Why this trader thinks the Bitcoin bottom is in based on volume trends

On January 12, the day the price of Bitcoin dropped from $41,000 to $30,500, over $2.5 billion worth of futures contracts were liquidated. The derivatives market, which was extremely overleveraged and overcrowded, saw a massive reset. Following the shakeout, a pseudonymous trader known as “Byzantine General” said that there is a chance the “bottom” is…

Here’s why options investors may be bearish on Bitcoin

Investors in the Bitcoin options market could be turning slightly bearish in the near term, order books show. In the options market, the value of call options rises when the price of an asset appreciates. In contrast, the value of put options increases when the price of an asset falls. Essentially, a call option is…

Ethereum options volume hits record high—but why is demand surging?

The volume of the Ethereum options market hit a record high as the demand for ETH increased in recent weeks. It follows the high-profile confirmation of Eth2 release, which was formalized after deposits to the Eth2 contract address reached its threshold. Analysts at Deribit, the largest cryptocurrency options market, said: “Our ETH Option Open Interest…

Bitcoin derivatives market hasn’t been this wrecked since the March crash

On November 26, the Bitcoin futures market recorded nearly $800 million in long contract liquidations alone. It marked the worst day for the derivatives market since the March 12 crash. Almost 800 mil in long liquidations alone. The derivs market hasn’t gotten this rekt since the black swan in March.$BTC pic.twitter.com/omNoJUPXi3 — Byzantine General (@ByzGeneral)…

Data shows the Bitcoin derivatives market is becoming less crowded

The Bitcoin futures funding rate has declined across major cryptocurrency exchanges in the past 48 hours. This shows that the derivatives market is getting less overheated and the rally can become more sustainable. The 1-hour price chart of Bitcoin. Source: BTCUSD on TradingView What is the futures funding rate and why does it affect the…

FTX has listed quarterly futures on stocks with 100x leverage

Cryptocurrency exchange FTX has announced the launch of quarterly futures on stocks, allowing users to trade with up to 100x leverage on Tesla, Google, Netflix, Amazon, Apple, Pfizer, and Alibaba stock futures. The exchange partnered with CM-Equity, a German financial services provider, to offer the service, and will require users to submit their KYC information…

Binance Futures surpasses BitMEX, becomes most liquid Bitcoin perpetual swap

According to the data from Skew, Binance Futures now has the most liquid Bitcoin perpetual swap contract. It surpassed BitMEX, which was probed by U.S. regulators in early October. Binance Futures, the futures exchange arm of Binance, launched in September 2019. Since then, it has become one of the largest futures exchanges alongside OKEx and…