) were severely impacted by liquidations following the insolvency of FTX exchange and Alameda Research.Stablecoin demand remained neutral in Asia
Excessive buying demand tends to pressure the indicator above fair value at 100% and during bearish markets, the stablecoin's market offer is flooded, causing a 4% or higher discount.Currently, the USDC premium stands at 100.8%, flat versus the previous week. Therefore, despite the 24% drop in total cryptocurrency market capitalization, no panic selling came from Asian retail investors.
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 depicted above, the 7-day funding rate is slightly negative for the two largest cryptocurrencies and the data points to an excessive demand for shorts . Even though there is a 0.40% weekly cost to maintain open positions, it is not worrisome.
Traders can gauge the overall sentiment of the market by measuring whether more activity is going through call options or put options. Generally speaking, call options are used for bullish strategies, whereas put options are for bearish ones.
If we go lower, I will spend as much usdt as I can to buy bitcoin and other promising projects
ofcourse, 0
We can always go lower.
of course!
Yes, we can !
We’re obviously going lower
Yeah
Hard to see a positive story that will give the market enough momentum to turn around..
If they will stop scam pumping to avoid crash.