XRP Bearish Sentiment Held Derivatives Hostage for Months: Is The Balance Shi...
XRP is struggling to hold the $1.35 level as the price consolidates within a long-term range that has tested the patience of bulls waiting for a decisive break in either direction. The surface picture is uninspiring — a market grinding sideways without conviction in either direction. But an Arab Chain report tracking the derivatives market […]
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ETH price dropped 30% in two weeks, and derivatives data shows pro traders are bearish even with Feb. 25’s rally back toward $2,800. Ether (ETH) reached a $3,280 local high on Feb. 10, marking a 51.5% recovery from the $2,160 cycle low on Jan. 24. That price was the lowest in six months, and it partially explains why derivatives traders’ main sentiment gauge plummeted to bearish levels.Ether’s futures contract annualized premium, or basis, reached 2.5% on Feb. 25, reflecting bearishness despite the 11% rally to $2,700. The worsening conditions depict investors’ doubts regarding the....
Derivatives traders have become noticeably more conservative this month compared to last, new data shows. Bitcoin (BTC) futures are starting to see record discounts as sentiment among derivatives traders worsens. In its latest dedicated report issued Aug. 23, analysis firm Arcane Research painted a worrying picture of morale among BTC futures participants.Futures basis revisits June lowsAfter an initial shock during June’s BTC price drop, which has since held as a macro bottom, Bitcoin derivatives have not been the same.After an initial bounce, metrics are trending downwards, and this....
Data shows the Bitcoin investors on derivatives exchanges still lean bearish toward the cryptocurrency even after the recent price recovery. Bitcoin Short Positions Still Outweigh The Long Ones In a new post on X, on-chain analytics firm Glassnode has talked about how Bitcoin market sentiment is looking from the lens of the derivatives market right […]
Bitcoin price has avoided a bigger plunge below $18,000 in recent months, raising expectations that a market bottom is forming. An army of small Bitcoin (BTC) investors has been fighting with their larger counterparts for months to keep the price above $18,000.Bitcoin accumulation strong among fishesNotably, there has been some on-chain divergence between so-called whales (entities that hold more than 1,000 BTC) and fishes (entities that hold relatively smaller amounts of BTC) as Bitcoin continues to fluctuate inside the $18,000-$20,000 area.Bitcoin fishes have been accumulating BTC during....
The overall balance on Coinbase, the publicly traded digital exchange, has dropped by about 36.6 percent in the last 24 months due to huge BTC outflows. Reports Shows BTC Exchange Supply Has Decreased The overall Bitcoin balance on Coinbase has reached roughly 650,000 coins, according to Glassnode, a notable on-chain analytics platform, compared to an all-time high of 1,025k BTC in April 2020. Coinbase’s balance has dropped by about 30k BTC in the last week. Since April 2020, bitcoin outflows from digital asset trading platforms have been increasing. In the last two years, the....