Celsius to Unstake Thousands of Ether, Possibly Easing ETH Selling Pressure
The defunct crypto lender sent over 30,000 ETH to custodian Fireblocks in the past week, some of which was deposited at crypto exchange Coinbase, data shows.
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The defunct crypto lender sent over 30,000 ETH to custodian Fireblocks in the past week, some of which was deposited at crypto exchange Coinbase, data shows.
The expiry is Deribit’s largest so far and a record of almost $5 billion of options will expire in the money.
Overall crypto market capitalization crossed the $1.7 trillion mark on Wednesday for the first time since May 2022.
In a recent note, the Singapore-based investment fund said expects topside resistance for bitcoin in the $45k-$48.5K region.
Longs continue to get liquidated as the price of bitcoin and other major digital assets gyrate.
“Due to the rise of Ordinals and Bitcoin L2s, there are reasons to be bullish on the Bitcoin ecosystem. We are entering an era of Bitcoin that we have never seen before,” one market watcher told CoinDesk.
Bitcoin and Ether lead in liquidation heatmap with over $335 million in rekt positions in the last 12 hours.
Increased interest in the three-dimensional options market suggests an influx of sophisticated traders in the crypto market.
BitMex founder Arthur Hayes speculated about SOL hitting near $100 in a bullish weekend for altcoins.
Futures and options market metrics suggest traditional finance players and sophisticated market participants may soon rotate money into ether from bitcoin.