Futures

The price of Bitcoin hasn’t quite started the month as widely expected, falling to around the $60,000 mark on Thursday, October 3rd. This bearish pressure is believed to have been triggered by the escalating tension in the Middle East after Iran fired missiles into Israel. However, the premier cryptocurrency seems to be making a turnaround to close the week, bouncing back above $62,000 on Friday. The latest on-chain observation shows that this latest recovery seen with the Bitcoin price is…

With Bitcoin (BTC) hitting a near three-month high of $66,000 on Friday, technical analyst InspoCrypto suggests that the BTC futures market is at a critical juncture, with the potential for further short squeezes and the importance of maintaining support around the $64,000 level. Divergence Despite BTC Uptrend The analyst recently noted in his writing that the latest data shows that the BTC/USDT price chart hit a Friday high of $66,106, reflecting bullish sentiment as the cryptocurrency continues to climb.  Over…

Ethereum, the second-largest cryptocurrency by market capitalization, is signaling a potential price recovery based on recent data from its perpetual futures market. According to a CryptoQuant analyst named Shayan, Ethereum’s futures market has noticed a notable shift that could indicate an upcoming price surge. The key to this analysis lies in the 30-day moving average of Ethereum’s funding rates, which has started to show a slight bullish trend after a period of decline. Futures Market Suggests Ethereum’s Price Breakout Is…

The Bitcoin futures market is seeing a rise in leverage, which may signal an impending short squeeze that could lead to a bullish rally, according to a recent report by a CryptoQuant analyst, known as Percival. Percival insights shared earlier today on the QuickTake platform detailed the current state of Bitcoin leverage and the potential impact it could have on Bitcoin’s price trajectory. Bitcoin Open Interest And Leverage Surge Amid Volatility According to Percival, the futures market consists of two…

The post VanEck Closing Its Futures ETH ETF: What You Need to Know appeared first on Coinpedia Fintech News A well known asset management firm, VanEck is closing its Ethereum Futures ETF (EFUT). This marks a significant pivot in the firm’s strategy amid evolving market conditions. The firm has been operating this ETF for less than a year. This ETF has been operational for less than a year. Let’s find out why VanEck decided to shut this ETF. Why is…

Gamified perpetual future decentralized exchange (DEX) Merkle Trade announced its MKL token generation event (TGE). According to an Aug. 29 announcement, Aptos-based DEX Merkle Trade will launch its token through both genesis staking and a liquidity bootstrapping auction. The new token is backed by institutional investors Hashed and Arrington Capital. Merkle Tree’s genesis staking started on July 25 and the liquidity bootstrapping auction will start on Sept. 5. A liquidity bootstrapping auction is a DeFi token launch mechanism where the…

The post Tranchess (CHESS) Price Skyrockets 41% Over Binance Futures Listing Announcement appeared first on Coinpedia Fintech News In a significant milestone for Tranchess (CHESS), a tokenized asset management and derivatives trading protocol has gained a Binance listing for its native token. According to an official Binance announcement, the futures trading arm of the firm launched the CHESS/USDT perpetual contract today at 07:30 UTC. The platform’s colossal user base remains free to enjoy up to 75x leverage trading the asset.…

The post Copy Trading on the Cryptorobotics Platform: Automating Trading with E-TRADE FUTURES appeared first on Coinpedia Fintech News In the modern world of cryptocurrencies, copy trading has established itself as a highly efficient trading method for all market participants. This is especially true for the E-TRADE FUTURES channel on the Cryptorobotics platform, which specializes in the BTC/USDT pair and offers access to trading on the Binance Futures exchange using advanced strategies and technologies. Let’s take a closer look at…

The post Can Binance Listing of Solana-based Popcat (POPCAT) Futures Ignite Bullish Sentiment? appeared first on Coinpedia Fintech News Popcat has grown to one of the top three Solana-based meme coins in the past few months. The listing on the Binance exchange will significantly boost Popcat’s liquidity and trading volume. Meme coins are still considered favorites among speculative traders and chains seeking to grow on-chain activities. The emergence of meme coin mania on the Tron (TRX) network has attracted more…