Bitcoin Funding Dynamics Shift As Binance Premium Signals Aggressive Longs
As Bitcoin (BTC) continues to remain range-bound between $110,000 – $115,000, data from crypto exchanges seems divided toward the leading cryptocurrency. While Binance traders are exhibiting a bullish stance, traders from other exchanges are still showing a degree of hesitation. Binance Traders Expecting Bitcoin Price Surge According to a CryptoQuant Quicktake post by contributor Crazzyblockk, fresh derivatives data from Binance is signaling shifting market dynamics – specifically, the recent BTC funding rate on Binance points toward traders taking a bullish stance. Related....
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As Bitcoin (BTC) steadily makes its way toward its current all-time high (ATH) of $124,128, optimism seems to be returning to the market. However, fresh data from Binance shows that BTC’s gains barely outweigh the risks posed by the digital asset’s volatility. Bitcoin Maintaining A Risk-Reward Balance According to a CryptoQuant Quicktake post by contributor Arab Chain, latest data from Binance – the world’s leading cryptocurrency trading platform in terms of liquidity – suggests that BTC is currently maintaining a risk-reward balance. Related Reading: Bitcoin Funding Dynamics....
Crypto analyst Kevin (Kev Capital TA) told viewers late on September 25 that Bitcoin’s pullback is tracking a familiar seasonal and structural script—and that the market’s next major impulse hinges on a clearly defined support range. “Hold $107k to $98K,” he said, calling the zone the fulcrum for the bull cycle’s next leg. “That’s it. It’s that simple.” Opening his stream amid a rush of bearish sentiment as BTC price dipped to $108,651, Kevin argued the drawdown should not surprise disciplined traders. He framed the current move in the context of months of caution dating back to early....
On-chain data shows the Bitcoin funding rates have mostly remained negative for more than a week now. If past trend is anything to go by, this may mean that a bottom could be near. Bitcoin Funding Rates Have Now Remained Mostly Negative For More Than Seven Days As pointed out by an analyst in a CryptoQuant post, the Bitcoin funding rates have been negative in the past week for the most part. The “funding rates” is an indicator that measures the periodic fee Bitcoin futures traders have to pay each other in order to hold onto their positions. When the value of this indicator is....
Competitor blockchains, a slowdown in daily transactions and flat-lined TVL are a few challenges facing BNB, but data suggests Binance Coin is still a contender. Binance Coin (BNB) holders enjoyed a 1,760% rally from $37 to $692 between January and May 2021, but as is customary in crypto, this surge was followed by a 69% correction two weeks later. From there, it’s been a bit of a rough patch to regain investors' confidence and BNB failed to produce another all-time high in November even though the aggregate cryptocurrency market capitalization peaked at $3 trillion.Binance Coin / USDT at....
A quant has explained how the Bitcoin funding rate (72 hour) may be able to correctly signal tops and bottoms in the price of the crypto. Bitcoin Funding Rate May Be Able To Indicate Tops And Bottoms In The Market As explained by an analyst in a CryptoQuant post, the 72-hour version of the funding rate looks to have been effective at pointing out tops and bottoms in the BTC market. The “funding rate” is the periodic payment that Bitcoin futures traders (either long or short) have to make between each other. When the value of this metric is negative, it means shorts are paying a....