3 hours ago

Whales Double Down on $AVA Following Binance Perpetual Contracts Announcement

Whales are actively accumulating $AVA following Binance’s announcement of the launch of $AVA perpetual contracts. This news has triggered significant buying activity, with major investors seizing the opportunity to expand their positions. Notably, whale kMqzy7…J34q purchased 1.49 million $AVA tokens worth approximately $350,000 shortly after Binance revealed the perpetual contracts. Similarly, BDuaQn…Y2kH, an address with $2.5 million in assets, added 1.33 million $AVA ($318,000) to its portfolio. This brings their total purchases for the day to an impressive 2.95 million $AVA, valued at $758,000. Whales continue to buy $AVA after #Binance announced the launch of $AVA perpetual contracts! kMqzy7…J34q bought 1.49M $AVA ($350K) after #Binance `s announcement. BDuaQn…Y2kH with $2.5M assets bought an additional 1.33M $AVA ($318K) after #Binance `s announcement and has bought… pic.twitter.com/zh1ZWcRyDX — Lookonchain (@lookonchain) January 17, 2025 Broader Market Impact The excitement surrounding Binance’s perpetual contracts launch has also drawn attention from other major players. A whale previously active in $ai16z made a significant move, acquiring $24,490 worth of $AVA, further cementing market confidence. A $ai16z whale just bought $24.49K of $AVA at $199.80M MC — Whale Watch (@whalewatchalert) January 18, 2025 These developments signal growing interest in $AVA among high-net-worth investors, indicating bullish sentiment for the token’s future performance. $AVA’s Market Potential Binance’s announcement has catalyzed renewed momentum for $AVA, attracting whales and increasing market activity. The introduction of perpetual contracts could enhance trading volume and liquidity, further strengthening the token’s market position. Conclusion The recent whale activity underscores growing confidence in $AVA, particularly following Binance’s strategic move. As institutional and large-scale investors continue to pour funds into the token, $AVA appears poised for potential upward movement. Traders and investors may want to monitor its trajectory closely, as increased demand and market momentum could lead to significant opportunities. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: remakeme/ 123RF // Image Effects by Colorcinch

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Bitcoin Volatility Climbs to 6-Month High as Options Frenzy Picks Up

Bitcoin ( BTC ), the largest cryptocurrency by market capitalization, hit a record-high above $109,000 on Monday, sending both implied volatility and realized volatility to the highest levels since August`s yen carry trade unwind. Realized volatility is the historical price fluctuations of bitcoin over the past 30 days. It hit 67 on the Bitcoin Volatility Index (BVOL) on Deribit. The Bitcoin Volmex Implied Volatility index (BVIV) hit a high of 71. Implied volatility is the market`s expectation for future price fluctuations derived from options pricing. Both indexes are up around 2% on the day. "The positive correlation between bitcoin`s price and implied volatility remains intact. It’s a sign traders are chasing options, particularly calls, as risk reversals show calls are trading at a premium relative to puts that offer downside protection," said Omkar Godbole, a markets analyst and managing editor of markets at CoinDesk In addition, short-duration calls are priced higher than longer-duration ones, a rare occurrence that indicates strong short-term bullish sentiment, according to Andre Dragosch , the European head of research at Bitwise. Open interest in options has increased by 44,000 BTC, reflecting heightened speculative activity, Dragosch noted. Traders are expecting a rapid price gain following President-elect Donald Trump`s potential announcement of a strategic bitcoin reserve. Trump`s "influential use of social media, which has historically moved markets, is adding to the uncertainty surrounding the next few days," suggests Mitch Galer, a trader at GCR. "Speculation about a strategic crypto reserve and potential deregulation, crypto markets are optimistic about further gains this year". NullTx