XRP Caught In Volatility Storm, Open Interest Slashed By 70% – Here’s What Th...
The XRP downside pressure has intensified, and is now moving beyond its price dynamics into on-chain activity. Following a prolonged period of downward performance, key areas such as Open Interest have heavily turned bearish, experiencing a steady drop over the past few days. Market Turbulence Triggers XRP Open Interest Meltdown With the price of XRP […]
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Data shows the Bitcoin futures market is starting to overheat again, which could lead to higher asset price volatility. Bitcoin Open Interest Has Been Climbing Recently As an analyst in a CryptoQuant Quicktake post explained, the open interest has seen some rise during the past month. The “open interest” is an indicator measuring the total […]
Data shows the Bitcoin Open Interest has seen a surge to a new all-time high (ATH) recently, a sign that volatility could be brewing for BTC. Bitcoin Open Interest Has Been Going Up Recently As pointed out by CryptoQuant founder and CEO Ki Young Ju in a new post on X, the Bitcoin Open Interest […]
Dogecoin has hit a new milestone after rallying more than 20% last week. The meme coin saw its open interest balloon over the weekend as investors poured in to take advantage of the price increase. This pushed its open interest quickly, and now, it has reached a new all-time high for the second time this […]
Following the crash to $35k, the Bitcoin open interest has declined to September 2021 levels. This may suggest that the market volatility will be lesser in the near future. Bitcoin Open Interest Drops To Similar Levels As In September 2021 As pointed out by an analyst in a CryptoQuant post, the BTC open interest has decreased to similar levels as last September following the crash. The “open interest” is an indicator that measures the total amount of Bitcoin futures contracts currently open in the derivatives market. The metric accounts for both long and short positions. When....
Data shows Bitcoin open interest has remained high despite the dramatic sell-off that occurred a few days back due to fud from the new COVID variant. Bitcoin Open Interest Remains High Following The Sell-Off As per the latest weekly report from Arcane Research, the BTC open interest hasn’t fallen much in the past few days. This is despite the recent sell-off triggered by fresh fud from the new Omicron COVID variant. The “open interest” is an indicator that measures the amount of Bitcoin derivative contracts open at the end of a trading day. High values of the metric can....