Tag Archives: Bitcoin Open interest

Bitcoin Price Could Be Preparing For Fresh Wave Of Volatility — Here’s Why

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The Bitcoin price action over the weekend has been quite sluggish, reflecting the indecision and fatigue seemingly hovering over the cryptocurrency market at the moment. After a dour performance during the week, the premier cryptocurrency has continued to trade within the $92,000 – $95,000 range on Saturday, May 17. With the choppy price action, doubt… Continue reading Bitcoin Price Could Be Preparing For Fresh Wave Of Volatility — Here’s Why→

Bitcoin Resets With 14% Deleveraging—Here’s What Past Events Led To

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Data shows the Bitcoin futures market has seen a massive deleveraging event recently. Here’s what this reset could mean for BTC, based on past trends. Bitcoin Open Interest Has Gone Through A Crash Recently As pointed out by an analyst in a CryptoQuant Quicktake Open Interest” refers to an indicator that keeps track of the… Continue reading Bitcoin Resets With 14% Deleveraging—Here’s What Past Events Led To→

Bitcoin Open Interest Crashes By $4.5 Billion In One Weekend, Spells Doom For Bulls

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Bitcoin open interest crashed by billions in one weekend, painting a bearish outlook for the flagship crypto and spells doom for BTC bulls. Despite this setback, crypto analysts have provided some optimism with their analysis, which hints at a bullish reversal soon enough.  Bitcoin’s Open Interest Crashes By $4.5 Billion Over The Weekend Coinglass data… Continue reading Bitcoin Open Interest Crashes By $4.5 Billion In One Weekend, Spells Doom For Bulls→

Bitcoin Open Interest Hits ATH As BTC Nears $100K – What To Expect?

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Bitcoin has shattered records again, reaching a new all-time high of $97,903 just hours ago. The cryptocurrency market is exciting as Bitcoin leads the charge, delivering explosive gains that have fueled widespread bullish sentiment. Investors and traders alike speculate this rally is far from over, with Bitcoin edging closer to the monumental $100,000 mark. Key… Continue reading Bitcoin Open Interest Hits ATH As BTC Nears $100K – What To Expect?→

Market ‘Pricing In A Higher Fair Value’ For Bitcoin As Price Discovery Continues

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Bitcoin (BTC) has performed remarkably over the past week, surging 30% since the November 5 US election. The flagship crypto surpassed its March all-time high (ATH), recording a new high nearly every day for the last seven days. Bitfinex analysts noted that the market remains “relatively stable” despite increased speculative activity. Bitcoin ‘Fair Value’ Priced… Continue reading Market ‘Pricing In A Higher Fair Value’ For Bitcoin As Price Discovery Continues→

Bitcoin Open Interest Reduced By $2.1 Billion In 24 Hours – Time For Spot To Push The Price?

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Bitcoin is currently trading above $69,000, following a 6% pullback from its recent peak at $73,600. The recent surge in open interest has been a key factor in driving BTC’s price action, with open interest reaching $23.9 billion on October 30, a significant uptick that indicated high market engagement.  However, in the past 24 hours,… Continue reading Bitcoin Open Interest Reduced By $2.1 Billion In 24 Hours – Time For Spot To Push The Price?→

Bitcoin Bears Fear A Short Squeeze Above $71,000 As Open Interest Rises To $22.6B

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Bitcoin is on the verge of a historic move as it pushes toward its all-time highs, surging above the $71,000 mark just yesterday. This breakout has ignited optimism among analysts, who expect further upside in the coming weeks as the US election draws near—a period historically marked by heightened volatility and market shifts. Critical data… Continue reading Bitcoin Bears Fear A Short Squeeze Above $71,000 As Open Interest Rises To $22.6B→

Bitcoin Open Interest Hits Record $19.8 Billion—Is The $100K Rally About to Begin?

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The Bitcoin price is rising, reaching as high as $66,173 today; the asset appears to have hit a milestone behind the scenes. According to a CryptoQuant analyst, EgyHash, Bitcoin’s open interest—a measure of the total number of outstanding derivative contracts—has reached a new all-time high. This development signals heightened activity in the Bitcoin market and… Continue reading Bitcoin Open Interest Hits Record $19.8 Billion—Is The $100K Rally About to Begin?→