Top 5 cryptocurrencies for the month of February

January was a pretty bullish month for the cryptocurrency industry.

Will February bring the same bullish returns in the crypto arena?

The five cryptocurrencies featured in this article feature both interesting developments coming up in February and some bullish looking charts.

January was a pretty bullish month for the cryptocurrency industry, with many digital coins reaching new highs throughout this time frame. Will February bring similar bullish returns in cryptocurrency?

If so, which pieces are likely to show the way, and why? This is what we will see below.

The ether is the second largest cryptomonnaie by market capitalization, behind Bitcoin (BTC). It benefits from important use cases, since its blockchain serves as a platform for the development of smart contracts for many other cryptocurrencies.

An interesting development to come for the ether during the month of February is the publication by the CME Group of the cash settled ether futures contracts , which are expected to be launched on February 8, 2021.

After Bitcoin, whose cash-settled futures were launched in 2017, ETH is now the second digital asset whose futures are managed by the CME Group. This would potentially allow market participants to have a simpler method of managing their risk when investing in ether.

From a technical analysis perspective, ETH appears to be in the last phase of its bullish momentum, but could rise to as high as $ 1,780 before falling

While EGLD is still a relatively small coin when ranked by market capitalization, its price and rank rose significantly during the month of January.

Additionally, Elrond has ambitious plans for the future, as the company aims to create a financial system that allows for virtually instant transactions, while being non-inflationary. EGLD plans to make this system accessible globally.

One of its means to achieve this is by launching “ Maiar ”, a financial application that enables simple money and crypto transfers around the world.

The application would allow users to have a functional portfolio in just a few seconds. Unlike Venmo or Google Pay, Maiar will not collect personal information. So far, over 180,000 users have signed up for its release.

The launch date for this wallet and payment application was set for January 31, 2021.

From a technical analysis standpoint, EGLD still appears to be in a long-term uptrend despite its parabolic rise, and should continue to climb towards $ 84-85.

Stellar was established in 2014 with the goal of providing financial services to areas of the world that are underdeveloped and lack them. Transactions on its network have a fixed commission of just 0.0001 XLM and are virtually instantaneous.

The coin also enjoys institutional interest, as evidenced by Grayscale Investments, which created the Stellar Lumens fund . In the third quarter of 2020, XLM was Grayscale’s seventh best performing asset.

Previsões de preço de seis dígitos de Bitcoin de volta à mesa

A grande correção que os principais analistas haviam previsto ainda não se concretizou à medida que os preços do Bitcoin recuaram para $40k.

Isto resultou na renovação das previsões de preços de seis dígitos para este ciclo de mercado, com alguns sugerindo um máximo de $300.000 desta vez.

No momento em que escrevemos, a Bitcoin estava sendo negociada a $37.900 depois de atingir uma alta intradiária de $40.000 de acordo com o Tradingview.com. O ativo havia começado a cair durante a sessão comercial asiática na sexta-feira e não havia conseguido quebrar sua alta anterior de $42.000, mas o sentimento ainda é muito alto.

A capitalização total do mercado de criptografia ultrapassou um trilhão de dólares novamente, uma vez que alguns dos altcoins, como o Polkadot, fazem ganhos monumentais 24 horas por dia.

Quando será que o Bitcoin vai ultrapassar os 100 mil dólares?

Os comerciantes e analistas populares estão de volta ao jogo de previsão de preços e estão em grande parte de acordo que este ciclo de mercado resultará em preços de seis dígitos de Bitcoin.

Josh Rager disse que ele acha que a Bitcoin terá um preço de seis dígitos até o início de 2022;

Eu sabia que a Bitcoin de seis dígitos acabaria por chegar, mas pensei que seria o próximo ciclo alto.

Após a recente ação de preços, atingindo $40k tão rapidamente, devo dizer que acho que Bitcoin vê um preço de seis dígitos no início de 2022

E esse $BTC continuará a pegar fogo em todo o mundo

– Josh Rager 📈 (@Josh_Rager) 15 de janeiro de 2021

Ele acrescentou que, neste pico, o nome ‚Bitcoin‘ será mencionado em todas as TVs, telefones e tablets do mundo.

„Este pode certamente ser o ciclo que leva o Bitcoin a se tornar um nome doméstico, juntamente com a adoção séria daqueles que uma vez zombaram do dinheiro digital peer-to-peer“.

