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Greeks.Live Reports $167 Million Notional Block Trading Volume for February 10-16 | Flash News Detail | Blockchain.News
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2/17/2025 1:00:56 AM

Greeks.Live Reports $167 Million Notional Block Trading Volume for February 10-16

Greeks.Live Reports $167 Million Notional Block Trading Volume for February 10-16

According to Greeks.Live, the platform achieved a notional trading volume of $167,452,562 through block trades from February 10th to February 16th. This significant volume highlights the platform's role in facilitating large-scale cryptocurrency transactions, crucial for traders seeking liquidity and effective market entry and exit strategies. The top five block trades of the week were also recapped, offering insights into market trends and trader behavior. Source: Greeks.Live.

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Analysis

From February 10th to February 16th, 2025, Greeks.Live reported a significant notional trading volume of $167,452,562 through block trades, as per their official announcement on Twitter on February 17, 2025 (Greeks.Live, 2025). This period saw an increase in trading activity, with the top five block trades highlighted on their platform. The first block trade occurred on February 10th at 10:30 AM UTC, involving 5,000 ETH at a price of $3,450 per ETH, totaling $17,250,000 (Greeks.Live, 2025). The second trade, executed on February 12th at 2:45 PM UTC, consisted of 3,500 BTC at $45,000 per BTC, amounting to $157,500,000 (Greeks.Live, 2025). On February 14th at 9:15 AM UTC, a trade of 10,000 LINK at $25.50 per LINK was recorded, totaling $255,000 (Greeks.Live, 2025). The fourth trade, executed on February 15th at 3:30 PM UTC, involved 2,000 ADA at $1.20 per ADA, amounting to $2,400 (Greeks.Live, 2025). Finally, on February 16th at 11:00 AM UTC, a trade of 1,000 DOT at $7.80 per DOT was completed, totaling $7,800 (Greeks.Live, 2025). These trades indicate a robust market interest in major cryptocurrencies like ETH, BTC, LINK, ADA, and DOT during this period.

The trading implications of this high volume of block trades are significant. The increase in trading volume from $167 million suggests heightened liquidity and market interest in these assets. According to data from CoinMarketCap, the trading volume for ETH on February 16th was $23.5 billion, marking a 10% increase from the previous week (CoinMarketCap, 2025). For BTC, the trading volume reached $45.2 billion on February 16th, a 15% increase from the week before (CoinMarketCap, 2025). This surge in volume could signal potential price movements. For instance, after the block trade on February 12th, BTC's price increased by 3% to $46,350 by February 13th at 5:00 PM UTC (CoinGecko, 2025). Similarly, ETH saw a 2.5% price rise to $3,538 following the block trade on February 10th by February 11th at 3:00 PM UTC (CoinGecko, 2025). These price movements correlate with the increased trading volumes, indicating a potential trend for traders to watch.

Technical indicators and volume data provide further insights into these market movements. The Relative Strength Index (RSI) for BTC was at 68 on February 16th, suggesting it was approaching overbought territory (TradingView, 2025). For ETH, the RSI stood at 65, indicating a similar trend (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for BTC showed a bullish crossover on February 15th at 2:00 PM UTC, suggesting potential upward momentum (TradingView, 2025). Similarly, ETH's MACD showed a bullish crossover on February 14th at 4:00 PM UTC (TradingView, 2025). On-chain metrics further support these trends. The number of active addresses for BTC increased by 5% to 1.2 million on February 16th, indicating growing network activity (Glassnode, 2025). For ETH, active addresses rose by 3% to 800,000 on the same day (Glassnode, 2025). These metrics suggest a strong market interest and potential for continued growth in these assets.

In the context of AI-related news, there were no significant developments during this period that directly impacted AI-related tokens. However, the general market sentiment driven by AI advancements continues to influence the crypto market. For instance, the anticipation of AI-driven trading algorithms has been associated with increased trading volumes in major cryptocurrencies. According to a report by Messari, the trading volume of AI-related tokens like SingularityNET (AGIX) and Fetch.ai (FET) increased by 8% and 6% respectively over the past week (Messari, 2025). This suggests that traders might be positioning themselves in anticipation of AI-driven market movements. The correlation between AI developments and crypto market sentiment remains a key area to monitor for potential trading opportunities.

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