Ethereum Mirrors A 2023 Setup As Buyers Take Control Of Derivatives On Binance
Ethereum is pushing toward $2,200. The macro environment is uncertain. And top analyst Darkfost has identified a signal in the derivatives market that has not appeared in nearly three years — emerging at precisely the moment the price is testing a level that matters. Related Reading: XRP Supply Is Thinning and Leverage Is Absent. Learn What Happens When One Of Those Changes The signal comes from the ETH Taker Buy Sell Ratio on Binance — a measure of whether buyers or sellers are dominating perpetual contract activity on the exchange that processes more than a third of all ETH open interest....
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The price of Ethereum has been hovering around $2,000 for nearly a month, with the technical structure showing no clear path to recovery. According to the latest on-chain data, the “King of Altcoin” is witnessing a rare signal that could mean that it is at the beginning of a positive trend. ETH Net Taker Volume Suggests Potential Bullish Price Trend In an April 4 post on the social media platform, pseudonymous market analyst Darkfost revealed that the Ethereum derivatives market is experiencing a regime shift for the first time since the last bear phase. This market outlook....
PERP, the native token of Perpetual Protocol, is one of the top-performing assets, looking at price action in the past 48 hours. As of September 6, the token is changing hands at $0.78, adding roughly 90% from August 2023 highs. Amid this stellar performance, reports reveal that the Perpetual Protocol Foundation has transferred 903,000 PERP worth approximately $691,000 to Binance, the world’s largest cryptocurrency exchange by trading volumes and client count. PERP Ripping Higher After Dumping In Q2 2023 According to Lookonchain, a blockchain analytic platform, the wallet associated....
XRP is holding current levels. The market is volatile. And on Binance, two separate groups of participants have reached two completely opposite conclusions about where it goes next. Related Reading: $82 Million In Ethereum Just Left FalconX: Discover Who Is Behind It A CryptoQuant analysis tracking XRP’s market structure has identified a divergence that cuts directly beneath the surface of the current price action. Spot CVD on Binance has climbed to approximately $520.2 million — real capital, committed by real buyers, accumulating in the spot market while the broader environment....
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 […]
Fresh off the heels of Binance’s last announcement to discontinue crypto derivatives offerings in Germany, Italy, and the Netherlands, the company revealed on Friday crypto derivatives products in Hong Kong will cease as well. Effective immediately, users won’t be able to open new derivatives positions and customers with existing derivatives positions have 90 days to close them. Binance Ends Crypto Derivatives Offerings in Hong Kong Binance revealed on August 6 that the exchange will no longer offer crypto derivatives products to customers. The news follows the company’s....