bears – The Pro Coin

Bears target new lows for Ethereum as Friday’s $1.1B options expiry approaches

January 27, 2022 sysadmin

[ad_1] Ether (ETH) price tumbled below the $3,000 support on Jan. 21 as regulatory uncertainty continues to weigh down the sector and rumors that the United States Securities and Exchange Commission is reviewing DeFi’s high-yield crypto lending products continue to circulate. On Jan. 27, the Russian Finance Ministry submitted a crypto regulatory framework for review. The proposal suggests that crypto operations are carried out within the traditional banking infrastructure and that mechanisms to identify traders’ personal data are included. Further bearish news came as Ryan Korner, a top special agent…

Forget Bears Bitcoin Duck Curve

November 13, 2021 sysadmin

[ad_1] FIRST LAW OF THERMODYNAMICS – The law of conservation of energy states that the total energy of an isolated system is constant; energy can be transformed from one form to another, but can be neither created nor destroyed. What fuels a bull run? Much talk has been made this month on the futures market of bitcoin, with a groundbreaking paper ETF now multiple weeks in existence and a filing of a spot ETF from Grayscale with a presumed imminent approval by mid-December. While futures were initially designed as a…

One for bears, the other with ‘leverage for ants’

October 26, 2021 sysadmin

[ad_1] Exchange-traded fund issuer Direxion has filed for a product that would enable speculators to buy contracts that short the price of Bitcoin. In a filing made to the U.S. Securities and Exchange Commission on Oct. 26, the company unveiled the Direxion Bitcoin Strategy Bear ETF. Like other futures products, it will not invest directly in BTC, but will instead maintain managed short exposure position contracts issued by the Chicago Mercantile Exchange (CME). Direxion stated that the fund may invest in other BTC futures, money market funds, deposit accounts, or…

Bears scattered as Bitcoin hit $40K, but pro traders remain cautious

July 28, 2021 sysadmin

[ad_1] Bitcoin (BTC) traders might be feeling extra euphoric after the recent 35% rally, but data suggests bears are not too worried because a similar breakout took place in mid-July and the price failed to hold the $40,000 support. To understand how bullish investors are this time around, let’s take apart the derivatives data and look at the futures contracts premium and options skew. Typically, these indicators reveal how professional traders are pricing the odds of a potential retrace to $36,000. Bitcoin price at Coinbase, in USD. Source: TradingView Even…

Why Bitcoin Bears Should Beware Fails

July 21, 2021 sysadmin

[ad_1] There will always be people who criticize creators of breakthrough technologies. And their criticisms may affect no one or millions depending on their reach. However, the loudest are often leaders in their fields and influential because of their work. These innovation antagonists oppose any who attempt what they deem impossible and ridicule those behind the most important inventions of their time. But their predictions age poorly as they are soon doused by the wave of adoption that follows their comments. As Bitcoin steadily becomes one of history’s most impactful…

Bad call? Bitfinex bears closed a block of Bitcoin shorts before the drop below $32K

June 22, 2021 sysadmin

[ad_1] Bitcoin price is still in a rut, trading near $33,000 and trapped in a downtrend that just seems to get worse with the passing of each day. As the price slumps, analysts have consulted with several technical and on-chain metrics to explain the price collapse, but none of these have picked up on the exact reason. One area of interest has been the sharp rise in short positions at Bitfinex in the past week. Traders are placing exaggerated importance on these Bitcoin (BTC) margin shorts as if they are…