Dogecoin Futures Open Interest Explodes As Leveraged Traders Pile In
A crypto analyst has placed a seven-figure bet against Dogecoin, warning that the market looks dangerously overextended. CryptoQuant’s JA Maartun opened a short position of 1 million DOGE, citing a sharp and rapid buildup of leveraged contracts that he described as a risky setup. The Numbers Behind The Warning DOGE futures open interest climbed 33%…
XRP OI Z-Score Just Dropped To Levels Seen Before Its 600% Rally In 2024
New reports reveal that XRP’s Open Interest (OI) Z-Score has declined to extremely low levels, indicating reduced speculation and a possible leverage reset. According to analysts, the last time XRP’s OI Z-Score reached this level, it triggered an explosive 600% rally to new highs in 2024, ending the cryptocurrency’s years-long decline and consolidation. XRP Open…
Bitcoin Reclaims $73,000 Mark But Traders Remain Unconvinced – Details
In the past week, the Bitcoin market rose by almost 10%, representing a significant rally amid recent bearish struggles. Notably, the leading cryptocurrency has now reclaimed the $73,000 price zone for the first time since mid-March, translating to a mild bullish undertone for most investors. However, traders in the derivatives market remain largely unconvinced of a…
The Bear Market Divergence That Shows What’s Really Going On With Bitcoin
Crypto analyst Ardi has pointed to a bear market divergence to explain what has been going on with Bitcoin’s price for a while now. His analysis comes just as BTC continues to struggle to hold above $70,000 amid the U.S.-Iran war and rising oil prices. Analyst Explains What Is Happening With Bitcoin as Price Struggles…
Over Half A Billion Dollars Wiped Out As Bitcoin Locks In At $70,000
Whale wallets quietly shifted to buying mode over the past two weeks — even as the broader crypto market absorbed one of its worst single-day liquidation events in recent memory. A Massive Options Expiry Freezes The Price Friday’s settlement of Deribit’s March options contracts has effectively put Bitcoin on hold. The expiry involves 24,838 contracts…
Ethereum Price Under Pressure: Whales, Derivatives Market Exits Signal Waning Appetite
After dipping below $1,800 earlier in the month, the price of Ethereum has since reclaimed the $2,000 level, which is considered a psychological support zone for many traders. Over the past week, though, the price showed mild downward pressure, struggling to hold sustainably above the $2,000 level. Whale Activity Signals Potential Volatility Surge In Ethereum…
XRP Funding Levels Drop To Extreme Negative Levels, What This Means For Price
XRP’s derivatives markets are still showing signs of bearish pressure, with funding rates across major exchanges now in negative territory. According to real-time data, funding rates have been predominantly below zero in recent trading sessions, with the lowest exchange funding rate recorded around -0.0748%. At the same time, open interest has returned to levels associated…
Ethereum Open Interest Plunges: Cooling Off Or Cracks Forming?
Ethereum climbed back above $2,000 after a softer-than-expected US CPI print, and the move has traders and analysts debating whether the worst is behind the coin or if this is a temporary relief rally. Reports say futures open interest has fallen sharply over the last 30 days, funding rates have swung into deeply negative territory,…
Bitcoin On-Chain Data Indicates High Volatility Ahead Following Post-CPI Reaction
Bitcoin has experienced another turbulent week marked by sustained downward pressure, reinforcing the broader bearish sentiment that has dominated the market in recent months. Despite late market relief on Friday, the leading cryptocurrency has struggled to reclaim key resistance levels and presently hovers around the $69,000 price region. Meanwhile, analysts continue to rely on on-chain data…
Binance ETH Open Interest Surges Above $7.1B Amid Heavy Market Repositioning – Details
Amid the cheers of the new year, Ethereum achieved a decisive breakout above the long-standing price resistance around $3,000. According to market analyst Amr Taha, this price gain has been accompanied by significant changes in the derivatives market, which suggest an aggressive shift in investors’ positioning. Ethereum Traders Flood Market With Long Positions To Usher…