Bitcoin Futures

All bark and some bite. China’s Bitcoin ban puts traders in the ‘fear’ zone

China bans Bitcoin (BTC), again.No, we’re not traveling back in time. On Sept. 24, the People’s Bank of China (PBoC) published a new set of measures to promote inter-departmental coordination on cracking down on crypto activity. The measures intended to “cut off payment channels, dispose of relevant websites and mobile applications in accordance with the law.”Most investors may have missed the $3 billion BTC and $1.5 billion Ether (ETH) monthly options expiry that took place less than one hour before the crypto ban news came out. According to “Molly”, a

Here’s Binance CEO’s take on how to ‘sort of slow down crypto-adoption’

When it comes to cryptocurrency adoption, the past year has been dominated by the fact that institutional investors are now pouring into the digital asset market. In light of growing regulatory clarity and products like those offered by Grayscale that make traditional investors feel right at home when dealing with crypto, the last 12 months have demonstrated that the realms of traditional finance and the digital assets market are bridging the gap.In a recent interaction with Charlie Shrem, Changpeng Zhao [CZ], Founder and CEO of Binance, elaborated on how the

Bitcoin retail traders have a lot to lose if this happens

MicroStrategy’s $500M investment in Bitcoin, now its primary asset reserve, has consistently made the headlines for over a week. Significantly, this move was viewed as an indicator of institutional interest since it has long been considered to be an important driver of Bitcoin’s price. During the historic bull run of 2017, institutional interest was key to the rally. In fact, at the time, the launch of CME’s Bitcoin Derivatives was considered to be a bold move during the bull run. Source: SkewInstitutional interest was hitting a peak in mid-August, and

Bitcoin Shoots To $10,800: Here’s What Analysts Think Comes Next

Bitcoin has recovered after a strong decline earlier this week. After dropping under $10,200 just over a day ago, the cryptocurrency has sprung back above $10,500. The coin now trades at $10,800, having undergone a strong rally just a few hours ago. The coin is up around 5% in the past 24 hours, rising as the U.S. dollar’s rally begins to taper off. Some pin the rally on an ongoing expiry in the futures and options markets, which are likely causing traders to open and close positions. Whatever the case,

Brace for it – Bitcoin Futures may be nearing a tipping point

What’s the tipping point for Bitcoin Futures on top derivatives exchanges like the CME, an exchange that has recorded a daily trading volume of over $300M and Open Interest of over $400M, consistently, for the past 3 months. Source: SkewWell, a small shift in Open Interest or trading volume can have a cascading effect on Bitcoin Futures’ performance in the next 180 days. Such a shift will be influenced by several factors, and it begins at the tipping point. Three factors, to be more specific. In the current phase of Bitcoin’s market

3 Reasons Why Bitcoin Price May Slip Below $10K This Week

A potential catalyst for Bitcoin’s supersonic price rally in 2020 has been the combination of ultra-flexible monetary policies of central banks and massive spending by governments. The prospects of cheaper money have inspired many to seek hedge in what is now the world’s leading cryptocurrency by market capitalization. As a result, BTC/USD jumped from $3,858 to just shy of $10,500 within only five months of trading. Nevertheless, the very same catalysts that pushed the pair exponentially higher are now giving away the signs of withdrawals. Especially this week, investors have started

BTC dips below $10K as traders eye ‘CME gap’

An aggressive week of selling has seen the price Bitcoin (BTC) fall below $10,000 for the first time since late-July, triggering fear in the markets.After posting a local top of roughly $12,500 on August 17, BTC consolidated between $11,250 and $12,100. However, the last three days have seen sellers reject $12,000 and take over the market. Roughly four hours ago, Bitcoin briefly changed hands for $9,990 after seven weeks of price action above $10,000.BTC/USDT on Binance, 1-hour chart : TradingViewDespite buyers quickly pushing prices back into five-figures, many traders are

“Wise to Exit” Bitcoin Long Positions If This Happens

A bullish Bitcoin technical pattern that has held firm since October 2019 flashed once again this week. It is an uptrend–an ascending channel–wherein BTC/USD’s momentum indicator is making higher highs and higher lows. The so-called Relative Strength Index reverses its uptrend after its tests the upper trendline of the Channel. Similarly, it bounces back after testing the lower trendline of the Channel. On August 25, the RSI fell towards the Channel support once again. The index changed directions to the upside later, confirming itself as “a great entry” for traders