Kraken Launches CFTC-Regulated Crypto Perpetual Futures in the U.S.
- Product Innovation: Kraken has launched CFTC-regulated perpetual futures in the U.S., providing eligible clients access to one of the most active derivatives in the crypto market, covering major digital assets like BTC, ETH, and SOL, thereby enhancing its position in the competitive crypto trading landscape.
- Optimized Trading Structure: The new contracts are available through the Kraken Pro platform and utilize an eight-hour funding cycle, aligning with the structures of major global crypto derivatives markets, allowing traders to flexibly take long or short positions without expiration, thus enhancing market liquidity.
- Increased Market Competition: This launch moves a product category historically dominated by offshore exchanges into a U.S. regulatory framework, boosting Kraken's competitiveness in the domestic market while applying pressure on other platforms like Coinbase to accelerate similar product offerings to capture market share.
- Enhanced Risk Management: Kraken's perpetual futures adhere to U.S. futures market rules, including exchange oversight and customer eligibility checks, providing a safer trading environment for U.S. clients despite the inherent high risks of perpetual contracts, thus reducing reliance on offshore markets.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 51743.139 | 55621.569 | 59535.289 | 63413.719 | 67327.439 | 71205.869 | 75119.589 |
| Fibonacci | 55621.569 | 58598.171 | 60437.118 | 63413.719 | 66390.321 | 68229.268 | 71205.869 |
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