The crypto options market is known to provide early signals to corrections in the spot market.
Bitcoin and Ethereum’s large-scale liquidations on Binance and on retail-heavy exchanges likely ushered the recent price decline. Nearly $157 million in derivatives positions were liquidated within an hour on Tuesday. Solana-based meme coins Book of Meme, Catwifbag and Tombili the Fat Cat posted double-digit gains.
Analysts at QCP Broadcast said in a Telegram post that the speed of Bitcoin and Ethereum’s price decline on Tuesday was due to large-volume liquidations on retail-heavy exchanges. Further, the perpetual funding rate on platforms like Binance dropped from as high as 77% to flat, stressing asset prices in the spot market. BTC/USD 15-minute price chart QCP Broadcast analysts expect Bitcoin and Ethereum prices to trade sideways after the correction.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Crypto Options Alert: Bitcoin and Ethereum Set for Significant Expiry EventMarket watchers are on alert as a major expiry event looms for Bitcoin and Ethereum options, with over $3 billion in notional value set to expire on March 8
Les mer »
Bitcoin & Bitcoin Cash Among Top Crypto Gainers as Crypto Prices Pump: What About Green Bitcoin?Crypto Blog
Les mer »
ERC 6551 Ethereum Standard Changes Game in Ethereum NFTs: GuideHere's how one EIP can boost entire concept of non-fungible tokens in EVM blockchains
Les mer »
Ethereum Killers, Layer2 Solutions, and Ethereum Dencun Upgrade: Who Will Benefit?Ethereum has successfully completed its next upgrade called Dencun. As a result, fees were reduced, and the scalability issues were solved.
Les mer »
Ancient Ethereum ICO Participant Suddenly Wakes UpEthereum (ETH) ICO participant has transferred $6.7 million worth of Ethereum (ETH)
Les mer »
Vitalik Buterin Announces Massive Ethereum ChangeVitalik Buterin believes Ethereum security rollups is one of main priorities of Ethereum's future
Les mer »