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Looking at Bitcoin and Ethereum derivatives shows that they have been affected by the FTX fallout, with data analyzed by CryptoSlate showing that over 160,000 BTC has been unwound since the beginning of October.
The post Research: Bitcoin, Ethereum derivatives are unwinding appeared first on CryptoSlate.
Ethereum traders are betting on a "sell-the-news" event on the day of the Merge as ETH exchange balance jumps.
The launch of India’s first Bitcoin and Ethereum Futures ETF and Metaverse US-listed Large-cap Discount Certificates by Torus Kling Blockchain IFSC, a 50:50 joint venture between Sam Ghosh endorsed Cosmea Financial Holdings (CFH) and Kling Trading India, signed an MOU with India INX has been the hot topic of the hour in the nation, as […]
According to an SEC filing, Neuberger Berman is the latest investment heavyweight to join the crypto conga line. In an SEC filing today, Neuberger Berman stated the following for its Commodity Strategy Fund: "Toward the end of the reporting period, the Fund also began investing in bitcoin futures traded on futures exchanges registered with the […]
The post Another Major Investment Firm Invests In Crypto appeared first on CryptosRus.
Ethereum has left Bitcoin in the dust with its latest rally towards $3,100. Heres whether this run is sustainable based on futures market data. Ethereum Has Separated From Bitcoin With Over 7% Jump In Past Week While Bitcoin has been in consolidation lately, Ethereum appears to have been putting together bullish momentum entirely of its [...]
The post Ethereum Leaves Bitcoin Behind, But Is This Rally Sustainable? appeared first on Crypto Breaking News.
Ethereum has broken beyond the $2,900 level during the past day, but data shows the futures market may be starting to become overheated. Ethereum Has Now Broken Through The $2,900 Level While Bitcoin has slumped to an overall sideways trajectory recently, Ethereum appears to have decided to pick a path of its own, as the [...]
The post Ethereum Breaks $2,900, But Watch Out For Futures Overheating appeared first on Crypto Breaking News.
Data shows the Ethereum Open Interest has recently observed a sharp jump to a new all-time high (ATH) of around $16.8 billion. Ethereum Open Interest Has Shot Up Recently In a new post on X, CryptoQuant community analyst Maartunn has discussed about the latest trend in the Ethereum Open Interest. The “Open Interest” here is an indicator that keeps track of the total amount of ETH-related derivatives positions currently open on all centralized exchanges. Related Reading: Glassnodes Bitcoin Seller Exhaustion Indicator Just Flashed A Signal: Bottom In? Below is the chart the analyst shared that shows this metric’s trend over the past week. The graph shows that the Ethereum Open Interest has observed a sharp increase over the past day. This means the investors have just opened many new positions on the derivatives market. Generally, the total amount of leverage in the market goes up whenever new positions pop up, so mass liquidation events can become more probable. A Mass liquidation event, popularly called a squeeze, can be a violent event where a large amount of liquidations occur simultaneously, feeding back into the price move that caused them. This provides more fuel for the move, which in turn causes even more liquidation. Ethereum has been rallying recently, so some speculative interest is normal, but the scale of the latest Open Interest increase may be concerning. The metric has increased by around 19% within a 24-hour span, reaching a new ATH of around $16.8 billion. As has often happened in history, this rapid growth in the Ethereum Open Interest could once again lead into volatility for the asset’s price. “This is guaranteed for heavy fireworks,” notes Maartunn. In theory, the volatility resulting from this increase in the indicator could take the asset in either direction. Still, since the rise has come alongside a rally in the ETH price, these positions will likely be long. Related Reading: Bitcoin Sentiment Cools Down From Extreme Greed: Can Rally Restart Now? And indeed, as an analyst pointed out in a CryptoQuant Quicktake post, the Ethereum Funding Rates have been positive recently, implying the long positions have been outweighing the short ones. Usually, a squeeze is more likely to affect the side of the market with more positions. As such, if the overheated derivatives market unwinds in a volatile storm, Ethereum may come out with a drawdown in the price. ETH Price At the time of writing, Ethereum is trading at around $3,500, up almost 7% over the last seven days. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Ether’s price retested $1,780 after the news of the United States Securities and Exchange Commission (SEC) suing cryptocurrency exchanges Binance and Coinbase, but it’s not preposterous to suggest that Ether bulls should be more than happy that its price did not break below the 67-day support. The SEC’s actions are actually a double-edged sword for [...]
The post Security or not, Ether looks poised to hold the $1.8K level based on 3 key metrics appeared first on Crypto Breaking News.
ProShares has filed for an equal-weight Bitcoin and Ether exchange-traded fund, marking the 11th Ether ETF application in less than seven days.
Ether has advanced notably in the exchange-traded funds (ETFs) domain by significantly broadening its range of cryptocurrency investment opportunities. Just recently, ProShares lodged an application with the U.S. Securities and Exchange Commission (SEC) with the aim of gaining the SEC’s nod for an ETF centered around Ether Futures. This strategic action highlights the increasing mainstream […]
Fund managers are racing to launch Ether futures ETFs with at least half a dozen applications submitted to the Securities and Exchange Commission since Friday. [...]
Ethereum price is currently still below $2,000 but this could quickly change if some things were to come to pass. Some of the most notable things that have been going on for the cryptocurrency include the multiple exchange-traded funds (ETFs) filings that have been made to the United States Securities and Exchange Commission (SEC). When [...]
The post Ethereum Price Could Break Above $2,000 If This Happens appeared first on Crypto Breaking News.
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