Traders are Using the Most Leverage Ever as Bitcoin Nears Key Resistance
Bitcoin is trading around the level it has been at for the past couple of weeks Bulls are vying to break above $13,800, but the resistance here is rather significant and is showing few signs of degrading BTC has now made multiple bids to break above $14,000, but each one has resulted in it seeing strong inflows of selling pressure that send it back down to the mid-$13,000 region There’s a good chance that Bitcoin […]
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Bitcoin futures leverage is dropping steeply, indicating that traders are fearful or uncertain about the BTC price trend. The leverage used in the Bitcoin (BTC) futures market has fallen significantly in the past several days. This indicates that traders are generally uncertain about where BTC is heading in the near term.Estimated leverage on Binance. Source: CryptoQuantWhat is leverage and why is this metric crucial for Bitcoin market sentiment?In the Bitcoin futures market, traders can borrow up to 125 times of their initial capital to trade Bitcoin.This allows traders to enter into....
The world is now just one day out from the 2020 U.S. Presidential Election, an event that will undoubtedly have far-reaching implications that impact Bitcoin, altcoins, and the traditional markets for potentially years to come. BTC has been showing immense signs of strength heading into the election, bucking a consolidation phase seen by the stock […]
In a dramatic week for Bitcoin price action, traders are keen to capitalize, hitting a new all-time high for the leverage ratio. The estimated leverage ratio for Bitcoin (BTC) hit a new all-time high last night according to CryptoQuant. Further metrics point to growing leveraged interest, but liquidations have remained relatively low. According to on-chain analytics resource CryptoQuant, while the Bitcoin price fell off a cliff over the past 24 hours, the estimated leverage ratio reached 0.224, an all-time high. The metric works by dividing exchanges’ open interest by their coin reserve.....
Bitcoin reached $42K before, but not with these characteristics. The market seems healthy and practically unleveraged. Greed is just showing its face after months of Fear. How did we get here? Calmly and consistently stacking sats, that’s how. What does this mean for the future of BTC’s price? Is the rocket about to take off? Related Reading | Volatility Inbound: Bitcoin Traders are Upping Their Leverage as Election Nears Before going into that, let’s look at the chart from Bitcoin Magazine’s Dylan LeClair. It gives the US Central Bank balance sheet a run for its money as the most....
After earning the title of the worst investment of the year 2014, Bitcoin Trading may not need any further introduction when it comes to potential risks and losses. However at the same time, the market has been a haven for disciplined day traders that normally end up earning a greater returns within a shorter period of time. One of the most attractive things about Bitcoin trading is the ability to use leverage. It gives traders an option to trade larger amounts even with small capital. In this context, the Bitcoin trading sector functions much like its experienced counterpart, the forex....