Key Points Some bullish catalysts underneath the surface are failing to push Ethereum prices higher. Broader macro concerns tied to weak jobs numbers and a weakening economy have some investors steering clear of the crypto sector. Near-term price swings have led to liquidation activity surging, forcing more volatile moves in Ethereum and other tokens today. 10 stocks we like better than Ethereum › Broad market weakness is once again bleeding into valuations in the cryptocurrency sector. The worl ...

Core Insights - The current state of Ethereum is analyzed, indicating that the worst of the correction may be behind, suggesting potential recovery in the market [1] Group 1: Market Analysis - The derivatives market perspective is emphasized as a key factor in understanding Ethereum's current situation [1]

Core Insights - Ethereum's price is approaching the $3,030 level, with a projected monthly loss of 21.4% due to significant whale sell-offs and external pressures from the US government shutdown and political climate [1] ETF Performance - US-listed Ethereum ETFs experienced $1.284 billion in outflows from November 11 to November 20, despite returning to net inflows in the final week, which totaled $368 million. However, this was not enough to offset the monthly deficit of $1.4 billion in withdrawals [2] Whale Activity - Bitmine, the largest Ethereum treasury holder, added 14,618 ETH worth approximately $185 million in the last week of November, indicating a long-term commitment from US corporate investors [3] Derivatives Market Sentiment - The derivatives market shows a bullish trend as whales deployed $700 million in long positions at the $2,960 support level, although this did not reverse Ethereum's 21% monthly loss [4] - Data from Coinglass indicates that bulls regained control with 3.97 million active long ETH contracts, significantly outweighing $1.9 billion in total shorts [5] Price Support and Outlook - Ethereum maintained the $3,000 support area despite pressure from Bitcoin's price movements, with whales actively defending this zone, which may serve as a psychological anchor for December's price outlook [6] - The derivatives sentiment is bullish entering December, but there is a tactical ceiling near the $3,100 level due to over $1.3 billion in active short positions. A breakout above this level could lead to a short squeeze, potentially driving ETH towards $3,500 [7]

It’s the inevitable gut reaction that we all have. If you see massive debit-based puts in the options flow screener like we just did for financial giant Citigroup (C), acute feelings of pessimism rise to the forefront. However, the derivatives market can be tricky because you’re never really sure about underlying intentions. In this case, the unusual options activity very well might be bullish for C stock in a roundabout way. On Monday, Citigroup’s options flow readout — which focuses on big block transac ...

CME Gaps and Crypto Market Dynamics - Weekend crypto pumps often create CME gaps, with a 65-90% chance of prices falling to fill them [1][13][19][33] - Derivatives markets, estimated to be 4-5 times larger than spot markets, significantly influence crypto prices [4] - CME gaps occur when crypto prices move significantly above or below the last CME futures contract price while the CME is closed [12][14][15] - Bitcoin leads the market, so Bitcoin CME gaps have the most significant impact [13][33] - Bitcoin CME gaps typically fill within 2 weeks, with 80% filling within 30 days [17][36] Institutional Trading and CME Gaps - Institutional investors use basis trades (buying spot Bitcoin ETFs and shorting Bitcoin on the CME) to profit from price discrepancies [21][22] - CME gaps are filled due to institutional trading strategies that realign spot prices with futures prices [23][24] - CME gaps highlight that crypto spot markets may not be as liquid as advertised [26][27] CME's Response and Future Outlook - The CME will introduce 24/7 futures trading in early 2026 to reduce volatility caused by CME gaps [29][30][32] - CME gaps increase volatility in the crypto market, which is undesirable for both traders/investors and institutions [31][32] - Trading CME gaps can be a profitable strategy with proper position sizing, low leverage, and patience [34][42]