CME #Bitcoin, med volume, positive action on the heels of a large (+14%) OI build in the futures.
Of importance, OCT-NOV spread thru top band, but option VOL continues to look the other way and basis steady
Much air over $12k follow thru area, watching SPOT offer
#BTC#BTCUSD
Q2 was DeFi’s breakout quarter
Liquidity mining took center stage bringing an influx of attention
TVL increased ~3x
Total users were up 50%
All this manifested itself in the prices of tokens themselves with every major sector outperforming ETH
Unbelievable.
Grayscale added 19,879 BTC to their Bitcoin Trust since last week (53,588 BTC since the halving).
Bitcoin miners only produced 7,081 BTC since last week (39,544 BTC since halving).
That's almost 400,000 BTC under management for $GBTC
Crypto #trading Top of Mind🧠:
🚀 Sellers hit #bitcoin @ 5:30am CST.
🚀Intraday short bias First upside test 9500 then 9638 #ETH flows mixed
🚀Futures roll 40% complete @cmegroup for #BTC expiration Friday
🚀Options gamma levels monitored
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@tradingview#ethereum#crypto
Crypto #trading day ahead:
🚀Traders pondering what happened to #Crypto volume and volatility?
🚀Futures & options expiration Friday.
@CMEGroup $BTC futures roll 28% complete and running behind 49% average
🚀Options gamma levels monitored
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@QuikStrike1#bitcoin#ETH
Current Deribit option open interest and max pain for 26/06/20, BTC and ETH.
BTC max pain is currently at $9,000, but the values for 9k, 9.25k and 9.5k are all under $8MM.
ETH max pain is currently at $220, with $230 being close. Both under $700k.
Crypto #trading HAPPY FRIDAY:
🚀 Trading picked up on U.S. close yday and W'd back to point of control on onight positive China trade news. RISK-ON! Volume lite
🚀 Futures & options expiration next Friday
🚀Short bias today intraday #BTC <9450 #ETH <235
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@tradingview
Crypto #trading Top of Mind🧠:
🚀Tight ranges & lite volume onight. $BTC only $80 range
🚀Summer beach day🩴Seeing no axes in order flows this morning
🚀Macro #ES_F 🔻0.56%. GC_F 🔻0.24%
🚀Short bias today intraday #BTC <9470 #ETH <235
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@tradingview#bitcoinnews#Bitcoin
Crypto #trading TOP of Mind:
🚀RISK-OFF macro #markets to start week. Watching #GC_F and #ES_F and $DXY
🚀 Seeing #cryptocurrency flows mixed with slightly better SELLERS this morning
🚀Short bias intraday #BTC <9400 and #ETH <227
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@tradingview