$15B Bitcoin and Ethereum Options to Expire Today, How Will Price Move?

$15B Bitcoin and Ethereum Options to Expire Today, How Will Price Move?  Bitcoin (BTC) and Ethereum (ETH), the worlds largest cryptocurrencies are about to make history with a $15 billion options expiry scheduled for today. Despite the recent crypto market uptick, BTC and ETH face liquidity uncertainty, leaving investors wondering how the price will move.  Details of Bitcoin and Ethereum Options Expiry  Data from the Professional Options Traders platform, GreeksLive tinuro that a total of 135,000 Bitcoin options and 1.58 million Ethereum options will expire today.  According to Deribit data, the $15 billion expiry is among the largest in the exchanges history as the expiry will wipe off 40% and 43% of the total notional open interest in Bitcoin and Ethereum, respectively, across maturities. This puts BTC and ETH at notional values of $9.5 billion and $5.6 billion respectively. Notional open interest refers to the dollar value of the number of active contracts at a given time.  29 Mar Options Data  Nag-expire ang 135,000 BTC na opsyon na may Put Call Ratio na 0.85, isang Maxpain point na $51,000 at isang notional na halaga na $9.5 bilyon.  1.58 million ETH options expired with a Put Call Ratio of 0.63, Maxpain point of $2,600 and notional value of

2024-03-29Ethereum

Pagsusuri ng presyo 3/28: BTC, ETH, BNB, SOL, XRP, ADA, DOGE, AVAX, SHIB, TON

Bitcoin is looking positive, but the up move is likely to face stiff resistance above $72,000.  Bitcoins (BTC) recent fall does not seem to have dented the demand for the spot Bitcoin exchange-traded funds. After five days of successive net outflows last week, demand bounced back sharply with $418 million in net inflows into the ETFs on March 26 and $243 million inflows on March 27, according to Farside Investors data.  BlackRock CEO Larry Fink said in an interview with Fox Business that he was “pleasantly surprised” with the performance of the firms spot Bitcoin ETF, which was the “fastest growing ETF in the history of ETFs.” Fink added that he was “very bullish on the long-term viability of Bitcoin.”  On-chain analytics platform CryptoQuant said in its latest “Weekly Crypto Report” that Bitcoins demand skyrocketed from “40K Bitcoin at the start of 2024 to 213K Bitcoin” on March 26. That could create a “sell-side liquidity crisis” within the next year.

2024-03-29Ethereum

Ang Mahiwagang Balyena na Nangongolekta ng Ethereum (ETH) sa Murang Presyo ay Nagbebenta Ito Pagkaraan ng Mahabang Panahon: Ang Kita Nito ay Nakapagtataka!

While the rise in the largest altcoin Ethereum stirred up whales, the latest news came from the whale, who was an early ETH investor.  According to Lookonchains post, the whale, one of the first investors in Ethereum, sold 17,700 ETH at $ 3,503. He received 62.24 million DAI from this sale.  This whale started buying Ethereum in March 2017 and made purchases until April 2021. During this period, Whale accumulated 14,280 ETH from Gemini and Bittrex exchanges at an average price of $182 and a cost of $2.6 million.  Selling after 7 years, whalena made a 23-fold profit on its Ethereum investment, and its profit reached 59 million dollars.  An early holder of $ ETH nabenta ng 17,770 $ ETH para sa 62.24M $ DAI sa $3,503 2 oras ang nakalipas.  He accumulated 14,280 $ ETH(cost $2.6M) at an average price of only ~$182 from #Gemini at #Bittrex from Mar 2017 and Apr 2021.  The profit is $59M, a gain of 23x!  — Lookonchain (@lookonchain) Marso 28, 2024  Ang Ethereum ay patuloy na nakikipagkalakalan sa $3,583 sa oras ng pagsulat.

2024-03-29Ethereum

Vitalik Urges Ethereum Developers To Target ‘Millions’ Of Users Post-Dencun

Ethereum‘s chief scientist said Ethereum is ready to support applications servicing millions of users following Dencun’s massive L2 fee reductions.  Vitalik Buterin, the chief scientist and co-founder of Ethereum, penned a blog post calling on developers to pivot their focus towards building new applications that could serve millions of users following the activation of its Dencun upgrade earlier this month.  Ethereums highly-anticipated Dencun fork went live on March 13, ushering fee reductions of up to 95% on Layer 2 networks supporting EIP-4844 — the main upgrade included in Dencun. The fee reduction also precipitated triple-digit increases in transaction volume on leading L2s.  Buterin described Dencun as the most significant Ethereum upgrade since The Merge, which transitioned the network to Proof of Stake consensus in September 2022.  “As of two weeks ago, the two largest changes to the Ethereum blockchain — the switch to Proof of Stake, and the re-architecting to blobs — are behind us,” Buterin said.  With fees on many Layer 2s now sitting below six cents, Buterin issued a challenge to developers to begin building applications addressing non-financial use cases that could serve “millions” of users.  “Pretty much every crypto application that is not financial speculation depends on low fees — and so while

