Global Sell-Off Hits Metals And Crypto As Binance Open Interest Returns To Pr...
The crypto market has come under heavy selling pressure amid a sharp deterioration in global risk sentiment. According to a CryptoQuant report, the latest downturn unfolded alongside a broader cross-asset sell-off, where traditional safe havens and risk assets were both hit. Gold posted a sudden correction of roughly 8%, while silver dropped close to 12%. […]
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Bitcoin futures open interest on Monday has crossed $23 billion according to data recorded on April 5. The crypto asset exchange Binance has taken the lead as far as open interest in bitcoin futures is concerned with a massive $10.5 billion in open interest. Binance Captures the Bitcoin Futures Lead Not too long ago, Bitcoin.com’s newsdesk reported on CME Group capturing the lead as far as open interest in bitcoin futures. Today, that’s no longer the case, as Binance has jumped ahead of the pack as far as delivering futures derivatives products for BTC. Skew.com analytics....
Open interest and liquidity across Binance crypto and Bitcoin derivatives markets have vastly improved, suggesting investors’ confidence in the sector. As such, 2020/2021 for Binance has been a breakthrough for derivatives markets. Such hiccups have Led to the current meteoric rise of Binance Futures. Binance Faces Regulation Defaults While Binance luxuriates on this achievement, it […]
Market analysis suggests that for Bitcoin to start knocking on the door of a sub $30,000 Bitcoin, sellers would “need to panic out to a large degree.” Order books, essentially the list of orders that a trading outlet implements to show the interest of buyers and sellers, show considerable buyer interest in the $30,000 region on large exchanges Coinbase and Binance.There is 5,000 Bitcoin sat ready to purchase down to a $30,000 price, and another 7,000 BTC down to a $28,000 price on Binance. The sell-off may not be over, but Bitcoin (BTC) buyers can take solace in the knowledge that order....
Data shows the XRP Open Interest on cryptocurrency exchange Binance has seen a significant drop recently, a sign traders are repositioning. XRP Binance Open Interest Has Dropped To $1.1 Billion As pointed out by an analyst in a CryptoQuant Quicktake post, XRP traders on Binance have closed off futures market positions recently. The indicator of […]
Open interest in Bitcoin futures is soaring but volumes are falling. Open interest in Bitcoin futures has surged to new record highs ahead of Coinbase’s April 14 direct listing on the Nasdaq.Crypto market data aggregator Glassode states that Bitcoin open interest has exceeded $27 billion for the first time as Bitcoin pushed into new record highs above $63,000. The milestone suggests traders may be speculating on higher prices, although some may also be hedging against incoming volatility.#Bitcoin Futures Open Interest across major exchanges reaches record highs of more than $27B as $BTC....