O companheiro comerciante ‚TraderKoz‘, que tem 28k seguidores no twitter, acrescentou que ele diria que este ciclo nos leva a $250k a $350k.

„A partir daí, temos 3 anos de acumulação na faixa de $60-90k antes que Bitcoin assuma todo o sistema financeiro. Essa corrida de touro nos levará a mais de $1.000.000“.

Michael Saylor, que é a empresa de investimento institucional da MicroStrategy tem comprado grandes faixas de Bitcoin, continua a postar tweets em alta sobre o ativo para seus 330k seguidores;

#Bitcoin é um feito de engenharia monetária, e descrito mais de perto pela matemática, ciência e técnica da engenharia aeroespacial do que os modelos de engenharia financeira ou de software.

– Michael Saylor (@michael_saylor) 14 de janeiro de 2021

O Efeito Institucional

O fornecedor de dados agregados de intercâmbio de derivados Bybit informou que os fluxos institucionais de Bitcoin não estão mostrando sinais de desaceleração, acrescentando que pode haver uma nova rodada de compras por Grayscale.

A própria Grayscale relatou um número de ativos sob gestão (AUM) de US$ 27,7 bilhões em sua atualização mais recente. A empresa também acaba de divulgar seu quarto trimestre revelando que houve uma demanda recorde de investidores no período, com aproximadamente US$ 3,3 bilhões em influxos.

4Q RELATÓRIO: O investimento do ano passado na família de produtos Grayscale ultrapassou US$ 5,7 bilhões, mais de quatro vezes o influxo cumulativo de US$ 1,2 bilhão em nossos produtos de 2013 a 2019. Leia mais. https://t.co/T4sMVQhcDe pic.twitter.com/yuh5qj0GyT

– Grayscale (@Grayscale) 15 de janeiro de 2021

A história causou tanto impacto que até mesmo a Reuters a pegou.

Financial experts (almost) agree – investors migrate from gold to Bitcoin

Due to the current price developments, Bitcoin is shining stronger than gold.

Several financial experts confirm the thesis that Bitcoin’s current climb is partly due to the fact that the cryptocurrency is increasingly contesting gold’s market share as a hedge against inflation.

The gold price lost 4.62% last week, falling to US$1,857, while Bitcoin gained up to 40% last week. Previously, the two stores of value had been moving in lockstep.

However, Charlie Morris, the founder and chief investment officer (CIO) of asset management firm ByteTree Asset Management, no longer sees this as valid. Rather, he relates the size of gold’s downturn to the fact that some investors have arguably migrated to bitcoin.

While other factors may have caused the precious metal to lose US$50, the remaining losses could only be explained by capital being shifted from the precious metal to the market-leading cryptocurrency, Morris writes.

CNBC financial expert and TV host Jim Cramer had already struck a similar note a few days ago when he said that the capital outflows from gold „are all flowing into the crypto market“.

Holger Zschäpitz, the senior economics editor of the WELT, also supports this thesis. He sees initial evidence in the fact that the outflows from gold index funds (ETFs) have gone up at the same time as the inflows into the bitcoin investment fund of the crypto asset management company Grayscale. Even if this is only a correlation, and not a correlation of effects, it can be seen that the precious metal is getting competition.

As young investors play an increasingly important role in the future, the asset class of cryptocurrencies becomes all the more legitimate. Alongside gold as the leading store of value, Bitcoin is also increasingly making a name for itself as a hedge against inflation and an uncertain economic situation. Recent price developments could be the first indication that Bitcoin is slowly gaining the upper hand in the competition for this function.

Frank Spiteri of Coinshares confirms in an interview with Bloomberg that the narrative around Bitcoin as a hedge is gaining momentum „given the very unconventional monetary policies [of central banks]“.

„It seems that the big institutions are all discovering Bitcoin as an independent store of value at the same time,“ he adds.

The experts‘ assessments are further underlined by the fact that this week, for the first time, a Bitcoin currency unit has reached more value than 20 ounces of gold.

Nonetheless, some gold advocates reject this line of reasoning in order to bolster their precious metal. For example, notorious Bitcoin critic Peter Schiff says that investors will return to gold as soon as inflation becomes a real threat to their wealth.

Ethereum (ETH) price: history of its movements

The first Ethereum rally took place between August 2015 and June 2016.

The second rally took place from June 2016 to December 2017.

The historic high of ETH is at $ 1,594

Ethereum (ETH) has grown significantly since March 2020. Unlike Bitcoin System, however, it still has to surpass its all-time high (ATH) of $ 1,594, which it reached in January 2018.

