Institutional traders flock to Solana as demand for ETH and BTC flattens

Institutional traders have flocked to Solana (SOL) as demand for Ether (ETH) and Bitcoin (BTC) exposure has flattened, with SOL investment products representing a whopping 86.6% of total weekly inflows to crypto investment products last week. According to Tuesday’s issue of CoinShares’ “Digital Asset Fund Flows Weekly,” SOL investment products saw inflows of $49.4 million… Continue reading Institutional traders flock to Solana as demand for ETH and BTC flattens

Traders know not to ‘go long’ when this classic trading pattern shows up

Buying an asset in a downtrend can be a risky maneuver because most investors struggle to spot reversals and as the trend deepens traders take on deep losses. In instances like these, being able to spot descending channel patterns can help traders avoid buying in a bearish trend. A “descending channel,” also known as a… Continue reading Traders know not to ‘go long’ when this classic trading pattern shows up

3 ways traders use Bitcoin futures to generate profit

Whenever there’s data out on futures contracts liquidation, many novice investors and analysts instinctively conclude that it’s degenerate gamblers using high leverage or other risky instruments. There’s no doubt that some derivatives exchanges are known for incentivizing retail trading to use excessive leverage, but that does not account for the entire derivatives market. Recently, concerned… Continue reading 3 ways traders use Bitcoin futures to generate profit

Ethereum traders expect volatility ahead of Friday’s $820M options expiry

Ether (ETH) will face a critical $820 million monthly options expiry on Friday, Aug. 27. That will be the first time that $3,000 and higher options will have a real fighting chance, even though bulls seem to have missed a good opportunity to dominate the expiry because they were too optimistic about Ether’s price potential.… Continue reading Ethereum traders expect volatility ahead of Friday’s $820M options expiry

Pro traders are mildly skeptical about Bitcoin’s recent return to $50K

The price of Bitcoin (BTC) is back at the $50,000 level, and there’s little doubt that the 47% positive rally over the past 30 days has been fueled by whale accumulation, institutional adoption and positive remarks from regulators regarding a possible exchange-traded fund (EFT) approval. Despite the positive newsflow, the top traders at crypto exchanges… Continue reading Pro traders are mildly skeptical about Bitcoin’s recent return to $50K

Crypto Traders to Sue Binance for Millions After May Outage

Key Takeaways The Swiss litigation finance group Liti Capital has raised $5 million to sue Binance on behalf of a group of cryptocurrency traders. Many traders allege that Binance’s futures market and leveraged tokens products stopped working as intended during a major crypto crash on May 19. Binance has allegedly refused to fully compensate users… Continue reading Crypto Traders to Sue Binance for Millions After May Outage

Pro traders know it’s time to range trade when this classic pattern shows up

A bull trend is formed when demand exceeds supply and a bear trend occurs when sellers overpower the buyers. When the bulls and bears hold their ground without budging, it results in the formation of a trading range. Sometimes, this leads to the formation of a rectangle pattern, which can also be described as a… Continue reading Pro traders know it’s time to range trade when this classic pattern shows up

Pro traders look for this classic pattern to spot Bitcoin price reversals

Every trader aims to buy low and sell high, but only a few are able to muster the courage to go against the herd and purchase when the downtrend reverses direction. When prices are falling, the sentiment is negative and fear is at extreme levels, but it’s at times like these that the inverse head… Continue reading Pro traders look for this classic pattern to spot Bitcoin price reversals

Bitcoin traders express mixed emotions about what’s next for BTC price

The rumor that Amazon would accept cryptocurrency payments sparked a wave of bullish enthusiasm across the crypto market earlier in the week but now this sentiment has begun to wane as Bitcoin (BTC) bulls face stiff resistance at the $40,000 level. Data from Cointelegraph Markets Pro and TradingView shows that bears have managed to fend… Continue reading Bitcoin traders express mixed emotions about what’s next for BTC price

Bitcoin traders watch $32K ahead of Friday’s $330M BTC options expiry

This Friday’s weekly Bitcoin (BTC) options expiry currently holds a $330 million open interest. Considering the recent struggle to regain the $32,000 support, this event is an important test of bulls’ willingness to display reversion signs. On July 21, Alameda Research announced that the company made Bitcoin purchases below $30,000, and Sam Trabucco, the firm’s… Continue reading Bitcoin traders watch $32K ahead of Friday’s $330M BTC options expiry

Traders are withdrawing 2,000 BTC from centralized exchanges daily

The number of Bitcoin held on centralized exchanges has consistently fallen since late May, with roughly 2,000 BTC (worth roughly $66 million at current prices) flowing out of exchanges daily. Glassnode’s July 12 Week On-Chain report found that Bitcoin reserves on centralized exchanges have fallen back to levels not seen since April, the month that… Continue reading Traders are withdrawing 2,000 BTC from centralized exchanges daily

