Market Analysis

Bitcoin / Ethereum Analysis – Trading Data Reveals Stable to Positiive Future Short-Term Outlook

Analysis of trades on blockchain-based derivatives trading platform CloseCross reveals that general distribution of the predictions and the money committed to predictions for the price of Ethereum and Bitcoin show that almost all traders are eyeing ETH to either remain stable or increase in value. There was hardly any interest in the downward price. This could be interpreted as showing that the trading community does not seem to be worried of any downward price pressures and the bears are still not at play.

CloseCross, which is regulated under MIFID II rules, enables traders to generate profits through a simplified three clicks process of selecting an asset, predicting price-bracket(s) and committing funds to these predictions, for a variety of asset classes including crypto, stocks, indexes, commodities, forex pairings, etc.

As of mid-June, overall, around 4 out of 5 of Ethereum and Bitcoin trades on the CloseCross platform this month are for the cryptocurrency to increase in value from its price on 1st June, or for it to end the month with more or less no change.  Only about 20% are predicting a fall in value.  

CloseCross adds that there is a higher interest in contracts for Ethereum then for Bitcoin and while this isn’t conclusively saying anything yet, it could be interpreted as Ethereum being currently favoured by the trading community.

CloseCross CEO, Vaibhav Kadikar, said: “Traders are predicting price stability for Ethereum and Bitcoin for both mid-month and end of month contracts.  This indicates that the trading community does not seem to be worried of any downward price pressures and the bears are still not at play.”

 “There is no product on the market today, besides ours of course, that allows a trader to make profits without the asset price actually having to move significantly away from its current levels. Most derivative contracts only let traders make profits by making them commit to trades that are far “out of money”. We don’t do that. You can make a trade at CloseCross and say that the price will be the same as today and still make money if you’re right.”

CloseCross is regulated under MIFID II rules offering increased protection and transparency for customers. Unlike other trading platforms, there are no participation fees for using CloseCross, and its patented multiparty model ensures that leverage is not needed to achieve potentially outsized returns. Money placed on incorrect predictions is lost, but you never lose more than what you put in as there is no leverage needed or possible on the platform. Users pay facilitation fees, only on their winning trades, giving them significant savings when compared to traditional trading platforms.   

The platform also provides real-time data on the predictions of other traders enabling investors to make a more informed forecast based on increased transparency. People can choose to follow the crowd or go on their own views.

Investors can try a demo and subject to appropriateness assessment process, investors can sign-up at, and trade by selecting an asset class and making a forecast over a time frame of a few hours or over months.

About CloseCross

Founded in 2017, CloseCross is the global backbone for blockchain based decentralized multi-party trading. A unique online platform opening and expanding the massive global derivatives market to the public as a way of predicting market movements, CloseCross provides easy access to a peer-to-peer derivatives trading platform. Close Cross Limited has offices in London and a subsidiary in Malta – Close Cross (Malta) Ltd. For more information go to  

Delivering a unique experience with the latest and most innovative way to trade on the financial markets, CloseCross only charges commission on profitable trades. Close Cross (Malta) Limited is MIFID licensed in terms of the Investment Services Act (Cap 370) as a Category 2 in Malta and is regulated by the Malta Financial Services Authority (Licence number: IS92480). The platform will operate under the MFSA FinTech Regulatory Sandbox for a period of 12 months starting from February 2021. Multiparty derivatives are complex instruments and come with a high risk of losing money. You should consider whether you understand how the platform products work and whether you can afford to take the high risk of losing your money. Quotes, Graphs and Information presented have been included for information purposes only and shall not be construed as investment advice. For more information on associated risks please go to   


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