Category: Futures

Traders search for bearish signals after Bitcoin futures enter backwardation

June 18, 2021

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An unusual phenomenon called ‘backwardation’ is taking place in Bitcoin (BTC) futures trading, mainly the June contract, which expires on June 25.  The fixed-month contracts usually trade at a slight premium, indicating that sellers request more money to withhold settlement longer. Futures should also trade at a 5% to 15% annualized premium on healthy markets, […]

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Bitcoin derivatives data shows pro traders ignored today’s $41K pump

June 14, 2021

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Sometimes all Bitcoin (BTC) needs to pump 10% is a positive remark from someone like Elon Musk. The Tesla CEO has been pointed to as the culprit for the recent downturn after the company’s May 12 announcement explaining that it would no longer accept Bitcoin payments due to environmental concerns. Musk followed up by saying […]

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Whales scooped up $5.5B in Bitcoin as BTC price dropped below $36K

May 21, 2021

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The stream of negative regulatory news concerning Bitcoin (BTC) and cryptocurrencies has been nonstop over the past couple of weeks.  Today’s FUD — fear, uncertainty and doubt — news that failed to cite any actions and merely refreshes old information from China. A statement from the Chinese government revealed plans to “crack down on Bitcoin […]

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Data shows the ‘Bitcoin price drops ahead of CME expiries’ claim is a myth

May 15, 2021

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Historically, activity surrounding the Bitcoin (BTC) monthly futures and options expiry has been blamed for weakening bullish momentum. A few studies from 2019 found a 2.3% average drop in BTC price 40 hours before the CME futures settlement date.  However, as Cointelegraph reported in June 2020, the effect faded away. While 2020 seems to have […]

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Ether options open interest grows 80-fold amid rising institutional appetite

April 27, 2021

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Open interest in Ether options trading has increased from $50 million to $4 billion over the last year. 9240 Total views 34 Total shares The massive growth of Ethereum’s futures and options arena is reportedly pointing toward significant institutional involvement in the second-largest cryptocurrency by market capitalization. According to a recent report by crypto investment […]

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3 things every crypto trader should know about derivatives exchanges

April 24, 2021

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In the past two years futures contracts have become widely popular among cryptocurrency traders and this became more evident as the total open interest on derivatives more than doubled in three months. Additional proof of their popularity came as futures turnover surpassed gold, which is a well-established market with $107 billion in daily volume. However, […]

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New altcoin era? Dogecoin liquidations briefly surpass Bitcoin

April 24, 2021

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Dogecoin (DOGE) saw more liquidations than Bitcoin (BTC) at one point on April 24. This shows there is a significantly high demand for trading the meme cryptocurrency even as Bitcoin and Ether (ETH) struggle to recover. Various trends and metrics, such as social volume, trading volume, and liquidations in the futures market indicate that DOGE […]

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CME Group set to launch Micro Bitcoin futures

March 30, 2021

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The new futures contract will launch on May 3, 2021, pending regulatory approval. 4880 Total views 19 Total shares The Chicago Mercantile Exchange, or CME, has unveiled plans to launch a new Bitcoin (BTC) derivatives product that will enable traders to speculate on fractional units of the flagship digital currency. CME Group’s Micro Bitcoin futures […]

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3 reasons why BTC will unlikely trade below $50,000 in the near term

March 25, 2021

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Bitcoin (BTC) is showing tenacity above $50,000 on March 25. The 10% drop over the last 24 hours happened despite Tesla allowing customers to buy vehicles using BTC in addition to CEO Elon Musk affirming that it will not be converted to fiat currency. On March 22, the United States Federal Reserve chair, Jerome Powell, stated that […]

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Fuel for a broader Bitcoin rally? BTC dip fills futures gap, liquidating $1 billion

February 22, 2021

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An important Chicago Mercantile Exchange Bitcoin (BTC) futures gap closed as BTC/USD suddenly dropped below $54,000 on Feb. 22. A CME gap forms when the price of Bitcoin moves either up or down after the CME closes during the weekend or holidays in the United States. Unlike most cryptocurrency exchanges, because the CME Bitcoin futures […]

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