Connect with us
DAPA Banner

Crypto World

OKX introduces social networking feature to connect crypto traders inside its app

Published

on

OKX introduces social networking feature to connect crypto traders inside its app

Crypto exchange OKX has launched a new social trading platform called Orbit, designed to connect traders through shared strategies, market insights, and community-driven discussions.

Summary

  • OKX launched Orbit, a social trading network where users can share trade ideas, market insights, and strategies.
  • The platform aims to combine social media-style interaction with crypto trading tools to help traders collaborate and learn from each other.
  • The launch follows broader momentum for the exchange, including a recent surge in the OKB token after an ICE-linked investment tied to the OKX ecosystem.

OKX launches in-app trader network

According to the exchange, Orbit functions as a social network built specifically for crypto traders, enabling users to share trade ideas, post analysis, and interact with other market participants in real time.

The platform aims to combine elements of social media with trading-focused tools to help users discover strategies and track market sentiment more efficiently.

Advertisement

Through Orbit, traders can publish posts, discuss market developments, and follow experienced traders to gain insights into different trading approaches. OKX said the platform is designed to help both retail and experienced traders collaborate, learn from each other, and stay informed about emerging trends in the digital asset market.

The launch reflects a broader shift across the crypto industry toward community-driven trading ecosystems, where investors increasingly rely on social signals, influencer commentary, and peer insights to guide trading decisions.

Orbit is part of OKX’s broader effort to expand its product ecosystem beyond traditional exchange services. In recent months, the company has been rolling out new features aimed at strengthening user engagement and building a more integrated crypto platform.

Advertisement

The expansion comes as OKX has also been gaining momentum in its native token ecosystem. The exchange’s OKB token surged yesterday after reports that Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, made a strategic investment tied to OKX’s ecosystem, highlighting growing institutional interest in the platform.

The move helped boost market sentiment around OKB and underscored OKX’s efforts to strengthen its position among the largest global crypto exchanges.

Source link

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Bitcoin Traders Bet On Sub-$66K BTC In April Due To Rising Fear

Published

on

Bitcoin Traders Bet On Sub-$66K BTC In April Due To Rising Fear

Key takeaways:

  • Bearish sentiment is rising as Bitcoin options professional traders lose confidence that the $66,000 level will hold for long.

  • The exit of David Sacks as the Crypto and AI czar and a lack of a clear US Strategic Bitcoin Reserve plan added to investors’ doubts.

Bitcoin (BTC) fell to $65,530 on Friday, an 8% decline from the $71,300 level seen on Thursday. This move wiped out over $210 million in leveraged bullish Bitcoin futures and left most call (buy) options worthless during the $18.6 billion monthly expiry. Traders now anticipate a 53% chance that Bitcoin will stay below $66,000 by April 24.

April 24 Bitcoin option prices at Deribit. Source: Deribit

On Friday, the April 24 Bitcoin $66,000 put (sell) options traded at 0.0566 BTC or roughly $3,730. With a 53% implied probability of Bitcoin trading below $66,000 by late April, the mood remains decidedly bearish following the increased uncertainty in the US and Israel-Iran war, pushing traders into a risk-averse mode.

US inflation threats and stalling crypto, Bitcoin legislation

Rising oil prices and a potential $200 billion in extra US military spending led investors to demand higher returns on government bonds and dragged the S&P 500 to its lowest levels since September 2025. West Texas Intermediate (WTI) oil surged to $100 on Friday, while 5-year Treasury yields reached 4.07%, up from 3.72% three weeks prior.

US 5-year Treasury yield (left) vs. S&P 500 (right). Source: TradingView

Inflationary fear and weaker corporate earnings perspectives alone cannot explain Bitcoin’s 20% underperformance against the S&P 500 in 2026. Other factors are likely at play, including investors’ discomfort over the lack of progress on the US Bitcoin Strategic Reserve.

David Sacks has stepped down from his role as the Trump administration’s crypto and AI czar. While Sacks remains an advisor on the President’s Council on Science & Technology, his departure follows earlier comments that inflated Bitcoin investors’ expectations. Sacks had previously hinted that the US could acquire more Bitcoin through budget-neutral methods without raising taxes.

Advertisement

Related: US lawmakers publish crypto tax proposal without Bitcoin tax exemption

Bitcoin 30-day options delta skew (put-call) at Deribit. Source: Laevitas

The Bitcoin options delta skew jumped to 15% on Friday, showing that put options are trading at a significant premium relative to call instruments. In balanced market conditions, this metric usually ranges between -6% and +6%. The current level indicates a lack of conviction among whales that the $66,000 level will hold. Fear has largely dominated the Bitcoin options market since mid-January.

Bitcoin options expiry favored neutral-to-bearish strategies

Friday’s monthly options expiry at $68,610 proved unfavorable for neutral-to-bullish strategies, as 97% of call options became void. Bears gained the upper hand as put options at $69,000 or higher surpassed $2 billion in open interest. Critically, part of Friday’s downward move reflects a growing unwillingness among traders to maintain Bitcoin exposure over the weekend.

Crypto markets cut risk on Friday due to uncertainty. Source: X/WhalePanda

X social platform user WhalePanda, suggested that the crash in risk markets anticipates President Trump making “another dumb escalating move” after US markets close. Consequently, the current fear seen in the options market could reverse if no major geopolitical events occur before Monday.

During bearish cycles, traders often rush for the exits at the mere sight of any event that could be deemed negative. Investors should not take Bitcoin’s implied odds at face value, as these metrics are heavily impacted by recent news and headlines. However, expectations could shift more favorably if Iran effectively releases a counter-offer to the US peace proposal.