Every once in a while, a new indicator pops out that can be used to detect price tops and bottoms in the market. This assertion is even more evident in cryptocurrencies because the data comes from exchanges and on-chain data extracted from the blockchain.These indicators are constantly monitored and commented on by analysts and traders. Some of the lesser-known metrics use data … [Read more...] about Here’s how altcoin futures volumes and the USD lending rate signal market crashes
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$540 million ‘rekt’ as top cryptos plunge overnight. Here’s the aftermath
Bitcoin dropped to under $30,000 last night and sparked a selling frenzy in the crypto market—one that led to half a billion dollars in liquidations, $285 million of that in BTC alone.As per data from analytics app Bybt, over 113,956 traders were liquidated on various crypto exchanges, with the largest single liquidation order occurring on futures powerhouse Bybit—a Bitcoin … [Read more...] about $540 million ‘rekt’ as top cryptos plunge overnight. Here’s the aftermath
Here’s 2 ways clever pro traders spot crypto and stock price reversals
Trading in the direction of the trend is one of the best ways to be profitable. If traders learn to spot a new trend early, it provides an opportunity to buy with a good risk to reward ratio. In addition to identifying a trend, traders should also be able to recognize when it has reversed direction.While several patterns signal a possible trend change, one of the easiest to … [Read more...] about Here’s 2 ways clever pro traders spot crypto and stock price reversals
Bullish on Ethereum’s London hard fork? Here’s an options strategy pro traders use
The Ethereum network will undergo a major upgrade on Aug. 4, as the long-awaited London hard fork is expected to launch at block 12,965,000. The transition is part of a roadmap leading to the Ethereum 2.0 release, which aims to migrate the network to a proof-of-stake consensus mechanism.By no longer depending on the intense energy-consumption mining, the main goal is to … [Read more...] about Bullish on Ethereum’s London hard fork? Here’s an options strategy pro traders use
Here’s why pro traders expect further downside from Ethereum price
Derivatives data shows that Ether (ETH) traders are feeling less bullish when compared to Bitcoin (BTC). Even though the altcoin captured a nearly 200% gain in the first half of 2021 versus Bitcoin's modest 22% price increase, traders seem to be more affected by Ether's recent underperformance.Institutional flow also backs the decreased optimism seen in Ether derivatives, as … [Read more...] about Here’s why pro traders expect further downside from Ethereum price