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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Whales accumulate Ethereum as sell pressure falls

The latest findings by Santiment, published in Cointelegraph Consulting’s biweekly newsletter, suggest that regular users are returning to Ethereum in response to lower transaction fees. Several influential Ethereum cohorts — including miners and some of Ethereum’s largest non-exchange addresses — have been showing signs of ongoing accumulation and increased confidence in the coin’s long-term potential. After a period of redistribution and short-term selloffs by Ethereum’s block creators throughout August, the combined balance of Ethereum mining pools is once again on the rise, growing by 50,000 ETH (~$18,200,000 at the time…

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72% of Investors Will Hold Bitcoin Even if Price Falls to $0

A new poll finds that 72% of bitcoin investors are bullish about the cryptocurrency and will hold onto it even if the price somehow falls to zero. A total of 22,635 votes were gathered for this survey. Most Bitcoin Investors Would Hodl Regardless of the Price Twitter user Plan B, known for his stock-to-flow price prediction model, has conducted a Twitter poll to establish when bitcoin investors will sell their BTC if the price does not increase. The poll concluded on Saturday and 22,635 votes were counted in total. “You…

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Bitcoin Rises as Economic Centralization Falls – Cointelegraph Magazine

Among the great sages of the ancient world, there once dwelt a mystic who the ancients heralded as the Мaster of Мasters, the Great-Great or the Thrice-Greatest Hermes Trismegistus. This man, if a man indeed he was, was the author of the Corpus Hermeticum, the discoverer of alchemy, the founder of astrology and the forebear of occult wisdom.  The Egyptians deified the Thrice-Greatest as the god of wisdom, Thoth, while the Greeks recognized the equivalence of Thoth and Hermes through interpretatio graeca and worshiped them as the same deity. Hermes’s…

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