The Binance exchange has registered a surge in derivatives activity triggered by an ongoing pullback in gold’s price. The highly priced commodity and world’s largest asset has experienced a steady price decline since around February amid exacerbating geopolitical tensions and concerns about global inflation levels. Binance Users Show Heavy Interest In Gold Market In an…
Tag: cryptoquant
Binance Warning? Leverage Explodes As Crypto Tracks A World On Edge
Binance’s futures-to-spot ratio has jumped to a 1.5-year high, its highest level since mid-2023. But why? What The Binance Data Says About The Market New data from CryptoQuant analyst Maartuun shows that Binance’s derivative volume is dwarfing spot trading, as the futures/spot ratio has risen to around 5.1. This means that for every $1 traded…
XRP Whale Outflows Continue On Binance — What’s Happening?
According to recent on-chain data, large investors in the XRP market seem to be adjusting their positions. Further analysis suggests that if XRP finds favorable alignment with the current conditions, it could be at the start of a larger upside rally. 44 Million XRP Leave Binance Late In February In a Quicktake post on CryptoQuant,…
Bitcoin LTH Stay Calm Amid Volatile Market Swings – Details
Following its price crash in early February, Bitcoin continues to exhibit significant volatility, with prices fluctuating between $60,000 and $70,000. Last week, the leading cryptocurrency saw a sharp rebound towards the 74,000 price level, but was soon followed by a deep retracement to around $68,000. Amid this choppy price movement and lack of market direction,…
Bitcoin On-Chain Data Identifies Unusual Market Cap Behavior – Details
The Bitcoin market experienced a short-lived rebound, as prices broke through the long-standing $70,000 resistance to briefly touch the $74,000 mark before dipping again. Whether this price action represents an initial retest for a potential market recovery remains widely unknown. Meanwhile, on-chain data has highlighted a divergence between growth rates of the Bitcoin market cap…
Long-Term Bitcoin Holders Buy $14 Billion In BTC As Retail Headed For The Exit
Seventeen of the top 25 largest Bitcoin ETF holders added to their positions while ordinary investors were selling. That split tells a story that goes beyond a single month of on-chain data. Smart Money Moves Against The Crowd Bitcoin exchange-traded funds pulled in $1.5 billion over five trading sessions, capping the stretch with a single-day…
Bitcoin Historical Cycle Pattern Points To $31,500 Bottom Target – Details
Bitcoin price struggles persist as the premier cryptocurrency is yet to break above the key $70,000 resistance zone, suggesting the market remains at risk of a deeper correction. Notably, popular market analyst Yonsei_dent has shared an observation that backs these bearish investors’ expectations. Bitcoin Supply In Profit Metric Shows Potential 75% Drawdown In a Quicktake…
Bitcoin STH Holds Steady: No Panic Amid Middle East Conflict – Details
Market analyst MorenoDV_ reports a muted response by Bitcoin short-term holders (STH) to a combined attack by the US and Israel on Iran. The observation is important considering the previous sell-offs that have dominated the market in recent months. Bitcoin STH Reaction To Geopolitical Conflict Signals Seller Exhaustion – What Next? The Bitcoin short-term holders…
Bitcoin OTC Balance Records Rapid Outflows — What’s Next For Price?
Over the past two weeks, the Bitcoin market saw an overwhelming sellers’ dominance, with no significant input from the bulls influencing the price. As the flagship cryptocurrency slipped into a downturn, investors increasingly fled the market out of fear, further pushing prices downwards. However, as the Bitcoin price seems to have found stability, an interesting…
Bitcoin Trades Below ETF Cost-Basis As MVRV Signals Mounting Pressure
The middle of January marked the continuation of an already struggling price action for Bitcoin, as it took on another sharp downtrend. Early into February, the flagship cryptocurrency seemed to be on a free-fall, even breaching important psychological price levels as it crashed. One of these levels is the cost basis of one of Bitcoin’s…