derivatives

Bitcoin bulls target $40K as Friday’s $1B BTC options expiry approaches

On Feb. 5, a total of $1 billion in Bitcoin (BTC) options open interest is set to expire. This number is small relative to the past month’s $4 billion options expiry, but monthly and quarterly options typically concentrate the most volume.  Friday’s expiry is somewhat unusual although it is balanced at the current BTC levels. …

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FTX Token (FTT) rallies 105% as interest in derivatives trading grows

FTX is a cryptocurrency derivatives exchange backed by Alameda Research, a quantitative trading firm and crypto liquidity provider.  The exchange launched in April 2019 and offered the usual spot trading, inverse swaps and futures contracts that can be found at other major platforms. By early 2020, the exchange launched its daily and weekly binary BTC …

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3 reasons why Ethereum price is still on track to top $2,000

After dropping 27% over three days, Ether (ETH) price finally reached a bottom at $1,040 on Jan. 22.  The sharp correction liquidated $600 billion worth of future contracts but interestingly, Ether price rebounded to a new all-time high even as Bitcoin price continues to trade in a slight downtrend. According to Cointelegraph, the increasing TVL …

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Key metrics show this week’s $4B Bitcoin options expiry favors bulls

Over the past two weeks, Bitcoin price appears to have lost momentum and some analysts are suggesting that bears will be in control for the foreseeable future. Taking a look at derivatives market data provides a clearer picture of what is happening on the institutional side and how the moves of larger players may impact …

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Pro traders buy the dip as bears push Bitcoin price to the edge of $30K

In the last 24-hours Bitcoin (BTC) price dropped 14% and tested the $32,000 support for the fifth time this year. Traders probably became even more worried as the price fell to $31,050 but at the time of writing the 4-hour chart suggests that the selling could be slowing down.  Currently the shorter-term charts indicate that …

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Pro traders go short as overbought derivatives propel Ethereum’s new high

Ether’s (ETH) performance over the past week has been nothing short of exceptional. The price rallied from a $905 low on Jan. 11 to a new all-time high at $1,440 on Jan. 19.  According to Cointelegraph, the main reasons fueling this move are the growth of decentralized finance (DeFi) protocols as the total value locked …

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3 Bitcoin price indicators prove pro traders are still bullish on BTC

This week’s $11,000 drop occurred in just 32 hours and this definitely an important milestone for Bitcoin (BTC) price.  Many mainstream media outlets perceived the correction as the start of a new bear market but data simply does not support this line of thinking. Bitcoin price may have corrected 26.5% as if dropped to retest …

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Ethereum price tumbles to $915, but traders are bullish for 4 key reasons

The past week has been an emotional rollercoaster for Ether (ETH) traders as there were seven 4-hour candles of a 10% or larger price movement.  Furthermore, the most recent 30% drop to $920 triggered $550 million in liquidations on long futures contracts. To complicate things even further, this current price correction is taking place just …

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Crypto derivatives gained steam in 2020, but 2021 may see true growth

2020 was the most important year for the crypto derivatives market so far. Both Bitcoin (BTC) and Ether (ETH) derivatives steadily grew throughout the year, with their futures and options products available across exchanges such as the Chicago Mercantile Exchange, OKEx, Deribit and Binance.  On Dec. 31, Bitcoin options open interest reached an all-time high …

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Bitcoin price surged to $24.6K, but direction of next rally is unclear

The price of Bitcoin surpassed its all-time high on Christmas, reaching $24,681 on Binance. Following BTC’s strong rally, traders and analysts are exploring short-term bear and bull cases.  The market sentiment around Bitcoin remains overwhelmingly positive, but there are some concerns put forth by analysts in the foreseeable future and as a result, the next move …

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