Bitcoin’s current setup creates an interesting risk-reward situation for bulls

bitcoin’s-current-setup-creates-an-interesting-risk-reward-situation-for-bulls

A slight improvement in equities markets and the resilience of a few key BTC price metrics are giving bulls hope of a reversal. The Bitcoin (BTC) chart has formed a symmetrical triangle, which currently holds a tight range from $28,900 to $30,900. This pattern has been holding for nearly two weeks and could potentially extend … Read more

State Of The Bitcoin Derivative Market

state-of-the-bitcoin-derivative-market

The bitcoin derivatives landscape plays a major role in the bitcoin price in the short term. We have yet to see signs of a bitcoin macro bottom. The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and … Read more

Altcoin prices briefly rebounded, but derivatives metrics predict worsening conditions

altcoin-prices-briefly-rebounded,-but-derivatives-metrics-predict-worsening-conditions

Declining demand for Tether and negative futures premiums for altcoins reflect a growing disinterest from crypto investors. On May 12, the total crypto market capitalization reached its lowest close in 10 months and the metric continues to test the $1.23 trillion support level. However, the following seven days were reasonably calm while Bitcoin (BTC) gained … Read more

Here’s why bears aim to keep Bitcoin under $29K ahead of Friday’s $640M BTC options expiry

here’s-why-bears-aim-to-keep-bitcoin-under-$29k-ahead-of-friday’s-$640m-btc-options-expiry

Bitcoin is holding the $30,000 level, but the $640 million in BTC options that expire on May 20 could result in the price visiting recent lows. Over the past nine days, Bitcoin’s (BTC) daily closing price fluctuated in a tight range between $28,700 and $31,300. The May 12 collapse of TerraUSD (UST), previously the third-largest … Read more

Lost SOL? Persistent challenges continue to impact Solana price

lost-sol?-persistent-challenges-continue-to-impact-solana-price

SOL price has been repeatedly knocked down by network outages, a shrinking total value locked on the network and futures traders’ disinterest in trading the altcoin. The past thirty days have been an extremely bearish time for cryptocurrencies. The sector’s aggregate market capitalization plunged 33% to $1.31 trillion and Solana’s (SOL) downfall has been even … Read more

Dutch regulator says crypto not yet suitable as means of payment or investment

dutch-regulator-says-crypto-not-yet-suitable-as-means-of-payment-or-investment

Paul-Willem van Gerwen from the AFM believes the retail investors should forbear the crypto derivatives trade . A Dutch regulator stated that the crypto derivatives market should be restricted to wholesale trade. The reasons are not unfamiliar — lack of transparency, market manipulation and “other forms of criminal activity.” On May 12, the head of … Read more

BitMEX launches spot crypto exchange following $30M penalty

bitmex-launches-spot-crypto-exchange-following-$30m-penalty

Founded in 2014, BitMEX is one of the world’s oldest crypto trading platforms, but it has never offered spot crypto trading till now. Global crypto derivatives exchange BitMEX is expanding its platform beyond just derivatives by finally launching a spot crypto trading platform. BitMEX officially announced on May 17 that its spot crypto exchange, the … Read more

Bitcoin bulls aim to flip $30K to support, but derivatives data show traders lack confidence

bitcoin-bulls-aim-to-flip-$30k-to-support,-but-derivatives-data-show-traders-lack-confidence

The BTC futures premium flashed a slightly positive reading, but options markets show extreme fear from whales and market markers. Bitcoin (BTC) bounced 19% from the $25,400 low on May 12, but has investor confidence in the market been restored? Judging by the ascending channel formation, it’s possible that bulls at least have plans to … Read more

Bitcoin and Ethereum had a rough week, but derivatives data reveals a silver lining

bitcoin-and-ethereum-had-a-rough-week,-but-derivatives-data-reveals-a-silver-lining

BTC, ETH and altcoin prices were crushed this week, but the futures funding rate shows retail traders are not ready to become permabears. This week the crypto market endured a sharp drop in valuation after Coinbase, the leading U.S. exchange, reported a $430 million quarterly net loss and South Korea announced plans to introduce a 20% … Read more

3 reasons why bears aim to pin Bitcoin below $30K for this week’s BTC options expiry

3-reasons-why-bears-aim-to-pin-bitcoin-below-$30k-for-this-week’s-btc-options-expiry

BTC price is in a freefall and data suggests bears plan to keep the price below $30,000 until the May 13 options expiry. Investors were surprised by Bitcoin (BTC) price falling to $25,500 on May 12, and this shock extended to options traders. The strong correction was not restricted to cryptocurrencies and some large-cap stocks … Read more