Why reduced Bitcoin futures volume may signal the start of a new bull trend
Volume and open interest in Bitcoin futures have been in a steady decline, but this could help catalyze the next rally. Bitcoin (BTC) futures volume and open interest are declining rapidly. Data shows that since the September peak, BTC futures volume has dropped by 60% from over $25 billion to around $10 billion.Bitcoin futures volume by exchange (September). Source: Digital Assets DataWhile the decline in trading activity could ostensibly seem like a negative metric, it could also indicate that a bull cycle is emerging. Why declining futures market activity could boost Bitcoin priceThe....
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Data shows the Bitcoin futures-to-spot trading volume ratio has decreased by 63% since the peak of the last bull market. Here’s what it means. Bitcoin Futures Market Occupying Lower Volume Share This Rally As explained by CryptoQuant founder and CEO Ki Young Ju in a new post on X, the BTC market has appeared to […]
The on-chain analytics firm Santiment has explained how this could be the signal that leads into the next bull run for Bitcoin. Bitcoin Miner Supply May Hold Key To Start Of Next Bull Rally In a new post on X, the analytics firm Santiment has discussed the trend in the “Supply held by Miners” metric. […]
Bitcoin managed to touch the 5th arc pair of resistance on the 2-hour chart setup. This generated a sell signal. Since then it managed to re-test the arc and was rejected. The long-term trend is still up. But the short-term trend is likely going to be down. Looking at this bull setup, a reasonable target is the 1×2 Gann angle at ~ 940. Let’s look at a bear setup from the swing high of $1050 (Kraken): I have overlaid the bear setup on top of the bull setup and have labelled the intersection of the 5th arc pair of each setup. There are arrows at each point that stand out as likely targets in....
Over the past year, the trading volume of futures had surged. Thanks to the crypto bull of 2021, a wide range of decentralized projects have flourished, which has catalyzed the growth of the futures market. As the crypto bull advanced, the futures market remained popular throughout 2021. Right now, it has even surpassed the spot market and become the mainstream investment choice among crypto users. Meanwhile, the trading volume of futures has reached new highs despite the switch to a bear market. Earning multiplied returns by trading futures is one of the primary ways to profit from a....
Apart from Spot Bitcoin ETFs, Ethereum Futures ETFs have been the talk of the crypto industry for months as investors look toward a catalyst for the next bull run. However, data has shown the highly anticipated ETFs have had underwhelming results in trading volume. Although the crypto market has witnessed some gains in the past few days, this hasn’t flowed into Ethereum Futures ETFs as investors seem hesitant to adopt these new Ethereum investment vehicles. How Have Ethereum Futures ETFs Fared So Far? Ethereum futures ETFs provide indirect exposure to the price of ETH through....