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Crypto Market Finally Finds Stability… In a Totally Not Fake Way

Crypto NewsRegulation/NegotiationRetail Investors 3 Kevin Nelson September 1, 2024

An illustration of a calm ocean with waves gently lapping at the shore, contrasted by a chaotic stormy sea in the background. A steady boat navigates through the turbulent waters while others struggle to stay afloat.

Just when I thought it was safe to go back into the crypto market… Block Scholes and Bybit come along with their report on stability in crypto derivatives, touting futures markets as resilient despite recent turbulence. Wow, what a shocker! The fact that open interest remained steady after Bitcoin plummeted below $59k is just proof that traders have finally learned to put their money where their mouth isn’t (i.e., not all over the place). I mean who needs stability when you can have wild price swings and forced liquidations? Not me, apparently. And don’t even get me started on toncoin’s funding rate – a surefire sign of renewed interest in leveraged positions… said no one ever. The report also claims that traders are anticipating a favorable environment for crypto assets after the election (because nothing says ‘favorable’ like uncertainty and volatility). All this just goes to show how far we still have to go before the crypto market matures, or at least becomes less of an embarrassment.

Source: bitcoin.com

Block Scholes and Bybit Report Highlights Stability in Crypto Derivatives 
https://news.bitcoin.com/block-scholes-and-bybit-report-highlights-stability-in-crypto-derivatives
A recent study by Block Scholes and Bybit reveals a resilient crypto derivatives market, despite recent market turbulence. The report provides insights into futures, options, and perpetual contracts, emphasizing the sector’s ability to withstand significant market events. The joint report from Block Scholes and Bybit highlights the stability of futures markets amidst a sharp sell-off that drove bitcoin (BTC) below $59,000. Despite this, open interest in futures markets remained steady, […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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