Bitcoin Eyes $90K As Bears Get Burned Again Amid $30B Open Interest Surge
More than $4 billion in long positions now sit within striking distance of liquidation near $77,000 — a figure that underscores just how much is riding on Bitcoin holding its current footing above $80,000. Related Reading: David Schwartz Says Selling XRP Doesn’t Make Him The Villain Bears Keep Rebuilding, Keep Getting Burned Data tracked by Bitcoin researcher Axel Adler Jr. shows that close to $8 billion in short positions have been forcibly closed since early February, with the largest single-day spike hitting $737 million on Feb. 13. The liquidations did not come all at once. They....
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Data shows the XRP Open Interest rose alongside Funding Rates turning red, a sign that traders opened new short positions related to the coin. XRP Has Witnessed A Surge In Open Interest Recently As pointed out by CryptoQuant community analyst Maartunn in a Sunday X post, the XRP Open Interest witnessed a sharp surge. The […]
Data shows the Bitcoin Open Interest has shot up to a new all-time high (ATH), implying speculative interest around BTC has surged. Bitcoin Open Interest Has Risen Alongside Price Rally As explained by CryptoQuant community analyst Maartunn in a new post on X, the Bitcoin Open Interest has seen a sharp surge recently. The “Open […]
The recent performance of XRP has attracted substantial attention, as its open interest has increased to $4.3 billion. This surge has occurred in the context of a substantial price increase, with XRP reaching a one-week high of over $2.50. The resurgence indicates the potential for sustained momentum, which represents a departure from the decline observed in February. Related Reading: XRP Set To Outshine Gold? Analyst Predicts 1,000% Surge XRP: Rebound In Open Interest The recent increase in XRP’s open interest is indicative of the fact that a greater number of investors are making....
Data shows the Bitcoin Open Interest has seen a surge to a new all-time high (ATH) recently, a sign that volatility could be brewing for BTC. Bitcoin Open Interest Has Been Going Up Recently As pointed out by CryptoQuant founder and CEO Ki Young Ju in a new post on X, the Bitcoin Open Interest […]
The Ethereum open interest has been on an upward trajectory that has culminated in it crossing the $5.2 billion mark. This surge is important to Ethereum’s native token ETH in a number of ways as it could point to how investors are viewing the cryptocurrency at this point. Ethereum Open Interest Sees Rapid Rise Data from Coinglass shows that the Ethereum open interest has risen rapidly in recent times. Over the last week, the open interest has grown, eventually crossing $5.2 billion at a time when the crypto market continues to struggle to loosen the grip of bears. Related Reading:....