Tag: traders

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…

OKX debuts X-Perps crypto derivatives platform for retail and institutional traders in Europe

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Global fintech firm OKX has launched X-Perps, a regulated crypto derivatives product for retail and institutional traders across the European Economic Area (EEA). X-Perps operates under the EU’s MiFID II framework, offers up to 10x leverage, and launches with ten trading pairs covering Bitcoin, Ethereum, Solana, and several others, including Dogecoin and Pepe. According to OKX, the product allows capital-efficient trading of crypto markets by combining leveraged exposure with a funding rate mechanism that anchors pricing to underlying spot markets. This structure enables arbitrage opportunities while maintaining a regulated framework…

Bitcoin, Altcoin Traders Attempt To Restart Bull Market: Will They Win?

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Key points: Buyers are attempting to push Bitcoin toward the $76,000 level but are facing significant selling from the bears. Several major altcoins are likely to pick up momentum if they break above their overhead resistance levels. Buyers are attempting to sustain Bitcoin (BTC) above the $72,500 level but are expected to face significant resistance from the bears. US spot BTC exchange-traded funds have witnessed a mixed week, with two days of inflows and two days of outflows, according to Farside Investors data. However, a positive sign is that the…

Trader’s $3M Fartcoin Bet Unravels, Triggering Hyperliquid ADL

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A trader lost about $3 million after building a large leveraged Fartcoin position on Hyperliquid that unraveled in thin liquidity, triggering the platform’s auto-deleveraging (ADL) mechanism. Hyperliquid data flagged by Lookonchain shows that the trader accumulated about 145 million tokens across multiple wallets before being liquidated. The liquidation redistributed gains to opposing traders, with at least two wallets seeing around $849,000 through ADL.  PeckShield said the unwind produced about $3 million in accounting losses and left Hyperliquid’s HLP vault down roughly $1.5 million over 24 hours, though Hyperliquid had not…

Polymarket Traders Accused of Insider Trading on US-Iran Bet

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Three newly created wallets profited a combined $484,575 on Polymarket betting that the US and Iran would agree to a ceasefire by Tuesday, in the latest event to raise suspicion of insider trading. The wallets were created and funded on Tuesday and had no prior onchain activity before betting on Polymarket’s “US x Iran ceasefire by April 7” market, blockchain data shared by Lookonchain revealed on Wednesday.  Polymarket data shows the profits secured by the three wallets were $200,525, $158,600 and $125,450 at the time of writing.  The “yes” bets…

Traders say Ether Ready for ‘Upside Move’ as Long $2K ETH Price Holds

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Market analysts say Ether (ETH) could be ready for a “regime shift” as buying pressure builds up, but bulls must hold $2,000. Key takeaways: Ether shows resilience above $2,000, as onchain data shows signs of returning demand, suggesting a possible “regime shift”. ETH price support around $1,800-$2,000 needs to hold for a positive trend change. Ether buyers are “prevailing” Ether’s net taker volume suggests the “formation of a stronger bottom“ as demand for ETH derivatives returned, data from CryptoQuant shows.  Net taker volume, a metric that measures the imbalance between…

Trump claims Iran’s leadership is more moderate, but traders remain skeptical: FT

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Trump asserts Iran’s leadership has become more moderate following a regime change. The market for the Iranian regime falling by June 30 shows 13.5% YES, down from 20% last week. Traders doubt Trump’s statement, as reports indicate Mojtaba Khamenei, a hardliner, is consolidating power. The June 30 market reflects expectations of stability, not collapse. Odds shifted slightly in the past day, with a notable spike from 12% to 14% at 7:21 PM. Trading volume is at $59,602 daily. It would take $195,733 to shift odds by 5 points, hinting at…