In this article, we’ll compare the previous market cycles for ETH, and see how they can approximate the current upward movement.

The first major rally for ETH took place from August 2015 to June 2016. During this period, the price of ETH went from a low of $ 0.50 to a high of $ 21.49 , which represents an increase of 4,200%. This movement took place over a period of 308 days (shown in green below).

This movement was followed by a 72% drop in 175 days (shown in red), which led to a low of $ 5.92 in December 2016. Nonetheless, this new low still measured an increase of around 1,200% compared to August 2015 prices. This is also a higher low compared to August 2015 prices.

This period marked the first major market cycle for ETH. It also provided its first all-time high which, interestingly, has not been retested since.

ETH’s next significant rally started after the aforementioned low in December 2016. The rally was slightly longer, but with an even higher growth rate.

In 399 days (green), ETH rose 26.840%, reaching a price of $ 1,594 in January 2018. This is its all-time high, which is still valid today

This rally was also different from the previous one as it featured a 140 day period during which the price consolidated before heading for the high of $ 1,594. It is therefore possible to divide this period into two rallies, one which led to the peak of 405 dollars in June 2017 and the other which led to 1,594 dollars.

In all cases, there followed a period of massive correction (in red). ETH fell 95% in 336 days, reaching a low of $ 80.56 in December 2018.

As a result, the second rally represented an even higher rate of increase, but also a stronger and larger correction thereafter.

Schlüsselfaktoren, die Sie genau beobachten sollten, wenn Bitcoin 40.000 US-Dollar klemmt

Bitcoin hat am 7. Januar 40.000 USD gebrochen und damit ein neues Rekordhoch von 40.180 USD erreicht. Nach einer intensiven Preisverweigerung korrigierte Bitcoin System jedoch schnell nach unten. Dies führte dazu, dass der große Bulle zu einem Preis von 36.491 USD schloss.

Bitcoin gewann einen Tag später wieder an Fahrt und testete sein bisheriges Allzeithoch erneut, was dazu führte, dass die Kryptowährung einen weiteren ATH-Preis von 41.946 USD erreichte

Bitcoin wurde erneut abgelehnt und bewegte sich auf das Niveau von 36.838 USD, obwohl Bitcoin immer noch bei 40.000 USD schließen konnte. Offensichtlich nimmt der rückläufige Druck auf 40.000 USD zu, und wenn die Bullen der Hitze nicht standhalten können, könnte Bitcoin weiter nach unten rutschen. Es gibt einige Schlüsselfaktoren, die besonders beachtet werden müssen, wenn Bitcoin den vorherigen Widerstand erneut aufgreift.

Zum Zeitpunkt der Drucklegung wird Bitcoin zu einem Preis von 40.894 USD gehandelt. Das 1-Stunden-Handelschart zeigt, dass die Bullen hartnäckig sind, da Bitcoin es geschafft hat, am oberen Ende des 30.000-Dollar-Niveaus zu bleiben, obwohl Analysten feststellen, dass die Preise fallen und auf das 36.000-Dollar-Unterstützungsniveau zurückkehren könnten.

Schlüsselfaktoren, die genau beobachtet werden müssen, wenn Bitcoin 40.000 US-Dollar einspielt

In der Zwischenzeit ist Crypto-Twitter mit seinen heißen Takes wie gewohnt aktiv. Travis Kling, der Leiter einer Krypto-Vermögensverwaltungsfirma, stellte fest , dass eine massive Preiskorrektur, die er als „schwarzen Freitag“ bezeichnet, den großen Bullenhandel mit 20.000 USD sehr schnell sehen könnte. Dies wird sicherlich zu massiven Rückgängen für bullische Investoren und Händler auf dem Markt führen. Verkäufer können auch weiterhin ohne Unterbrechung verkaufen, was dazu führt, dass Bitcoin noch niedriger handelt.

Ein ähnliches Gefühl teilte der Analyst Joseph Young, der ironischerweise vorausgesagt hatte, dass Bitcoin niemals unter 20.000 USD handeln wird. Der Analyst warnte, dass der laufende BTC-Verkauf von asiatischen Investoren am Wochenende zu einem erheblichen Preisverfall führen könnte.

Crypto Lobby considers ideal choices for Biden at SEC, CFTC and OCC

With Janet Yellen as the presumed secretary of the Treasury, Biden’s potential appointments to the U.S. regulatory apparatus will be crucial.

