Altcoin 24H Futures Volume Surpasses BTC and ETH: Warning Sign Or Market Shift?
The altcoin market is navigating a period of volatility and uncertainty, with traders closely watching Bitcoin and Ethereum as they attempt to reclaim key levels. For many investors, the long-awaited altseason—a period where alternative cryptocurrencies outperform BTC—remains more of a hopeful narrative than a present reality. With BTC and ETH dominating market sentiment, smaller assets […]
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Data shows the Ethereum perpetual futures volume dominance has set a new all-time high relative to Bitcoin, a sign of elevated speculative interest in altcoins. Ethereum Perpetual Futures Volume Dominance Has Hit 67% According to data from on-chain analytics firm Glassnode, the Ethereum perpetual futures volume has shot up recently. Below is the chart cited by Glassnode, showing the trend in the perpetual futures volume dominance breakdown between Ethereum and Bitcoin. As displayed in the above graph, Ethereum overtook Bitcoin in perpetual futures volume a while ago, indicating that....
XRP Open interest on the CME Group has reached a new all-time high (ATH), presenting a bullish outlook for the altcoin. This further underscores the massive demand for XRP exposure among institutional investors, which could serve as a catalyst for higher prices. CME XRP Futures Open Interest Hit News ATH In an X post, the CME Group revealed that the XRP futures have hit an all-time high in open interest with over 6,000 contracts on August 18, just before their three-month anniversary. The derivatives platform further remarked that this development is a clear sign of growing conviction in....
Data shows that the dollar lending rate and futures volumes of select altcoins can be tracked to pinpoint overheated markets before a crash. Every once in a while, a new indicator pops out that can be used to detect price tops and bottoms in the market. This assertion is even more evident in cryptocurrencies because the data comes from exchanges and on-chain data extracted from the blockchain.These indicators are constantly monitored and commented on by analysts and traders. Some of the lesser-known metrics use data from altcoin derivatives volumes and the Bitfinex U.S. dollar lending....
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Bitcoin futures curve was in backwardation for most of 2018, a year when BTC lost 74% of its value, JPMorgan noted. JPMorgan’s cryptocurrency market analysts have pointed to the difference between Bitcoin’s (BTC) spot prices and BTC futures prices as a potential bearish sign for the market.In a Thursday note to clients, JPMorgan analysts led by global market strategist Nikolaos Panigirtzoglou wrote that the Bitcoin market has returned to backwardation — a situation when the spot price is above futures prices. The analysts said that the past month's correction in crypto markets saw Bitcoin....