) plunged to its lowest level in 9 months after the number of users and transactions declined by 15% over the last 30.The OKX Tether premium gauges China-based retail demand and it measures the difference between the China-based peer-to-peer trades and the United States dollar.
Excessive buying demand puts the indicator above fair value at 100%. On the other hand, Tether’s market offer is flooded during bearish markets, causing a 4% or higher discount.The OKX Tether premium peaked at 2% on April 28, its highest level in 2022. The movement coincided with Bitcoin breaking above $40,000, but its price reverted later that day. Currently, the Tether premium stands at 0%, signaling a neutral sentiment from retail traders.
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.As shown above, the accumulated seven-day funding rate is slightly positive for Bitcoin and Ether. Data indicates slightly higher demand from longs , but nothing that would force traders to close their positions. For instance, Luna’s positive 0.15% weekly rate equals 0.
The absence of the Tether premium in Asia and the flattish perpetual contract premiums signal a lack of demand from retail traders right as the total crypto market capitalization struggles to sustain the $1.75 trillion support.
The world is full of gamers who have the passion to play for pleasure what if I told you with rubyplaynetwork you play and earn tokens just that simple BSC 1000Xgems BSCGems
noshitcoins Why not add $GART to your list? It might be a loss to miss out on a potential project like this, a Turkish GameFi project already listed on MEXC_Global Meanwhile, their game Griffinland has released a beta version on the Google Play store BSC ETH GriffinNFTArt
noshitcoins XMetaverse_ X-Metaverse is a blockchain game developed by Cocos3D and can run on Android, iOS and PC. All game content items and characters are based on blockchain tokens and NFTs. The visual effects and gameplay of X-Metaverse are inspired by StarCraft and Star Wars.
Colombia Últimas Noticias, Colombia Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fuente: hackernoon - 🏆 532. / 51 Leer más »
Fuente: BTCTN - 🏆 531. / 51 Leer más »