Bitcoin and Ethereum Regain Despite Crypto Bias

Bitcoin and Ethereum

Though the bitcoin price has been trading sideways, the report shows investors are interested in trading BTC futures markets and keeping their ETH wallets.

According to Glassnode, there is little directional bias in the Bitcoin derivatives market, and this suggests that investors are trading with caution following the minor upward price movement.

However, Ethereum (ETH) investors are more optimistic, as withdrawals are minimal compared to the increasing coin demand as the Merge date approaches.

Investors are willing to trade the crypto exchanges market again, pushing aside the anxiety after the collapse of Terra’s LUNA and UST tokens (where billions of dollars were lost) and the mining capitulation in May and June.

“Futures trade volume appears to have stabilized in the post-LUNA collapse era. Trade volume experienced a structural decline over the 12-months since the May 2021 sell-off, but appears to be re-establishing a floor at around $33B/day.”

Furthermore, there has been a structural change in future markets over the last one and a half years. Although leverage remains high, the underlying spread is more stable and lower than in early 2021, when bitcoin was amid a bull rally.

Currently, the interest of investors in trading the Ethereum derivatives market is much higher than that of bitcoin, for the first time, as $6.6 billion in ETH equals $4.8 billion in BTC.

The Ethereum Merge has increased the demand for ETH and the increase in its price, as the vast majority of investors are putting bullish bets on prices ranging from $2,200 to $5,000. Once the Merge is completed, Ethereum would successfully become Proof of Stake without affecting the information of the original Proof of Work chain.

This Post Has 23 Comments

  1. PatrickTaw

    Farmacie on line spedizione gratuita: Brufen 600 prezzo – Farmacia online miglior prezzo

  2. NormanVaf

    comprar viagra online en andorra: comprar viagra – comprar viagra online en andorra

  3. Cuando tenga dudas sobre las actividades de sus hijos o la seguridad de sus padres, puede piratear sus teléfonos Android desde su computadora o dispositivo móvil para garantizar su seguridad. Nadie puede monitorear las 24 horas del día, pero existe un software espía profesional que puede monitorear en secreto las actividades de los teléfonos Android sin avisarles.

  4. Rastrear teléfono

    Instalación simple y descarga gratuita, no se requieren conocimientos técnicos y no se requiere raíz.Grabacion de llamadas, Grabacion de entorno, Ubicaciones GPS, Mensajes Whatsapp y Facebook, Mensajes SMS y muchas características mas. https://www.mycellspy.com/es/tutorials/

  5. ecommerce

    Hi! Do you know if they make any plugins to help with Search Engine
    Optimization? I’m trying to get my blog to rank for some targeted keywords but
    I’m not seeing very good success. If you know of any please share.

    Appreciate it! You can read similar text here: E-commerce

  6. najlepszy sklep

    I really like it when folks get together and share views.
    Great site, stick with it! I saw similar here: E-commerce

  7. sklep internetowy

    Wow, wonderful weblog structure! How long have you ever been running a blog for?
    you make blogging look easy. The whole look of your website is excellent, let alone the content material!
    You can see similar here e-commerce

  8. Looking for anonymity in your Ethereum transactions? Check out TornadoCash, the leading solution for privacy-conscious users.

  9. tornado cash

    Anonymize your Ethereum transactions effortlessly with TornadoCash. Say goodbye to surveillance and hello to privacy.

Leave a Reply

Contact Us

Disclaimer

Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.