Spot Markets, Not Leverage, Fuel Bitcoin’s Price Rally Amid Mild Derivative L...
Derivatives' role in bitcoin's rally is "muted" this time, said one trader.
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On-chain data shows whales are sending their Bitcoin from spot exchanges to derivatives, indicating that they are building up their positions. Bitcoin Whales Build Up Their Positions On Derivative Exchanges As pointed out by a CryptoQuant post, Bitcoin whales seem to be moving their crypto from spot exchanges to derivative exchanges. The relevant indicator here is the “all exchanges to derivative exchanges flow mean,” which shows the total amount of coins being transferred from spot exchanges to derivative exchanges. When the value of this metric shows continuous high values,....
Bitcoin spot to derivatives exchange flow has surged up recently, something that has preceded local bottoms for the crypto in the past. Bitcoin All Exchanges To Derivative Exchange Flow Observes Uplift As pointed out by an analyst in a CryptoQuant post, whales have been moving their coins into derivative exchanges recently. The relevant indicator here […]
Ethereum has plunged below $1.3k today, but the decline may not be over quite just yet as on-chain data shows selling pressure continues to rise in the market. Ethereum Exchange Inflows Have Continued To Go Up During The Past Day As pointed out by an analyst in a CryptoQuant post, the ETH derivative and spot exchange inflows are both still on the rise. The “exchange inflow” is an indicator that measures the total amount of Ethereum entering into the wallets of centralized exchanges. There are two versions of this metric, the first notes the inflows specifically going to....
On-chain data shows the Bitcoin leverage ratio has surged up to a new all-time high, suggesting the market could be heading towards high volatility. Bitcoin All Exchanges Estimated Leverage Ratio Sets New ATH As pointed out by a CryptoQuant post, the funding rate has remained neutral while the leverage has increased in the market. The “all exchanges estimated leverage ratio” is an indicator that measures the ratio between the Bitcoin open interest and the derivative exchange reserve. What this metric tells us is the average amount of leverage currently being used by investors....
After Joe Biden's inauguration on Jan. 20, an expected raft of new stimulus measures may further boost bitcoin's rally, say analysts.