Bitcoin price forms two BTC futures gaps after Coinbase premium flips negative

Key takeaways: Bitcoin’s Coinbase premium index turned negative for the first time in 15 days, indicating defensive short-term sentiment among US investors. Bitcoin CME futures gaps between support at $92,000-$92,500 and resistance at $96,400-$97,400 suggest a period of range-bound trading. Bitcoin’s Coinbase premium index, which measures the gap between BTC price at Coinbase Pro and Binance exchange, turned negative after a 15-day positive stint, signaling potential bearish sentiment among US investors. This drop coincides with Bitcoin (BTC) slipping below $94,000, and the premium’s decline suggests reduced buying pressure on Coinbase,…

Stars align for Bitcoin rally to $100K, but futures traders exercise caution — Here’s why

Key takeaways: BTC hit $97,900 due to soaring institutional investor demand, but futures pricing shows traders aren’t confident in a sustained rally. Macroeconomic risks and global trade tensions cap bullish sentiment despite $3.6 billion in spot BTC ETF inflows. BTC options lean bullish, suggesting big players expect upside, but their caution keeps leverage use low. Bitcoin (BTC) broke out of a tight trading range between $93,000 and $95,600 on May 1, following six days of limited movement. Despite reaching its highest price in ten weeks at $97,930, sentiment remains neutral…

Cboe launches cash-settled Bitcoin Index futures

Cboe Global Markets is expanding its offering of crypto-based derivatives with the launch of its new Bitcoin product on the Cboe Futures Exchange.  Cboe, a leading derivatives and securities trading and investment solutions provider, announced trading for its new Bitcoin (BTC) index futures on Tuesday, April 29.  The Cboe FTSE Bitcoin Index futures is a cash-settled futures contract based on the FTSE Bitcoin Reduced Value Index. Its launch adds to the platform’s suite of digital asset products, which already includes spot Bitcoin exchange-traded funds and Bitcoin ETF options. As a cash-settled…

Bitget takes legal action on alleged VOXEL futures price manipulation

Crypto exchange Bitget says it is sending letters from its lawyers to account holders it alleges were involved in manipulating the price of perpetual futures contracts tied to the VOXEL token. Eight account holders that the exchange accuses of being involved in the April 20 incident and who allegedly pocketed $20 million between them will receive a letter from the exchange’s lawyers in “quick succession,” Xie Jiayin, Bitget’s head of Chinese operations, said in an April 27 X post. “These eight accounts are the main instigators of the VOXEL incident…

Best Crypto to Buy as Derivatives Exchange CME Set to Launch XRP Futures

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. CME Group, a leading derivatives provider, has announced the launch of cash-settled XRP futures. This cryptocurrency-tied derivative product will be launched on May 19 after necessary regulatory approvals. It’s also worth noting that CME successfully launched…

Chicago Mercantile Exchange (CME) Group to launch XRP futures

The Chicago Mercantile Exchange (CME) Group, which operates the largest financial derivatives exchanges worldwide, recently announced that XRP (XRP) futures contracts will go live on May 19. According to the April 24 announcement, investors have the option of choosing between micro-sized contracts, featuring 2,500 XRP, or standard contract sizes of 50,000 XRP. All XRP futures contracts will be cash-settled. In January 2025, the CME Group signaled an impending launch of XRP futures before quietly pulling the related page from its website. CME’s announcement is the latest in a growing wave…

CME Group to Launch XRP Futures in May

Key Notes Derivatives marketplace CME Group will launch XRP futures on May 19, pending regulatory approval. Contracts are available in two sizes, cash-settled with a daily reference rate. Other firms like ProShares filed for three XRP futures ETFs with the U.S.SEC. Global leading derivatives marketplace CME Group has confirmed adding XRP futures to its list of cryptocurrency derivatives products. The launch is planned for May 19, pending the green light from regulators. This recent development is part of the firm’s continued effort to meet growing demand from investors looking for…

XRP futures open interest surges by 32% — Are traders bullish or bearish?

Key Takeaways:  XRP has gained 25% since April 7, and its open interest has risen by 32%. Positive spot market activity contrasts with a neutral futures funding rate, highlighting a tug-of-war between traders. Analysts still have double-digit price targets for XRP. XRP’s (XRP) price fell to a year-to-date low of $1.61 on April 7, but has gained 25% over the past two weeks as the broader crypto market recovered and XRP open interest surged. XRP futures open interest. Source: CoinGlass The altcoin’s open interest surged 32% from $3.14 billion to…

Bitcoin futures saw the largest liquidity increase in the past year with $5.34b in positions

CryptoQuant analyst Axel Adler Jr noted that the Bitcoin futures market saw a total of 57,000 BTC positions in the past three days, around the same time BTC surpassed the $93k threshold. In a recent post, CryptoQuant analyst Axel Adler Jr. said that traders have opened BTC (BTC) positions amounting to 57,000 BTC in the past three days. At current market prices, the accumulated amount of BTC positions is worth $5.34 billion. “This is the largest liquidity increase in the past year,” said Adler. According to data from CoinGlass, in…

Bitcoin analysts target $95K as Trump’s trade war cools — Do BTC futures agree?

Bitcoin (BTC) surged to a 45-day high above $91,000 on April 22, and the upward movement coincided with gold reaching a new all-time high. The price gains reflect investors’ concerns over a potential economic recession amid ongoing global trade tensions. The tides are shifting, but does data support a Bitcoin price rally above $95,000? Bitcoin 2-month futures annualized premium. Source: Laevitas.ch In neutral markets, the Bitcoin futures premium typically ranges between 5% and 10% to compensate for the longer settlement period. At present, the annualized premium stands at 6%, which…