ETH whales uneasy as onchain, derivatives data reduce chance for rally to K

ETH whales uneasy as onchain, derivatives data reduce chance for rally to $4K

ETH investor sentiment wavers as onchain activity and bearish derivatives positioning leave whales unconvinced, reducing the odds for a rally to $4,000. Key takeaways: ETH derivatives exhibit a fading bullish appetite as Ethereum’s TVL declines and network fees decrease, reinforcing persistent risk aversion. US job layoffs climb, and seasonal hiring weakens, leaving traders waiting for…

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Bitcoin bulls favored in .6B BTC monthly options expiry, but bears still lurk

Bitcoin bulls favored in $22.6B BTC monthly options expiry, but bears still lurk

Bitcoin’s $22.6 billion monthly options expiry is led by the bulls but macroeconomic headwinds could give the bears a last minute advantage. Key takeaways: Bullish bets dominate the September Bitcoin options expiry, assuming BTC price holds the $110,000 support level. Despite higher demand for bullish bets, macroeconomic uncertainty keeps downside risks on the table. Read…

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Trump memecoin made 2M for crypto exchanges — Report

Trump memecoin made $172M for crypto exchanges — Report

Crypto exchanges listed the TRUMP memecoin four days after its launch on average, compared to 129 days for other major memecoins, Reuters found. US President Donald Trump’s cryptocurrency venture, the Official Trump (TRUMP) memecoin, has generated multimillion-dollar gains for crypto exchanges, in addition to profits for its creators. Launched just about six months ago, the…

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BitMEX CEO explains how perpetual swaps test altcoin value

BitMEX CEO explains how perpetual swaps test altcoin value

BitMEX CEO Stephan Lutz said observing how exchanges influence perpetual swap contracts can help traders avoid pump-and-dump schemes. As the cryptocurrency market matures, advanced trading instruments like perpetual swap contracts are increasingly influencing the value of altcoins, according to BitMEX CEO Stephan Lutz. Perpetual swap contracts are a type of crypto trading contract that lets…

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