Traders are withdrawing 2,000 BTC from centralized exchanges daily

The number of Bitcoin held on centralized exchanges has consistently fallen since late May, with roughly 2,000 BTC (worth roughly $66 million at current prices) flowing out of exchanges daily. Glassnode’s July 12 Week On-Chain report found that Bitcoin reserves on centralized exchanges have fallen back to levels not seen since April, the month that… Continue reading Traders are withdrawing 2,000 BTC from centralized exchanges daily

U.S. regulator drops case against two London forex traders

Slideshow ( 2 images )LONDON (Reuters) -A U.S. regulator has dropped a case against two former top London currency traders that alleged exchange-rate rigging, the agency said on Thursday, drawing a line under an eight-year pursuit by U.S. authorities. The U.S. Office of Comptroller of the Currency (OCC) withdrew its case in federal court against… Continue reading U.S. regulator drops case against two London forex traders

Oil traders handicap OPEC’s move with a wary eye

When will gas prices decline again? Gasbuddy Head of Petroleum Analysis Patrick de Hann discusses rising energy cost as post-pandemic demand for travel surges Global oil markets are tightening a lot faster than people had anticipated and the world is going to look to OPEC Plus to make up the difference.  Ticker Security Last Change… Continue reading Oil traders handicap OPEC’s move with a wary eye

Heads-up: How Livepeer traders got a sneak preview of an impending 300% price boom

Crypto traders will take any edge they can get. From fundamental research on long-term prospects to short-term price pumps created by new exchange listings, the 24/7 digital asset market provides opportunities for investors and traders of all stripes. But this week, those traders who incorporate the Cointelegraph Markets Pro VORTECS(TM) Score into their research had… Continue reading Heads-up: How Livepeer traders got a sneak preview of an impending 300% price boom

68% of Young Crypto Traders in Korea Experiencing Psychological Issues

A survey of 1,750 college students in South Korea has revealed that at least 23.6 percent of respondents actively trade bitcoin (BTC) and other cryptocurrencies, with less than half of the surveyed population already in profit. 68 percent of respondents say they pass through psychological issues whenever there is a crypto market bloodbath,  according to… Continue reading 68% of Young Crypto Traders in Korea Experiencing Psychological Issues

Stocks slip as traders digest Johnson & Johnson, IBM earnings, $30B Kansas City Southern deal

Important for investors to stay in US stocks: Investment strategist BMO Capital Markets chief strategist Brian Belski shares his outlook for the stock market. U.S. equity markets were lower Tuesday as investors assessed a mega-deal in the rail industry and sifted through a slew of earnings reports.  The Dow Jones Industrial Average fell 122 points,… Continue reading Stocks slip as traders digest Johnson & Johnson, IBM earnings, $30B Kansas City Southern deal

Bitcoin traders are eyeing these price levels as BTC rebounds from weekend crash

The price of Bitcoin (BTC) is recovering after a strong sell-off during the weekend caused by cascading liquidations in the futures market. Traders are pinpointing three levels as the critical price areas to watch in the short term: $51,200 as the major support, $60,300 as the important resistance, and $57,000 as the near term area… Continue reading Bitcoin traders are eyeing these price levels as BTC rebounds from weekend crash

Options traders target $80K by May, Skew suggests just 6% chance they’re right

With Coinbase’s highly anticipated direct listing IPO expected to take place next month, options traders appear to be betting that Bitcoin will once again soar to new all-time highs in the coming weeks. On March 24, the founders of crypto analytics firm Glassnode tweeted data suggesting that options traders on peer-to-peer crypto derivatives exchange, Deribit,… Continue reading Options traders target $80K by May, Skew suggests just 6% chance they’re right

Retail traders buying more Bitcoin than institutions: JPMorgan

According to research by strategists at leading U.S investment bank, JPMorgan Chase, retail traders are flocking to buy Bitcoin from mainstream fintech firms. JPMorgan’s data suggests that retail investors have purchased more than 187,000 Bitcoin this quarter using PayPal and Square. Retail investors are even out-buying institutions, with JPMorgan’s analysts estimating institutions have purchased 173,000… Continue reading Retail traders buying more Bitcoin than institutions: JPMorgan

Pro traders avoid Bitcoin longs while cautiously watching DXY strengthen

Bitcoin (BTC) price might have re-established $50,000 as a support, but the optimism of professional traders is nowhere near the levels seen before the 26% drop to $43,000 on Feb. 28. The current scenario is far from bearish, but derivatives indicators do not reflect the substantial purchases from institutional clients, including Microstrategy, Meitu, and most… Continue reading Pro traders avoid Bitcoin longs while cautiously watching DXY strengthen

Traders, influencers lick their wounds after vicious Dogecoin dump

After a pump that highlighted the power of crowd mania and meme magic, Dogecoin has tumbled nearly 40% in a retreat from $.06 Friday highs, falling as low as $.033 this morning. For the influencers and Wall Street Bets refugees who joined in on the rise — many of whom were taking their first ride… Continue reading Traders, influencers lick their wounds after vicious Dogecoin dump