Bitcoin Open Interest Climbs Up, Price To Break Sideways Trend Soon?
On-chain data shows the Bitcoin open interest has been slowly growing recently, something that could lead to more volatility in the price of the crypto. Bitcoin Open Interest Goes Up While Funding Rates Approach A Neutral Value As pointed out by an analyst in a CryptoQuant post, the BTC open interest has gained around $500 million over the last few days. The “open interest” is an indicator that measures the total amount of BTCUSD positions currently open on all derivatives exchanges. The metric takes into account for both short and long positions. When the value of this....
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The open interest for AVAX has been on a consistent rise over the last month, carrying the price of the altcoin along with it. The result of this continuous climb is the fact that the open interest has now surged to May 2022 levels, a development that could spell a massive rally for the price. AVAX Open Interest Surge To $224 Million According to data from Coinglass, the AVAX open interest has now climbed to $224 million. The website shows that there was an over 10% increase in the open interest in a 24-hour period which brought the total open interest above 10.04 million AVAX. Related....
On-chain data shows the Bitcoin open interest has once again risen to high values, suggesting that a liquidation squeeze may be near for the crypto. Bitcoin Open Interest Has Climbed To High Values Recently As pointed out by an analyst in the CryptoQuant post, leverage has increased in the BTC market over the past week […]
After heavily decreasing during the 4th December crash, the open interest finally seems to be making a return as it gains strong upwards trend. Bitcoin Open Interest Shows Strong Upwards Movement As pointed out by a CryptoQuant post, the BTC open interest has reversed its trend, and is now showing sharp movement up. The “open interest” is an indicator that measures the total amount of futures contracts still open at the end of any trading day on derivatives exchanges. The metric takes into account both long and short positions. When the value of this indicator moves up, it can....
Not much happened today in the price action of litecoin. As we can see in the 1H chart, price has been drifting sideways since the cryptocurrency rallied from around 1.60 to about 1.82. While price is indeed still in this consolidation range, we can see a bearish bias. Litecoin (LTCUSD) 1H Chart April 1, 2015. 1) The 200-, 100-, and 50-hour simple moving averages (SMAs) are in bearish alignment and are sloping down. 2) Price is starting to hold below the cluster of these SMAs, which shows bearish bias. 3) The RSI has held below 60, and has tagged 30, showing development of bearish....
The price of bitcoin continued moving sideways today, oscillating between $204 and $214. Earlier today, the price of bitcoin recorded a low of around $203, before bouncing back to $214 during the following hour. Since the 18th of January, the price of bitcoin has been moving sideways, which reflects the market's attempt to correct the price, yet the price will soon break out of this trend and increase as implied by the Fibonacci retracement fan plotted on the 1 day Bitcoin/USD charts (look at yesterday's analysis). By studying the Bitfinex 1 hour Bitcoin/USD charts from tradingview.com....