Tag: traders

Retail Traders Rotating to Whatever is Pumping: Santiment

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Social media discussions about silver and gold have outpaced crypto on most days this month as retail investors have latched onto a recent rise in precious metal prices, according to market intelligence platform Santiment. Gold discussion erupted in the second week of January as the metal hit new highs, and dominated social traffic between Jan. 8 and Jan. 18, according to Sanbase data shared in an X post from Santiment on Tuesday. The third week of January saw interest briefly return to crypto as traders attempted to “try to buy…

Ethereum Price Breaks Back To $3K As Traders Question Follow-Through

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Ethereum price started a recovery wave from the $2,800 zone. ETH is now trading near $3,000 and might aim for more gains if it clears $3,050. Ethereum managed to stay above $2,850 and started a recovery wave. The price is trading above $2,950 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2,970 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,880 zone. Ethereum Price Starts Recovery Ethereum price…

Bitcoin Traders Stall As US Shutdown, Fed Policy Shift Raises Fear

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Key takeaways: Bitcoin market data shows that pro traders are avoiding risk and paying extra to protect against a price drop. Gold is hitting record highs, but Bitcoin remains stuck as investors favor traditional safe havens. Bitcoin (BTC) rose 1.5% following a retest of the $86,000 level on Sunday as traders weigh the risks of a US federal government shutdown by Saturday. This week features multiple high-stakes catalysts, including earnings reports from global tech giants and the US Federal Reserve’s monetary policy decision on Wednesday. Despite gold hitting record highs,…

Bitcoin Price Defends Support As Traders Question Next Upside Push

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Bitcoin price started a fresh decline below $89,500. BTC is consolidating losses and might attempt a recovery wave if it clears $92,000. Bitcoin started another drop below $90,000 and $89,000. The price is trading below $90,500 and the 100 hourly Simple moving average. There are two bearish trend lines forming with resistance at $90,300 and $93,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it stays below the $92,000 zone. Bitcoin Price Dips To New Weekly Lows Bitcoin…

Bitcoin, Altcoin Sell-off As Global Tensions Lead Traders To Cut Risk

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Key points: Bitcoin is attempting to find support near the $94,500 level, signaling a positive sentiment. Buyers will have to defend the support levels in select major altcoins, else the recovery could fizzle out. Bitcoin (BTC) is attempting to find support near $88,000, but a handful of US and global macroeconomic factors are creating headwinds for the entire crypto market. As a result, the buyers are taking a cautious approach and possibly waiting to see how a reignited trade war between the US and EU will impact markets. The big…

Bitcoin Price Loses $90K, Traders Brace for a Volatile Next Move

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Bitcoin price started a fresh decline below $90,000. BTC is consolidating losses and remains at risk of more losses if it dips below $88,000. Bitcoin started a sharp decline below $92,000 and $90,000. The price is trading below $90,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $94,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it stays below the $92,000 zone. Bitcoin Price Dips 5% Bitcoin price failed…

Will Traders Buy The Dip?

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ETH sold off at the weekly open, but its net taker volume metric turned positive for the first time in years. Will bulls take notice of the signal and attempt to press Ether price higher? Ether (ETH) derivatives data has begun to highlight a structural shift. After nearly three years of sell-side dominance, ETH’s net taker volume has turned positive, possibly pointing to renewed interest from futures traders. Key takeaways: ETH Net Taker volume reached $390 million since Jan. 6, the largest buy imbalance since January 2023. Since 2023, positive…

Bitcoin Traders Defend $92K, But For How Long?

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Key takeaways: The BTC futures premium held near 5%, showing leverage demand was not impacted after the failed $98,000 breakout attempt. Bitcoin ETFs saw $395 million outflows as gold hit new records, weakening hedge appeal and pushing traders to price downside risk. Bitcoin (BTC) faced a 3.4% correction over the weekend as investors cut risk following rising global sociopolitical tensions and China reporting its slowest economic growth since 2022.  The retest of the $92,000 level caught bulls off guard, as $215 million in leveraged BTC futures longs (buys) were forcefully…

Short Squeeze Hits Top 500 Cryptos, Traders Unwind Bearish Bets

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Cryptocurrency markets staged their largest short squeeze since the selloff in early October, as a rebound in prices forced bearish traders to unwind positions and fueled hopes of a broader recovery. Short liquidations across crypto futures and perpetual contracts climbed to about $200 million on Wednesday, the highest level since about $1 billion in short positions was wiped out during the October market crash, according to data shared by analytics firm Glassnode. The company said that it was the biggest short liquidation event across the 500 largest cryptocurrencies since the…

XRP Price Gives Back Momentum, Traders Reassess the Bullish Setup

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…