Bitcoin Options Open Interest Nears All Time High – But Rise in Puts Could Presage Drop
While soaring open interest can be a sign of a continuing trend, the offloading of calls suggests bitcoin could correct further. Source
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Despite 10% Drop From Highs, Ethereum Holds Pivotal Moving Average
From Monday to Wednesday, Ethereum suffered the first strong correction seen in a few weeks. The asset slipped
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Bitcoin Risks Deeper Drop if Dollar Rebounds
The bitcoin price could pull back even further should the dollar stage a full-blown recovery on the back of the latest Fed meeting. Source
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Stablecoin Demand May Drop if Traders Abandon Bitcoin ‘Cash and Carry’ Strategy
Institutional demand for stablecoins may cool because yield on “carry trades” has been cut in half since Monday. The annualized rolling one-month futures basis shot as high as 28% at the start of the week on the Malta-based cryptocurrency exchange OKEx, the biggest in terms of open interest. That was the
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Same Indicator That Called March Plunge Raises Chances For Big Bitcoin Drop
Bitcoin has been rocketing over the last several weeks, along with the rest of the cryptocurrency market. Most
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Blockchain Bites: Hashrates Drop, Bitcoiners Hodl and an Open Letter to Bankers
Floods are dampening bitcoin mining hashrates, Ethereum Classic may be thrown off its most popular exchange and bitcoin is moving off exchanges. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CryptoX’s newsletters
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Bitcoin Exchange Reserves Drop to a 12-Month Low Fueling Bullish Optimism
The number of bitcoin held on exchanges has touched a 12-month low, as bitcoin exchange balances have reached levels not seen since June 2019. According to onchain statistics, there’s more than 2.6 million BTC held on global trading platforms worldwide.Data from a number of sources show that the bitcoin
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Bitcoin Looks Overbought But Analysts Play Down Drop Fears
Bitcoin's rally looks overstretched, according to a technical indicator, but short-term price consolidation looks more likely than a drop, say analysts. Source
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These 3 Signs Indicate Bitcoin Could Drop After 20% Explosion to $11.5k
Bitcoin has extremely strong price action over recent days. At the highs of the rally on Monday, the
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Despite Bitcoin Surge Towards $10k, Analyst Thinks a Drop to $7k Is Possible
It’s been an impressive past few days for the Bitcoin market. The leading cryptocurrency started the week at
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