Crypto Futures Trading

2023-04-06 10:24:02 Bitcoin's Spot-to-Derivatives Trading Volume Ratio Slides to Lowest in 11 Months

The ratio between bitcoin's (BTC) daily trading volumes in spot and derivatives markets has slipped to an 11-month low, signaling renewed speculative activity in the crypto market. The ratio has tanked by nearly 80% in three months, reaching a low of 0.117, the level last seen on May 16, 2022, according to data tracked by South Korea-based blockchain analytics firm CryptoQuant. The decline comes amid a 70% year-to-date rise in bitcoin's price.

The slide has been quite sharp since bitcoin first ran into crucial resistance above $28,500 on March 21. It shows speculators have recently piled into bitcoin at a faster rate relative to retail investors and long-term holders. "The theory that the 2023 crypto rally is driven by a diversification out of the USD and the associated bank credit risk might be standing on weak ground if the rally was indeed purely driven by an increase in leverage," Markus Thielen, head of research and strategy at Matrixport, said, noting the decline in the volume ratio.

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2023-04-05 08:44:02 Allbridge Exploiter Returns Over $450,000 Of Stolen Funds

The Allbridge team has gone above and above to fix an attack that depleted the bridge protocol’s BNB Chain liquidity by $570,000. And their efforts were ultimately rewarded. A significant chunk of the approximately $570,000 stolen from the multichain token bridge Allbridge has been recovered after the exploiter accepted the project’s offer of a white hat and no legal reprisal.

On April 3, Allbridge said that it had received a communication from a person and that 1,500 BNB worth over $450,000 had been returned to the initiative. Peckshield, a blockchain security startup, initially spotted the April 1 hack, informing Allbridge in a tweet that their BNB Chain pools exchange pricing was being manipulated by a person operating as a liquidity provider and swapper. Allbridge, as a cross-chain bridge, enables the movement of cryptocurrency from one blockchain network to another through a liquidity pool. According to security company PeckShield, an attacker took cash last Sunday by manipulating prices in Allbridge’s liquidity pool on BNB Chain via flash loans.

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2023-04-04 13:19:44 #BTC Who's attentive and did spot the descending triangle immediately? Aight.

In essence, if I see something like this (as in the circle) - the long position will be closed, and I will try to take a short with a target at the flag's support level (from the previous post) and even lower - at $26800 - $26000 - $25k.

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2023-04-04 13:19:44 #BTC Yesterday, the bulls managed to uphold the support, stopping the wick at the support of the bullish flag. The target, derived from the flagpole, is set at the $29300 price point.

However, the risk-reward ratio for this trade doesn't meet my expectations in the current market conditions. Therefore, I'm entering a long position primarily as a formality.

https://t.me/Crypto_Futures_Trading Open / Comment

2023-04-04 08:42:02 Terra’s $200 Million In Real Estate Belonging Has Been Confiscated By South Korean Prosecutors

Recent events have resulted in South Korean authorities inspecting and seizing the real estate of Terra executives and employees. It has been established beyond a reasonable doubt that the prosecution has amassed over two hundred billion won in compensation for the assets of Terraform Labs executives and employees accused in connection with the incidents involving the virtual currencies Terra and Luna.

According to KBS, the Financial Securities Crime Joint Investigation Team of the Seoul Southern District Prosecutor’s Office in South Korea searched and preserved approximately 270 billion won (approximately 205 million dollars), with the assets totaling 154.1 billion won, 79.1 billion won, and 40.9 billion won. Expropriation and preservation is a technique that can be used to stop criminal suspects from arbitrarily getting rid of property that they obtained through criminal activity while their cases are pending in court. In addition, the real estate, automobiles, and stock possessions of early investors and employees who have been recognized as suspects in the case.

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2023-04-03 18:42:33 #BTC Stuck in a flat range, where support is actively being pushed closer to the horizontal resistance at $29k. It looks bullish overall, and we can anticipate a breakout of the resistance upward, as this would complete an ascending triangle pattern.

However, another logical outcome could be a drop below the support into an area where the price would appear more short, in order to lighten the load that will need to be lifted again. That's where I'm placing new buy orders with the volume that I previously sold.

