Bitcoin Leverage-Driven Surge Continues: Can Spot Buyers Keep Up?
Bitcoin is now testing a crucial resistance level as bulls attempt to reclaim momentum and print a higher high on the daily chart. After months of sustained pressure, BTC appears to have found support, offering the potential for a decisive trend reversal. Since peaking in January, Bitcoin has been stuck in a persistent downtrend, with […]
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Bitcoin has soared past the $98,000 on Thursday, fueling intense debate among traders over whether the $100K milestone is again within reach or if the current rally is vulnerable to a swift correction. Behind the scenes, market observers point to surging open interest (OI) and increased leverage, spotlighting the possibility of a leverage-driven push. Bitcoin Rally Or Trap? CryptoQuant community analyst Maartunn (@JA_Maartun) warned of a “leverage driven pump,” noting a $2.4B jump in Bitcoin’s OI within 24 hours. Via X, he wrote: “Leverage Driven Pump: $2.4B (7.2%) increase in Open....
A crazy few hours sees volatility return, with spot buyers noticeably in charge over leveraged traders. Bitcoin (BTC) retook $57,000 on April 30 as a surprise bullish end to month took traders by surprise.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$4.2 billion expiry gives way to big Bitcoin gainsData from Cointelegraph Markets Pro and Tradingview showed BTC/USD climbing 5% in hours on Friday to come within inches of a green monthly close for April.At press time, $57,000 still formed a focus, with the pair needing to clinch $58,800 to avoid April's monthly candle turning....
Analysts anticipate a potential breakout to $36, as Chainlink (LINK) is currently exhibiting robust upward momentum. In recent weeks, large investors, more commonly known as “whales,” have been aggressively accumulating LINK. Their increasing interest indicates that they are optimistic about the asset’s long-term potential. However, is this rally enduring, or is it merely another brief surge? Related Reading: 21Shares Bets On Polkadot, Files For Spot ETF With SEC Chainlink: Strong Whale Appetite Data shows that large investors (whales) have been steadily buying more LINK....
On-chain data shows the Bitcoin estimated leverage ratio has continued to hit new highs recently, a sign that could be bearish for the price of the crypto. Bitcoin Estimated Leverage Ratio Continues To Set New Highs As pointed out by an analyst in a CryptoQuant post, the BTC leverage ratio has been moving up since […]
Data shows Bitcoin spot trading volume has surged up as BTC has begun to target a new all-time high (ATH) price soon. Bitcoin Spot Trading Volume Keeps Increasing As per the latest report from Arcane Research, BTC spot trading volume continues to surge up as the coin heads towards a new ATH. The “trading volume” […]