Today was the first time bitcoin traded below $30,000 since Jan. 21.
Its price fell Tuesday but the amount of BTC in DeFi is at its highest in over a month.
A bullish bitcoin mentality appears to be forming in the options market while ether continues on its roller coaster.
There appears to be strong support around $30,000, according to traders.
Very low spot volume Thursday isn’t helping bitcoin's price.
Bitcoin fell by over $3,300 while options traders see ether going higher.
The price of bitcoin has traded in a tight range Tuesday.
The technology is aimed at tracing commodity flows in near real-time.
Bitcoin may be down now but there is still growing demand for crypto assets, one analyst said.
Bitcoin’s price is on a rising trend for the first time this week.
Less action in the bitcoin market Wednesday means traders are sitting out while ether options are piling up for a first-quarter expiration.
Bitcoin’s price has ridden a roller coaster on lower spot volume while options traders are ready to bet on ether FOMO.
Bitcoin’s huge sell-off by over $8,000 in the past 24 hours while options traders clearly are betting that ether is overvalued.
Bitcoin hit a brand-new all-time high as traders are piling into ether futures.
Bitcoin’s price crested an all-time high $40,000 mark while DeFi total value locked hits a new record on market fervor.