Deribit's Bitcoin options open interest reached $31.3 billion on May 21, overtaking BlackRock's IBIT at $27 billion. Ahead of a $6.25 billion options expiry on May 29, the market shows a modestly bullish put/call ratio of 0.86, with a key max pain price level at $75,000, slightly below Bitcoin's current price near $77,000. This max pain level may act as a price magnet as traders hedge positions before expiry, influencing short-term Bitcoin price movements. The competition between Deribit and IBIT highlights shifting investor preferences between crypto-native derivatives and regulated ETF options.
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...
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...
