Bitcoin Shows Strength, But Binance Open Interest Divergence Flags Caution
Although Bitcoin (BTC) continues to hold above $107,000 – trading just 3.8% below its latest all-time high (ATH) – on-chain data reveals emerging warning signs that warrant attention. These signals hint at potential market exhaustion, suggesting that BTC may be due for a short-term correction or consolidation. Bitcoin Price Diverges From Binance Open Interest According […]
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Per a report from the Wall Street Journal, giants Amazon and Walmart are looking into launching their own digital assets. According to the report, the merchants might issue in-house stablecoins to save billions of dollars on fees and payment transactions. Related Reading: Bitcoin Shows Strength, But Binance Open Interest Divergence Flags Caution The report stated: […]
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 […]
Data shows a divergence is forming between Bitcoin and Ethereum’s open interest, something that has been bullish for BTC in the past. Bitcoin Open Interest Has Declined, While Ethereum Has Seen Rise According to data from the on-chain analytics firm Santiment, the BTC open interest has been going down since Monday. The “open interest” here refers to the total amount of Bitcoin contracts (in USD) that are currently open on the futures and options market. When the value of this metric increases, it means that there are more positions being opened up on derivative exchanges....
Ethereum is showing renewed strength as the market tests key resistance levels following a prolonged period of downward pressure and consolidation. The recent price action suggests that buyers are gradually regaining control, with ETH attempting to build momentum as traders evaluate whether the current move can evolve into a broader recovery. Related Reading: Ethereum Whales Step In: $33M ETH Withdrawn From Exchanges In Hours While spot price action reflects improving sentiment, derivatives data points to deeper structural changes taking place beneath the surface. According to CryptoQuant....
Open interest and liquidity across Binance crypto and Bitcoin derivatives markets have vastly improved, suggesting investors’ confidence in the sector. As such, 2020/2021 for Binance has been a breakthrough for derivatives markets. Such hiccups have Led to the current meteoric rise of Binance Futures. Binance Faces Regulation Defaults While Binance luxuriates on this achievement, it […]