Tag: Futures

Traders longing ADA futures spike after Trump’s crypto reserve reveal: Bitrue

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Longing Cardano (ADA) futures has emerged as the fastest growing trade on Bitrue after President Donald Trump announced plans to add the altcoin to a US strategic cryptocurrency reserve, the crypto exchange said on March 3.  As of March 3, Bitrue traders hold ADA futures worth more than $26 million in notional value, up from a daily average of roughly $15 million in late February, according to data from Bitrue.  Of those open positions, nearly 92% are long, indicating a bet the price of ADA will rise, Bitrue said.  “As…

Bitcoin CME futures gap widens by $6k

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Bitcoin broke above $90,000 over the weekend, opening another gap in the CME futures market. Bitcoin (BTC) rallied almost 10% on March 2, boosted by President Donald Trump’s announcement of a U.S. crypto reserve, which would include BTC, Ethereum (ETH), (XRP), Solana (SOL), and Cardano (ADA). The surge in BTC’s spot price from approximately $84,000 to $90,700 created a gap in March futures, according to CME data. Futures gaps are non-traded zones where no transactions occur between market sessions. On Monday, March 2, BTC climbed to $95,000, widening the CME…

CME Bitcoin futures gap rises, price retracement likely

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Bitcoin futures on the Chicago Mercantile Exchange have recorded a $10,350 price gap, the largest CME Bitcoin futures gap in the exchange’s history. According to TradingView’s Mar. 2 data, the CME Bitcoin (BTC) futures closed at $84,650 in the previous session and opened at $95,000 in the next, creating a substantial gap of $10,350. This gap significantly surpasses the previous record of just over $4,000 observed in Aug. 2024. A CME gap occurs because Bitcoin trades 24/7 on global crypto markets, while CME futures pause on weekends. If Bitcoin’s price…

Largest ever CME gap has just printed in Bitcoin futures

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The Chicago Mercantile Exchange has recorded its largest-ever Bitcoin futures gap following US President Donald Trump’s announcement of a crypto strategic reserve on March 2.   More than $300 billion was added to spot markets after the announcement, opening a $10,000 CME Bitcoin futures gap, according to TradingView.  This record gap eclipses the previous record of just over $4,000 in August 2024, observed Asymmetric founder Joe McCann on March 2.  Bitcoin (BTC) surged from around $85,000 to just under $95,000 on March 2 as Trump said a US crypto reserve would…

Chicago Mercantile Exchange Group to launch Solana futures on March 17

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The Chicago Mercantile Exchange (CME) Group, a globally recognized derivatives exchange, announced it will launch Solana (SOL) futures contracts on March 17, pending a review by United States financial regulators. According to the Feb. 28 announcement, market participants will have access to micro contracts of 25 SOL or standard contract sizes of 500 SOL, and all contracts will be cash-settled. CME Group already provides futures and options contracts for Bitcoin (BTC) and Ether (ETH) to investors looking to hedge against the highly volatile nature of these digital assets. The addition…

Bitcoin futures and spot ETF traders capitulate as BTC looks for a bottom

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Bitcoin’s (BTC) daily chart registered a bearish three-blind mice pattern over the past three days, taking BTC’s value outside the long-term established range between $110,000 and $90,000. Bitcoin 1-day chart. Source: Cointelegraph/TradingView Over the past 24 hours, Bitcoin tested the fair value gap, but BTC has struggled to establish bullish momentum from the $82,000 range low. Spot Bitcoin ETFs bleed $3.4 billion in February Between Feb. 24 and Feb. 27, Bitcoin registered a significant drawdown of 12.48%, which was accompanied by an extensive period of spot BTC ETF outflows. Data…

BTC Slides Below $89K to 3-Month Low as Nasdaq Futures Dip, Japanese Yen Sparks Risk-Off Fears

Bitcoin (BTC) dipped below $89,000 during Tuesday’s early European hours as Nasdaq futures pointed to continued losses in technology stocks and strength in the Japanese yen sparked fears of an August-like risk aversion. The leading cryptocurrency hit a low of $88,500, a level last seen in mid-November, CryptoX data shows. The losses follow recent reluctance to adopt state-managed bitcoin reserves in the U.S. “Despite U.S. President Donald Trump’s recent pro-Bitcoin stance, three state-level proposals for Bitcoin reserves failed in Montana, North Dakota, and Wyoming. The reluctance to adopt state-run Bitcoin…

Coinbase (COIN) Files Paperwork To List Solana (SOL), Hedera (HBAR) Futures

Coinbase Derivatives, a subsidiary of the crypto exchange, has filed documents with the Commodity Futures Trading Commission (CFTC) to list Solana (SOL) and Hedera (HBAR) futures. The exchange plans to launch the product on Feb 18., with new contracts being cash-settled on a monthly basis, according to the filing. The contract size for the Solana futures would be 100 SOL, currently worth roughly $24,000, if approved. It would also offer “nano” Solana contracts with five SOL. Hedera futures would be sized at 5,000 tokens. The move comes after several players…

Robinhood hints at futures trading in Bitcoin

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Robinhood is expanding its trading offerings with the launch of futures trading for Bitcoin. The company teased the upcoming feature on X, stating it is “coming soon,” alongside an update on its website confirming the expansion. “Futures trading with our new intuitive trading ladder is coming soon to Robinhood,” the company posted. The move marks Robinhood’s latest push into broader investment options, particularly in crypto-related assets. The new trading offerings will also include oil, gold, and major financial instruments such as the S&P 500, U.S. dollar, and euro. Robinhood’s moves …