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ETH nears $3,000 with little resistance until $3,100. Will profit-taking from long-term holders impact the rally?Break-Even Sellers Could Test MomentumWhat to Watch Next
ETH/BTC has turned bullish, signaling a potential shift in market momentum. Here’s what it means for crypto traders and investors.Market Momentum Shifts: ETH/BTC Turns BullishWhat This Flip Could Mean for TradersIs It Time to Reallocate?
PEPE jumps 14% in 24 hours, pushing its market cap past $5 billion. What's driving this memecoin's meteoric rise?What’s Fueling PEPE’s Price Surge?What’s Next for PEPE Market Cap?
Altcoins form a bullish cup and handle pattern, eyeing a $1T breakout. Could this be the start of a massive rally?What the $1 Trillion Level Means“No Brakes” Sentiment in the Market
BlackRock now holds over $5 billion in Ethereum, highlighting institutional confidence in crypto assets.What This Means for the Crypto MarketWill More Institutions Follow?
Memecoins are rallying in sync, with sector-wide gains led by tokens like PEPE and BONK. As SPX6900 nears its all-time high, traders are watching for a confirmed breakout that could mark the start of a full-blown memecoin supercycle.
The GMX hack, which drained $42 million, has seen 90% of the stolen assets returned, boosting the token's value. However, the lack of clarity on the attack's details leaves lingering concerns about security.
- 10:29Analysis: Options Data Shows Traders Hedging Against BTC Falling Below $100,000 and ETH Dropping Below $3,000According to ChainCatcher, citing The Block, after a strong rally in Bitcoin, Ethereum, and other major crypto assets last month, cryptocurrency prices have recently remained flat, which appears to have prompted some market participants to adopt bearish positions. Crypto options platform Derive reported that its options positions expiring on August 29 have shown a clear preference for put options on Bitcoin and Ethereum, indicating that traders are hedging against a potential price drop before the end of the month. Sean Dawson, Head of Research at Derive, stated that as of the August 29 expiry, the number of Ethereum put options exceeds call options by more than 10%, with the greatest interest focused on strike prices of $3,200, $3,000, and $2,200. The analyst noted that this positioning aligns with expectations ranging from a mild pullback to a deeper correction. The bearish sentiment is even more pronounced for Bitcoin. The open interest in Bitcoin put options expiring on August 29 is nearly five times that of call options, with about half concentrated at the $95,000 strike price and roughly a quarter at the $80,000 and $100,000 strike prices. The analyst pointed out that this distribution shows traders are “heavily betting that Bitcoin will fall below $100,000.”
- 10:29White House: Trump to Make a Statement at 4:30 AMAccording to Jinse Finance, the White House has announced that U.S. President Trump will deliver a statement from the Oval Office at 4:30 p.m. Eastern Time on Wednesday (4:30 a.m. the following day, Beijing time).
- 10:07Spot gold falls below $3,360 per ounceAccording to Jinse Finance, spot gold has fallen below $3,360 per ounce, down 0.63% on the day.