Btc or eth market
Jul 03, · Bitcoin (BTC) and Ethereum (ETH) are the most important virtual currencies in the market. For a really long time, we have seen how they have tried to maintain their positions with different proposals and development teams behind them. But how have these two virtual currencies performed against each other in the last years? $BTC is leading the pack, but $ETH is near ready to explode. Key levels for $ETHBTC on the monthly as I see it. Upward trend support was defended nicely on that last move by Bitcoin, but if that fails it's essential to hold support. 1. Jun 04, · BTC ’s attempt to break above the psychological barrier came after ETH prices reached the highest levels since early March With the BTC and ETH hype and chatters continue to .
Btc or eth marketALT 5 Sigma Digital Instrument Market Summary for BTC, ETH, LTC, BCH | Morningstar
I look forward to your leadership of the SEC. One of the strong performers over the last week apart from BTC is Litecoin. All Rights Reserved. Search for:. Price Analysis. ICO Review. Submit ICO Review. Editor's Pick.
The most important factor now is institutional investors. There's no reason to punt a short now. What am I missing? Share on Facebook. Share on Twitter. Share on Linkedin. However, we also see limitations on this. Although the number of BTC addresses with a high balance has been picking up, this data alone is only part of the broader picture. By combining the balance on exchanges number, we may able to see a more comprehensive image. One of the narratives is that the total ETH gas used has reached a new all-time high, meaning more people have been using the network; thus, the price should go up.
ETH prices have touched levels before retracting back to the handles. However, when we look at the mean number of ETH gas used, we could see another picture. Data from Glassnode shows that the mean of ETH gas used has been lowering on the back of the rally, and formed a downtrend.
From that perspective, there may not be as many transactions as we thought. Generally, a higher transaction fee could suggest that the market has a higher demand for conducting transactions. Therefore users are willing to pay more for faster settlements. That also indicates that more people are using the network. We believe that cryptocurrency is a kind of network value asset, which means the more people use and hodl it, the more valuable the asset will be.
If analyzing on-chain activities is like fundamental analysis to equities, analyzing derivatives trading activities could be like statistical analysis. It could provide market participants with a glimpse of how real traders have been positioning their trades.
We could find valuable information from that. We noticed that one of the recent conversations in the crypto community is that the options skew of ETH has turned negative, and it could be bullish for the price. Traders can use these relative changes as a trading strategy. We believe that the IV changes in different options contracts could somewhat suggest the upcoming volatility of the underlying and how traders were anticipating it.
We think that traders should consider this alongside with many other factors that could drive the crypto markets. The way options traders pick the strike prices seems telling us that market has been takinga more progressive view on BTC prices, while the view on ETH has been relatively moderate. We can see that most of the BTC options open interestwere in the strike price area, while the second and the third most popular strike price wear around and On the ETH side, strikes have been the most popular, while the second and the third most OI were and On the ETH side, calls with strikes seem like a typical bullish setup.
On the other hand, and puts look more like defensive setups, as ETH has been in a rally since mid-May.
On the BTC side, calls with strikes also seem like a standard bullish setup, but calls with and strike prices seem even more aggressive. From the put writing perspective, puts with , , and strike price were all in-the-money.