Cointelegraph By Ciaran Lyons
Just a 3% rebound in Ether’s price would wipe $345 million in short positions amid Grayscale withdrawing its Ether futures ETF application.
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The Bitcoin funding rate and 3-month annualized basis rates are moving to levels that signal to traders it may just be the “calm before the storm.”
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Bitfinex CTO Paolo Ardoino explained that if the hacking group was telling the truth, they would have asked for a ransom, but he "couldn't find any request."
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The inverse head and shoulders pattern forming "would make sense" if Bitcoin doesn't "break straight through" to $67,500, according to a crypto trader.
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Grayscale Investments' GBTC has seen its first day of inflows, following over $17.5 billion in outflows since the launch of Bitcoin ETFs in January.
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After attending their initial court appearance on May 2, the former CEO and CFO of Cred must enter their plea on May 8.
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Crypto traders are pointing to the M2 money supply turning positive as a bullish signal for Bitcoin.
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Bitcoin’s price chart looks similar to when spot Bitcoin ETFs were launched in the United States — suggesting a breakout soon, though there are some differences this time around.
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Bitcoin’s dominance in the crypto market is “now losing major support” and potentially has even “peaked” according to crypto analysts.
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Bitcoin short-term holders are currently holding a 3% unrealized loss but it “isn’t the end of the world,” according to a crypto analyst.
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