The annualized rolling discount in one-month bitcoin futures listed on Deribit, the world’s largest crypto options exchange, narrowed to 0.3% from 17.66% before the changeover, which went live at 6:43 UTC, according to data provided by Skew. Discounts in futures listed on Kraken, OKEx and the Chicago Mercantile Exchange also narrowed sharply. Source
Bitcoin fell some 9% in the past 24 hours, the most among major cryptocurrencies, while ether dropped 6%, CoinDesk data shows. Ether dropped to as low as $1,560 during late U.S. hours on Tuesday, before recovering to as much as $1,622 during Asian morning hours on Wednesday. Original
Launched in 2019, the fund failed to garner significant assets under management. Source
Many traders frequently express some relatively large misconceptions about trading cryptocurrency futures, especially on derivatives exchanges outside the realm of traditional finance. The most common mistakes involve futures marketsโ price decoupling, fees and the impact of liquidations on the derivatives instrument. Letโs explore three simple mistakes and misconceptions that traders should avoid when trading crypto futures. Derivatives contracts differ from spot trading in pricing and trading Currently, the aggregate futures open interest in the crypto market surpasses $25 billion and retail traders and experienced fund managers use these instruments to…
Bitcoin (BTC) whales are betting on a rebound as fresh data shows โclassicโ bottom behavior. According to on-chain analytics platform CryptoQuant, large-volume investors are moving coins to derivatives exchanges en masse this month. Analyst: Whales protectin positions โforming a local bottomโ As BTC/USD hit its lowest levels since the end of June, whales were responding kind. In one of its Quicktake market updates posted on Sept. 7, CryptoQuant analyst Maartunn flagged a marked uptick in the monthly average number of transactions made between spot exchanges and derivatives platforms. Whales, Maartunn…
Bitcoin (BTC) whales are betting on a rebound as fresh data shows โclassicโ bottom behavior. According to on-chain analytics platform CryptoQuant, large-volume investors are moving coins to derivatives exchanges en masse this month. Analyst: Whales protectin positions “forming a local bottom” As BTC/USD hit its lowest levels since the end of June, whales were responding kind. In one of its Quicktake market updates posted on Sep. 7, CryptoQuant analyst Maartunn flagged a marked uptick in the monthly average number of transactions made between spot exchanges and derivatives platforms. Whales, Maartunn…
The bitcoin-denominated open interest in futures and perpetuals (futures with no expiry) tied to the largest cryptocurrency has risen to a new record high of 565,579 BTC ($10.6 billion), surpassing the previous peak of 548,096 BTC reached in February 2020, according to Arcane Research. The data covers positions on traditional commodities exchanges such as CME as well as crypto exchanges like Binance and Bybit. Source
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The value for ETHPOW tokens suggested by futures basis is significantly lower than the price at which IOUs representing the token are currently trading on exchanges MEXC, CoinW, Phemex, Bitrue, and Gate.io. At press time, the ETHPOW IOUs traded at $50, according to CoinMarketCap data. Prices reached as high as $140 early last month, indicating frenzy around the potential hard fork token. Source EtherEthereumETHPOWForkFuturesHardPotentialSuggestTokenTrade CryptoX Portal
The value for ETHPOW tokens suggested by futures basis is significantly lower than the price that IOUs representing the token are currently trading at on exchanges MEXC, CoinW, Phemex, Bitrue and Gate.io. At press time, the ETHPOW IOUs traded at $50, according to CoinMarketCap data. Prices reached as high as $140 early last month, indicating frenzy around the potential hard fork token. Source