Leading DeFi token Uniswap has seen massive losses recently following in the footsteps of CRV and SUSHI.
Retail traders were rattled by Bitcoin’s $900 drop but BTC options data remains bullish ahead of Friday’s expiry.
Ethereum’s correction triggered a DeFi-token collapse which resulted in YFI and UNI dropping by 46%.
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Bitcoin price has remained above $10,000 for some time, but will the momentum tip back in the bulls favor for a retest of the key multi-year resistance at $12K?
Pro traders bullish sentiment softened after Bitcoin futures open interest fell in tandem with traditional markets which also recorded notable losses.
Bitcoin’s recent correction below $10,500 raises the possibility of a CME gap fill in the $9,900-$9,600 region.
Lured by the sirens’ call, traders are wrapping their Bitcoin at record levels in order to yield farm and trade DeFi tokens.
3 key indicators signalled that Bitcoin’s rally to the $11K level was a dud.
The price of Bitcoin has been testing $10,000 support the entire weekend but did the futures gap finally get filled by a chart candle downwick?