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10:00
The Ethereum derivatives market sees a rare net buying, the first since the bear market in 2023.
BlockBeats news, on April 4, according to Cryptoquant analyst Darkfost, the current Ethereum derivatives market is experiencing a major structural shift, which is the first since the bear market of 2023. Darkfost pointed out that although ETH's net trading volume had mostly been negative since 2023, it has now turned positive. (Note: Net trading volume is an indicator used to assess whether buying or selling pressure dominates in derivatives order books.) At present, this indicator shows that buying pressure dominates, with purchases reaching $104 million. It is noteworthy that even when the Ethereum price was approaching new highs previously, this indicator showed that selling pressure remained very strong, but now this situation seems to be changing. Darkfost believes that, as Ethereum faces strong buying pressure, this could help form a stronger bottom. If this dynamic continues and the spot market along with ETF starts to support this trend, Ethereum could potentially resume its upward trajectory.
09:59
Ethereum Derivatives Market Sees Rare Net Buying for First Time Since 2023 Bear Market
BlockBeats News, April 4th, according to Cryptoquant analyst Darkfost, a significant market structure shift has occurred in the current Ethereum derivatives market, the first time since the 2023 bear market. Darkfost pointed out that although most of the time since 2023 has been negative, ETH's net trading volume has now turned positive. (Note: Net trading volume is used to assess whether buying pressure or selling pressure dominates the derivative order book.) Currently, this indicator shows that buying pressure is dominant, with a buying volume of $104 million. It is worth noting that even during a previous period when the Ethereum price was close to a new high, this indicator showed that selling pressure was still very strong, but now this situation appears to be changing. Darkfost believes that due to the positive buying pressure Ethereum is facing, this may help form a stronger bottom. If this momentum continues, with the spot market and ETFs beginning to support this trend, Ethereum may be poised to resume its upward momentum.
09:45
Polymarket delists the "Missing U.S. Military Pilot" prediction market due to compliance review triggered by public controversy
Odaily reported that Polymarket has delisted a prediction market related to the fate of a missing US pilot, stating that the content violated the platform's "integrity standards", should not have been published, and is currently reviewing its internal approval process. The incident sparked widespread controversy, as bets had previously focused on "whether the pilot would be rescued", with more than 60% of users wagering that rescue would not occur in the short term. US Representative Seth Moulton has publicly criticized such trades as "offensive", questioning speculation on the fate of potential casualties. He stated, "US service members might be your neighbors, friends, or family, and yet people are betting on whether they will be rescued." Additionally, the Polymarket platform has not specified the particular rules violated, raising concerns about the transparency of its regulations. Meanwhile, prediction markets are also facing increasing worries over "insider trading", with reports indicating that some traders have made precise profit bets ahead of sensitive military developments. On the regulatory side, multiple US lawmakers have called for stricter limitations on using non-public information to participate in prediction market trading. (Cointelegraph)
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