XRP price dropped by 20% shortly after making a 2021 high at $1.96, but have the altcoin’s bullish fundamentals changed?
Blockchain projects focused on optimizing the energy sector are gaining traction as greater emphasis is placed on conservation and efficiency.
Futures traders are using excessive leverage and historical data shows Bitcoin price crashes tend to occur after the futures premium reaches 30%.
Data shows pro traders who bought the Ethereum price dip below $1,600 are now booking profits even though today’s $1.15 billion options expiry was uneventful.
Analysts frequently correlate a high perpetual futures funding rate with market crashes, but is this the best way to analyze the metric?
Up to $1.15 billion worth of Ether options are set to expire on March 26, and data suggests bullish traders may make a show of force after the expiry.
Data shows pro traders increased leveraged long positions even as Bitcoin’s price traded in a tight range this week.
Ethereum miners and developers might be fighting over network upgrades but derivatives data shows investors are still wildly bullish.
Bitcoin may be en route to retest underlying support levels but the record $22.5 billion open interest on BTC futures shows bulls expect the uptrend to continue.
Trading Bitcoin options can be a great way to access leverage while avoiding the liquidation risk presented by futures contracts but investors must keep an eye on the premiums.