Total crypto market-cap hits $850M as Bitcoin and altcoins recover from FTX’s collapse

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The total crypto market cap slightly rebounds as the storm clouds from FTX’s recent collapse begin to dissipate. noshitcoins explains.

Leverage demand is balanced between bulls and bears

A positive funding rate indicates that longs demand more leverage. However, the opposite situation occurs when shorts require additional leverage, causing the funding rate to turn negative.The 7-day funding rate was near zero for Bitcoin, Ether andThe only exception was, which presented a 1.3% weekly funding rate for those holding leverage shorts. Although it’s not burdensome to sellers, it reflects investors' unease about buying BNB at the current price levels.

A 0.70 put-to-call ratio indicates that put options open interest lag the more bullish calls by 30% and is therefore bullish. In contrast, a 1.20 indicator favors put options by 20%, which can be deemed bearish.Even though Bitcoin's price failed to break the $17,000 resistance on Nov. 30, there was no excessive demand for downside protection using options. As a result, the put-to-call ratio remained steady near 0.53.

There's balanced demand for leverage using futures contracts, and the BTC options risk assessment metric did not improve even as Bitcoin's price tested the $17,000 level.

 

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To what level should the capitalization drop before the whales start to buy back the market again?🤔

Million or billion lol

noshitcoins ETHGate who are the 'Disguised Whales'?

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