Bitcoin options data from Deribit reveals a bullish market sentiment with a call-heavy open interest, especially concentrated in $80,000 strike calls, indicating traders expect higher prices in the medium term. However, recent trading volume shows increased put buying, signaling that traders are hedging against short-term downside risks amid market uncertainty. The max pain level is around $70,500, serving as a potential price reference near expiries. Overall, the market balances optimism for price gains with caution for possible near-term pullbacks.
Kalshi introduced Ethereum perpetual futures on June 4, offering US traders regulated crypto derivatives with no expiration dates and a temporary zero-fee promotion. This follows their Bitcoin perpetual futures launch, marking a significant step in p...
Strategy's Bitcoin holdings face nearly $11 billion in unrealized losses due to recent market drops, yet the company remains the largest institutional BTC holder. Standard Chartered analysts interpret these losses as signs of a potential market botto...
Veteran trader Peter Brandt warns that Bitcoin, having reached his initial downside target near the February low, could still decline further before forming a tradable bottom. He suggests that Bitcoin might enter a terminal wash-out phase, meaning a ...
Bitcoin and Ethereum are experiencing significant bearish trends, with Bitcoin falling below key support levels near $63,000 and Ethereum dropping below $2,000, both showing oversold conditions but still vulnerable to further declines. Stellar showed...
XRP's price dropped over 3% to around $1.16, with analysts suggesting a possible retreat to $1.03 as part of a longer consolidation phase rather than a deeper downtrend. The XRP Ledger is preparing for its 3.2.0 upgrade, which includes renaming its c...
