Crypto Futures Trading

2024-04-03 10:44:58 Grayscale falls behind in ETF outflows first time since launch as ARKB loses $87.5 million

Grayscale Bitcoin Trust (GBTC) recorded lower outflows for the first time since the launch of spot Bitcoin ETFs on April 2, after ARK 21Shares (ARKB) posted outflows amounting to $87.5 million, according to Coinglass data. Comparatively, GBTC recorded the lowest outflows since March 12 at $82 million. The data for the other ETFs, including IBIT and FBTC, was not public as of press time. GBTC’s currently low outflows are notable because the fund consistently sees high outflows.

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2024-04-02 20:39:57 Bitcoin tumbles to $66,000 triggering over $240 million in market liquidations

Bitcoin’s price took a tumble on April 2, briefly dipping just to $66,000 before recovering slightly to around $66,500 as of press time. This drop from the digital assets’s all-time high of approximately $73,500 on March 14 represents roughly a 10% decline. Coinglass data shows that the plunge triggered a flurry of liquidations across the digital asset ecosystem, with over $240 million worth of positions being closed out in the past 12 hours.

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2024-04-02 05:54:57 Bitcoin falls over 4% to retest $68k support as Q2 starts

Bitcoin fell over 4.5% to a local low of $68,000 on April 1, marking a red start to the month after seven consecutive monthly closes in the green. While there has been some recovery in the past hour, the immediate fallout saw a staggering number of traders caught in the downturn. The decline comes after the flagship crypto climbed to $71,500 over the weekend to close a monthly candle at the highest price in history.

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2024-04-01 17:55:02 Trading Volume on South Korean Crypto Exchange Upbit Crashes 75%

Daily trading volume on South Korea's biggest cryptocurrency exchange has tumbled 75% from this year's high in a sign that frenzied trading in alternative cryptocurrencies (altcoins) has fizzled and digital assets other than market leaders bitcoin (BTC) and ether (ETH) may struggle to maintain lofty valuations. Upbit, which lists 192 cryptocurrencies and offers trading in 309 pairs, registered just $3.79 billion of volume in the past 24 hours, according to data source CoinGecko.

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2024-03-30 19:34:59 Bitcoin futures open interest reaches new high at $38 billion

Open interest for bitcoin futures on centralized exchanges has reached a fresh high, indicating increased trading activity around the largest cryptocurrency by market capitalization. Since the start of 2024, daily open interest in bitcoin futures has increased by more than 100% from Jan 1, when it was approximately $17.2 billion. This rise coincides with bitcoin’s price surge to $70,000 — a 66% increase year-to-date.

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2024-03-29 20:00:00 Ethereum co-founder Vitalik Buterin would like to see 'more good memecoins than bad ones'

In a blog post published today, Ethereum co-founder Vitalik Buterin shared his ideas surrounding memecoins and their potential for a net-positive impact in the cryptocurrency space. Citing one of his "personal moral rules" that "if there is a class of people or groups you dislike, be willing to praise at least a few of them to do the best job of satisfying your values," Buterin stated that he has "zero enthusiasm for coins named after totalitarian political movements, scams, rugpulls or anything that feels exciting in month N but leaves everyone upset in month N+1."

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2024-03-28 18:54:58 BlackRock’s spot Bitcoin ETF amasses 250,000 BTC as Fidelity’s crosses $10 billion AUM

BlackRock’s IBIT spot Bitcoin exchange-traded fund crossed 250,000 ($17.7 billion) in assets under management on Wednesday, just 11 weeks after trading began on Jan. 11. BlackRock’s Bitcoin ETF had already accumulated 245,951 BTC as of Tuesday, according to its latest fund disclosures. IBIT’s $323.8 million (4,702 BTC) worth of net inflows yesterday, per BitMEX Research data, were enough to tip it over the milestone.

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2024-03-27 21:14:59 Ripple needs to pay $1.95 billion in fines, SEC says in proposed final judgment

The Securities and Exchange Commission wants Ripple Labs to pay close to $2 billion and asks a New York court to weigh the "severity" of the firm's misconduct. In a proposed final judgment filed on Monday, the SEC asked Judge Analisa Torres to approve the fine, which includes $876 million in disgorgement, $198 million in prejudgment interest and a civil penalty of $876 million.

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2024-03-25 20:05:00 JPMorgan: Bitcoin Still Overbought Despite Price Drop

Global investment bank JPMorgan has cautioned that bitcoin is still overbought despite the crypto’s recent price decline. JPMorgan’s analysts expect continued selling pressure on bitcoin as the halving approaches, “particularly against a positioning backdrop that still looks overbought despite the past week’s correction.”

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2024-03-25 00:00:00 5 institutional investors own 22% of the largest Bitcoin mining company

Marathon Digital Holdings (NASDAQ: MARA) is the world’s largest publicly traded Bitcoin (BTC) mining company. Institutional investors have gradually increased their positions in Marathon despite the block subsidy halving expected in April. In particular, institutional investors own 38.9% of Marathon’s outstanding shares, holding 104,212,740 out of the 268 million. Finbold gathered this data from Nasdaq, which also shows the top five institutional shareholders of the Bitcoin mining company.

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