Category: Basis

Is excessive bullish optimism behind Bitcoin’s drop below $60K?

October 24, 2021

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Bitcoin (BTC) has a long history of forming local tops when events that are anticipated by the market occur. The recent Bitcoin exchange-traded fund (ETF) launch on Oct. 19 was no different and led to a 53% monthly rally to an all-time high at $67,000. Now that the price has briefly fallen below $60,000, investors […]

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Key Bitcoin options ‘fear’ indicator reflects traders’ regulatory concerns

September 22, 2021

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After 46 consecutive days of trading above $42,000, Bitcoin (BTC) price started to show weakness on Sept. 21. Over the last three days, the 13% accumulated loss was enough to erase the hard-earned gains added since Aug. 6. Historicals also show that the previous bearish cycle took 79 days to regain the all-important $42,000 level. […]

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Traders buy the Bitcoin dip even as Evergrande’s implosion rocks stock markets

September 20, 2021

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Bitcoin (BTC) investors seem concerned about the increasing speculation that China’s second-largest property developer, Evergrande Group, will default on its $300 billion in debts. These fears manifest in global equities markets which saw a 1.5% to 3% drop at this morning’s market open.  Despite the price move, the BTC outflow (net withdrawals) from exchanges has […]

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Traders forecast $3K Ethereum price but derivatives data suggests otherwise

July 31, 2021

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Ether (ETH) rallied 35% over the past ten days and reclaimed the critical $2,300 support, but the crucial $2,450 local top hasn’t been tested since June 17. Part of the recent recovery can be attributed to the London hard fork, which is expected to go live on Aug. 4.  Traders and investors view the EIP-1559 […]

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Crypto traders say negative funding rates are buy signals, but are they?

June 25, 2021

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Perpetual contracts, also known as inverse swaps, have an embedded rate usually charged every eight hours. This fee ensures there are no exchange risk imbalances.  Even though buyers’ and sellers’ open interest is matched at all times, leverage can vary, and when buyers (longs) are demanding more leverage, the funding rate turns positive. Thus, they […]

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‘Basis Cash’ Launch Brings Defunct Stablecoin Into the DeFi Era

November 30, 2020

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Nov 30, 2020 at 5:01 a.m. UTCUpdated Nov 30, 2020 at 2:19 p.m. UTC ‘Basis Cash’ Launch Brings Defunct Stablecoin Into the DeFi Era A team of anonymous developers is making what might be called a fork of a project that never launched. Readers of this post will likely see a strong earnings opportunity here, […]

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