Ethereum Open Interest Cut In Half As $6.4B In Positions Vanish: Market Reset...
Ethereum has fallen below the $2,800 mark after a sharp and sudden decline, deepening panic across the market and reinforcing the sense that bulls have lost control. The recent drop has pushed investors into defensive mode, with some analysts now openly discussing the possibility of a broader bear market emerging. Selling pressure has intensified across spot and derivatives markets, and volatility continues to rise as traders struggle to identify a reliable support zone. Related Reading: Bitcoin Flashes Largest Hidden-Buying Spike of the Cycle Despite Losing $90K Level A new CryptoQuant....
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Ethereum is undergoing one of the most significant resets in over a year, caused by its price breaking below $4,000. This retest has been most visible in futures open interest, where billions of dollars in positions have been wiped out across major exchanges. This rapid unwinding comes as a correction move to weeks of excessive leverage during uptrends that had pushed derivatives activity to unsustainable levels. Related Reading: When Will XRP Reach $25? Bitcoin Investor Shares A Bold Prediction Massive Open Interest Wipeout Across Major Exchanges The most recent Ethereum price correction....
Ethereum has fallen below the $4,000 level for the first time since early August, marking a significant shift in market sentiment. After weeks of strong performance, ETH has now lost nearly 20% of its value since September 13, leaving many traders concerned about the next move. The broader market correction has fueled uncertainty, but some analysts argue this is a necessary reset that could prepare the ground for renewed growth. Related Reading: 11 Wallets Receive 295,861 Ethereum ($1.19B) From Major Institutions: Accumulation Or OTC Shuffle? Top analyst Darkfost highlights that Ethereum’s....
Data shows the Bitcoin Futures Open Interest has witnessed a massive plunge recently, flushing the excess of leverage in the sector. Bitcoin Futures Open Interest Has Seen A Reset As explained by on-chain analytics firm Glassnode in an X post, the Bitcoin Futures Open Interest has gone through a sharp decline. This metric measures the […]
Crypto analytics provider Glassnode argues the late February BTC crash may have been a healthy reset that flushed excessive leverage out of the market. According to on-chain analytics provider, Glassnode, the late-February crypto market correction may have purged excessive leverage from the markets.On March 1, Glassnode published a report analyzing the recent crypto crash — which was only the second significant crypto correction since the markets pushed into new record highs in late 2020.Glassnode noted the crash peaked with a 25% fall from the local top of $58,300 to $43,343. As such, the....
The two largest cryptocurrencies by market cap, Bitcoin and Ethereum, have seen a significant rise in their open interest in the last couple of weeks. This comes even when the market is seeing struggling prices and investors have begun to take more conservative positions in the market. The drastic increase in the open interest across these two cryptocurrencies could have some significant implications for the crypto market as a whole. Ethereum Spikes With Bitcoin Bitcoin open interest has been on the rise over the last couple of weeks, which has led to some interesting forecasts for the....