Binance ETH Open Interest Surges Above $7.1B Amid Heavy Market Repositioning – Details
Amid the cheers of the new year, Ethereum achieved a decisive breakout above the long-standing price resistance around $3,000. According to market analyst Amr Taha, this price gain has been accompanied by significant changes in the derivatives market, which suggest an aggressive shift in investors’ positioning. Ethereum Traders Flood Market With Long Positions To Usher…
Bitcoin Absorbs Strong Selling Pressure On Binance Derivatives – Breakout Ahead?
Bitcoin (BTC) has remained range-bound between $100,000 and $110,000 since May 7, aside from a few dips to as low as $98,000 in June, which were quickly followed by daily candle closes above the $100,000 level. Recent analysis reveals that BTC has withstood sustained selling pressure on Binance Derivatives throughout this period. Bitcoin Withstands Binance…