Omkar Godbole

Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.

Omkar Godbole

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Bitcoin Futures Positions at 2-Month High as Traders Go Short

A combination of falling price and rising open interest is said to signal bearish conviction on the part of bitcoin futures traders.

Bitcoin futures traders might be betting on further price declines. Volatility could lie ahead.

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Bitcoin Retakes $31K as Traditional Markets See Risk Reset, BNY Mellon Makes Crypto Push

"Bitcoin is still just chopping around," one analyst said.

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Ether Falls Toward $1.7K as Bitcoin's Price Drop Weighs on Broader Market

One analyst said markets priced in Ethereum's impending EIP upgrade earlier this year.

Bear

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Bitcoin Drops as Investors Buy $22K and $20K Puts

Despite the pickup in demand for $22K puts, the options market remains biased bullish for the long term.

Bitcoin options traders have recently bet on the cryptocurrency ending 2021 at well below the current price.

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Bitcoin Network Sees Fourth Straight Downward Difficulty Adjustment

"The last four adjustments have been downward, and it now looks like the blockchain is back to normal," one analyst said.

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FOX Token Rally: Yield Play or ShapeShift DAO Craving?

Crypto analysts are looking at the FOX token's price gain and asking whether it's the latest promotion or the start of a new trend.

The FOX token is suddenly in demand from traders. The question is why.

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XRP Eyes 'Death Cross,' Has Support at $0.51

Previous "death crosses" have marked major or interim price bottoms.

XRP

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Why Bitcoin Needs to Defend $30K

An analysis of trades in the bitcoin options market reveals a crucial price threshold where selling might accelerate.

Bitcoin call options open interest looks highest at  around $40,000, while put options open interest is high at $30,000.

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Google Searches for 'Bitcoin Price' Reach 7-Month Low

From a contrarian standpoint, low levels of crowd chatter on the Internet may be a sign that bitcoin market sentiment can't get much worse.

Fewer people are searching Google for the bitcoin price.

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Bitcoin Under Pressure, Faces Support at $30K

Contracting Bollinger bands suggest a big move is overdue.

Bear