Cryptocurrency News

Ethereum derivatives data shows pro traders are bearish, but for how long?

04/13/2022

Less than a minute

2022.04.13 19:56

Ethereum derivatives data shows pro traders are bearish, but for how long?

Ether (ETH) lost the critical $3,000 psychological support level on April 11 after a 16% weekly negative performance. Bulls were definitively caught by surprise as $104 million in leveraged long futures got liquidated on April 11. Ether’s downturn also followed a decline in the total value locked (TVL) in Ethereum smart contracts.

The metric peaked at 40.6 million Ether on Jan. 27, and has since dropped by 22%. This indicator could partially explain why Ether could not withstand the adversity brought by Bitcoin‘s (BTC) 13% weekly negative move.

04/13/2022

Less than a minute

Leave a Reply Cancel reply

You must be logged in to post a comment.

Bitcoin (BTC) $ 104,715.06 2.81%

Ethereum (ETH) $ 3,866.96 3.61%

XRP (XRP) $ 2.54 5.03%

Tether (USDT) $ 0.999742 0.08%

BNB (BNB) $ 716.51 2.18%

Solana (SOL) $ 216.67 2.57%

Dogecoin (DOGE) $ 0.385707 5.38%

USDC (USDC) $ 0.999974 0.13%

Lido Staked Ether (STETH) $ 3,858.64 3.57%

Cardano (ADA) $ 1.04 5.80%

TRON (TRX) $ 0.272999 6.84%

Avalanche (AVAX) $ 46.54 7.90%

Chainlink (LINK) $ 27.41 2.98%

Wrapped stETH (WSTETH) $ 4,592.22 3.48%

Shiba Inu (SHIB) $ 0.000026 5.56%

the-open-network

Toncoin (TON) $ 5.72 5.84%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 104,563.02 2.56%

Sui (SUI) $ 4.59 5.42%

Stellar (XLM) $ 0.434353 3.28%

Polkadot (DOT) $ 8.27 6.46%

hedera-hashgraph

Hedera (HBAR) $ 0.300468 4.45%

WETH (WETH) $ 3,869.58 3.46%

Bitcoin Cash (BCH) $ 522.53 3.31%

Uniswap (UNI) $ 15.88 2.76%

Pepe (PEPE) $ 0.000021 8.20%

LEO Token (LEO) $ 9.71 0.93%

Litecoin (LTC) $ 117.96 0.64%

Hyperliquid (HYPE) $ 25.31 10.23%

NEAR Protocol (NEAR) $ 6.26 10.28%

Wrapped eETH (WEETH) $ 4,081.88 3.50%

Aptos (APT) $ 12.76 7.56%

Bitget Token (BGB) $ 4.39 14.64%

Ethena USDe (USDE) $ 1.00 0.06%

internet-computer

Internet Computer (ICP) $ 11.96 5.56%

Aave (AAVE) $ 370.15 0.33%

USDS (USDS) $ 0.998715 0.21%

crypto-com-chain

Cronos (CRO) $ 0.190576 7.46%

Ethereum Classic (ETC) $ 31.65 6.04%

polygon-ecosystem-token

POL (ex-MATIC) (POL) $ 0.554647 6.59%

VeChain (VET) $ 0.054364 8.44%

Render (RENDER) $ 8.36 6.30%

Artificial Superintelligence Alliance (FET) $ 1.58 5.55%

Monero (XMR) $ 219.96 0.19%

Mantle (MNT) $ 1.18 4.23%

Arbitrum (ARB) $ 0.934809 5.73%

Bittensor (TAO) $ 525.44 2.96%

MANTRA (OM) $ 4.03 3.41%

Filecoin (FIL) $ 6.10 7.09%

Fantom (FTM) $ 1.34 4.43%

WhiteBIT Coin (WBT) $ 25.00 1.16%