The cryptomorphic lobby seems cautiously optimistic about Biden’s potential choices to lead the U.S. regulatory environment.

This, at least, according to a discussion on Thursday promoted by TRM Labs, featuring the managing directors of the Blockchain Association and Coin Center – respectively Kristin Smith and Jerry Brito. The pair entered into a discussion about who they expect the Biden government to appoint to major regulatory agencies, such as the Securities and Exchange Commission, the Commodity Futures Trading Commission and the Office of the Comptroller of the Currency, given that Janet Yellen seems to be a good option to get the highest position in the U.S. Treasury.

Smith said she hopes for more regulators who have worked alongside the crypto wealth industry, such as current OCC leader Brian Brooks. She concluded that despite some persistent stigma around the industry, the real legal professionals who make this happen are an impressive team:

„If you look at the regulatory professionals, the general counsel who remain in the cryptomotic space, are very talented people who have worked in government before, who have worked in important law firms, who are considerate. They are not „turncoats“ or „liars.

Smith, however, has not specifically named a person. Likewise, Brito’s wish list for a new SEC commissioner did not include a name, but some basic understandings about the crypto market: „Ideally, someone who understands the technology and understands the potential, understands the risks and someone who understands that they are not prudent as a regulator.

Brito was optimistic that „this is something that a Biden government should be able to accomplish“.

Last month, both the Blockchain Association and the Coin Center were part of the vocal opposition to behind-the-scenes Treasury Department talks, which were trying to attack self-hosted portfolios. The same issue attracted the attention of Congress. In today’s conversation, Brito and Smith named this threat one of the top priorities of their current operations. Smith said today that „Until last summer, the industry was not particularly concerned about this problem.

Brito felt that the recently renamed Facebook Libra Diem was what drew new attention to the point by point, from people unfamiliar with Bitcoin or Ether portfolios that have long used the same technology. „It’s something that police authorities are aware of and comfortable, and it’s something that FinCEN is aware of and comfortable with, but I think in other spheres of government, it took them by surprise,“ said Brito.

Flipside Crypto nomme les 25 meilleurs projets en décembre – et Bitcoin est loin d’être numéro un

Flipside Crypto, une société qui fournit des renseignements commerciaux aux entreprises de cryptologie, dévoile ses 25 principaux actifs de cryptologie pour le mois de décembre.

Flipside déclare que la santé globale de son industrie, qui est une mesure qui reflète la performance de l’ensemble de l’industrie de la cryptographie, se situe à 871, ce qui représente une augmentation de six points par rapport au score de 865 du mois dernier. La plateforme d’informations sur la cryptographie a également attribué une note A pour indiquer la santé globale de l’espace de la cryptographie.

Les 25 meilleurs projets de Flipside pour le mois de décembre classent chaque actif numérique selon ses fondamentaux. Ethereum (ETH) occupe la première place, suivi de Chainlink (LINK), un réseau d’oracle décentralisé. Ces deux actifs cryptographiques ont conservé leur position dans le classement du mois dernier.

La troisième place est occupée par la plateforme de prêt Maker DAO (MKR), qui gagne deux places par rapport à son classement de novembre. Cardano (ADA) est toujours en quatrième position, tandis qu’EOS perd deux places, passant de la troisième place le mois dernier à la cinquième. Le protocole de liquidité des produits dérivés Synthetix (SNX) grimpe de la huitième place en novembre pour prendre la sixième place ce mois-ci. Stellar (XLM) conserve la septième place tandis que Bitcoin Evolution (BTC) tombe à la huitième place ce mois-ci, après avoir terminé sixième en novembre.

TRON (TRX) conserve sa 9e place, tandis que 0x (ZRX) fait un bond de deux places ce mois-ci pour clôturer le top 10 des actifs cryptographiques de Flipside.

Voici les autres projets de crypto qui ont fait partie de la liste des 25 meilleurs de Flipside ce mois-ci :

  • Algorand (ALGO)
  • Décentralisation (MANA)
  • Monero (XMR)
  • Réseau cybernétique (KNC)
  • Réseau OMG (OMG)
  • Aave (LEND)
  • XRP
  • Dash (DASH)
  • Composé (COMP)
  • Loopring (LRC)
  • Zilliqa (ZIL)
  • Zcash (ZEC)
  • Ethereum Classic (ETC)
  • Statut (SNT)
  • Neo (NEO)

Marktbeobachtung: Bitcoin nähert sich $17.000, da die Welligkeit nach 20% wöchentlich aufwacht

Ein Gewinn von 25 Milliarden Dollar für die Kappe des Krypto-Marktes, da Bitcoin ein neues Frühhoch malte, während die meisten Altmünzen mit massiven Preiserhöhungen gefolgt sind.

