Total crypto market cap takes another hit, but traders remain neutral
The total crypto market cap is at risk of falling below $825 billion, but data shows traders actively adding to their longs and shorts.
The total crypto market cap is at risk of falling below $825 billion, but data shows traders actively adding to their longs and shorts.
Data suggests that BTC’s rally to $18,300 is the only Santa Claus rally Bitcoin will see before the year ends.
BTC bears are positioned to profit from this week’s Bitcoin options expiry, especially if price stays below $18,000.
Pro traders aren’t buying ETH’s recent rally to $1,350 and data shows they expect Ether price to retrace if Fed chair Powell takes a hawkish tone on Wednesday.
All eyes are on this week’s Federal Reserve meeting, and BTC traders hope that positive strides against inflation trigger a run to $18,000.
BTC bulls could secure a $130 million profit in the Dec. 9 options expiry, but bears aim to balance the scales by keeping Bitcoin price below $17,000.
Traders are not sure if ETH will be able to hold the $1,200 level while the S&P 500 rapidly approaches the crucial 3,900 support and ETH derivatives data hints at…
BTC whales and market makers are holding their leveraged long positions, even though BTC failed to break above $17,400 on Dec. 5
The total crypto market recovers some lost ground as the contagion risks associated with FTX’s collapse begin to look resolvable.
Negative newsflow continues to make headlines but BTC’s recent move above $17,000 suggests investors are finding reasons to be bullish.