Bitcoin Open Interest Nosedives, But All Hope Is Not Lost
Bitcoin open interest has been on a downtrend recently. This is not surprising given that the price of the digital asset had also been declining in recent times. The past week has seen this downtrend mostly driven by movements on the crypto exchange, Binance. Despite this decline, it is still not all bad for bitcoin […]
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Bitcoin has recorded significant losses in just the first week of December. The digital asset has taken some of the largest hits for the year in just last week alone following liquidations over the weekend. This has expectedly had a huge impact on the amount of open interest in bitcoin. Following the dump, BTC denominated open interest took a nosedive. The dip in open interest was significant enough to near-record levels for 2021. With bitcoin losing more than $10,000 in value, open interest had declined rapidly. This is worrying given that open interest had dropped not too long ago and....
Performance among meme coins has been abysmal over the past few months, and the likes of Shiba Inu have suffered especially during this time. Currently sitting at over 92% lower than its all-time high levels from 2021, all hope seems to be lost for the meme coins as more than 60% of all holders have […]
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 […]
Bitcoin is back in the danger zone after plunging below $85,000, marking its lowest level since April and intensifying fears that the crypto market’s month-long downturn is far from over. Related Reading: Total Crypto Open Interest Crashes To June Levels, Will Bitcoin Repeat The Same Trend? The flagship crypto asset slid as much as 10% […]
Data shows the Ethereum Open Interest has gone up by nearly $2 billion during the past day, a sign of leveraged bets being opened. Ethereum Open Interest Has Observed A Strong Rise As pointed out by CryptoQuant community analyst Maartunn in a new post on X, the Open Interest has just shot up for Ethereum. […]