Bitcoin's price decline in June has pushed about $8.6 billion of the $10.6 billion worth of bitcoin options expiring on June 26 out of the money, meaning most bullish bets are currently underwater. Only 20% of these options are profitable if exercised now, highlighting a strong market imbalance that could trigger volatile price swings as traders adjust positions before expiry. Key support and resistance levels are at $60,000 for puts and $80,000 for calls. Additionally, the max pain price of $74,000 suggests bitcoin might rebound toward this level as expiry approaches, though this effect is debated in crypto markets.
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...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
Economist Peter Schiff predicts Bitcoin's price could fall to as low as $20,000, citing resistance near $65,000 and support around $58,000. He criticized Strategy (formerly MicroStrategy) for raising $450 million through stock issuance instead of usi...
