Ether tests $1,200 but bears better positioned for $1.13B options expiry on Nov. 25

No matter if one analyzes Ether's (ETH) longer-term or weekly time frame, there is little hope for bulls. Besides the negative 69% year-to-date performance, a descending channel has been pressuring the ETH price while offering resistance at $1,200.Ether/USD 4-hour price index.…

Continue ReadingEther tests $1,200 but bears better positioned for $1.13B options expiry on Nov. 25

Ethereum bears have the upper hand according to derivatives data, but for how long?

Ether (ETH) price experienced an 11.9% decline from Nov. 20 to Nov. 22, bottoming at $1,074 — the lowest level seen since July. Currently, investors have reason to be concerned after crypto lending company Genesis reportedly faced difficulties raising money, triggering…

Continue ReadingEthereum bears have the upper hand according to derivatives data, but for how long?

Data shows traders are slightly bullish even as crypto’s total market cap falls under $800B

The total cryptocurrency market capitalization dropped by 5% between Nov. 14 and Nov. 21, reaching a notable $795 billion. However, the overall sentiment is far worse, considering that this valuation is the lowest seen since December 2020. Total crypto market cap in…

Continue ReadingData shows traders are slightly bullish even as crypto’s total market cap falls under $800B

Bitcoin traders increase leverage longs even as crypto critics say BTC is a ‘pure Ponzi’

Bitcoin (BTC) price has tested the $16,000 resistance multiple times since the 25% crash that occurred between Nov. 7 and Nov. 9, and some critics will justify their bearish bias by incorrectly assuming that the failure of FTX exchange should trigger…

Continue ReadingBitcoin traders increase leverage longs even as crypto critics say BTC is a ‘pure Ponzi’