2024-03-29Ethereum

Vitalik Buterin Announces Massive Ethereum Change

Balita ng Ethereum ng Bitcoin  Larawan ng pabalat sa pamamagitan ng www.freepik.com  Disclaimer: Ang mga opinyon na ipinahayag ng aming mga manunulat ay kanilang sarili at hindi kumakatawan sa mga pananaw ng U.Today. Ang impormasyon sa pananalapi at merkado na ibinigay sa U.Today ay inilaan para sa mga layuning pang-impormasyon lamang. Ang U.Today ay hindi mananagot para sa anumang pagkalugi sa pananalapi na natamo habang nangangalakal ng mga cryptocurrencies. Magsagawa ng iyong sariling pananaliksik sa pamamagitan ng pakikipag-ugnayan sa mga eksperto sa pananalapi bago gumawa ng anumang mga desisyon sa pamumuhunan. Naniniwala kami na ang lahat ng nilalaman ay tumpak sa petsa ng paglalathala, ngunit maaaring hindi na available ang ilang partikular na alok na binanggit.  Vitalik Buterin stresses the importance of advancing the security of rollups, a Layer 2 scaling solution designed to increase transaction throughput without harming decentralization of the network in general. Currently, many rollups are not fully guarded by code, with only a select few, like Arbitrum One, reaching what has been designated as “Stage 1” in their development — a level where they are robust enough to be deemed hindi makatatakas.  The call is to uplift the standards within the Ethereum community, especially concerning rollups. By the end of

2024-03-29Ethereum

Ethereum Targets $4K Milestone: Momentum Builds Beyond $3,680 Resistance

Balita ng Ethereum ng Bitcoin  Ethereums price stabilizes above $3,500, hinting at a potential surge towards the $4,000 mark.  A significant resistance break at $3,540 on ETH/USD charts suggests increasing bullish momentum.  “The next key resistance sits at $3,680, above which the price might gain bullish momentum,” highlighting a pivotal moment for Ethereums trajectory.  Ethereum price holds strong above $3,500, with indicators pointing towards a continued upward journey. A crucial test awaits at the $3,680 resistance, potentially paving the way to $4,000.  Ethereums Bullish Outlook Intact Above $3,500  Ethereum has once again averted a prolonged downside correction, finding solid support around the $3,450 level. This resilience has allowed ETH to climb higher, surpassing the $3,520 resistance and positioning itself above the 100-hourly Simple Moving Average. The break above a critical bearish trend line at $3,540 on the hourly chart marks a significant bullish signal. With Ethereum now trading above these key levels, all eyes are on the immediate resistance at $3,600 and the major hurdle at $3,630 — the gateway to further gains.  Approaching the Crucial $3,680 Resistance  As Ethereum approaches the $3,680 resistance, the anticipation of a breakout grows. Surpassing this level could trigger a strong rally towards $3,800, with the potential to extend gains to $3,920

2024-03-29Ethereum

Big Day for Bitcoin and Ethereum Tomorrow: $15 Billion BTC and ETH Option Expires! Analyst Warned About Volatility!

Bitcoin Ethereum  Big Day for Bitcoin and Ethereum Tomorrow: $15 Billion BTC and ETH Option Expires! Analyst Warned About Volatility!  Balita ng Ethereum ng Bitcoin  While volatile movements continue to occur in Bitcoin and Ethereum, three-month options contracts are about to expire.  Accordingly, BTC and ETH options worth $15.2 billion will expire tomorrow on Deribit, the worlds leading cryptocurrency options exchange.  While Deribit data reveals that the $15 billion figure is one of the largest maturities in the history of the stock market, it also shows that most BTC and ETH options will end in profit on Friday, tomorrow.  While a large amount of options in BTC and ETH are expected to expire tomorrow, Deribit chief trading officer Luuk Strijers, speaking to Coindesk, said that this situation may cause pressure and high volatility on the BTC price.  A large amount of options are expiring tomorrow and most of them will be in the money (ITM). This may cause upward pressure or volatility in the market.  Bitcoin options worth $3.9 billion, with a market cap of approximately $70,000, will expire. This represents 41% of the $9.5 billion of total three-month open interest due. Similarly, according to Deribit data, 15% of the three-month total open positions in ETH of $5.7

