Ethereum options traders are heavily hedging against downside risk as expiry approaches, with a put/call ratio of 1.71 indicating bearish sentiment. In contrast, Solana shows a bullish skew with a low put/call ratio of 0.34, suggesting optimism among traders. XRP options reflect mixed sentiment with near-neutral open interest but short-term rebound bets. These differing positions highlight varying trader expectations for these altcoins in the near term, with Ethereum cautious, Solana optimistic, and XRP balancing risks and potential gains.
Tom Lee, Chair of BitMine Immersion Technologies, predicts Ethereum is at a market bottom and entering a phase of exponential growth as it transitions to Ethereum 2.0. Citing analyst Tom DeMark, Lee compares Ethereum's current state to the S&P 500 in...
Bitcoin trades at $62,828 after a 2.11% decline, while Ethereum dropped 4.21% to $1,828. Both cryptocurrencies are closely watched around their support and resistance levels, especially Bitcoin's 200-day moving average, which signals broader market t...
Ethereum (ETH) surged over 5% to nearly $1,930 following softer US inflation data, driven by hopes for Fed rate cuts and renewed ETF inflows. However, the price quickly retraced to around $1,850 due to leveraged position liquidations and rising geopo...
On July 17, Bitcoin and Ethereum options worth about $1.43 billion expired, with Bitcoin options totaling $1.2 billion and Ethereum options $230 million. Bitcoin traded steadily between $60,000 and $65,000, showing low volatility and a put-call ratio...
Top traders in Ethereum futures markets have significantly increased their long positions, with USDT-margined accounts holding longs jumping over 6 percentage points. This shift indicates growing bullish sentiment among sophisticated traders, especia...
