Traders

Recent analysis from QCP Capital indicates a marked shift in derivatives market sentiment, signaling that options traders are bracing for further declines in Bitcoin value. Dissecting the Bearish Sentiment The derivatives market has experienced a notable shift over the past day, with the implied volatility in Bitcoin options decreasing. This indicates that traders are worrying more about the possible downside risks. According to a note from analysts at QCP Capital, the spread between call and put options has tightened by…

Both experienced traders and experts are drawn to Litecoin (LTC). Declaring it “about time for LTC to wake up,” John Bollinger, the author of the well-known Bollinger Bands, recently hinted to an upcoming change for LTC. As Bollinger examined Litecoin’s monthly chart using his own method, this enigmatic signal laid the ground for a possible price rise. Focusing on the narrowing of the Bollinger Bands—a main signal of low market volatility— Bollinger’s study implies Litecoin could be about to undergo…

Amid rising institutional engagement in Bitcoin, a sharp spike in exchange-traded fund (ETF) inflows over the past few days has sparked interest from traders and analysts alike. Earlier today, a noteworthy analysis from the popular trader Skew on social platform X highlighted a potential risk for Bitcoin amidst its current influx of capital. Skew pointed out the phenomenon he dubs the “headline curse,” noting that while the significant inflow of over $500 million into United States spot Bitcoin ETFs signifies…

The price of Bitcoin has been on a tear over the past seven days, returning between the $61,000 and $67,000 zone where it spent most of the second quarter. This positive run of form comes despite the FUD (fear, uncertainty, and doubt) due to speculations about Mt. Gox’s customer repayment. Interestingly, recent trading data have led QCP Capital, a prominent trading data, to suggest that Bitcoin might only be warming up for an even bigger price rally. According to the…

The post Bloomberg Analyst Confirms Date for Ethereum ETFs, Traders Eye Internet Computer and Algotech (ALGT) Over SUI appeared first on Coinpedia Fintech News The crypto world is excited as a Bloomberg analyst hinted at the­ imminent arrival of Ethereum ETFs. Following this, investors are diverting their attention towards other ventures such as Internet Computer (ICP) and Algotech (ALGT), potentially overlooking SUI. This signifies a noteworthy achievement in the crypto sphere, opening up possibilities for greater institutional funding and wider…

The post Bitcoin FUD is Back, Will Traders Again Fall into the Trap as Mt. Gox Rehabilitation Plan to Accomplish in the Next 14 Days? appeared first on Coinpedia Fintech News The crypto markets have undergone massive price action since the start of the month. The tokens started the monthly trade with a massive descending trend as the selling pressure mounted. This further escalated with a couple of FUD attacks on the markets, like the BTC transfers from Mt. Gox…

The post Polymarket Traders Accurately Predict Trump’s VP Pick appeared first on Coinpedia Fintech News Polymarket traders successfully predicted that former President Donald Trump would select Senator JD Vance of Ohio as his GOP running mate. The blockchain-based prediction platform saw a total of $94 million wagered on Vance’s selection. Vance’s odds surged from an 8% chance at the start of 2024 to 36% just before the selection on Monday. The announcement comes days after the failed assassination attempt on…

Smart traders 0x3737 and 0xCf9b profit significantly from MKR and PEPE trades. MakerDAO’s $1B Tokenization Grand Prix aims to boost real-world asset onboarding. According to a tweet from Lookonchain, two smart traders recently made large swings in the Maker (MKR) and Pepe (PEPE) markets. Since June 27, the first trader, whose address is 0x3737, has purchased 1,465 MKR tokens worth around $3.63 million at an average price of $2,476. We noticed that 2 smart traders bought $MKR recently! 0x3737 bought…

The post German Government Moves The Last 3846 BTC To Flow Traders appeared first on Coinpedia Fintech News Germany has sold off more than 46,000 BTC before today. In the latest update, the last 3846 Bitcoins worth $223.81 million were moved to Flow traders and 139Po. The German government now has 0 Bitcoins remaining. The weeks-long selloff of the Bitcoin in the account has triggered multiple crypto market downtrends which largely kept the price of Bitcoin below $60,000. With the…