2024-03-29Ethereum

Seasoned Analyst Reveals Ethereum Spot ETF Approval Prediction for May: Unlikely This Year

Ethereum  Seasoned Analyst Reveals Ethereum Spot ETF Approval Prediction for May: “Unlikely This Year”  Balita ng Ethereum ng Bitcoin  Cryptocurrency market maker GSR revised its forecast for the approval of a spot Ethereum ETF in May, reducing the probability to just 20%. That‘s a significant drop from the firm’s estimate in January, which put the chance at 75%.  “We now believe there is a 20% chance that the SEC will approve a spot Ethereum ETF in May,” GSR analyst Brian Rudick explained the revised forecast in a note published today. According to GSR Research Analyst Matt Kunke, the previous optimistic outlook was attributed to Grayscales Court of Appeals victory and the approval of Ethereum Futures ETFs in October.  Rudick noted that the conditions leading to the potential approval of the spot Ethereum ETF are similar to those leading up to the approval of spot Bitcoin ETFs. These included the existence of a futures-based ETF and a significant correlation between the spot and futures markets.  However, Rudick has now taken a more conservative view on the potential for spot ETH ETF approvals. He cited minimal interest from the SEC, political pressure against approving additional digital asset ETFs, and an alleged SEC investigation into whether ETH is a

2024-03-29Ethereum

Solana DEX Volumes Hit $50 Billion; Co-founder Compares Growth with Ethereums ⋆ ZyCrypto

Ethereum  Ang mga Dami ng Solana DEX ay umabot sa $50 Bilyon; Pinaghahambing ng Co-founder ang Paglago sa ⋆ ZyCrypto ng Ethereum  Balita ng Ethereum ng Bitcoin  Solana‘s decentralized exchange (DEX) has reached a major milestone, surpassing $50 billion in trading volume. This achievement comes amid a surge in meme coin interest and trading activity within the Solana ecosystem, highlighting the L1 blockchain’s growing prominence in the crypto space.  Anatoly Yakovenko, co-founder of Solana Labs, recently compared Solanas DEX performance to Ethereum, indicating a shift in market dynamics.  As Solana continues to gain traction, its success challenges established players like Ethereum, signalling a potential paradigm shift in the decentralized finance (DeFi) landscape.  Solana DEX Soars Past $50 Billion in Trading Volume  The trading volume on Solana‘s DEX has surged past $50 billion, marking a significant milestone for the platform. This achievement underscores the growing popularity and adoption of Solana’s blockchain, which has been lauded for its speed and scalability.  The blockchains ability to handle large transaction volumes at low fees has made it an attractive option for traders and developers, leading to a surge in activity within the ecosystem.  Anatoly Yakovenko, co-founder of Solana Labs, drew comparisons between Solana and Ethereum in a post on X, highlighting the formers

2024-03-29Ethereum

Ethereum Gas Fee Surges after Strong Inscriptions Debut on Blobs

Ethereum  Ethereum Gas Fee Surges after Strong Inscriptions Debut on Blobs  Balita ng Ethereum ng Bitcoin  Coinpeaker  Ethereum Gas Fee Surges after Strong Inscriptions Debut on Blobs  After the successful implementation of the Ethereum Dencun upgrade earlier this month, allowing the creation of Ethereum blobs. The blobs are similar to Bitcoin inscriptions which increase the inclusion of data within Ethereum transactions without affecting the block processing time.  However, in the recent development, Ethereums economical memory segments dubbed blobs are facing an issue with excessive text or image storage, commonly referred to as “Blobscriptions”. Currently, approximately 40% of blobs are occupied by such inscriptions. As a result, this introduction of blobscriptions on the Ethereum network has led to a sudden surge in the gas fee on the network.  As per the data from Crypto Intelligence firm Dune Analytics, there‘s been a major growth in inscriptions built atop Ethereum blobs, reaching new record levels. Over the last two days – March 27 and 28 – there’s been a major uptick in inscriptions on the Ethereum blobs.  This trend bears similarities to the surge in activity observed with Ordinals on the Bitcoin blockchain. Notably, nearly 40% of Ethereum blob submissions on Wednesday were for inscriptions.  The heightened activity in blob submissions has

2024-03-29Ethereum
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