BTC dealers are currently burdened with unprecedented levels of negative gamma. Even a small fluctuation in the spot price has the potential to ignite a highly volatile situation, as remarked by one observer, 'we could witness fireworks,'
Open interest has experienced a remarkable upswing, reaching an impressive $11 billion, marking its highest level in over a year.
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Cryptocurrency prices experienced a significant surge following the filing of BlackRock's application for a bitcoin ETF. Out of the 149 assets listed in the CoinDesk Market Indices (CMI), an impressive 144 witnessed an upward trajectory throughout the week.
The exchange's portion of ETH staking declined to 9.7%, reaching its lowest point since May 2021. In June, the company faced a lawsuit from the SEC due to the offering of unregistered securities.
Heightened risk aversion appears imminent, as indicated by the connection between Wall Street's volatility index, VIX, and the liquidity measures of central banks. Historical patterns suggest that a risk-off sentiment in conventional markets can significantly impact the sentiment and stability of the cryptocurrency market.
Traders are frantically seeking out bitcoin calls or bullish positions following the cryptocurrency's abrupt surge, propelling it close to $31,000.
Bitcoin, the cryptocurrency with the highest market value globally, has failed to surpass the $30,000 threshold since April.
Arkham Intelligence's blockchain data reveals that an overwhelming 90% of TUSD's substantial $3.1 billion market capitalization is held within Binance's crypto wallets.
The market depth of the exchange has experienced a significant decline of approximately 80% in the past month due to regulatory challenges.