Coindesk

This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Bitcoin: Correction risks mountBitcoin (BTC) continues to trade directionless near $120,000 amid data from the Deribit-listed options showing a significant positive dealer gamma at the $120,000 and $120,500 strikes. When dealers have a positive gamma exposure, they buy low and sell high to rebalance their net exposure to neutral, inadvertently arresting volatility.The crucial support area between $116,000 and $117,000, validated by both price charts and on-chain activity, if breached, would likely pave the way for a retest of the May high just below $112,000. Conversely, a convincing move above $120,000 will likely bring record highs.That said, the case for an extended...

Clearmatics, one of the first startups to explore how financial instruments can live on blockchains, is unveiling an entirely new class of decentralized futures products, which it is calling forecast markets.These fully on-chain instruments take the form of dated futures contracts that can track any public time series data, whether it's crypto indexes, inflation or temperatures, giving the appearance of something more akin to prediction markets such as Polymarket than traditional derivatives.Forecast markets will be supported on the soon-to-launch layer-1 blockchain Autonity and newly developed Autonomous Futures Protocol (AFP). The debut of the new Ethereum-compatible chain and the futures protocol will coincide with a "Forecastathon" next month, a way to invite quants, engineers and DeFi enthusiasts to participate in creating...

Metaplanet (3350) said it bought 780 more bitcoin (BTC), bringing its total holdings to 17,132 BTC valued about $2 billion at current prices.The Tokyo-based company paid an average 17.5 million yen ($118,176) per coin, according to a Monday disclosure.Metaplanet uses a metric, called BTC Yield, to track shareholder value in relation to dilution. The BTC Yield for July 1-July 28 is 22.5%, Metaplanet said.For the quarter-ended June 30, BTC Yield was 129.4%, up from 95.6% in the preceding three months. Since adopting a bitcoin treasury strategy based on that of Strategy's (MSTR), Metaplanet has acquired 17,132 BTC, the largest holding among public companies outside the U.S, at an average price of $99,732 per coin.Metaplanet shares rose 5% to close...

As bitcoin (BTC) holds near its record highs, traders looking to join the uptrend may be facing a dilemma: should they enter now, or wait for a more favorable pullback?According to Markus Thielen, founder of 10x Research, a pullback to the former resistance-turned-support level of the May high, under $112,000, would be the best entry point."We would prefer to see bitcoin retest its $111,673 breakout level to provide a more favorable risk/reward entry point," Thielen said in a note to clients Monday.The risk-reward ratio compares the potential loss of an investment to its potential profit, helping traders determine whether the potential gains justify the associated risks. Traders typically target a risk-reward ratio of at least 1:2, necessitating bullish entries close to...

What to KnowDOGE traded within a narrow $0.010 range between $0.234 and $0.244 during the 24-hour session from July 27 at 03:00 to July 28 at 02:00, marking a 4.12% intraday spread. The token opened at $0.238 and closed marginally higher at $0.239 after testing both support and resistance zones multiple times throughout the day.Key volume surges at 08:00, 15:00, and 16:00 indicated persistent buying pressure, but sellers defended the $0.241–$0.244 resistance band. DOGE remains in consolidation with momentum building beneath the upper boundary.News Background• DOGE traded in a $0.010 range with notable reversals at $0.235 and rejections near $0.244• Volume surged well above the 24-hour average of 291.8M, peaking at 718.4M during the 16:00 breakout attempt• Final-hour selloff from...