Tag: 740m

$740M in Bitcoin exits exchanges, the biggest outflow since June’s BTC price crash

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The amount of Bitcoin (BTC) flowing out of cryptocurrency exchanges picked up momentum on Oct. 18, hinting at weakening sell-pressure that could help BTC price avoid a deeper correction below $18,000. Bitcoin forming a “bear market floor” Over 37,800 BTC left crypto exchanges on Oct. 18, according to data tracked by CryptoQuant. This marks the biggest Bitcoin daily outflow since June 17, on which traders withdrew nearly 68,000 BTC from exchanges. Moreover, over 121,000 BTC, or nearly $2.4 billion at current prices, has left exchanges in the past 30 days. …

BNB Chain to Burn Over $740M Worth of BNB Tokens

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How Investors Could See “Max Pain” Following Friday’s $740m Bitcoin Options Expiry

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In just a few days, the Bitcoin options market will see a massive $740 million contract expiry, which accounts for roughly 37% of the total outstanding open interest within the market. This expiration may have some impacts on the crypto market’s price action, as those holding both calls and puts may move to cover or roll-over their positions depending on where the benchmark cryptocurrency is trading at around this time. The vast majority of these contracts are on Deribit – signaling that the platform still has absolute domination over the…