Bitcoin & Altcoin OI Forming Same Warning Setup As Dec 2024, Analyst Says
A cryptocurrency analyst has pointed out how the Open Interest for Bitcoin and the altcoins is forming a setup that previously led to a market downturn. Bitcoin & Altcoins Have Seen A Jump In Open Interest Recently In a new post on X, CryptoQuant community analyst Maartunn has discussed about the latest trend in the Open Interest for Bitcoin and the altcoins. This indicator measures the total amount of positions related to a given asset or group of assets that are currently open on all centralized derivatives exchanges. It takes into account both long and short positions. Related Reading:....
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Solana has gotten a bearish warning despite being one of the best performers over the last year. This prediction goes against the grain of current speculation where a rise to as high as $1,000 has been forecasted for the price. But it seems not everyone shares this sentiment as one crypto analyst has predicted that the auction’s price could suffer a massive 42% crash from here. Solana Price Turns Bearish In an analysis on the TradingView website, crypto analyst Alan Santana has warned that the Solana price is turning bearish. The analyst points to developing trends in the year 2024....
Crypto analyst Maartunn (@JA_Maartun) warned on September 14 that a familiar—and historically unfriendly—market pattern has reappeared: speculative leverage pouring into altcoins while Bitcoin’s derivatives positioning stays conspicuously muted. “History doesn’t repeat, but it often rhymes, and right now a major warning signal is flashing,” he said, stressing that his message is not to incite panic but to flag a shift in market climate that “any smart investor” should not ignore. At the core of Maartunn’s diagnosis is open interest, the notional value of active futures and perpetual....
Bitcoin has undergone an extreme rally over the past few days After bottoming in the $16,100 region last week, the coin has rocketed higher to $19,600 as of this article’s writing The coin traded as high as $19,900 earlier today. John Bollinger is warning that Bitcoin could soon find a short to medium-term high. Bitcoin Could Soon Find a Top, Analyst Says Bitcoin has undergone an extreme rally over the past few days. After bottoming […]
Recent developments in the derivatives market now threaten the long-term bullish potential of the altcoin market based on historical data. Despite recent gains and market indicators that signal the altseason may soon begin, investors could be looking at a rather short-lived euphoria. Over the last day, the crypto market has witnessed a strong bullish momentum with the total market cap reclaiming the $4 trillion mark. Amidst these high levels of positivity, Bitcoin has gained 1.50%. However, other cryptocurrencies such as Ethereum (5.41%), XRP (2.99%), and Solana (5.62%) have produced....
An analyst has explained how a pattern forming in the 3-day Ethereum chart could signal that a decline toward $1,700 may be coming. Ethereum Has Recently Formed A TD Sequential Sell Setup In a new post on X, analyst Ali talked about a sell signal that has taken shape in the ETH 3-day chart. The relevant technical indicator here is the “Tom Demark (TD) Sequential,” which is used to spot reversals in the price of any asset. The metric is made up of two phases; a setup phase and a countdown phase. In the former, candles of the same polarity are counted up to nine following a....