chain activity and exchange outflows. The Crypto Fear & Greed Index stayed at 'extreme fear,' indicating low investor confidence. While tr...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
