Ethereum options open interest reached $6.38 billion, with calls making up 62.23%, indicating a bullish medium-term outlook. However, short-term trading volume is dominated by puts at 58.11%, reflecting traders' demand for downside protection and hedging against near-term volatility. This mix suggests investors maintain optimism for price gains while preparing for potential short-term pullbacks. Most trading occurs on offshore crypto exchanges, highlighting their role in price discovery despite some regulated market participation.
Ethereum (ETH) saw a 10% gain in the past week but faced selling pressure after reaching the $1,800 resistance level, causing a nearly 2% drop recently. Despite a brief recovery in ETF inflows, overall market sentiment remains bearish with over $1 bi...
Cryptocurrency markets saw a general decline with major coins like Bitcoin and Ethereum dropping by about 1.2% and 1.1% respectively. Bitcoin traded near $61,883 while Ethereum hovered around $1,748. Other altcoins also experienced losses, reflecting...
Bitmine Immersion increased its Ethereum holdings by 42,197 ETH, worth about $74 million, raising its total to 5.74 million ETH or 4.8% of the circulating supply. Chairman Tom Lee credits this buying spree to rising investor optimism that the propose...
Most major cryptocurrencies saw price declines, with Bitcoin falling 1.55% to about $61,686 and Ethereum down 1.29% near $1,740. Other coins like Binance Coin, XRP, and Cardano also dropped, reflecting a broad market pullback. Stablecoins remained st...
Bitcoin surged to around $62,800 after dropping below $58,000 earlier in July, signaling renewed confidence in the crypto market and easing concerns of a deeper fall to $50,000. Ether also recovered to about $1,760 following a recent dip. While major...