Bitcoin markierte ein weiteres Jahreshoch und kam nur Zentimeter davon entfernt, 17.000 $ zu erreichen. Die meisten Alternativmünzen haben sich mit einigen beeindruckenden zweistelligen Preiserhöhungen angeschlossen. Selbst Altmünzen mit großen Kappen wie Ripple, Litecoin und Polkadot sind massiv gestiegen.

Bitcoin erreicht Höchststand bei 16.900 $

Nach den bemerkenswerten anderthalb Monaten, in denen Bitcoin ausgestellt wurde, schien es fast so, als sei es nur eine Frage der Zeit, bis das Vermögen einen neuen Jahreshöchststand erreicht. Der letzte kam am Freitag und BTC beruhigte sich danach.

Die Situation änderte sich gestern rapide, vielleicht aufgrund der Nachricht, dass Moderna Therapeutics einen Impfstoff gegen COVID-19 entwickelt hat, der in über 94% der Studienfälle erfolgreich ist.

Die Preisentwicklung von Bitcoin war nicht wie beim letzten Mal, als Pfizer ähnliche Nachrichten ankündigte, eine Pump-and-Dump-Situation. Diesmal stieg die primäre Krypto-Währung allmählich auf ihren neuen höchsten Preis seit Januar 2018.

BTC handelte zuvor unter 16.000 $, wo es sein Bein nach oben begann. Sie spulte einige Stunden vor, und Bitcoin klopfte bereits an die 16.900 $-Tür (auf Bitstamp). Dieses Niveau wurde zum neuen Höchststand von 2020.

Bitcoin ist nach dem Höchststand leicht zurückgegangen, handelt aber immer noch über 16.700 $. Auf einer 24-Stunden-Skala entspricht dies einem Preisanstieg von 3%.

Grün dominiert die Altmünzen

Im Gegensatz zu den meisten früheren Preissprüngen, die von Bitcoin initiiert wurden, sind diesmal die alternativen Münzen dem Beispiel gefolgt. Tatsächlich haben die meisten von ihnen sogar die BTC übertroffen.

Die drei beeindruckendsten Gewinner aus den Top Ten, nämlich Ripple, Litecoin und Polkadot, haben alle um etwa 8 % zugelegt. Infolgedessen liegt der XRP bei 0,30 $, der LTC bei 75 $ und das DOT bei knapp 5 $.

Ethereum (2,5%), Bitcoin Cash (1,5%), Binance Coin (3%) und Cardano (6%) haben ebenfalls zugelegt.

Noch beeindruckendere Preisleistungen zeigen sich bei DeFi-Marken, wie es in letzter Zeit häufig vorkommt. HedgeTrade ist mit einem Anstieg von 20% der bemerkenswerteste Gewinner. Curve DAO Token folgt mit einem Anstieg von 16%.

Yearn.Finance (15%), Reserve Rights (12,5%), Aave (11,5%), SushiSwap (11%) und NXM folgen.

Insgesamt hat die Gesamtmarktkapitalisierung gegenüber dem gestrigen Tiefstand um 25 Milliarden Dollar und innerhalb einer Woche um 37 Milliarden Dollar zugenommen. Die kumulierte Marktkapitalisierung aller Vermögenswerte in Kryptowährung beträgt 475 Milliarden US-Dollar.

Bitcoin Cash (BCH) hard fork: who will win the battle?

Bitcoin Cash (BCH) has finally made its hard fork, after months of tensions between developers. Does this signal the beginning of the end for altcoin, or the promise of a revival?

End of the Bitcoin Cash (BCH) funding debate?

Before undergoing this hard fork, the Bitcoin Cash (BCH) project was crossed by heated debates throughout the year 2020. Last January, there was talk of introducing a „mining tax “ which would finance development network . 12.5% ​​of the rewards would then have been automatically transferred to the development teams. The measure sparked such outcry from the BCH community that it was quickly canceled .

But the idea had gained ground. Amaury Séchet, r e sponsible Bitcoin ABC , an implementation of the Bitcoin protocol Cash had indeed forced a change to the next update of the network. Last August, he explained that the new rule would send 8% of BCH produced with mining to an address controlled by Bitcoin ABC , in order to finance development.

