Bitcoin Breaks $99,000, But Analyst Warns Rally ‘Leverage Driven’
Bitcoin has seen a recovery above $99,000 recently, but the trend taking place in the Open Interest could raise concerns about the surge’s longevity. Bitcoin Open Interest Has Spiked Alongside The Latest Rally In a new post on X, CryptoQuant community analyst Maartunn talked about the trend in the Bitcoin Open Interest alongside the latest […]
Related News
Data shows a large amount of leverage has been piling up in the Ethereum futures market as the price of the crypto breaks above $2k. Ethereum Open Interest Surges To Highest Value In Last 4 Months As pointed out by an analyst in a CryptoQuant post, the ETH futures market has seen the leverage sharply going up recently. The “open interest” is an indicator that measures the total number of Ethereum futures contracts currently open in all derivatives exchanges. When the value of this metric rises up, it means investors are opening up more positions on the market right now. Since....
Crypto pundit Crypto Michael, who correctly called the Bitcoin price surge from $15,400 to $100,000, has revealed what is next for the flagship crypto. Based on his revelation, Bitcoin still has enough room in this market cycle before its price peaks. What Next For The Bitcoin Price In an X post, Crypto Michael stated that when the Bitcoin price breaks $108,000, it will ignite a parabolic rally of immense proportions. The analyst seemed confident in this happening as he revealed how he had literally called every Bitcoin move since the $15,000 bottom to perfection. He also noted that his....
Bitcoin price is now over $13,550 and only a few hundred dollars away from setting a higher high and confirming a bull market. But also right around the corner, according to one top crypto analyst, is a “hell candle” in Bitcoin that will crush the cryptocurrency’s recent rally and potentially cause a reversal. Beware Of […]
Bitcoin bulls should brace for an impact from traders holding larger quantities of the cryptocurrency tokens, warns Robbie Liu.
There is a 75 percent possibility that Bitcoin breaks bullish out of its ongoing consolidation pattern. According to independent analyst Vince Prince, the benchmark cryptocurrency is making “marginal” upside movements in an Ascending Channel structure. That has left it with two possible outcomes. First, Bitcoin consolidates inside the Channel while breaking below the “Ascending Trendline”; Second, it stays above the Trendline and later breaks out of the range altogether. Mr. Prince favored the second outcome. […]