Whale Alert: $1M BTC Trade Bets on Volatility Expansion Outside $53K-$87K Range
A long straddle involving the November expiry $66,000 call and put options crossed the tape on Deribit early Wednesday.
A long straddle involving the November expiry $66,000 call and put options crossed the tape on Deribit early Wednesday.
The latest price moves in crypto markets in context for Sept. 27, 2024.
BlackRock’s latest report shows that bitcoin has a very low correlation to U.S. equities on a trailing six-month basis.
Polaris is described as a “token portal” aimed at solving one of decentralized finance’s biggest challenges: fragmented user experience.
The yen picked up a strong bid in late July as the Bank of Japan hiked interest rates for the first time in decades, triggering an unwinding of the risk-on yen carry trades.
The divergent monetary policy paths of the BOJ and the Fed mean potential for yen strength and pain for risk assets, including cryptocurrencies.
Perpetuals trading hub Drift protocol is adding a Polymarket-style prediction market – with some DeFi twists.
A similar yen outperformance early this month triggered carry unwind and rocked risk assets, including cryptocurrencies.
BTC has dropped over 13% this month, but all is not lost, according to key indicators.
The yen’s strong performance, rising almost 10% against the USD in three weeks, led to the unwinding of carry trades, contributing to the sell-off in risk assets and causing significant market volatility.