So that's how my personal trading strategy looks now.

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2023-04-03 06:31:02 Justin Sun calls media reports about Huobi stake sale ‘April fools prank’

Justin Sun denied reported rumors about him being in talks to sell a stake in crypto exchange Huobi Global — calling them an April Fool’s joke. Sun tweeted in response to a Bloomberg News report on April 1 claiming that the Tron founder was looking to sell an undisclosed stake in Huobi Global to “raise funds.”. The report cited a “person with direct knowledge of the matter” who wished to remain confidential due to the sensitive nature of the information.

The source told the news outlet that Sun had been looking for potential buyers for several days but did not name any potential buyers or divulge any details of the discussions. Hong Kong-based About Capital Management acquired a majority 60% stake in Huobi Global for roughly $1 billion in October 2022 — with many speculating that Sun was behind the deal due to his links to the former company. In the ensuing months, Sun spent hundreds of millions of dollars of his personal money to help the exchange through tough times but continued to adamantly deny any claims implying he owned a controlling stake in the exchange.

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2023-04-02 06:48:02 ZeroSync and Blockstream to Broadcast Bitcoin Zero-Knowledge Proofs From Space

Swiss non-profit ZeroSync Association and Bitcoin infrastructure firm Blockstream say they plan to broadcast Bitcoin zero-knowledge proofs – a type of cryptography that’s become one of 2023 hottest blockchain-tech trends – from Blockstream’s satellite. Using zk-proofs to validate the Bitcoin blockchain means nodes don’t have to download the chain’s current 500GB of data and can therefore sync in fractions of a second instead of hours or days.

Blockstream’s satellite network provides free global access to Bitcoin by broadcasting the blockchain to the entire planet, including areas with unreliable Internet coverage. ZeroSync expects the first experimental broadcast to take place by the end of the year. The newly-formed ZeroSync Association was launched on Tuesday and plans to help scale Bitcoin by using zero-knowledge proofs (zk-proofs), a cryptographic technique to prove the validity of information without revealing the information itself. “The security of Bitcoin requires every participant to verify every transaction,” ZeroSync co-founder Robin Linus told CoinDesk.

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2023-04-01 07:26:02 Belarus Extends The Tax Exemption For Cryptocurrency Enterprises Until 2025

Belarus has stated that it would continue to provide crypto firms with a tax exemption until the year 2025. The tax exemption for miners and token creators in Belarus has been extended until 2025, allowing the country to continue to attract cryptocurrency enterprises. A directive exempting miners and operators of cryptocurrency businesses from paying value-added tax, income tax, and income tax was reportedly signed by Belarusian President Aleksandr Lukashenko this week.

Previously, the law of this nation stated that crypto firms and the people working for them are exempt from paying taxes until the year 2023 has passed. The Belarusian government began providing assistance to crypto enterprises for the first time in 2017, the year in which they initially began providing assistance to crypto companies. developed an exclusive neighborhood in Minsk known as the Hi-Tech Park. The extension of the tax exemption for cryptocurrency enterprises until 2025 is a positive development for both the cryptocurrency industry and the Belarusian economy. It demonstrates the government’s commitment to supporting and promoting the industry.

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2023-03-31 11:09:02 CoinDesk’s Misleading Information On Blockchain Performance Exposed

Recently, there has been a debate on the accuracy of information regarding blockchain performance in the media. The discussion was sparked by a recent article published by CoinDesk, which claimed that the transaction speed of Polygon is faster and the network fee is cheaper than that of Solana. Some argued that Solana is 40 times cheaper with compression and 10-100 times faster than Polygon.

Following this mistake, CoinDesk updated its article by stating that chains are relatively equal in both factors. This statement was quickly criticized by OxMert_, who argued that Solana has about 40 times cheaper fees (and actually 5000 times with compression) and about 10-100 times faster transactions. Added to this, an account known as Richard Patel claimed that CoinDesk’s information on blockchain performance is inaccurate, citing that transaction times on Polygon are 5 times higher than on Solana (~2200ms vs. 400ms). Fees are roughly 35 times more expensive. As the data showed on Polygon Website, it takes about $0.015 cost per transaction, while Solana takes about $0.00025 per transaction.

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