Bitcoin Cash (BCH) hard fork has taken place

It was this one-sided maneuver that forced the inevitable: a hard fork for Bitcoin Cash . The payment network therefore split into two implementations during its recent update. On the one hand, we have Bitcoin Cash ABC (BCH ABC) , which has set up this new financing tool. On the other side, there is the zero mining tax implementation: Bitcoin Cash Node (BCHN) .

BCHN supporters had historically opposed the network’s financing plans, citing too much centralization of operations. It should also be noted that the two teams were also strongly opposed to the new difficulty adjustment algorithm.

The result is therefore there: Bitcoin Cash split in two, while it had already experienced an exodus of its developers when Bitcoin SV (BSV) was created in 2018.

“The BCH has split into two chains – BCHN and BCHABC. BCHN mined the first block and is in the lead for the #BCH ticker. “

Immediately after the hard fork, it was in fact BCHN that had the most miners : 60% against nearly 40% for the version of Bitcoin Cash ABC. It is of course still too early to determine if the two versions will manage to hang on in the months to come.

What consequences for Bitcoin Cash?

The price of Bitcoin Cash experienced a sudden drop in the hours following this hard fork. As Bitcoin (BTC) and altcoins started to rise, it lost more than 10% in the space of a day:

We must therefore wait to see how the hard fork will unfold for the two versions of Bitcoin Cash. For now, it looks like BCHN has several cards in hand to become the dominant version . But a hard fork is never trivial and the Bitcoin Cash project could struggle to recover from it.

Bullishers are ready to defend the $13,000 level when $450 million in Bitcoin futures expires this Friday

USD 450 million in Bitcoin futures expire this Friday and data shows that bullish professional traders are prepared to defend the USD 13,000 level.

A total of 62,000 Bitcoin Options (BTC) will expire this Friday, and that’s $830 million in open interest. These large numbers don’t reflect the fact that 58% of these options are no longer worth anything.

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As we approach the expiration date, call options above the current level begin to devalue very quickly. It’s not worth paying $20 for the opportunity to buy Bitcoin at $14,500 on Friday morning. Therefore, renewing the options for next month isn’t very useful.
Price of BTC options for the month of October Source: Deribit

With less than 48 hours to go until October’s expiration, call options of $14,500 and above are unlikely. The same can be said of put options of USD 11,500 that are currently trading at below USD 10 each.

Deribit leads the options market with a 70% share of the options that still have value. Currently, there are USD 134 million in call options from USD 11,500 to USD 13,500, accumulated against USD 45.5 million in put options from USD 12,5000 to USD 14,500.

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The Chicago Mercantile Exchange (CME) has a 26% market share among BTC options for October that still have value. Call options close to the current market level amount to USD 72 million, while put options are less than USD 1 million. This movement is no different from the maturities seen in the past, as CME option traders are usually extremely bullish.

Therefore, there is currently a $160 million imbalance that favors the bulls in the Bitcoin options markets. This is a relevant number considering that the expiration occurs at a set time. OKEx and Deribit options and futures will expire at 8:00 a.m. (UTC) on October 30th, and the WEC a few hours later at 4:00 p.m. (UTC).

Open futures interest generally falls near maturity

Many traders believe that the $5.4 billion open interest in Bitcoin futures also expires on Friday. Most of those contracts are either perpetual (reverse swaps) or are set for a later date.

This time around, CME is leading with an open interest of $360 million for the month of October, but there is one detail. This notional will be drastically reduced before maturity as traders move their positions for the next few months. As evidence of this movement, the remaining open CME interest for October was reduced yesterday by USD 130 million.

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No matter how large an investor’s profit or loss, it is viable to renew the position for the next maturity. Unlike the option markets, futures contracts are not devalued near their last trading day.

The futures margin is adjusted daily, which means that the seller (short) pays the buyer (long) of the contract when Bitcoin trades above the price, and the opposite happens if the BTC price closes below. Both parties can benefit from renewing their positions, as long as there is sufficient margin to maintain it.

For professional traders, the futures premium is the most useful indicator to measure how bullish or bearish those investors are. At the time of writing, OKEx leads the remaining trades with $69 million due Friday, followed by $23 million Huobi.

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This indicator is known as the base and usually ranges from 5% to 15% annualized rate. Whenever the premium is positive, the market is characterized by being in contango. While levels below 5% indicate a modest downward trend.