online resources

Why asset managers are long and dealers short on Bitcoin?

Despite trading above $13000, Bitcoin is not over-leveraged. The overall positioning mix is largely the same as July 2020. This comes as a surprise, as the price has gained 20% in this duration and the sentiment was anticipated to change based on Markets Science’s latest report.  The sentiment is similar to July based on the […] The post Why asset managers are long and dealers short on Bitcoin? appeared first on AMBCrypto.

Continue Reading Why asset managers are long and dealers short on Bitcoin?

Are we closer to the next drop in Bitcoin open interest?

The aggregate open interest in Bitcoin futures is up 43% since the beginning of October. Based on data from Skew, cyclical drops in Bitcoin’s open interest on top derivatives exchanges occur every 45-50 days. In the past year there were 3 peaks of open interest above $5.5 Billion, a few months apart from each other. […] The post Are we closer to the next drop in Bitcoin open interest? appeared first on AMBCrypto.

Continue Reading Are we closer to the next drop in Bitcoin open interest?

It’s a bull trap! 3 key metrics forecast Bitcoin price rejection at $11K

3 key indicators signalled that Bitcoin’s rally to the $11K level was a dud. Traders are usually skeptical as Bitcoin (BTC) approaches key resistances, and there was no exception as the price added 7.7% to attack the $11K level.   Not every rally will shift technical indicators to overbought levels, but there is usually some gain in volume and futures contracts sentiment that may transition from neutral to bullish. Derivatives markets are especially sensitive to trend changes due to leverage. Yesterday, as Bitcoin price closed in on $11K, Cointelegraph cautioned that the move shouldn't raise hopes too high as rejection at…

Continue Reading It’s a bull trap! 3 key metrics forecast Bitcoin price rejection at $11K

Sub-$10K Bitcoin price caused $653M open interest drop, largest since March

Pro traders bullish sentiment softened after Bitcoin futures open interest fell in tandem with traditional markets which also recorded notable losses. Bitcoin (BTC) futures open interest just had its most extensive daily reduction in five months. Yesterday's 11% drop move caused more liquidations than May 9 when BTC plunged 12.5% to $8,600. BTC futures open interest in USD terms. Source: Skew Skew data shows total open interest down by $653 million, reaching $4 billion on Sept. 3. That figure includes perpetual (inverse swaps) and futures with set expiry on OKEx, CME, Binance, and remaining derivatives exchanges. Yesterday’s move was the…

Continue Reading Sub-$10K Bitcoin price caused $653M open interest drop, largest since March

Pro Traders Unfazed by Bitcoin Price Stalling at $12,400, Data Shows

Derivatives data and other key metrics show pro traders remain strongly bullish on Bitcoin despite the recent rejection at $12.4K. Bitcoin’s (BTC) recent rejection at $12,400 triggered $234 million in futures contract liquidations across derivatives exchanges. Despite a 30% rally in the past 30 days, maintaining the $11,700 level as support is undecided.Bitcoin hasn't seen a lower low ever since the mid-March 50% shakedown, which caused the price to test the sub-$4,000 level.Bitcoin USD 4-hour chart. Source: TradingViewSurely there have been ups and downs over the past three weeks, although a clear uptrend has been present. Traders' sentiment certainly wasn't…

Continue Reading Pro Traders Unfazed by Bitcoin Price Stalling at $12,400, Data Shows

Crypto Derivatives Set New Records, ETH Futures Set All-Time Highs, CME Open Interest Spikes

Digital currency derivatives have been on fire during the last two weeks as ethereum futures volumes touched an all-time high on Sunday. The popular derivatives trading platform Deribit saw 1.9 million ETH contracts traded and CME Group is now the third-largest exchange in terms of bitcoin futures open interest. Data shows that cryptocurrency futures and options are seeing significant demand in 2020. Statistics from Skew.com, CME Group, The Tie, and Deribit indicate a lot of action has been happening in the land of crypto derivatives. Deribit’s recent newsletter shows that the exchange saw a new record in July as the…

Continue Reading Crypto Derivatives Set New Records, ETH Futures Set All-Time Highs, CME Open Interest Spikes

$1.2B Bitcoin Futures and Options Contracts Just Expired — What’s Next?

$1.2 billion in Bitcoin futures and options expired today, what does this mean for BTC price? A total of 106,000 Bitcoin (BTC) futures contracts and options expired today, and this has investors curious about how BTC price may respond, leading into and after the expiry. Bears were not expecting the most recent run to $11,000, especially after two months of sideways trading activity.The 52% increase in Bitcoin futures’ aggregate open interest increase in July indicates that sellers are either excessively confident or mostly using it for hedge and arbitrage opportunities.Bitcoin futures aggregate open interest. Source: SkewThe above data shows total futures…

Continue Reading $1.2B Bitcoin Futures and Options Contracts Just Expired — What’s Next?

BTC Futures Volume Skyrockets To $40 BLN, Highest Since March

The BTC futures volume skyrockets to $40 billion, following the latest bitcoin price movement with an aggregate open interest and trading volume reaching the highest numbers since March as we are reading further in the latest Bitcoin news today. As the BTC price rises, the futures market is booming and the aggregate open interest and trading volume reached the highest level since the March Black Thursday crash. The BTC futures volume skyrockets but regulated markets are included here as well as Bakkt registered record volumes back on Monday. Bitcoin’s recent price surge was followed by an explosive volume in derivatives…

Continue Reading BTC Futures Volume Skyrockets To $40 BLN, Highest Since March

Trading Activity In BTC Futures On CME Drops To 3-Month Low

The trading activity in BTC futures listed on the Chicago Mercantile Exchange (CME) dropped to a 3-month low as we are reading more in the upcoming BTC news. The daily trading activity in BTC dropped to $87 million and hit the lowest level since April 17 when the exchange-traded contracts were worth $77 million according to the data from derivatives research platform Skew. The volume topped out at $914 million on May 11 as Bitcoin underwent its third miner reward halving and was in a declining trend ever since. The halving was expected to put a strong bid under the…

Continue Reading Trading Activity In BTC Futures On CME Drops To 3-Month Low

End of content

No more pages to load