Open interest in ether futures has increased significantly, indicating bullish sentiment among traders.
While historically linked to significant price increases, the golden cross is not a reliable standalone indicator.
“BTC implied volatility remains near all-time lows while ETH’s short-dated vol has jumped materially — that’s a sign traders see more upside and near-term action in ETH,” one trader said.
Majority of ether addresses are now "in-the-money."
The rally was likely driven by a large purchase in anticipation of future volatility, despite no immediate news catalyst.
U.S. inflation data, expected to show a rise in core CPI, may affect market volatility but is unlikely to prevent a Fed rate cut.
ETH’s strength has been underpinned by pro-crypto regulatory signals and heavy inflows into ETFs, with traders betting on a retest of its all-time high, some say.
FxPro chief market analyst Alex Kuptsikevich said the rebound aligns with “growing appetite in the stock markets,” but warned that BTC is “trapped in a narrow range.”
The shift in volatility patterns suggests bitcoin is increasingly mirroring Wall Street dynamics.
The ETF, which bets against MSTR, has seen a net inflow of $16.3 million in the past six months, while its bullish counterpart has experienced significant outflows.
Investors withdrew $196 million from U.S.-listed bitcoin ETFs on Tuesday, while pouring money into ether ETFs.
Bitcoin's long-term bullish sentiment has turned neutral as options market indicators show a shift in market sentiment.
Elliott wave expert suggests a potential BTC peak at around $140K followed by a bear market in 2026.
“The dip was driven by concerns over Trump’s tariff stance and the Fed’s signal that it’s not keen to cut rates soon,” one trader said.
Despite bullish headlines and China ties, Conflux’s on-chain metrics remain weak even as insiders say Beijing might be warming up to some forms of digital assets.
BTC's positive dealer gamma at $120K is likely adding to consolidation, with key charts indicating severe uptrend exhaustion.
The broader cryptocurrency market, including ether and solana, also experienced losses of 2% to 3%.
Traders are ramping up expectations for Fed rate cuts in 2026, which supports the bull case in BTC; however, the bond yield differential suggests JPY strength ahead.
The correlation between BTC's implied volatility indices and the S&P 500 VIX recently hit a record 0.88.
A large number of protocols on the two chains haven't captured any value lately, in what looks like on-chain version of disguised unemployment.
ETH eyes $3,400 after triangle breakout as major coins look north.
Institutional flows remained strong. U.S. spot bitcoin ETFs logged their ninth consecutive day of net inflows, with $403 million added on Tuesday.
BTC is down, but not out as SOL finds new resistance at $168.
The Defiance daily target 2x short MSTR ETF fell to a record low for the fourth consecutive day.
Long liquidations crossed $450 million in the past 24 hours with one bitcoin-tracked trade losing nearly $100 million.
BTC's dealer gamma profile suggests potential consolidation.
Geopolitical turmoil and economic uncertainty push unproductive assets to the forefront, raising concerns over capital allocation and market signals.
“We could see Bitcoin test $130K–$150K by year-end if macro winds cooperate,” one trading desk said.
BTC alone saw $291 million in forced closures, with futures tracking ether (ETH) and XRP following at $68 million and $17 million, respectively.
As the bitcoin price breaks records and institutional demand ramps up, the once-theoretical endgame of hyperbitcoinization is starting to look more like a macro trend than just a crypto dream.