theer613 pfp

theer613

@theer613

149 Following
151 Followers
theer613 pfp
theer613
@theer613
“If Atkins wants to change the SEC’s position, he wouldn’t just be able to declare it as so. They would have to go through the legal process and have some justification in order to alter their claims.
0 reply
1 recast
2 reactions
theer613 pfp
theer613
@theer613
Looking at the swathe of existing lawsuits from the SEC, including those against firms like Kraken, Coinbase, Ripple and others, Ho said neither Atkins nor the agency are capable of simply dropping everything and hammering a pro-crypto position immediately.
0 reply
1 recast
2 reactions
theer613 pfp
theer613
@theer613
“There’s still a precedent set by Gensler for him to follow and just because a new commissioner is named, it doesn’t mean all the legal work and precedent that has come out previously is just gone,” Ho said.
0 reply
1 recast
2 reactions
theer613 pfp
theer613
@theer613
Even though Atkins is clearly pro-crypto, Ho warned that industry pundits expecting a quick overhaul of the rules may be getting ahead of themselves.
0 reply
1 recast
2 reactions
theer613 pfp
theer613
@theer613
It is not only MicroStrategy that has been buying Bitcoin. CoinShares report shows that cryptocurrency investment products set a new record of $3.85 billion in inflows during the Dec. 2– Dec. 6 trading week.
0 reply
2 recasts
22 reactions
theer613 pfp
theer613
@theer613
However, there is no stopping MicroStrategy, one of the largest corporate holders of Bitcoin, which continues to build its stockpile. The firm said it bought 21,550 Bitcoin between Dec. 2–8 at an average price of $98,783. MicroStrategy co-founder and former CEO Michael Saylor told Yahoo Finance that he would be “buying the top forever.”
0 reply
2 recasts
20 reactions
theer613 pfp
theer613
@theer613
Fears of weakening global economies potentially impacting cryptocurrency markets likely played a role in the recent ETH price correction. However, traders’ sentiment remained optimistic, as reflected in derivatives market indicators.
0 reply
2 recasts
21 reactions
theer613 pfp
theer613
@theer613
Ether’s price decline appears to be influenced more by macroeconomic concerns than crypto-specific factors. Investor confidence was likely shaken after Nvidia (NVDA) shares dropped following the announcement of a monopoly investigation, alongside China’s inflation data showing a 0.6% decline in November compared to the previous month.
0 reply
2 recasts
17 reactions
theer613 pfp
theer613
@theer613
The Ether options market has shown diminished optimism, with the skew moving to -2% (neutral) from -7% on Dec. 6. However, despite ETH’s 5% price correction and repeated failures to breach $4,050, the options market has displayed resilience. A shift toward bearish sentiment would have driven the skew above the 6% neutral threshold.
0 reply
2 recasts
16 reactions
theer613 pfp
theer613
@theer613
To evaluate whether professional ETH investors anticipate further price corrections, the ETH options skew must also be analyzed. In bearish markets, traders typically demand higher premiums for put (sell) options, causing the 25% delta skew to rise above 6%.
0 reply
2 recasts
15 reactions
theer613 pfp
theer613
@theer613
The Solana network maintained its position as the leader in decentralized application (DApp) volumes, but Ethereum significantly narrowed the gap, reaching $24.2 billion over seven days. When incorporating Ethereum layer-2 scaling solutions such as Base, Arbitrum, Polygon, and Optimism, the combined volume rises to $48.6 billion—65% higher than Solana’s $29.5 billion.
0 reply
2 recasts
15 reactions
theer613 pfp
theer613
@theer613
Other factors driving the demand for bullish ETH positions in derivatives include an unprecedented $1.17 billion inflow into spot Ether ETFs since Nov. 29. Additionally, onchain activity on the Ethereum network surged by 24% compared to the prior week, mitigating concerns over the current $7.50 average transaction fee.
0 reply
2 recasts
14 reactions
theer613 pfp
theer613
@theer613
The funding rate for Ether perpetual futures currently reflects a 2.7% monthly premium, slightly above the 2.1% neutral threshold. Notably, this metric peaked at 5.4% on Dec. 5, potentially contributing to the increased appetite for leveraged positions in monthly ETH contracts.
0 reply
2 recasts
14 reactions
theer613 pfp
theer613
@theer613
Retail traders typically avoid monthly futures due to their price detachment from spot ETH markets, stemming from their longer settlement cycles. Consequently, heightened leverage demand—reflected in funding rates for perpetual contracts—can influence monthly futures pricing as whales and market makers closely monitor arbitrage opportunities.
0 reply
2 recasts
14 reactions