Data shows Ether options traders are less bearish than before, but lower gas fees and smart contract deposits give ETH bulls little hope.
Category: Market Analysis
Bitcoin traders pinpoint key levels to watch as BTC price tests key trendlines
The 200-week moving average is just one of a series of lines in the sand for Bitcoiners to keep their eye on this week.
MicroStrategy stock MSTR hits 3-month high after CEO’s exit
Poor earnings coupled with overvalued fundamental metrics pose long-term bearish risks for MSTR.
Bitcoin price battles $23.5K resistance amid relief over Pelosi Taiwan trip
A lack of immediate retaliation from China emboldens U.S. stocks as new research concludes that the market is becoming increasingly “risk-on.”
Polygon gains 83% in a month, but data show project has been losing traction
MATIC’s market cap is 69% below its all-time high, and the network’s TVL and DApp data haven’t picked up recently.
Bitcoin bulls aim for $25K price on Friday’s $510M options expiry
BTC price has been gaining momentum as it nears $24,000, and this week’s options expiry could help bulls profit $200 million.
Bitcoin miners now hold a record 1.856M BTC — new data
Miners go from sellers to hodlers again as the worst of June’s capitulation phase seems to pass.
Bitcoin derivatives show a lack of confidence from bulls
High correlation to stock markets and recession risks limit optimism on the part of BTC investors.
Pro traders may use this ‘risk averse’ Ethereum options strategy to play the Merge
Ethereum’s Merge upgrade is expected to induce volatility in ETH price, but options traders can safely remain long by using this strategy.
Top 5 cryptocurrencies to watch this week: BTC, BNB, UNI, FIL, THETA
Consolidation from BTC has opened the door for BNB, UNI, FIL and THETA to run higher.