A record $4 billion worth of Bitcoin options expire on January 29 and multiple indicators suggest bulls have the upper hand.
Decentraland’s new features, increased digital land sales and a booming NFT market are the driving factors behind MANA’s 100% rally.
After correcting 15%, Bitcoin price dropped to $30,000 but derivatives indicators suggest pro traders are buying the dip.
The open interest on Bitcoin options has hit $8.8 billion but data show bulls are in favor after BTC’s rally to a new all-time high.
Analysts say Bitcoin and Ether’s growing dominance of the crypto market are signals that the current bull market is drastically different than the last one.
Analysts say Bitcoin price needed to “slow down” in order to maintain the bullish momentum needed for the next leg up.
Bitcoin price quickly rallied back to $40,000 but key derivatives indicators show traders are happily flirting with overbought levels.
Bitcoin futures and options indicators remained stable during the 26.5% crash, a signal that the harshest part of the BTC correction may be over.
Traders are freaking out about today’s 27% Bitcoin price drop but historical data show sharp corrections are natural even during bull markets.
Successful cross-chain integrations, a thriving community and renewed interest in DeFi projects back THORChain’s current rally.