Binance Trading

[Binance OTC Weekly]

BTC rebounded strongly from $56.5k following the FOMC meeting, but was unable to extend its gain above $65,000. The downward channel is now acting as support, and BTC may retest the $60k strong demand zone and even the $58k support level as bearish sentiment dominates the market.

Following the last two halvings in 2016 and 2020, BTC has traded sideways for 2 to 3 months. In the options market, our desk notices a larger IV difference between BTC and ETH options, which could indicate the start of the altcoin season.

For more information, please see our OTC Weekly Trading Insights.
https://www.binance.com/en/square/post/7813444448265

Do get in touch with the trading team here for any RFQs, have a great week ahead!

Binance Square

OTC Weekly Trading Insights (05/08/2024) 

Render's ($RNDR) price has risen 44.1% in the last seven days, owing to excitement about a new launchpad called the Long Dragon on its ecosystem. The Long Dragon launchpad will thoroughly vet projects

www.tgoop.com/BinanceOTC/806

1.9K viewsMay 8 at 07:07

[Binance OTC Weekly]

BTC rebounded strongly from $56.5k following the FOMC meeting, but was unable to extend its gain above $65,000. The downward channel is now acting as support, and BTC may retest the $60k strong demand zone and even the $58k support level as bearish sentiment dominates the market.

Following the last two halvings in 2016 and 2020, BTC has traded sideways for 2 to 3 months. In the options market, our desk notices a larger IV difference between BTC and ETH options, which could indicate the start of the altcoin season.

For more information, please see our OTC Weekly Trading Insights.
https://www.binance.com/en/square/post/7813444448265

Do get in touch with the trading team here for any RFQs, have a great week ahead!

BY Binance Trading