DeFI News by Thebittimes.Com

Author | WuBlockchain In February 2025, the spot trading volume of major CEXs decreased by 21% compared to January. The top three CEXs in terms of change rate were Bitfinex +14%, MEXC +3%, and Bitget -15%. The bottom three CEXs were Upbit -46%, Crypto.com -29%, and Kraken -27%. The derivatives trading volume of major CEXs in February decreased by 17% compared to January. The top three CEXs in terms of change rate were MEXC +7%, Gate +4%, and HTX -13%. The bottom three CEXs were Crypto.com -27%, Kraken -26%, and KuCoin -25%. The website traffic of major CEXs in February decreased by 20% compared to January. The top three CEXs in terms of change rate were HTX +45%, OKX +15%, and Bitget +6%. The bottom three CEXs were KuCoin -62%, Upbit -35%, and Coinbase -29%. Note: These data points may be influenced by wash trading or bot activity. Spot and derivatives data were sourced from CoinGecko, while website traffic data was obtained from Similarweb. Follow us Twitter: https://twitter.com/WuBlo...

BTC's correction reveals a disconnect between pro traders' confidence and retail investors' skepticism amid regulatory shifts. Bitcoin (BTC) briefly reached $38,000 on Nov. 24 but faced formidable resistance at the price level. On Nov. 27, Bitcoin price traded below $37,000, which is unchanged from a week ago.  What is eye catching is the unwavering strength of BTC derivatives, which signals that bulls remain steadfast with their intentions. An intriguing development is unfolding in China as Tether (USDT) trades below its fair value in the local currency, the Yuan. This discrepancy often arises due to differing expectations between professional traders engaged in derivatives and retail clients involved in the spot market. How have regulations impacted Bitcoin derivatives? To gauge the exposure of whales and arbitrage desks using Bitcoin derivatives, one must assess BTC options volume. By examining the put (sell) and call (buy) options, we can estimate the prevailing bullis...

SOL price recently rallied by 30%, but on-chain data suggests that the network’s growth challenges could restrict Solana’s upside. Solana saw two positive developments this week with the launch of the Saga Android-based smartphone powered by Solana blockchain and the retail trading debut of Grayscale’s Solana Trust shares. The developments along with bullishness in the broader market, boosted the price of SOL by 29.05% from April 11 to a monthly high of $26.03. While the mobile launch positively boosts the Solana ecosystem, the Saga phone appears over price d at over $1,000 apiece. Nevertheless, the smartphone received positive reviews in user experience and quality. Independent cryptocurrency investor, Amy Wu, noted that “Saga-exclusive dApps, games, and rewards as the phone ships globally, which will also make it easier to justify the $1,000 premium price.” It remains to be seen how the Solana Foundation leads the marketing efforts for the phone against existing giants like Samsung ...

The total crypto market cap slipped below $1.025 trillion as concerns over Silvergate Bank’s solvency triggered a sharp sell-off in BTC, ETH and altcoins. Cryptocurrency markets experienced a relatively calm month in February as the total market capitalization gained 4% in the period. However, the fear of regulatory pressure appears to be having an impact on volatility in March. Bulls will undoubtedly miss the technical pattern that has been guiding the total crypto market capitalization upwards for the past 48 days. Unfortunately, not all trends last forever, and the 6.3% price correction on March 2 was enough to break below the ascending channel support level. Total crypto market cap in USD, 12-hour. Source: TradingView As displayed above, the ascending channel initiated in mid-January saw its $1.025 trillion market cap floor ruptured after Silvergate bank, a major player in crypto on and off-ramping, saw its stock plunge by 57.7% at the New York Stock Exchange on March 2. Silvergat...

Miners are in deep trouble due to increased hash rate and energy costs, but pro traders slightly added to their longs despite the recent BTC pullback. Bitcoin (BTC) price lost 11.3% between Dec. 14 and Dec. 18 after briefly testing the $18,300 resistance. The move followed a 7-day correction of 8% in the S&P500 futures after the U.S. Federal Reserve chair Jerome Powell issued hawkish statements after raising the interest rate on Dec. 14. Bitcoin price retreats to channel support Macroeconomic trends have been the main driver of recent movements. For instance, the latest bounce from the 5-week-long ascending channel support at $16,400 has been attributed to the Central Bank of Japan's efforts to contain inflation. Bitcoin 12-hour price index, USD. Source: TradingView The Bank of Japan increased the limit on government bond yields on Dec. 20, which are now trading at levels unseen since 2015. However, not everything has been positive for Bitcoin as miners have struggled with the...

Demand for leverage buying remains absent in ETH despite the recent bounce to $1,200 as the U.S. Federal Reserve continues to hike interest rates. Ether (ETH) gained 5.6% on Dec. 20 after testing the $1,150 support the previous day. Still, a bearish trend prevails, forming a three-week-long descending channel, a price action attributed to expectations of further U.S. Federal Reserve interest rate hikes. Ether/USD price index, 12-hour. Source: TradingView Jim Bianco, head of institutional research firm Bianco Research, said on Dec. 20 that the Fed will keep the economy tightening in 2023. Later that day, Japan’s central bank increased interest rates to fight inflation, far later than its counterparties. The unexpected move made analysts more bearish toward risk assets, including cryptocurrencies. Ethereum might have caught some tailwind after the global payment processor Visa proposed a solution to allow automatic funding from Ethereum wallets. Auto-payments for recurring bills aren’t ...

The dollar index (DXY) found support at a key level, leading traders to question whether BTC will manage to flip $17,250 to support. On Dec. 2, the United States Dollar index (DXY), an index that measures the dollar's strength against a basket of top foreign currencies, reached 104.40 which was the lowest level seen in 5 months.  To recap, the U.S. dollar's weight against the basket of top foreign currencies grew by 19.6% in 2022 until late September as investors looked for protection against the impact of a hawkish Federal Reserve and, more recently, the rising energy costs and effect of high inflation. The U.S. dollar's retreat may have been an interim correction to neutralize its "overbought" condition, as the 114.60 peak was the highest level in 20 years. Still, its inverse correlation with Bitcoin (BTC) remains strong, as pointed out by analyst Thecryer on Twitter: $DXY $BTC pic.twitter.com/jG9HmYN8Mg — Thecryer (@HumpBackCrypto) December 2, 2022 Notice ...

Bitcoin whales and market makers continue to add to their leverage long positions, even though it’s unclear whether $15,500 was the final bottom. Bitcoin (BTC) bears have been in control since Nov. 11, subduing BTC price below $17,000 on every 12-hour candle. On Nov. 28, a drop to $16,000 shattered bulls' hope that the 7% gains between Nov. 21 and Nov. 24 were enough to mark a cycle low at $15,500. The most likely culprit was an unexpected transfer of 127,000 BTC from a Binance cold wallet on Nov. 28. The huge Bitcoin transaction immediately triggered fear, uncertainty and doubt, but the Binance CEO, Changpeng Zhao, subsequently announced it was part of an auditing process. Regulatory pressure has also been limiting BTC’s upside after reports on Nov. 25 showed that cryptocurrency lending firm Genesis Global Capital and other crypto firms were under investigation by securities regulators in the United States. Joseph Borg, director of the Alabama Securities Commission, confirmed th...

The Ether futures premium remains negative, while options markets are pricing similar risks for bulls and bears. Source: https://thebittimes.com/ethereum-open-interest-hits-7-7b-raising-the-chance-of-a-short-squeeze-above-1-5k-tbt25689.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam Category: Ethereum News Post by: TheBitTimes.com