Return of Bitcoin leverage signals impending market volatility

2023-6-21 12:52

Quick Take Over the past 24 hours, Bitcoin witnessed a remarkable surge, breaking the $28,000 mark, while its dominance in the market capitalization rose above the 50% threshold. There was a revival of spot buying, resulting in over $150 million worth of Bitcoin being withdrawn from exchanges, as shown below. According to Coinglass, open interest also saw a significant rise. ‘Open interest’ refers to contracts traded but not yet liquidated by an offsetting trade or an associated exercise or assignment.  It provides an indication of the liquidity and activity in a particular market. The total Bitcoin in open interest contracts has reached a substantial 475,000 units, a peak not witnessed since March. Open interest now comprises over 2.2% of the Bitcoin market capitalization, nearing the year-to-date high. This suggests an increase in futures contracts, potentially implying greater volatility and trading volume. NetFlow: (Source: Glassnode) OI/MC: (Source: Glassnode)

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bitcoin market revival buying spot threshold above

Источник: cryptoslate.com

bitcoin market → Результатов: 126


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Bitcoin’s tight correlation with US equities highlights market anticipation of CPI data release

Quick Take Bitcoin remains the primary indicator of global liquidity, with its price movements often preceding those of other risk-on assets. This dynamic was evident in the recent market cycle, as Bitcoin hit an all-time high on March 13, coinciding with the biggest ETF inflow since launch on March 12, over $1 billion, and the […] The post Bitcoin’s tight correlation with US equities highlights market anticipation of CPI data release appeared first on CryptoSlate.

2024-5-15 17:25


Bitcoin’s 2024 cohort sees over 10% profit, indicating a strong market support level

Quick Take Analyzing average prices at which Bitcoin was withdrawn from major digital asset exchanges using Glassnode data offers valuable insights into the market’s cost basis. According to Glassnode data, the analysis indicates that Coinbase and Binance exhibited parallel movement from the start of 2021 to the conclusion of 2023, maintaining average withdrawal prices around […] The post Bitcoin’s 2024 cohort sees over 10% profit, indicating a strong market support level appeared first on CryptoSlate.

2024-4-30 11:32


Upward trends predicted for Polkadot & this Shiba Inu killer as $2T market cap boosts Bitcoin toward $69K target

Bitcoin, the pioneer of cryptocurrencies, continues its impressive rally as it edges closer to the $69,000 mark, driven by a surge in market capitalization that surpasses $2 trillion. This monumental achievement reflects the growing confidence and adoption of digital assets, propelling Bitcoin to new all-time highs.

2024-2-21 23:01


Crypto Carnage Continues as Bitcoin Plunges Under $40,000, But These Indicators Look Promising

Bitcoin briefly traded below $40,000 on Monday for the first time since early December, extending a selloff that has shaved 35% off the cryptocurrency’s value so far this year. According to market intelligence firm Santiment, discussion around Bitcoin and Ethereum has dropped 35% and 21% respectively compared to last week’s ETF approval frenzy.

2024-1-23 01:15


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