Over 860 Million XRP in Futures Positions Just Vanished – Warning Or Opportun...
XRP has been under selling pressure for weeks. The uncertainty is higher. And beneath the price, the derivatives market on Binance just recorded one of its sharpest single-venue position closures in recent memory. Related Reading: Ethereum Reserves Are Collapsing Across Major Exchanges – Learn What It Signals A CryptoQuant analysis tracking XRP’s derivatives structure across […]
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Recently, funding for bitcoin futures contracts has flipped negative and perpetual futures are trading below spot.
The cryptocurrency market saw over $500 million worth of positions liquidated in the last 24 hours as Bitcoin slid below $34,000. Roughly $500 million worth of cryptocurrency futures positions were liquidated in the past 24 hours. The mass liquidation of positions happened before the price of Bitcoin (BTC) dipped below $34,000 on Jan. 17.Bitcoin total liquidations. Source: Bybt.comWhy were so many positions liquidated?Overnight, the price of Bitcoin rose by 6.7% from $35,500 to nearly $38,000. Meanwhile, the futures funding rate sharply increased, indicating an overleveraged market.Across....
The SEC has warned that “investors should understand that Bitcoin, including gaining exposure through the Bitcoin futures market, is a highly speculative investment.” The U.S. Securities and Exchange Commision (SEC) has warned investors about the risks of Bitcoin futures trading — citing market volatility, a lack of regulation and fraud to name a few issues. In a June 10 Investor Alerts bulletin, the SEC outlines key points that investors should “carefully consider” before investing in a fund that buys or sells Bitcoin futures. “Investors should understand that Bitcoin, including gaining....
Data shows the crypto futures market has observed liquidations amounting to $280 million in the last 24 hours as Bitcoin broke above $22k. 76% Of The Crypto Futures Positions Liquidated In Past 24 Hours Were Shorts In case anyone is unaware what “liquidations” are, it’s best to first take a look at a brief explanation […]
Bitcoin perpetual futures buyers are paying a 5.4% weekly funding rate to keep their positions open, but is this sustainable? Today Bitcoin (BTC) price rallied to a new all-time high at $44,900 shortly after Tesla announced a $1.5 billion investment. This event triggered $555 million worth of shorts to be liquidated in two hours and it happened as Bitcoin futures open interest reached $13.7 billion, which is just 3% below its historical high.These price moves drastically increased the cost of carrying long positions, mainly for those using perpetual futures. This indicator raised a yellow....