Tag: traders

Polymarket Traders Profit $37K From Paris Weather Glitch

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Two Polymarket accounts have attracted suspicion after making $37,000 betting correctly on two unusual temperature readings of a weather station located in a major airport in France. The two weather-focused prediction markets focused on the highest temperature in Paris on April 6 and 15, using the highest temperature recorded at the Charles de Gaulle Airport Station in degrees Celsius, according to Polymarket. French media outlet BFMTV reported on Monday that the temperature suddenly climbed to over 21 degrees Celsius on April 6, before dropping again immediately. The market resolved with…

Bitcoin Futures Data Show Traders Positioning For Rally Above $80K

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Bitcoin (BTC) reached a monthly high of $79,472 on Wednesday, marking its strongest 28-day return since April 2025. The rally aligns with a shift in a market positioning metric and a surge in leverage use.  A combined view of the market positioning metric and open interest shows new positions are being added, potentially influencing BTC’s push toward new highs. BTC positioning builds with rising leverage Bitcoin researcher Axel Adler Jr. said that the Bitcoin positioning index has turned higher, with its 30-day average rising to 4.5 from -10.9 in February.…

Bitcoin Price Rebound Accelerates, Traders Eye Strong Upside Continuation

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Bitcoin price started a recovery wave above the $75,000 zone. BTC is consolidating and might aim for more gains if it clears the $77,350 resistance zone. Bitcoin managed to form a base above $74,500 and started a recovery wave. The price is trading above $75,500 and the 100 hourly simple moving average. There is a rising channel forming with resistance at $77,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it settles above the $77,500 zone. Bitcoin Price Regains…

Bitcoin Price Eyes Fresh Upside, Traders Watch For Breakout Move

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Bitcoin price started a recovery wave from the $73,650 zone. BTC is consolidating and might struggle to clear the $76,500 resistance zone. Bitcoin managed to form a base above $74,000 and started a recovery wave. The price is trading above $75,000 and the 100 hourly simple moving average. There was a break above a bearish trend line with resistance at $75,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it settles above the $76,500 zone. Bitcoin Price Aims Higher…

Ethereum Price Loses $2,350 Level, Traders Eye Rebound Signals

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Ethereum price started a fresh decline and traded below $2,350. ETH is now consolidating above $2,250 and might struggle to recover. Ethereum started a downside correction from the $2,465 zone. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,250 zone. Ethereum Price Dips Again Ethereum price failed to remain stable above $2,420 and…

SOL Open Interest Jumps 20% As Traders Eye Rally To $100

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Key takeaways: Solana maintains its market dominance in DEX volume and TVL despite SOL’s underperformance versus its peers. Easing sell pressure from volatile geopolitics and a resurgence in memecoin activity could catalyze a SOL price rally to $100. Solana’s native token SOL (SOL) gained 10% within five days, reaching a three-week high on Friday. This price movement followed a generalized excitement after the US and Iran announced a ceasefire extension, which led to an 8% decline in crude Brent oil prices. Demand for SOL futures surged as open interest jumped…

Polymarket Traders See 73% Chance of Hormuz Strait Reopening by May 31

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Polymarket prediction market odds of the Strait of Hormuz “returning to normal” by the end of May spiked to 73% on Friday, following news that Iranian officials have temporarily opened up the Strait of Hormuz as part of a ceasefire deal. The odds climbed to a high of 82% on Friday, after Iranian Foreign Minister Seyed Abbas Araghchi announced that the Strait of Hormuz is open. Since that time, the odds have fallen back down to 73%. He said in an X post: “The passage for all commercial vessels through…

Bitcoin Traders Target $78K But Rally May End There

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Market analysts said Bitcoin’s (BTC) latest rally to $76,000 was a “clear momentum shift,” confirming a short-term uptrend for BTC price.  Bitcoin’s short-term holder (STH) supply in profit, a measure of the share of recently acquired coins currently held at an unrealized gain, suggests that BTC/USD has not exhausted its bear market rally, data from Glassnode shows. Local tops in bear market rallies have historically formed when this metric approaches its statistical mean of 54.2%, a threshold where the concentration of profitable STHs becomes sufficient to trigger meaningful distribution. Currently…

Bitcoin faces selling pressure after rally to $76K, traders see no $82K path

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Bitcoin’s climb to $76,000 has stalled as CryptoQuant reports near-term selling pressure, and the Polymarket contract for Bitcoin reaching $82,000 by April 15 sits at 0% YES. Market reaction Bitcoin’s odds of hitting $82,000 by April 15 are at 0%, meaning traders expect no rally in the immediate term. The drop follows profit-taking and increased selling as Bitcoin approached $76K. With $146 needed to move the price by 5 percentage points, the market is thin and highly sensitive to large trades. Why it matters Bitcoin maintaining above $60,000 by April…