Binance Maintains Dominance In Bitcoin Futures Market; Records $1.88-T In Tra...
While Bitcoin’s price action points to a relative scarcity of spot activity, recent on-chain data reveals an increasingly dynamic atmosphere within its futures market, especially on the Binance network. Related Reading: Bitcoin October Slump: Fourth Worst On Record Since 2013, Per Fortune Analysis Binance Dominates Futures Market As Trader Sentiment Sees Structural Shift In a recent post on the CryptoQuant platform, crypto education institution XWIN Research Japan shares insights into developments in the Bitcoin futures market, with their key focus being the Binance network. According to....
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Bitcoin still maintains majority market dominance when it comes to cryptocurrencies. Almost half of all crypto market share belongs to BTC. Although still in the lead, the margin by which bitcoin dominates the market has continued to decline. Altcoins are taking up more market share. Their increasing value sees more investors putting money in them. […]
Data shows the Ethereum perpetual futures volume dominance has set a new all-time high relative to Bitcoin, a sign of elevated speculative interest in altcoins. Ethereum Perpetual Futures Volume Dominance Has Hit 67% According to data from on-chain analytics firm Glassnode, the Ethereum perpetual futures volume has shot up recently. Below is the chart cited by Glassnode, showing the trend in the perpetual futures volume dominance breakdown between Ethereum and Bitcoin. As displayed in the above graph, Ethereum overtook Bitcoin in perpetual futures volume a while ago, indicating that....
Data shows the XRP Open Interest on cryptocurrency exchange Binance has seen a significant drop recently, a sign traders are repositioning. XRP Binance Open Interest Has Dropped To $1.1 Billion As pointed out by an analyst in a CryptoQuant Quicktake post, XRP traders on Binance have closed off futures market positions recently. The indicator of […]
The Bitcoin dominance index has collapsed by 20 percentage points since the start of 2021. ETH, BNB and more speculative altcoin bets have seen their dominance rise over the same period. Bitcoin (BTC) dominance briefly fell below 50% last week for the first time since January 2018, sending a strong signal that more speculative bets on altcoins were on the rise.The Bitcoin dominance index, which measures BTC’s market capitalization relative to the broader cryptocurrency market, reached a low of 49.35% on Thursday, according to CoinMarketCap. At the beginning of 2021, BTC dominance was....
After struggling with bearish action for several days, Bitcoin is finally finding stability once again above the $111,000 price level. Even with the downward trend, the crypto king has demonstrated a remarkable performance in its futures volume on the Binance exchange, which has risen sharply to unprecedented levels. Binance Bitcoin Futures Hit New Milestone Bitcoin’s […]