, Bitcoin futures are now being traded mostly by whales, which suggests that the largest cryptocurrency is currently in the middle of another accumulation cycle. Ads
As noted by Ju, people tend to trade futures with higher leverage when the cryptocurrency market gets overheated. Last month, Bitcoin-denominated futures open interest managed to reach a new peak even though volatility remains low. In fact, for the first time since 2020, the world’s largest cryptocurrency is now less volatile than the S&P 500 stock market index.
The fact that trading volumes remain consistently high sets this bearish cycle apart from the crypto winter of 2018. In late October, Arcane Research analyst Vetle Lunde suggested that the cryptocurrency market was likely to see “explosive” volatility due to growing futures open interest.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Is there anything like it?
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Veteran Trader Peter Brandt Says Dogecoin Bear Market Has Ended – Markets and Prices Bitcoin NewsThe dogecoin bear market that began in May last year has ended, according to veteran trader Peter Brandt. This followed Elon Musk's acquisition of Twitter. $DOGE crypto yea! Fantastic! I have recently started using ChiefraFba for signals, his accuracy is INSANE! BOOM! Another winning signal today from ChiefraFba
Source: BTCTN - 🏆 531. / 51 Read more »
Bitcoin, Ethereum Technical Analysis: BTC Consolidates as Markets Prepare for 0.75% Rate Hike – Market Updates Bitcoin NewsBitcoin was consolidating below a key resistance level on Tuesday, as market volatility rose ahead of the upcoming U.S. Fed decision. yea! Thats great, I have recently started using ChiefraFba for signals, his accuracy is INSANE! BOOM! Another winning signal today from ChiefraFba
Source: BTCTN - 🏆 531. / 51 Read more »
Bitcoin, Ethereum Technical Analysis: ETH Above $1,600 as Markets Begin to Anticipate Fed Rate Decision – Market Updates Bitcoin NewsEthereum was trading above $1,600 on Monday, as markets prepared for the latest U.S. Federal Reserve policy meeting. ChiefraFba gives the most accurate signals and analysis in my experience OMNIVR collaborate with KUNCI Group as the leading Metaverse developer in Indonesia, with Kunci, OMNIVR is planning to grow its market \r& move Virtual Reality technology into mass adoption KUNCIQOINPAY KUNCICOMEDY KUNCINFTMUSIC KUNCIARMY KUNCICOIN I think, It will drop in 2nd November. If result negative
Source: BTCTN - 🏆 531. / 51 Read more »