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Latest from Omkar Godbole
Bitcoin Drops Below $31K Before Rebounding; $8B in Liquidations Triggered
The price of bitcoin is now down more than 30% so far in May, on track for its worst month since November 2018.
Why You Shouldn’t Look at Bitcoin Backwardation Like an Oil Trader
Backwardation refers to a downward sloping futures curve where front-month contracts trade at a higher price than far-maturity contracts.
Crypto Exchanges See Fastest Bitcoin Inflows Since ‘Black Thursday’ in March 2020
Inflows are mainly concentrated on the retail-focused Binance, while institutions continue to hold.
Bitcoin Chart Indicator Suggests Worst of Pullback May Be Over
Experienced hands look to be buying the dip as a key bitcoin price indicator suggests the pullback may be coming to an end.
Bitcoin Suffers Biggest Pullback This Year, Drops to 3.5-Month Low Near $42K
One trading firm says it's now "very cautious of a gap toward $35K level."
Crypto Options Market Makers Starting to Influence Bitcoin Price
"Market makers were heavily short puts in the range of $52,000 to $50,000, and I estimate were forced to sell nearly 2,900 bitcoin," one trader said.
Decentralized Exchange Aggregator 1inch Network Expands to Polygon
The move will provide 1inch users access to liquidity sources on Polygon, like SushiSwap and Aave.
Binance's Indian Crypto Exchange Lists SHIB Token as Vitalik Gift Garners Local Press
The new listing comes a day after Ethereum's founder donated $1 billion in SHIB to India Covid Relief Fund.
Bitcoin Makes Weak Bounce After Tesla Blow but Pullback May Not Be Over: Analyst
Elon Musk's tweets aside, bitcoin remains vulnerable to rising odds of a Fed Reserve rate hike.
Fairlead's Stockton Warns of Bitcoin Correction to $42K, Based on Technical Analysis
"We are watching $42,000 as support," one analyst said.
