Tag: traders

ETH Traders Bullish on Price Boost Despite Wider Market Fear

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Ether traders on social media are more optimistic after the token’s price saw a slight bump on Thursday, even as the rest of the crypto market remained fearful amid a wider downturn. The uptick in bullish comments on social media was sparked after Ether (ETH) nearly reached $3,500 on Thursday, which traders interpreted as a positive sign that the token was back on track, market intelligence platform Santiment said in an X post.  On average, Santiment recorded 2.7 bullish comments for every one bearish comment on Ether, which was the…

XRP Price Targets Bounce; Traders Watch $2.30 Resistance Level

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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…

Bitcoin Traders Brace for Sub-$100,000 BTC Price Lows Next

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Key points: Bitcoin slips under $104,000 amid doubts over BTC price support. Price targets now include the CME futures gap at $92,000. Short-term holders head deep into the red, sitting on growing unrealized losses. Bitcoin (BTC) faced further losses Tuesday as traders prepared for sub-$100,000 BTC price levels. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Bitcoin price in “freefall” as $104,000 slips Data from Cointelegraph Markets Pro and TradingView tracked new lows of $103,732 on Bitstamp, with the price down over 2% Tuesday. Early weakness persisted during the Asia trading session as…

Coinbase CEO turns earnings call into unexpected jackpot for prediction market traders

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Key Takeaways Brian Armstrong just “airdropped” alpha straight into the bags of traders on Polymarket and Kalshi. He literally hit nearly every keyword that the prediction market traders had wagered on. Share this article Coinbase CEO Brian Armstrong surprised listeners during the company’s third-quarter earnings call on Thursday after mentioning nearly every keyword that prediction market traders had wagered he would say. “I was a little distracted because I was tracking the predictions market about what Coinbase will say in their next earnings call,” said Armstrong as he wrapped up…

Bitcoin Capped At $116K As Traders Cut Risk Ahead of FOMC, China Deal

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Key points:  Bitcoin traders’ ability to overcome price resistance at $116,000 could hinge on Wednesday’s Fed decision on interest rates and this week’s US-China trade summit.  Pro traders are distributing into BTC price rallies while retail-sized investors are buying the dips in spot, and also being liquidated in futures.  Bitcoin (BTC) price continues to show strength, rising 13% since its historic liquidation-driven sell-off on Oct. 10, but technical charts indicate that daily closes above $116,000 are needed to lock in the bullish trend reversal.  Data from TRDR shows sellers capping…

Bitcoin Gives Traders a Wild Ride Into FOMC

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Key points: Bitcoin reaches $116,000 again as volatility ramps up into the US trading session. Traders diverge on short-term BTC price action, with targets including $117,000 before Wednesday’s Federal Reserve interest-rates decision. The latest CME futures gap gains popularity as a downside target. Bitcoin (BTC) passed $116,000 after Tuesday’s Wall Street open as crypto refused to halt its Uptober comeback.  BTC/USD one-hour chart. Source: Cointelegraph/TradingView FOMC meeting injects BTC price volatility Data from Cointelegraph Markets Pro and TradingView tracked 1.6% daily BTC price upside taking BTC/USD to $116,077 on Bitstamp.…

Bitcoin Price Pauses for a Support Test, But Traders See More Gains Next

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Key points: Bitcoin begins to find a local floor, with analysis highlighting several key lines in the sand. RSI signals demand upside continuation as longer timeframes remain in doubt. The Fed rate-cut decision begins to show in cooling US stocks’ performance. Bitcoin (BTC) tested key resistance on Tuesday, with traders bullish on BTC price upside. BTC/USD four-hour chart. Source: Cointelegraph/TradingView Bitcoin price teases new highs next Data from Cointelegraph Markets Pro and TradingView showed Bitcoin acting around $114,000. After an impressive weekly close, BTC/USD consolidated gains during Monday’s Wall Street…

MegaETH unveils public sale details as traders price the token at a $5B FDV on Hyperliquid

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Key Takeaways MegaETH’s community sale starts at a $1M FDV and uses a transparent English auction format. Hyperliquid’s MEGA pre-launch futures trade at a $5B implied valuation ahead of the token’s debut. Share this article MegaETH has unveiled details of its public sale, offering 5% of its token supply through an English auction on Sonar by Echo. The sale starts at a $1 million fully diluted valuation (FDV) and is capped at $999 million. Running from October 27 to 30, the auction allows bids between $2,650 and $186,282 in USDT.…

Bitcoin Futures Traders Return To Pump BTC: Will It Last?

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Key points: Rising spot and futures volumes show traders venturing back into the crypto market. Traders are positioning for upside, but charts hint that swing traders will sell intra-day rally tops. Crypto market price action turned volatile on Tuesday as Bitcoin (BTC) hit a daily high at $114,000, and Ether (ETH) managed a brief push to $4,110. Solana’s SOL (SOL) also attempted to move above the $200 level with a quick rally to $198. The breakout rallies, at least in Bitcoin’s case, line up with BTC’s rising open interest and…

Crypto ETP Traders Unfazed As Post-Crash Outflows Net $668M

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Cryptocurrency investment products were unable to sustain their two-week inflow streak, with fund flows turning negative last week following crypto’s “Black Friday” market crash. Crypto exchange-traded products (ETPs) saw $513 million in outflows last week, ending the two-week streak totaling $9.1 billion, CoinShares reported on Monday. Addressing the total $668 million of outflows following the “Binance liquidity cascade” on Oct. 10, CoinShares head of research James Butterfill said the ETP market saw less panic than the spot market. He said that while crypto ETP investors largely “shrugged off this event,”…