Options data: Big Bitcoin traders are still betting on a “retrace” despite halvingBTC $9697 (-0.5%) • ETH $212 (+2.3%) • XRP $0.20 (+0.8%)
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It’s been quite the past few months for Bitcoin. In the face of a recession — a recession that central bankers are saying will be the worst in modern history, potentially worse than the Great Depression — the cryptocurrency market has not only rallied, but it has also seen positive news flow. So positive, in fact, that Bitwise branded the past six weeks have been among the most eventful—and bullish—in crypto’s history.” Despite this, cryptocurrency derivatives exchange Deribit indicated that per the trades being completed on their platform, they can tell that “real money” is still leaning bearish on Bitcoin for the time being.
More news ⏬Bitcoin sees declining network health despite price rally towards $10,000
Bitcoin’s macro uptrend seen throughout the past two months has now led it to enter a consolidation phase as it struggles to surmount $10,000. Beware: this altcoin’s price action could be part of a pump and dump scheme
0x has been in the spotlight of the cryptocurrency market following an increase in the buying pressure behind it that saw its price rise over 140 percent. Early Ripple investor: “99 percent” of people in crypto just seek financial gains
The cryptocurrency market is like none other. Most “traditional” investors shy away from the volatile market, even as returns eclipse any other asset class, and blockchain technology continues to develop. Report: Hackers targeted supercomputers in Europe to mine Monero (XMR)
Supercomputers across Europe fell victim to a widespread and seemingly coordinated cybersecurity attack last week, getting hit with the illicit installation of malware focused on mining Monero (XMR). CEO: DeFi gives Ethereum a “higher ceiling” to rally towards than 2017’s bull run
While Ethereum was rolled out with the branding of being “The World Computer” capable of doing effectively anything that could be coded, the project arguably didn’t have a killer use case until recently. Fund manager: Past 6 weeks have been one of Bitcoin’s most bullish periods ever
Despite the rallies in Bitcoin and the stock market, the past three months have been the worst months for the economy since the Great Recession, maybe even earlier. The CME is capturing a major share of the crypto market as institutional presence grows
The introduction of Bitcoin futures to the CME has given professional traders, leveraged funds, and institutional investors a great gateway to gain exposure to the benchmark crypto. What else?📈 Ethereum exchange balance rockets to all-time highs; spelling trouble for its strength ⌚️ On-chain data indicating Bitcoin could soon see “fast growth,” research finds Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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Options data: Big Bitcoin traders are still betting on a “retrace” despite halving