Bitcoin whales and market makers continue to add to their leverage long positions, even though it’s unclear whether $15,500 was the final bottom.
Bybit launching a $100 million fund and Binance’s proof of reserves might have marked the cycle low at $15,500.
Bears are better positioned to profit roughly $215 million during November’s Ether options expiry, putting pressure on ETH’s price near a critical resistance level.
BTC bulls were liquidated during the drop to $15,500 on Nov. 21, and more downside could occur if bears profit $245 million during Friday’s expiry.
ETH bears continue to suppress Ethereum price, but institutional traders’ buying activity and exchanges’ aiming to provide more transparency could improve investor sentiment.
The total crypto market cap has dropped under $800 billion, but data highlights a few reasons why some traders are bullish.
In the past 48-hours Bitcoin traders added to their leveraged long positions even as crypto critics and politicians ramp up their criticism of cryptocurrencies.
Bears are better positioned for Friday’s $600 million BTC options expiry, but bulls can flip the tables if Bitcoin price trades above $18,000.
CME Bitcoin futures briefly traded at a 5% discount, alarming analysts, but what does it mean for BTC price?
ETH price hovers at a key support level and while it is softening, data shows pro traders are reluctant to go short.