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“# Bull trap fears engulf Bitcoin market as BTC paints CME gap below $40K ” A run-up towards $40,000 in the Bitcoin market risked exhaustion as Chicago Mercantile Exchange’s futures opened on Monday, June 14 with a gap of $1,575, the first since May 17. In retrospect, the downside risks heightened due to Bitcoin’s recent…
“# SEC warns investors of the risks with Bitcoin futures ” The U.S. Securities and Exchange Commision (SEC) has warned investors about the risks of Bitcoin futures trading — citing market volatility, a lack of regulation and fraud to name a few issues. In a June 10 Investor Alerts bulletin, the SEC outlines key points…
“# JPMorgan points to weak Bitcoin futures as signal for bear market ” JPMorgan’s cryptocurrency market analysts have pointed to the difference between Bitcoin’s (BTC) spot prices and BTC futures prices as a potential bearish sign for the market. In a Thursday note to clients, JPMorgan analysts led by global market strategist Nikolaos Panigirtzoglou wrote…
“# Here’s what would happen to Bitcoin if the government tried to take it over ” On June 7, the United States government task force seized more than $2 million in Bitcoin (BTC) to pay a ransom following an attack on the Colonial Pipeline system. A warrant filed with the U.S. District Court for the…
“# Crypto Twitter says traders are short Bitcoin, but data shows otherwise ” Margin trading allows investors to borrow stablecoins or cryptocurrency to leverage their position and improve the expected return. For example, borrowing Tether (USDT) will allow one to buy Bitcoin, thus increasing their Bitcoin (BTC) long position in. Investors can also borrow BTC…
“# Ethereum has strong fundamentals, so why are pro traders bearish on ETH? ” Ether (ETH) has outperformed Bitcoin (BTC) by 32% since May and even though there has been a steady flow of bullish reports from JPMorgan and Goldman Sachs, derivatives metrics show elements of bearishness in both assets. Ether and Bitcoin price change…
“# Market enters a ‘wait-and-see phase’ as Bitcoin struggles below $40,000 ” Price action for Bitcoin (BTC) and the wider cryptocurrency market was relatively subdued on May 27 as nervous traders remain unsure of what comes next following last week’s market plunge that saw leveraged traders wiped out as BTC dipped as low as $30,000…
“# Is Bitcoin nearing another Black Thursday crash? Here’s what BTC derivatives suggest ” Bitcoin’s 51.4% crash in March 2020 was the most horrific 24-hour black swan event in the digital asset’s history. The recent price activity of the past week has probably resurrected similar emotions for investors who experienced the Black Thursday crash. Over…
“# Data shows the ‘Bitcoin price drops ahead of CME expiries’ claim is a myth ” Historically, activity surrounding the Bitcoin (BTC) monthly futures and options expiry has been blamed for weakening bullish momentum. A few studies from 2019 found a 2.3% average drop in BTC price 40 hours before the CME futures settlement date. …
“# SEC warns of Bitcoin futures risks in mutual funds ” The United States Securities and Exchange Commission, or SEC, has issued an investor warning pointing out risks of mutual funds that have exposure to Bitcoin (BTC) futures. In an official statement on Tuesday, the SEC strongly encouraged investors to thoroughly consider risks disclosure of…