Bitcoin options data reveals a bullish medium-term outlook with call options making up 62% of open interest, indicating traders expect higher prices. However, recent trading volume has shifted toward put options, reflecting increased demand for short-term downside protection amid market uncertainty. Total open interest dropped 30% to $24.61 billion, suggesting some risk trimming or contract expiries. Key strike prices around $60,000 to $80,000 are focal points where price moves could be amplified by hedging activity, signaling that while optimism remains, traders are cautious about near-term volatility.
The US intervened in currency markets by buying Japanese yen for the first time since 1998 to support the weakening yen, which had hit near a 40-year low against the dollar. Japan also intervened heavily, spending over $50 billion, with South Korea j...
Top futures traders significantly increased their long positions in Bitcoin and Ethereum, especially in USD-margined markets, indicating a rising appetite for leverage and potential market volatility. Data shows Bitcoin longs rose to 61.72% and Ether...
Bitcoin is set to close July with a 7.5% gain despite challenges like rising interest rate expectations, higher bond yields, and a $38 million Coldcard wallet hack. Analysts attribute Bitcoin's resilience to reduced forced selling after leveraged pos...
The 30-year U.S. Treasury yield hit its highest level since 2007, making bonds more attractive and drawing capital away from riskier assets like cryptocurrencies. This shift has contributed to a significant drop in crypto market value, with Bitcoin l...
Bitcoin fell 3.5% to $62,369, its lowest in over two weeks, influenced by stagnant US markets and renewed global macroeconomic tensions. While Wall Street struggled, the South Korean KOSPI index surged 17.9%, driven by the AI and semiconductor sector...
