) soared 52% as Bitcoin blockchain demand for nonfungible token inscription vastly increased the block space.Lido DAO’s LDO gained 34% as stakers evaluated proposals to manage the 20,300 Ether held by the corporate treasury.Perpetual contracts, also known as inverse swaps, have an embedded rate that is usually charged every eight hours. Exchanges use this fee to avoid exchange risk imbalances.
Interestingly, BNB is no longer a top six cryptocurrency ranked by futures open interest, as investors’ demand for Polygon’s MATIC markets increased by 70% in February.Traders can gauge the market’s overall sentiment 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.
Even though Bitcoin’s price failed to break the $25,000 resistance, the demand for bullish call options has exceeded the neutral-to-bearish puts since Feb. 14. From a derivatives market perspective, there are no signs of demand from short sellers, while leverage indicators show bulls are not using excessive leverage. Ultimately, the odds favor those betting that the $1.13 trillion total market cap resistance will break, opening room for further gains.
noshitcoins So this is a great opportunity to buy more bitcoin in ownr
Wow, can't wait to retire on my crypto earnings! 🤑
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