Sharp Bitcoin price move brewing as BTC volatility falls to a 16-month low

Bitcoin (BTC) options aggregate open interest has increased to $2 billion, which is 13% below the all-time high. Although the open interest is still heavily concentrated on Deribit exchange, the Chicago Mercantile Exchange (CME) has also reached $300 million. In simple terms, options derivatives contracts allow investors to buy protection, either from the upside (call options) or downside (put options). Even though there are some more complex strategies, the mere existence of liquid options markets is a positive indicator. For example, derivative contracts allow miners to stabilize their income which…

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A Storm Is Brewing for Ethereum

The latest findings in Cointelegraph Consulting’s biweekly newsletter suggest that Ether won’t sustain its rally. The 365-day market-value-to-realized-value ratio of Ethereum’s native Ether (ETH) token is currently at a two-year high of 1.88. This indicates that Ether’s long-term holders are presently up 88% on their initial investment, on average. This is the highest average profit for Ether’s long-term holders since February 2018, and there’s a rising incentive to sell and take profits. Over the past 30 days, the collective balance of Ether mining pools has shrunk by more than 80,000…

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