Bitcoin recently experienced a significant drop in open interest, decreasing from $61.42 billion to $49.71 billion, indicating a shakeout of nearly $12 billion in derivatives. Crypto analyst DarkFost suggests this could lead to a natural reset in the Market, potentially setting the stage for a bullish trend. Historical trends show that similar deleveraging events have ...
Bitcoin experienced a significant drop in open interest, falling from $61.42 billion to $49.71 billion earlier this month, which some analysts view as a necessary Market reset for the cryptocurrency. CryptoQuant contributor DarkFost stated that such deleveraging events have historically provided opportunities for price recovery in the short to medium term. Following recent political uncertainties, ...
Recent analysis reveals that Bitcoin’s 50-week moving average (MA) is currently at $75,195, a critical level that has historically marked the boundary between bear and bull markets. Analyst James Van Straten pointed out that Bitcoin has dropped below the 200-day MA, a negative signal indicating potential bearish trends. While Bitcoin is still above the 50-week ...
Bitcoin Cash (BCH) has seen a price increase of over 7%, currently trading at around $342, after testing its key support level. Positive on-chain metrics, including a record-high transaction rate, indicate growing interest and activity on the BCH network. Additionally, open interest in BCH futures has surged, pointing to potential further buying momentum. The price ...
Short-term Bitcoin holders faced significant losses as prices dropped by nearly 5%, prompting a wave of selling. Over 21,000 BTC, worth around $2.2 billion, was sent to exchanges, indicating a potential sell-off by traders who bought during price highs earlier this year. This selling trend contributed to a steep drop in open futures bets on ...
Today marks a significant event in the cryptocurrency world, as Bitcoin options worth over $14 billion have expired, marking one of the largest expirations in history. This massive expiry, which represents 70% of Bitcoin’s total open interest, could lead to increased volatility in the Market. Currently, the put/call ratio indicates a bullish sentiment among traders, ...
